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Economics Vocabulary Chapter 3 B

AB
corporationform of business organization recognized by law as a separte legal entity having all the rights of an individual
multinationalcorporation that has manufacturing or service operations in a number of countries
interestprice paid for the use of another's money
consumer cooperativevoluntary association that buys bulk amounts of goods on behalf of tis members
sole prorietorshipbusiness owned and run by one person
partnershipbusiness jointly owned by two or more people
cash flowsum of net income and nocash charges
net incomerevenues minus expenses, including taxes
dividendpayment to stockholder representing a portion of the corporate earnings


LRC/Study Skills
Clifton High School
Clifton, TX

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