| A | B |
|---|
| What type of business has the disadvantage of having unlimited legal liability? | sole proprietorships and partnerships |
| What type of business is owned by its shareholders? | corporation |
| What is it called when a person makes a profit by selling shares of stock at a higher price than they paid for them? | capital gain |
| What is it called when a corporation pays out a percentage of its profit to its shareholders? | dividend |
| What type of organization helps workers to acquire higher wages, benefits, and better working conditions? | labor unions |
| What process do labor unions use to negotiate with the owners/management of a business? | collective bargaining |
| What is it called when labor union members refuse to work until its demands are met by the business management? | strike |
| What is it called when the business management refuses to let labor union members go to work until they accept they contract that they are offering? | lock-out |
| Which legislation officially recognized the right of labor unions to organize and use collective bargaining? | National Labor Relations Act |
| Which act limits labor unions by allowing states to pass "right to work" laws? | Taft-Hartley Act |
| What rights do workers have under the Fair Labor Standards Act? | minimum wage and 40-hour work week |
