| A | B |
|---|
| SOL PROPRIETORS/PROPRIETORSHIP | A BUSINESS OWNED AND RUN BY ONE PERSON |
| UNLIMITED LIABILITY | THE OWNER IS PERSONALLY AND FULLY RESPONSIBLE FOR ALL LOSSES AND DEBTS OF THE BUSINESS |
| INVENTORY | A STOCK OF FINISHED GOODS AND PARTS IN RESERVE |
| LIMITED LIFE | A FIRM THAT LEGALLY CEASES TO EXIST WHEN THE OWNER DIES, QUITS, OR SELLS THE BUSINESS |
| PARTNERSHIP | A BUSINESS JOINTLY OWNED BY TWO OR MORE PERSONS |
| LIMITED PARTNERSHIP | THE INVESTOR'S RESPONSIBILITY FOR THE DEBTS OF THE BUSINESS'S LIMITED BY THE SIZE OF OR THE INVESTMENT IN THE FIRM |
| BANKRUPTCY | A COURT-GRANTED PERMISSION TO AN INDIVIDUAL OR BUSINESS TO CEASE OR DELAY DEBT PAYMENTS |
| CORPORATION | A FORM OF BUSINESS ORGANIZATION RECOGNIZED BY LAW AS A SEPARATE LEGAL ENTITY HAVING ALL THE RIGHTS OF AN INDIVIDUAL |
| CHARTER | A GOVERNMENT DOCUMENT THAT GIVES PERMISSION TO CREAT A CORPORATION |
| STOCK | OWNERSHIP CERTIFICATES IN A FIRM |
| STOCKHOLDER/SHAREHOLDER | AN INVESTOR WHO OWNS STOCK |
| DIVIDEND | A CHECK REPRESENTING A PORTION OF THE CORPORATE EARNINGS |
| BOND | A WRITTEN PROMISE TO REPAY A LOAN AT A LATER DATE |
| PRINCIPAL | AN AMOUNT OF BORROWED MONEY |
| INTEREST | THE PRICE PAID FOR THE USE OF ANOTHERS MONEY |
| DOUBLE TAXATION | THE TAXING OF STOCKHOLDERS DIVIDENDS ASA CORPORATE PROFIT AND A GAIN AS PERSONAL INCOME |
| MERGER | A COMBINATION OF TWO OR MORE BUSINESSES TO FORM A SINGLE FIRM |
| INCOME STATEMENT | A REPORT SHOWING A BUSINESS'S SALES, EXPENSES, AND PROFITS FOR A CERTAIN PERIOD |
| NET INCOME | REVENUES MINUS EXPENSES AND TAXES |
| DEPRECIATION | A NON-CASH CHARGE THE FIRM TAKES FOR THE GENERAL WEAR AND TEAR ON ITS CAPITAL GOODS |
| CASH FLOW | THE SUM OF NET INCOME AND NON-CASH CHARGES SUCH AS DEPRECIATION |
| HERIZONTAL MERGER | THE KIND OF MERGER IN WHICH TWO OR MORE FIRMS THAT PRODUCE THE SAME KIND OF PRODUCT JOIN FORCES |
| VERTICAL MERGER | THE KIND OF MERGER IN WHICH FIRMS INVOLVED IN DIFFERENT STEPS OF MANUFACTURING OR MARKETING JOIN TOGETHER |
| CONGLOMERATE | A FIRM THAT HAS AT LEAST FOUR BUSINESSES, EACH MAKING UNRELATED PRODUCTS, NONE OF WHICH IS RESPONSIBLE FOR THE MAJORITY OF THE FIRM'S SALES |
| MULTINATIONAL | A CORPORATION THAT HAS MANUFACTURING OR SERVICE OPERATION IN A NUMBER OF DIFFERENT COUNTRIES |
| NONPROFIT ORGANIZATION | AN ORGANIZATION THAT OPERATES IN A BUSINESS LIKE WAY TO PROMOTE THE COLLECTIVE INTERESTS OF ITS MEMBERS RATHER THAN TO SEEK FINACIAL GAIN FOR ITS OWNERS |
| COOPERATIVE/CO-OP | A VOLUNTARY ASSOCIATION OF PEOLPLE FORMED TO CARRY ON SOME KIND OF ECONOMIC ACTIVITY THAT WILL BENEFIT ITS MEMBERS |
| CREDIT UNION | A FINACIAL ORGANIZATION THAT ACCEPTS DEPOSITS FROM , AND MAKES LOANS TO , EMPLOYEES FROM A PARTICULAR COMPANY OR GOVERNMENT AGENCY |
| LABOR UNION | AN ORGANIZATION OF WORKERS FORMED TO REPRESENT ITS MEMBERS' INTERST IN VARIOUS EMPLOYMENT MATTERS |
| COLLECTIVE BARGAINING | UNION NEGOTIATIONS WITH MANAGEMENT OVER ISSUES SUCH AS PAY, WORKING HOURS, HEALTH CARE COVERAGE, AND OTHER JOB-RELATED MATTERS |
| PROFESSIONAL ASSOCIATION | A GROUP OF PEOPLE IN A SPECIALIZED OCCUPATION THAT WORKS TO IMPROVE THE WORKING CONDITIONS , SKILL LEVELS, AND PUBLIC PRECEPTIONS OF THE PROFESSION |
| CHAMBER OF COMMERCE | AN ORGANIZATION THAT PROMOTES THE WELFARE OF ITS MEMBERS AND THE COMMUNITY |
| BETTER BUSINESS BUREAU | A NONPROFIT ORGANIZATION SPONSORED BY LOCAL BUSINESSES TO PROVIDE GENERAL INFORMATION ON COMPANIES |
| PUBLIC UTILITY | INESTOR- OR MUNICIPAL- OWNED COMPANY THAT OFFERS AN IMPORTANT PRODUCT, SUCH AS WATER OR ELECTRICITY, TO THE PUBLIC |
