| A | B |
|---|
| download | The process of taking possession of something (e.g., acquiring another business by purchasing it) |
| Annual report: | A document outlining the financial status of a business |
| Asset(s): | Anything of value that a business or individual owns |
| Better Business Bureau: | A consumer organization that monitors complaints against businesses |
| Board of directors: | A group of people chosen to govern the activities of a corporation |
| Business-format franchise: | A franchise arrangement in which the franchisee must operate under the trade name of the parent company that provides continuous assistance in setting up and operating the business |
| “C” corporation: | A form of business ownership that is considered a separate legal entity from its owners; can be owned by unlimited stockholders and is susceptible to dual taxation; also known as a public corporation |
| Capital: | Assets of a business |
