| A | B |
|---|
| corporation | business owned by a group of people and authorized by the state in which it is located to act as though it were a single person |
| charter | an official document granted by a state giving power to run a corporation |
| stockholders | owners of a corporation |
| shares | equal parts of the division of ownership of a corporation |
| dividends | profits distributed to stockholders on a per share basis |
| board of directors | ruling body of a corporation |
| officers | top executives who are hired to manage the business |
| capital stock | the general term applied to the shares of ownership of a corporation |
| proxy | a written authorization for someone to vote in behalf of the person signing the proxy |
| close corporation | a corporation that does not offer its shares of stock for public sale |
| open corporation | a corporation that offers its shares of stock for public sale |
| foreign corporation | a corporation doing business in a state from which it did not receive its charge |
| joint venture | two or more businesses that agree to make and/or sell a good or service |
| S-corporation | a special type of corporation that is taxed as if it were a partnership |
| nonprofit corporation | an organization that does not pay taxes and does not exist to make a profit |
| cooperative | a business owned and operated by its user-members for the purpose of supplying themselves with goods and services |
