econ vocab 3

  1. assets
    money and other valuables belonging to an individual or business
  2. business organization
    am establishment formed to carry on commercial enterprise
  3. trade association
    nonprofit organization that promotes the interest of a particular industry
  4. limited partnership
    partnership in which only one partner is requires to be a general partner
  5. sole proprietorship
    business owned and managed by a single individual
  6. professional association
    nonprofit organization that works to improve the image, working conditions, and skill levels of people in particular occupations
  7. business license
    authorization to start a business issued by the local government
  8. corporation
    a legal entity owned by individual stockholders
  9. cooperative
    a business organization owned and operated by a group of individuals for their mutual benefit
  10. bond
    a formal contract to repay borrowed money with interest at fixed intervals
Card Set
econ vocab 3