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Corporation refers to...
a business enterprise that is owned by stockholders, most of whom are not involved in running the daily affairs of the business.
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Corporations have access to a much broader...
source of capital than do individuals because they can sell stock to thousands of stockholders.
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Corporation stockholders have only limited...
liability.
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Within the corporation, the ownership is separate from the...
control of its policies and daily affairs.
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Examples of corporations are...
News Corporation and Time Warner
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Monopoly refers to...
the control of a product or service by one company.
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An example of a monopoly is...
when Nintendo controlled about 80% of the $5 billion video-game market in the 1990's.
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Oligopoly refers to...
the control of a market by a few corporations.
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Examples of oligopoly refers to...
Verizon, AT&T, Sprint Nextel, and T-Mobile together had control of 89% of the cellular phone market in the USA during 2008.
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Conglomerate refers to...
a corporation that owns other companies in fields quiet different from that of the parent company.
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How many people are needed to start a conglomerate?
- Two people
- One person to be the President and another to be a Secretary in order to become incorporated.
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An example of conglomerate is...
Time Warner owns cable television channels, book publishers, magazines, motion pictures, television stations, satellites, television, and internet entities like AOL
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Multinational Corporation refers to...
a corporation that has a presence in at least two or three countries and engage in international business related o manufacturing, production, and sales
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An example of a multinational corporation is...
a corporation with factories in the USA and China, like NIKE
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Global Corporation refers to...
a corporation that has a presence in every continent and engage in international business related to manufacturing, production, and/or sales
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An example of a global corporation is...
Chase Manhattan Bank
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Union refers to...
a formal organization which engages in collective bargaining for its members
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Membership in unions has been in a steady...
decline since a high of 24.7% in 1955 to a low of 12.3% in 2009
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What is the percentage of companies with unions?
10 percent
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What year did unions become legal?
1930s
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Examples of unions are...
- UFCCCD is the union for faculty at Contra Costa County
- SEIU is the union for social workers at Alameda County Social Services Agency
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