Business: Chapter 4

a business that is owned (and usually operated) by one person

a legal concept that holds a business owner personally responsible for all that debts of the business

a voluntary association of two or more persons to act as co-owners of a business for profit

a person who assumes full or shared responsibility for operating a business

a business co-owned by two or more general partners who are liable for everything the business does

a person who contributes capital to a business but has no management responsibility or liability for losses beyond the amount he or she invested in the partnership

a business co-owned by one or more general partners who manage the business and limited partners who invest money in it

a business partnership that is owned and managed like a corporation but often taxed like a partnership

an artificial person created by law with most of the legal rights of a real person, including the rights to start and operate a business, to buy or sell property, to borrow money, to sue or be sued, and to enter into binding contracts

the shares of ownership of a corporation

a person who owns a corporation's stock

a corporation whose stock is owned by relatively few people and is not sold to the general public

a corporation whose stock can be bought and sold by any individual

a corporation in a state in which it is incorporated

a corporation in any state in which it does business except the one in which it is incorporated

a corporation chartered by a foreign government and conducting business in the United States

stock owned by individuals or firms who may vote on corporate matters but whose claims on profit and assets are subordinate to the claims of others

stock owned by individuals or firms who usually do not have voting rights but whose claims on dividends are paid before those of common-stock owners

a distribution of earnings to the stockholders of a corporation

a legal form listing issues to be decided at a stockholders' meeting and enabling stockholders to transfer their voting rights to some other individual or individuals

the top governing body of a corporation, the members of which are elected by the stockholders

the chairmen of the board, president, executive vice presidents, corporate secretary, treasurer, and any other top executive appointed by the board of directors

a feature of corporate ownership that limits each owner's financial liability to the amount of money that he or she has paid for the corporation's stock

a corporation that is taxed as though it were a partnership

a form of business ownership that combines the benefits of a corporation and a partnership while avoiding some of the restrictions and disadvantages of those forms of ownership

a corporation owned and operated by a local, state, or federal government

a corporation organized to provide a social, educational, religious, or other service rather than to earn a profit

an association of individuals or firms whose purpose is to perform some business function for it's members

an agreement between two or more groups to form a business entity in order to achieve a specific goal or to operate for a specific period of time

a temporary association of individuals or firms organized to perform a specific task that requires a large amount of capital

the purchase of one corporation by another

a situation in which the management and board of directors of a firm targeted for acquisition disapprove of the merger

an offer to purchase the stock of a firm targeted for acquistion at a price just high enough to tempt stockholders to sell their shares

a technique used to gather enough stockholder votes to control a targeted company

a purchase arrangement that allows a firm's managers and employees or a group of investors to purchase the company