Chapter eight vocabulary

Matching

Identifying Key Terms

Match each term with the correct statement below.

a.	assets	f.	professional association
b.	business organization	g.	business license
c.	trade association	h.	corporation
d.	limited partnership	i.	cooperative
e.	sole proprietorship	j.	bond

____	1.	an establishment owned by two or more persons in which only one person has unlimited personal liability for the business

____	2.	nonprofit association that promotes the interests of a particular industry

____	3.	money and other valuables belonging to an individual or business

____	4.	a business owned and managed by a single individual

____	5.	a business organization owned and operated by a group of individuals for their mutual benefit

____	6.	a legal entity owned by individual stockholders

____	7.	a certificate issued by a corporation promising to repay a loan with interest to the buyer

____	8.	an establishment formed to carry on commercial enterprise

Identifying Key Terms

Match each term with the correct statement below.

a.	general partnership	f.	royalties
b.	dividend	g.	producer cooperative
c.	zoning law	h.	liability
d.	stock	i.	business license
e.	horizontal merger	j.	nonprofit organization

____	9.	the legally bound obligation to pay debts

____	10.	a share representing a portion of ownership in a corporation

____	11.	authorization to start a business issued by the local government

____	12.	the portion of corporate profits paid out to stockholders

____	13.	regulation in a city or town that designates separate areas for residency and business

____	14.	an institution that functions like a business but does not operate in order to generate profits

____	15.	the joining of two or more firms competing in the same market with the same good or service

____	16.	a business in which the owners share equally in both responsibility and liability

Windows User

2014-10-07

Eanes ISD