Chapter 8 part 2 Economics

the share of earnings given by a franchisee as a payment to the franchiser

formal contract by a corporation that includes a promise to repay borrowed money with interest

a legal entity owned by individual stockholders- limited liability for the firm's debts

the money and other valuables belonging to an individual or business

the portion of corporate profits paid out to stockholders

a semi-independent business that pays fees to sell a certain product or service in a given area

business combination merging more than three businesses that produce unrelated products

a certificate of ownership in a corporation

a type of corporation that issues stock to only a few people, who are often family members

a type of corporation that sells stock on the open market