Personal Finance - Chapter 1

Someone who purchases an existing bookstore and assumes its risks.

A business in which all the profits can be used by the owner.

A payment to a musician whose work is recorded on a CD.

Pay that is figured at an hourly rate.

A business that must answer to its stockholders.

A state government payment to a library to fund a literacy program.

A percentage of a total sale, paid to the employee who makes the sale.

A payment of an additional 20 percent to a babysitter for staying after midnight.

A business that has 2+ owners, with each owner being legally responsible for the business.

Pay that is a fixed amount, no matter how many hours are worked.