CHAPTER 3: BUSINESS ORGANIZATIONS

In a general partnership, partners usually draw uplegal papers called

The local chamber ofcommerce works to

Negotiation by a laborunion with management over issues such as pay, working hours, & vacation

What is the most common form of business organization in the United States?

Basic ownership of a corporation, including voting rights, takes the form of

What is the main strengthof the corporate form of business organization?

Price paid for the use ofanother's money

Form of businessorgan. recog. by law as a sep. legal entity with all the rightsof an individual

Voluntary association thatbuys bulk amounts of goods on behalf of its members

Non-profit organizations may

Horizontal mergers involve

Which are imp. for their ability to move res., prod., & fin. capital across nat. boundaries?

Why are government controls needed on public utilities?

Organization of workersformed to represent its members' interests in various employment matters

Court-granted permission toan individual or business to cease or delay paying debts

Corporation that hasmanufacturing or service operations in a number of countries

Stock of finished goods andparts in reserve

Money that is borrowed

A government document granting permission to create a corporation is called a

Sum of net income andnon-cash charges, such as depreciation

Payment to a stockholderrepresenting a portion of the corporate earnings

Business that is jointlyowned by two or more persons

An advantage of a corporation is that

In its direct role as an economic organization, American government

Which of the following is most likely NOT a nonprofit organization?

What is a major reason for conglomerate mergers?

Revenues minus expenses,including taxes

Non-cash charge a firmtakes for the general wear and tear on its capital goods

All of the following are strengths of the partnership form ofbusiness organization EXCEPT

Unlike a general partnership, in a limited partnership

Host countries welcome multinationals because they _____.