Entrepreneurship Final

The capital, skilled labor, management expertise, legal and financial advice, facility, equipment, and customers needed

Time worked in addition to regular hours.

A person who sees a need and takes on financial risk to start a business to fill that need.

The process of getting into and operating one's own business

Money owed

Compensation in forms other than direct payment

The amount of money one puts into a business as capital

Amount of income left after taxes and deductions have been taken out.

Money employees set aside or invest for future income.

An organized work stoppage intended to force an employer to address union demands.

A chance to do something

A business undertaking involving risk

The percentage of the business that a person owns

Ownership is restricted to a small group of investors and is not exchanged on a public stock exchange

An economic system in which people are free to operate their businesses as they see fit, with little government interfe

Money that is left after all the expenses of running a business have been deducted from the income

The total amount you earn before any deductions are subtracted

A business that has hundreds, if not thousands, of owners who can exchange their ownership interests on public exchanges

A form of business ownership in which the owners are liable only up to the amount of their individual investments.

A business organization that is recognized by the law as having a separate legal existence

The owner is personally and fully responsible for all losses and debts of the business

A business in which two or more persons combine their assets and skills

The effort that people devote to a task for which they are paid

Money and other valuables belonging to an individual or business

An organization of workers that tries to improve working conditions, wages, and benefits for its members

A business owned and managed by a single individual

Fees for the support of government required to be paid by people and businesses.

The action or process of investing money for profit

A pay deduction required by law that supports the federal government.

Money for investment

Lowest legal wage that can be paid to most workers

A statement attached to your paycheck that shows how much money you made & what deductions were included

A federal tax that supports elderly, disabled, or orphaned citizens.

The struggle among producers for the dollars of consumers

A business owned by stockholders who share in its profits but are not personally responsible for its debts

Normal work hours; usually 40 hours full-time employees

Revenue

Amounts of money authorized to be automatically subtracted from your income every pay period