Ch 4 & 5 Vocabulary

A partnership established for a specific project or for a limited time

• Corporate Raider

• joint venture

• vertical merger

• franchiser

When companies operating at different but related levels of an industry merge

• conglomerate merger

• horizontal merger

• vertical merger

Businesses owned and operated by one individual

• corporation

• partnership

• franchise

• Sole proprietor

the purchase of one company by another

• small business

• acquisition

• cooperative

• dividends

form of ownership that provides limited liability and taxation

• limited liability company

• Corporation

• Franchise

• board of directors

legal documents that set forth the basic agreements between partners are called Articles of Partnership

• true

• false

when a company wants to acquire or take over another company

• franchisee

• corporate raider

• entrepreneur

when firms that make and sell similar products to the same customer

• conglomerate merger

• vertical merger

• horizontal merger

• corporate raider

legal entity created by the state, whose assets and liabilities are separate from the owner

• franchise

• partnership

• sole proprietor

• corporation

all parties which interact with the business

• whistleblowers

• stakeholders

• consumers

• owners