Chapter 8: Business Organizations Review

situation in which a firm legally ceases to exist when an owner dies or quits, or when a new owner is added

• limited life

• general partnership

• common stock

• preferred stock

• horizontal merger

all partners are equally responsible for management and debts

• limited life

• general partnership

• common stock

• preferred stock

• horizontal merger

a form of corporate ownership giving one vote per share for stockholders

• limited life

• general partnership

• common stock

• preferred stock

• horizontal merger

form of stock without vote, in which stockholders get their investments back before common stockholders do

• limited life

• general partnership

• common stock

• preferred stock

• horizontal merger

combination of firms producing the same kind of product

• limited life

• general partnership

• common stock

• preferred stock

• horizontal merger

place where entrepreneurs can receive the training to build a successful start-up business

• incubator

• crowdfunding

• venture capitalist

• credit union

• labor union

using social networking to appeal to potential investors

• incubator

• crowdfunding

• venture capitalist

• credit union

• labor union

lender of investment funds to a start-up business in exchange for partial ownership of the business

• incubator

• crowdfunding

• venture capitalist

• credit union

• labor union

nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services

• incubator

• crowdfunding

• venture capitalist

• credit union

• labor union

organization that works for its members' interests concerning pay, working hours, health coverage, fringe benefits, and other job-related matters

• incubator

• crowdfunding

• venture capitalist

• credit union

• labor union