Matching
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Identifying Key Terms
Match each term with the correct
statement below. a. | assets | f. | professional
association | b. | business organization | g. | business license | c. | trade association | h. | corporation | d. | limited
partnership | i. | cooperative | e. | sole proprietorship | j. | bond |
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1.
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an establishment owned by two or more persons in which only one person has
unlimited personal liability for the business
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2.
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nonprofit association that promotes the interests of a particular
industry
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3.
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money and other valuables belonging to an individual or business
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4.
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a business owned and managed by a single individual
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5.
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a business organization owned and operated by a group of individuals for their
mutual benefit
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6.
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a legal entity owned by individual stockholders
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7.
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a certificate issued by a corporation promising to repay a loan with interest
to the buyer
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8.
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an establishment formed to carry on commercial enterprise
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Identifying Key Terms
Match each term with the correct
statement below. a. | general partnership | f. | royalties | b. | dividend | g. | producer cooperative | c. | zoning law | h. | liability | d. | stock | i. | business license | e. | horizontal merger | j. | nonprofit
organization |
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9.
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the legally bound obligation to pay debts
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10.
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a share representing a portion of ownership in a corporation
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11.
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authorization to start a business issued by the local government
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12.
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the portion of corporate profits paid out to stockholders
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13.
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regulation in a city or town that designates separate areas for residency and
business
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14.
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an institution that functions like a business but does not operate in order to
generate profits
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15.
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the joining of two or more firms competing in the same market with the same
good or service
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16.
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a business in which the owners share equally in both responsibility and
liability
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