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Ch. 8 Vocabulary
Economics
26
Economics
12th Grade
05/02/2016

Additional Economics Flashcards

 


 

Cards

Term
General Partnership
Definition
A company that is owned by 2 or more people
Term
Sole Proprietorship
Definition
Business owned and run by a single individual
Term
Principal
Definition
Amount borrowed when getting a loan or issuing a bond
Term
Interest
Definition
Payment made for the use of borrowed money;usually paid at periodic intervals for long-term bonds or loans
Term
Franchise
Definition
Business investment that involves renting or leasing another sucessful business model
Term
Charter
Definition
Written government approval to establish a corporation
Term
Dividend
Definition
Check paid to stockholders representing a portion of corporation profits
Term
Common Stock
Definition
Most basic form of corporate ownership, with one vote per share fo stockholders
Term
Preferred Stock
Definition
Form of stock with no voting privilages
Term
Stock
Definition
Certificate of ownership in a corporation
Term
Inventory
Definition
Stock of goods held in reverse; includes finished goods waiting to be sold and raw material to be used in production
Term
Horizontal Merger
Definition
Combination of firms producing the same kind of product
Term
Vertical Merger
Definition
Combination of firms involved in steps of manufacturing or marketing
Term
Conglomerate
Definition
Firm with four or more businesses making unrelated products, with no single business responsible for a majority of its sales
Term
Multinational
Definition
Corporation producing and selling without regards to national boundries and whose business activities are located in several different countries
Term
Crowdfunding
Definition
Using social networking to appeal to potential investors
Term
Incubators
Definition
Places where entrepreneurs can recieve the training to build a sucessful start-up business
Term
Chamber of Commerce
Definition
Nonprofit organization of local businesses whose purpose is to promote their interests
Term
Credit Union
Definition
Nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services
Term
Better Business Bureau
Definition
Business-sponsored nonprofit organization providing information on local companies to consumers
Term
Cooperative, or Co-Op
Definition
Nonprofit association performing some kind of economic activity for the benefit of its members
Term
Income Statement
Definition
Report showing a businesses sales, expenses, and profit for a certain period, usually three months or a year
Term
Net Income
Definition
Measure of business profits determined by subtracting all expenses, including taxes, from revenues
Term
Angel Investors
Definition
Informal and usually affluent investors who provide start-up funds
Term
Nonprofit Organization
Definition
Economic institution that operates like a business but does not seek financial gain
Term
Franchisor
Definition
Creator of the business model that is rented or leased by investors
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