1.
Bond: a method of raising money are the sale of stock and issuing of bonds
2.
Conglomerate: results form a merger of companies that produce unrelated goods or services
3.
Cooperative: type of business operated for the shared benefit of the owners who are also its customers
4.
Corporation: a business owned by individuals called shareholders or stockholders
5.
Enterprise: an enterprise that produces goods or provides services
6.
Franchise: business made up of semi-independent businesses that offer the same products or services
7.
Franchisee: individual businesses
8.
General Partnership: a partnership in which partners share responsibility for managing the business and each one is liable for all businesses debts and losses
9.
Horizontal Merger: describes the joining of companies that offer the same or similar products or services
10.
Limited Liability: business owner's liability for business debts and losses are limited
11.
Limited Liability Partnership: a partnership in which all partners are limited partners and not responsible for the debts and other liabilities of other partners
12.
Limited Life: a situation in which a business ceases to exist if the owner dies, retires, or leaves the business for some other reason
13.
Multinational corporation: large corporation with branches in several countries
14.
Nonprofit Organization: an institution that acts like a business organization but its purpose is usually to benefit society not to make a profit
15.
Partnership: a business co-owned by two or more people, or "partner,s" who agree on how responsibilities, profits, and losses will be divided
16.
Private Company: one that retains control over who can buy or sell the stock
17.
Public Company: a corporation that issues stock that can be freely bought and sold
18.
Sole Proprietorship: a business owned and managed by single person
19.
Stock: shares of ownership in the corporation
20.
Unlimited Liability: a situation in which a business owner is responsible for al the losses, debts, and other claims against the business
21.
Unlimited Life: they continue to exist even after a change in ownership
22.
Vertical Merger: describes the combining of companies involved in different steps of production or marketing of a product or service
