Like this study set? Create a free account to save it.

Sign up for an account

Already have a Quizlet account? .

Create an account


Absolute advantage

________Occurs when a country has a monopoly on producing a product or is able to produce it at a cost well below that of all other countries.

Be their own boss

One of the major attractions of a sole proprietorship is:

Sole proprietor's heirs have the option of taking over the business

When a sole proprietor dies:


A__ occurs when one company buys the property and obligations of another company

Leveraged buyout

An attempt by employees, managment, or a group of investors to purchase an organization primarily through borrowing is called ?


A____ is a company that has a proven business model and is willing to sell the rights to use the business model to others so that they can sell the same product or service within a given territory

The Executive Summary

Banks and potential investors are likely to read____first.

Small business employees

____ employees often find more job satisfaction than their counterparts in big business


A____ refers to ppl with unsatisfied wants and needs who are willing and able to buy a product or service

Can encourage employees to deceive customers

Creating competition between employees within the corporation leads to what?


The body of law created by court decisions rendered by judges is called _____ law

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions and try again


Reload the page to try again!


Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

Voice Recording