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WHU Englisch 1 Companies - legal forms
Terms in this set (60)
A business owned and operated by
An association of two or more
persons who act as co-owners of a
A type of the association, whereby
there is a complete sharing of the
management of a business. Each of
the owners has unlimited liability.
A type of the association, whereby at
least one person has unlimited
liability, the others have limited
A legal entity, created by the State,
whose assets and liabilities are
separate from its owners, whereby
the owners have limited liability.
company (Ltd.) /
A type of legal entity which is owned
by one or a few people who are
closely involved in managing the
company (plc) /
A type of legal entity which is owned
by anyone who buys a 'part' of it.
share / stock
When you are the holder of this, it
proves that you own a 'part' of a
Initial Public Offering
The first time a company goes to the
stock market to raise capital.
preference share /
The owners of this type of share have
no say in the running of the business
but have a claim to profits before any
ordinary share /
The owners of this type of share have
voting rights but do not have any
guaranteed right to a share of the
The share of the profits any
shareowner might get.
A certificate issued by a company to
raise finance. The holder of the
certificate has simply lent the
company money and owns no part of
What the holder of a corporate bond
would get in return for lending the
. Board of
A group of individuals who oversee the
general operation of the business and set
the long-term objectives.
Directors who are employees and who have
a day-to-day say in the operation of the
Members of the board of directors who only
have a controlling function.
The top person with a day-to-day say in the
A company owned to at least 51% by
A partnership between companies
established for a specific project or for a
limited period of time.
The combination of two companies to form
a new company.
The purchase of one company by another.
A business model whereby a company
grants another or an individual the
authorisation to sell or distribute their
goods with certain contractual
The company which grants a franchise.
The company/individual that has been granted a franchise
The chairman or president is the highest ranked officers in the firm's board and responsible for presiding over board meetings. During the meeting, he ensures an orderly procedure. In comparison to the CEO the Chairman does not always have executive authority
to head a company
Leading a company usually in the position of the CEO or MG. By heading the company the manager is responsible for making major corporate decisions.
Transaction in which the buyer and seller are from the same nation.
Transaction in which the buyer and the seller are from different nations.
The management process through which goods and services move from concept to the customer. It includes the coordination of four elements called the 4 P's of marketing:
(1) identification, selection and development of a product,
(2) determination of its price,
(3) selection of a distribution channel to reach the customer's place, and
(4) development and implementation of a promotional strategy.
limited liability company
A form of business organization with the liability-shield advantages of a corporation and the flexibility and tax pass-through advantages of a partnership
sleeping/dormant silent partner
Contributor or investor who is not active in managing a firm and may not be known to the outsiders. A dormant partner shares profits and losses with other partners but generally may withdraw from the firm without notice to the lenders.
To form a corporation under state regulations
memorandum of association / articles of incorporation
A document that regulates a company's external activities and must be drawn up on the formation of a registered or incorporated company. As the company's charter it (together with the company's articles of association) forms the company's constitution.
articles of association - by laws
The internal rule book that every incorporated organization must have and work by. It forms a part of the constitution of an organization.
A share of a company held by an individual or group. Corporations raise capital by issuing stocks which entitle the stock owners (shareholders) to partial ownership of the corporation. Stocks are bought and sold on what is called an exchange. There are several types of stocks and the two most typical forms are preferred stock and common stock.
to go public / to float a company
is the legal process by which a company goes from being privately to publicly held
to list / be listed on the stock exchange (neue definition raussuchen)
In order to be listed on the stock exchange, companies have to fulfill various standards that are established by stock exchanges (such as the NYSE) to control membership in the exchange. Companies wishing to issue their stock on a given exchange must meet its listing requirements and continue to do so for as long as they are on the exchange.
shares of a company are made available for people to buy.
to raise capital
The actions that a company takes in order to find new capital to finance its activities
dividends ( raussuchen)
A dividend is a share of the company´s earnings, decided by the board, usually in form of cash or shares of stock. The amount of money a shareholder gets depends on his total share on the company.
bank loan (raussuchen)
A bank loan implies a temporary transfer from a bank to a customer (borrower), who obligates themselves to return the money including an interest rate, which has been previous set in an agreemen
Venture capital is the financing of start-ups and small companies which is provided by investors
Seed capital is the starting capital of a company, which often comes from the founder's personal assets.
is a company that controls other, smaller businesses by owning an influential amount of voting stock or control
The classic organizational structure where the employees are grouped hierarchically, managed through clear lines of authority, and report ultimately to one top person.
A matrix type of organizational structure combines the traditional departments seen in functional structures with project teams. In a matrix structure, individuals work across teams and projects as well as within their own department or function.
A type of organizational configuration that groups together those employees who are responsible for a particular product type or market service according to workflow. The divisional structure of a business tends to increase flexibility, and it can also be broken down further into product, market and geographic structures
A business model whereby a company grants another or an individual the authorization to sell or distribute their goods with certain contractual limitations and obligations.
When something is very modern
A platform is a business model that creates value by facilitating exchanges between two or more interdependent groups, usually consumers and producers. In order to make these exchanges happen, platforms harness and create large, scalable networks of users and resources that can be accessed on demand. Platforms create communities and markets with network effects that allow users to interact and transact
A change in the physical location of a business. A business might relocate because of rising costs at the current facility, better tax breaks in a different location, changes in its target market, or for other reasons.
Smart manufacturing (SM) is a technology-driven approach that utilizes Internet-connected machinery to monitor the production process. The goal of SM is to identify opportunities for automating operations and use data analytics to improve manufacturing performance.
The term describes an environment where machinery and equipment are able to improve processes through automation and self-optimization. The benefits also extend beyond just the physical production of goods and into functions like planning, supply chain logistics, and even product development
The Conversion of functions included in the process of production, especially concerning the control and control tasks during the production from human to digital and technical systems
It's the integration of digital technologies into everyday life by the digitization of everything that can be digitized
internet of things
The Internet of things is the network of physical devices, vehicles, and other items embedded with electronics, software, sensors, actuators, and network connectivity which enable these objects to collect and exchange data.
Lead time is the amount of time that elapses between when a process starts and its completion
A value chain is a high-level model used to describe the process by which businesses receive raw materials, add value to the raw materials through various processes to create a finished product, and then sell that end product to customers
A bottleneck is a point of congestion (=Stauung) in a production system that occurs when workloads arrive too quickly for the production process to handle. The inefficiencies brought about by the bottleneck often create delays and higher production costs.
THIS SET IS OFTEN IN FOLDERS WITH...
WHU Englisch 1 Finance
WHU Englisch 1 Vocab Companies General
WHU Englisch 1 Human Ressources
WHU Englisch 1 Marketing
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