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Match the following terms with their definitions.


Date: 2015-10-07; view: 363.


1) articles of partnership a) a group of people elected by stockholders to guide a corporation
2) consumers' cooperative b) an organization that farmers form to market their products.
3) board of directors c) a business owned by one person
4) corporation d) a written agreement made by partners in their business
5) dividend e) an association of two or more people operating business as co-owners and sharing profits or losses according to a written agreement
6) franchise f) an organization of consumers who buy goods and services together
7) franchisee g) a business made up of a number of owners but authorized by law to act as a single person
8) franchiser h) a document, generally issued by a state government, giving permission to start a corporation
9) cooperative i) the part of the profits of a corporation that each stockholder receives
10) partnership j) a person who owns stock in a corporation
11) producers' cooperative k) a business that is owned by the members it serves and is managed in their interest
12) sole proprietorship l) a written contract granting permission to sell someone else's product or service in a prescribed manner, over a certain period of time, and in a specified area
13) certificate of incorporation m) the person or group of people who have received permission from a parent company to sell its products or services
14) stockholder or shareholder n) the parent company that grants permission to a person or group to sell its products or services

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Text A. Different types of companies. | These pairs of words often cause problems. Choose the correct alternative for each word.
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