What are the money and other valuables that belong to a corporation called?
Emma Jordan 
28 Cards in this Set
| What is the advantage of a sole proprietorship? | It is the least regulated form of business organization |
|---|---|
| Which of the following is a disadvantage of a sole proprietorship? | lack of permanence |
| What are the money and other valuables that belong to a corporation or partnership called? | assets |
What is a semi independent business?
a semi-independent business that pays fees to a parent company in return for the exclusive right to sell a certain product or service in a given area. royalties. the share of earnings given by a franchisee as payment to the franchiser. corporation.
What is a partnership in which partners share equally in both responsibility and liability?
General Partnership. Partnership in which partners share equally in both responsibility and liability.
What is a semi-independent business that pays fees to a parent company called?
Chapter 8 Econ Terms
| A | B |
|---|---|
| Business franchise | A semi-independent business that pays fees to a parent company in return for the exclusive right to sell a certain product or service in a specific area. |
| Royalty | Share of earnings given as payment to franchiser or producer of a good or service. |
What is a business owned and run by a single individual?
A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business.
What’s the difference between a salary and an hourly wage?
It’s a fixed amount payable at regular intervals, it can be weekly or monthly payments straight to an employee’s bank account. Wages are hourly or daily payments for work done during the working day. The main difference between salary and hourly wage is that salaries are a fixed upon payment agreed to by both the employer and employee.
How are you paid other than salary and wages?
Calculate the value of the options for a flexible schedule into your total compensation. Some employers — or certain positions with many employers — offer bonuses or commission in addition to salary and wages. Sales jobs generally include a bonus or commission component in the pay structure, supplementing salary and wages.
Do you get paid in addition to salary?
Some employers — or certain positions with many employers — offer bonuses or commission in addition to salary and wages. Sales jobs generally include a bonus or commission component in the pay structure, supplementing salary and wages.
What’s the difference between salaried and waged employees?
While salaried employees wait a month to get their paycheck. Working hours: Waged workers get paid according to the hours they have worked. This means they would have to work extra hours to earn any extra pay.
