1.

A life insurance policy that pays benefits only if the unsured dies for a specified cause it belongs
to partnership.
2. The main difference between preferred and common stock is that preferred stock gives no
voting rights to shareholders while common stock does. Preferred shareholders have priority
over a company's income, meaning they are paid dividends before common shareholders.
3. Mergers are often defined as either horizontal or vertical. A horizontal merger occurs when two
competing companies join to form a single company, whereas a vertical merger occurs when
two companies in different stages of production join together to form a single company.
4. Labor union is an organized association of workers, often in a trade of profession, formed to
protect and further their rights and interest.
5. Written government approval to establish a corporation.
6. Sole proprietorship, partnership and corporation. Sole is when you wake alone and take all the
income. Partnership is when you and someone else on the company. Corporation is when u are
a shareholder of a company.
7. A stockholder is a share holder so someone who owns a stock.
8. While both gross and net income refer to the money you earn, there are key differences: Gross
income is the money you earn from your hourly wages, salary, commissions, and bonuses. Net
income is the money you're left with after taxes are paid and any deductions for health
insurance or othe
9. A union is an organization formed by workers who join together and use their strength to have a
voice in their workplace. Through their union, workers have the ability to negotiate from a
position of strength with employers over wages, benefits, workplace health and safety, job
training and other work-related issues.
10. A law gives workers the freedom to choose whether or not to join a labor union in the
workplace.
11. The minimum wage was conceived as a way to help bolster wageworkers and decrease class
stratification. It was first introduced in the United States with the Fair Labor Standards Act of
1938 (FLSA). Passed under President Roosevelt, this act called for the first national minimum
wage of 25 cents an hour.
12. Executive and non-executive
13. The term glass ceiling refers to a metaphorical invisible barrier that prevents certain individuals
from being promoted to managerial.
14. IN flation is a rise in price.
15. "Current dollars" are what we usually mean when we refer to a currency in the current time
period. The term "constant dollars" refers to dollars of several years expressed in terms of their
value ("purchasing power") in a single year, called the base year.
16. A merger is a combination of two things especially companies into one.
17. Semi-skilled workers have skills that are highly transferrable, meaning that they can use their
skills in multiple fields and multiple different.
18. All the members of a particular organization or population who are able to work, viewed
collectively.
19. An income statement shows a company's revenues, expenses and profitability over a period of
time
20. A stock is a form of security that indicates the holder has proportionate ownership in the issuing
corporation and is sold predominantly on stock exchanges.
21. Sales staff, for example, are given a commission based on the number of sales they make.
22. The estimated reduction in value of a fixed assets within a fanatical year.
23. The horizontal union and vertical union.