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Bus 150 Chapter 4-5 terms

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Horizontales
A legal entity with authority to act and have liability apart from its owners.
Standards of moral behavior, that is, behavior accepted by society as right versus wrong.
Insiders who report illegal or unethical behavior.
A business owned and controlled by the people who use it—producers, consumers, or workers with similar needs who pool their resources for mutual gain.
The right to use a specific business’s name and sell its products or services in a given territory.
Verticales
A legal form of business with two or more owners.
A company that develops a product concept and sells others the rights to make and sell the products.
One company’s purchase of the property and obligations of another company.
Type of responsibility; limited and unlimited
The result of two firms forming one company.