Final Exam Ch.5

mergers

the combining of companies

limited liability partnerships

the maximum amount they are liable for is whatever amount each invested in the business. form of business was created to help protect individual partners in certain professions from major mistakes (such as errors that trigger malpractice lawsuits) made by other partners in the firm.

liquidity

which means that investors can easily and quickly convert their stock into cash by selling it on the open market.

public corporations

is sold to anyone who has the means to buy it—individuals, investment companies such as mutual funds, not-for-profit organizations, and other companies. Such corporations are said to be publicly held or publicly traded.

​A(n) _________ lets companies create an operation that is more tightly integrated than a strategic alliance.

joint venture

​A(n) _____________ occurs when an individual or a group of people buy a​ company's publicly traded stock mainly by using borrowed funds.

leveraged buyout

LBO

leveraged buyout Acquisition of a company's publicly traded stock, using funds that are primarily borrowed, usually with the intent of using some of the acquired assets to pay back the loans used to acquire the company.

A business with one or more general partners with the same unlimited liability as a sole proprietor is known as a​ ____

limited partnership

acquisitions

one firm buys another

limited partnerships

Under this type of partnership, one or more persons act as general partners who run the business and have the same unlimited liability as sole proprietors.he remaining owners are limited partners, investors who do not participate in running the business and who have limited liability

What are the​ "three V's" of big​ data?

Volume, velocity, and variety

shareholders

investors who purchase shares of stock.

sole proprietorship

is a business owned by one person (although it may have many employees).

partnerships

is a company that is owned by two or more people but is not a corporation.

corporation

is a legal entity, distinct from any individual persons, that has the power to own property and conduct business.

limited liability company

A corporation itself has unlimited liability, but the various shareholders who own the corporation face only limited liability—their maximum potential loss is only as great as the amount they've invested in the company.

board of directors

A group of professionals elected by shareholders as their representatives, with responsibility for the overall direction of the company and the selection of top executives.

strategic alliance

A long-term partnership between companies to jointly develop, produce, or sell products.

joint venture

A separate legal entity established by two or more companies to pursue shared business objectives.

hostile takeover

Acquisition of another company against the wishes of management.

analytics

Computing tools and techniques used to analyze big data; major types include data mining, text mining, and predictive analytics.

corporate governance

In a broad sense, all the policies, procedures, relationships, and systems in place to oversee the successful and legal operation of the enterprise; in a narrow sense, the responsibilities and performance of the board of directors specifically.

Which form of business is also known as a closely held​ corporation?

Private corporation

Big Data

The massive data sets that companies collect and analyze to find important trends and insights.

corporate officers

The top executives who run a corporation.

general partnerships

all partners have the authority to make decisions for the firm and joint liability for the firm's financial obligations.

private corporations;

also known as a closely held corporation, is owned by only a few individuals or companies and is not made available for purchase by the public.

CEO's

chief executive officer The highest-ranking officer of a corporation.

An S corporation is a​

corporation that combines the​ capital-raising options and limited liability of a corporation with the federal taxation advantages of a partnership

A​ ________ has unlimited​ liability, but the various​ _______ who own the stock face only limited liability.

corporation; shareholders