SOCIO221 - CH 2 Corp, Monopoly, Oligopoly, Conglomerate, Multinational & Global Corp, & Union

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oathkeepr
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SOCIO221 - CH 2 Corp, Monopoly, Oligopoly, Conglomerate, Multinational & Global Corp, & Union
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2013-10-16 13:18:27
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SOCIO221
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SOCIO221 Chapter 2 notecards
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  1. Corporation refers to...
    a business enterprise that is owned by stockholders, most of whom are not involved in running the daily affairs of the business.
  2. Corporations have access to a much broader...
    source of capital than do individuals because they can sell stock to thousands of stockholders.
  3. Corporation stockholders have only limited...
    liability.
  4. Within the corporation, the ownership is separate from the...
    control of its policies and daily affairs.
  5. Examples of corporations are...
    News Corporation and Time Warner
  6. Monopoly refers to...
    the control of a product or service by one company.
  7. An example of a monopoly is...
    when Nintendo controlled about 80% of the $5 billion video-game market in the 1990's.
  8. Oligopoly refers to...
    the control of a market by a few corporations.
  9. Examples of oligopoly refers to...
    Verizon, AT&T, Sprint Nextel, and T-Mobile together had control of 89% of the cellular phone market in the USA during 2008.
  10. Conglomerate refers to...
    a corporation that owns other companies in fields quiet different from that of the parent company.
  11. How many people are needed to start a conglomerate?
    • Two people
    • One person to be the President and another to be a Secretary in order to become incorporated.
  12. An example of conglomerate is...
    Time Warner owns cable television channels, book publishers, magazines, motion pictures, television stations, satellites, television, and internet entities like AOL
  13. Multinational Corporation refers to...
    a corporation that has a presence in at least two or three countries and engage in international business related o manufacturing, production, and sales
  14. An example of a multinational corporation is...
    a corporation with factories in the USA and China, like NIKE
  15. Global Corporation refers to...
    a corporation that has a presence in every continent and engage in international business related to manufacturing, production, and/or sales
  16. An example of a global corporation is...
    Chase Manhattan Bank
  17. Union refers to...
    a formal organization which engages in collective bargaining for its members
  18. Membership in unions has been in a steady...
    decline since a high of 24.7% in 1955 to a low of 12.3% in 2009
  19. What is the percentage of companies with unions?
    10 percent
  20. What year did unions become legal?
    1930s
  21. Examples of unions are...
    • UFCCCD is the union for faculty at Contra Costa County
    • SEIU is the union for social workers at Alameda County Social Services Agency

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