2.  1. Promoters and Prospectus  2. Articles of Incorporation  3. Corporate Charter  4. Organizational Meeting

3.  Board of Directors  By-laws  Fixed cost  Variable cost  Total cost  Average total cost (per unit)

4. Stockholde rs Board of Directors SecretaryPresident (CEO) Treasure r (CFO) Vice Pres.Vice PresVice Pres. Dept. Heads All Other Employees

5.  Cooperatives  Franchises

6.  To use resources to increase profits  Use two principles  1. engage in open and free competition  2. not deceive or commit fraud

7.  Fixed costs-same every month- Rent  Variable Cost- changes each month- labor  Average Total Cost- cost per unit  Toy p. 158