1.05 Crossword

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Across
  1. 3. A form of business ownership that is owned by stockholders who have purchased units or shares of the company
  2. 8. Requirement that business owners be responsible for paying business debt; personal assets can be used to pay the debt
  3. 10. Anything of value that a business or individual owns
  4. 11. A contractual agreement between a parent company and a franchisee to distribute goods or services
  5. 13. A business owned by one person who receives all the profits from the business and takes all the risks
  6. 15. A type of partnership agreement in which at least one partner has limited liability and a general partner has unlimited liability
Down
  1. 1. A hybrid form of business ownership in which members of a business experience limited liability and taxation; the business entity has a limited life span
  2. 2. Restricted chance of loss; a condition in which business owners risk only the amount of their investment
  3. 4. A type of partnership agreement in which all partners are liable for a business's losses
  4. 5. Anyone who owns stock in a corporation; also known as a stockholder
  5. 6. A parent company and owner of the name or system that is being distributed through a contractual franchising arrangement
  6. 7. One who buys the right to sell the goods or services of the parent company (franchisor)
  7. 9. A legal business structure that primarily operates for the purpose of serving others, not to make a profit
  8. 12. A group of people chosen to govern the activities of a corporation
  9. 14. A form of business ownership in which the business is owned by two or more persons