1.2 Types of business entities

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Across
  1. 2. Organizations that apply commercial strategies to improve human or environmental well-being rather than maximizing profits for owners.
  2. 5. Individuals or institutions that own one or more shares in a business, giving them partial ownership and potential profit from dividends.
  3. 11. An organization owned and run jointly by its members, who share the profits or benefits and make decisions democratically.
  4. 12. A business whose ownership is divided into shares that can be freely bought and sold by the public through stock markets.
  5. 15. The first time a business offers its shares for sale to the general public, allowing it to raise capital from investors.
  6. 16. The part of an economy that consists of businesses owned by individuals or groups rather than by the government.
  7. 18. A legal business entity that exists separately from its owners and can own assets, incur debts, and enter contracts in its own name.
  8. 19. Independent bodies, not controlled by governments, that work to promote humanitarian, environmental, or social goals.
Down
  1. 1. A business that aims to earn revenue while also addressing social or environmental objectives.
  2. 3. Entities that operate for social, cultural, or community purposes rather than for financial gain, reinvesting any excess funds into their mission.
  3. 4. A legal document outlining the rights, responsibilities, profit-sharing ratios, and terms agreed upon by individuals who jointly own a business.
  4. 6. A legal protection ensuring that owners are only responsible for debts up to the amount they invested in the business.
  5. 7. Organizations that apply business principles to achieve social aims, using any extra income to further their cause rather than distribute it to owners.
  6. 8. A marketplace where shares and other financial securities are bought and sold by investors.
  7. 9. A situation in which the owner(s) of a business are personally responsible for all its debts, potentially losing personal assets.
  8. 10. A business owned and managed by one individual who is personally responsible for all debts and decisions.
  9. 13. A business whose shares are owned by a small number of individuals and not traded on public stock markets.
  10. 14. The part of the economy that includes organizations owned and operated by the government to provide services to citizens.
  11. 17. A business structure where two or more individuals share ownership, management, profits, and responsibilities.