Types of business organizations

2. – The financial gain obtained when revenue exceeds expenses.
4. – The situation in which expenses exceed revenue, leading to a financial deficit.
8. – A legal obligation or responsibility, often related to debts.
10. – To control or manage a business, machine, or system.
12. – To try to achieve or accomplish something.
16. – A legal entity that is separate from its owners and has limited liability.
17. – Money that is borrowed and must be repaid.
18. – A business structure in which a single individual owns and operates the business, taking full responsibility for its profits, losses, and liabilities.
19. – To have legal possession or control of something.
20. – An individual or entity that owns shares in a company.

1. – Physical products that are produced and sold.
3. – The act of putting money, time, or effort into something with the expectation of future benefits.
5. – To present or deliver something for review or approval.
6. – A fixed regular payment for work, typically given on a monthly or biweekly basis.
7. – The quality of being persistent and committed to achieving a goal.
9. – The state of being unable to pay debts, often leading to legal financial restructuring.
11. – To give someone the right or claim to something.
13. – A business owned by two or more people who share responsibilities, profits, and losses.
14. – An organization or entity engaged in commercial, industrial, or professional activities.
15. – To supply or make something available.