Business 10 Chapter 2 Crossword

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Across
  1. 4. the responsibility for paying all the debts, or liabilities, of the business.
  2. 7. a legal entity that exists independently of its owners.
  3. 8. a corporation that can have up to 50 shareholders and its shares are not offered to the public.
  4. 12. the duty to care for others whose actions can be affected in a damaging way.
  5. 15. also called, co-ops, are business owned and operated by a group of people with a strong common interest.
  6. 16. the people who buy shares in a company.
  7. 17. shareholders are only liable for the company's debts to the extent of their financial involvement.
Down
  1. 1. doing business internationally.
  2. 2. a corporation that does not have restrictions on its number of shareholders. Its shares can be sold to the general public.
  3. 3. a corporation that is not organized to make a profit. Its purpose is to undertake fund-raising, to do research, or to lobby for a particular cause in order to help people.
  4. 5. the practice of a franchisor sells to another person, known as the franchisee, the rights to use the business name and to sell a product or service in a give territory.
  5. 6. a business owned and operated by one person.
  6. 9. standards of conduct that society believes people should follow.
  7. 10. part time small business that are being operated from homes.
  8. 11. a form of business organization in which two or more people own and operate the business together.
  9. 13. a corporation that is owned by federal, provincial, or municipal governments. Its function is usually to provide a special service to the public.
  10. 14. business that is independently operated, not dominant in its field, and meets certain size limits in terms of employees and annual sales.