Business Organizations

3. a company that is legally separate from its owners, the stockholders, and is chartered by a state or federal government
5. These mergers involve buying up companies within the same industry
7. anything of value that can be used to pay back a loan
11. Because a corporation can sue, be sued, borrow money, and entering into contracts, it is sometimes referred to as an "_____________________"
13. a type of partnership where one owner dominates the management of the business and the other provides financial backing and is largely "silent"
14. a type of partnership where both owners perform specific duties and share responsibilties
15. A semi-independent business that relies on the built in brand recognition of a major corporation
16. A percentage of the profits that a franchisee pays to the parent company
17. a loan taken out by a corporation to finance a venture
19. a share of ownership in a company

1. A sole ___________ is the most common type of business organization; roughly 70% of all businesses
2. A type of corporation that owns multiple companies across a wide variety of industries
4. These mergers involve buying companies at different stages of production
6. a business arrangement with 2 or more owners
8. legal responsibility to pay back debts
9. A partnership ____________ is a legal document outlining the roles and responsibilities of the owners of the company
10. Corporations have the ability to raise funds by "______________________" where they sell stock to the general population.
12. The combination of two or more businesses
18. A percentage of the profits that is paid to the owners of stock in a company