Business Terms Chapter 2

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Across
  1. 5. Raising money using the owner’s resources or money from investors.
  2. 7. Responsibility for claims against the business that goes beyond the amount invested in the business and extends to one’s personal assets
  3. 10. The name given to a website; a web address.
  4. 15. A business that provides a service to satisfy the needs and wants of consumers.
  5. 16. A corporation owned by a small number of shareholders.
  6. 19. A business owned by, but existing separately from, its shareholders.
  7. 21. People who own shares in a corporation; also called stockholders.
  8. 23. An organization, often a charitable organization, that does not seek to make a profit from the operations of the business.
  9. 26. A place, or site, on the Internet where a business can be established and accessed by consumers.
  10. 27. An agreement between businesses to commit resources to achieve a common set of objectives.
  11. 28. The part of a corporation’s profit after taxes that each shareholder receives.
  12. 30. A business that produces goods for sale.
  13. 32. A group of individuals who run a corporation or co-operative and make decisions on behalf of the shareholders.
  14. 35. A business owned and operated by the provincial or federal government.
  15. 36. Short for “small office, home office,” SOHO are home-based businesses.
  16. 37. A business with 2 or more owners who share the responsibilities and profits/losses.
  17. 38. A business owned by one person, normally referred to as a proprietor.
  18. 39. Units of ownership in a corporation.
Down
  1. 1. Borrowing money to finance operations of the business.
  2. 2. A corporation with many shareholders, whose shares can be bought and sold on a stock exchange.
  3. 3. The money a business receives for the products and/or services it sells or from its investments.
  4. 4. The formal name of a city or town.
  5. 6. A business operating in or involving several nations. Also known as a transnational.
  6. 8. The parent company who grants the franchise and provides goods and/or services to the franchisees.
  7. 9. The legal document that establishes a partnership and each partner’s responsibility.
  8. 11. A process whereby one company combines with or takes over the ownership of one or more other companies.
  9. 12. The most common form of partnership, in which the partners share in responsibility, decision making, and profits. However, the partners have unlimited liability for the debts of the business.
  10. 13. Predicting future conditions.
  11. 14. A partnership in which the liability of each partner is limited to the amount of his or her investment.
  12. 17. A broad measure of a nation's total economic activity.
  13. 18. A business owned by members who use the goods and services offered.
  14. 20. The relocation of some of a company’s operations to another country.
  15. 22. The total value of all goods and services produced in a country during a specific period of time (including items produced by foreign-owned companies).
  16. 24. A restriction on the extent to which the shareholders (owners) of a corporation are personally responsible for its debts, limiting their liability to the amount they originally invested.
  17. 25. A business that buys goods and resells them to consumers.
  18. 29. Visits to the website by people using the Internet.
  19. 31. A business project that matches the skills of 2 individuals or businesses for mutual benefit.
  20. 33. A method of direct distribution that uses the Internet to sell products directly to consumers.
  21. 34. A person who runs a franchise operation and is under contract, or licensing agreement, with the franchiser.