C10 Managing the Form of Business Ownership

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Across
  1. 2. When each partner is personally liable for all the debts incurred by the partnership
  2. 5. Ruling body of a corporation
  3. 8. Top executives who are hired to manage the business
  4. 9. An employee who is given funds and freedom to create a special unit or department within a company in order to develop a new product, process, or service
  5. 13. A written agreement between two or more people identifying how the partners will add capital, labor, or other assets and divide any profits
  6. 16. Agreement among two or more businesses to work together to provide a good or service
  7. 17. A partnership in which each partner's liability is limited to his or her investment in the partnership
  8. 18. Owners of a corporation
  9. 20. Business owned and managed by one person
  10. 22. Corporation that offers its shares of stock for public sale
Down
  1. 1. Special type of corporation allowed by states that is taxed as if it were a sole proprietorships or partnership
  2. 3. Corporation that does not offer its shares of stock for public sale
  3. 4. Partnership with at least one general partner who has unlimited liability and at least one limited partner who liability is limited to his or her investment
  4. 6. Business owned by a group of people and authorized by the state in which it is located to act as though it were a single person, separate from its owners
  5. 7. dilemma Situation when an agent, or someone who works for another, pursues their own interest over their employers
  6. 10. Organization that does not pay taxes and does not exist to make a profit
  7. 11. Official document through which a state grants the power to operate as a corporation
  8. 12. Business owned and operated by its user-members for the purpose of supplying themselves with goods and services
  9. 14. Person or business to whom money is owed
  10. 15. Business that is important to society but lacks the profit potential to attract private investors and is often operated by local, state, or federal government
  11. 19. Business owned by two or more people
  12. 21. Person who owns and manages a business and often performs the day-to-day tasks with the help of hired employees