ch 2 -key terms

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Across
  1. 3. A business owned and operated by the provincial or federal government
  2. 5. A business operating in or involving several nations. Also known as a transnational
  3. 7. A business that buys goods and resells them to consumers
  4. 12. The parent company who grants the franchise and provides goods and/or services to the franchises
  5. 16. The part of a corporation’s profit after taxes that each shareholder receives
  6. 17. The formal name for a city or town
  7. 21. Borrowing money to finance operations of the business
  8. 24. A unit of ownership in a corporation A business owned by, but existing separately from, its shareholders
  9. 25. A group of individuals who run a corporation or co-operative and make decisions on behalf of the shareholders
  10. 26. A business directly owned by one person who receives all profits and is responsible for all liabilities
  11. 27. 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
  12. 28. A business owned by, but existing separately from, its shareholders
  13. 29. A unit of ownership in a corporation
  14. 30. A corporation with many shareholders, whose shares can be bought and sold on a stock exchange
Down
  1. 1. The legal document that establishes a partnership and each partner’s responsibilities
  2. 2. A business project that matches the skills of two individuals or businesses for mutual benefit
  3. 4. Responsibility for claims against the business that goes beyond the amount invested in the business and extends to one’s personal assets
  4. 6. 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
  5. 8. An agreement between businesses to commit resources to achieve a common set of objectives
  6. 9. A business owned by members who utilize the goods and services offered
  7. 10. A corporation owned by a small number of shareholders
  8. 11. A business that produces goods for sale
  9. 13. A process whereby one company combines with or takes over the ownership of one or more other companies
  10. 14. A business that provides a service to satisfy the needs or wants of consumers
  11. 15. An organization, often a charitable organization, that does not seek to make a profit from the operations of the business
  12. 18. A business with two or more owners who share the responsibilities and profits/losses
  13. 19. A person who runs a franchise operation and is under contract, or licensing agreement, with the franchiser
  14. 20. Raising money using the owner’s resources or money from investors
  15. 22. A partnership in which the liability of each partner is limited to the amount of his or her investment
  16. 23. A person who owns shares in a corporation; also called a stockholder