Chapter 2 key terms

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