chapter 3 economics

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Across
  1. 2. B
  2. 4. noncash charge
  3. 8. permission to create a corporation
  4. 9. by two or more persons
  5. 10. smallest fraction of total sales
  6. 13. taxation of corporate profits
  7. 14. price paid for the use of another’s money
  8. 16. firm.
  9. 18. and parts in reserve—to satisfy customers or to keep production flowing
  10. 19. a combination
  11. 20. not active in the daily running
  12. 21. stock of finished
  13. 22. the smallest form of business and have the
  14. 24. —a business owned and run by a single individual.
Down
  1. 1. or ownership certificates in
  2. 3. is a written promise to repay the amount borrowed
  3. 5. stock represents nonvoting
  4. 6. a later date.
  5. 7. the
  6. 10. entity s not recognized as a
  7. 11. stock represents basic ownership of a corporation
  8. 12. shares of the corporation
  9. 15. partnership, at least one partner
  10. 17. legal unlimited liability The main disadvantage of a proprietorship is that the owner of the business has
  11. 22. a government document that
  12. 23. that transfers a portion of the corporate earnings—to each stockholder.