chapter 3 vocab

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Across
  1. 2. The amount borrowed isknown as the
  2. 4. the funds left over after all of the firm’s expenses
  3. 7. a report showing a business’s sales, expenses, net income, and cash flows for a period of time
  4. 8. partnership at least one partner is not active in the daily running of the business
  5. 9. a business owned and run by a single individual. Because proprietorships are basically one-person operations
  6. 11. a later date
  7. 12. While the money is borrowed, the corporation pays
  8. 15. When companies involved in different stages of manufacturing or marketing join together
  9. 16. companies involved in different stages of manufacturing or marketing join together
  10. 19. takes place when firms that produce the same kind of product join force
  11. 20. most common form of partnership
  12. 23. or ownership certificates in the firm
  13. 25. by two or more persons
  14. 26. a form of business organization recognized by law as a separate legal entity with all the rights of an individual
  15. 27. represents basic ownership of a corporation
Down
  1. 1. written promise to repay the amount borrowed
  2. 3. a business that is jointly
  3. 5. a firm that has at least four businesses
  4. 6. the main disadvantage of a proprietorship is that the owner of the business has
  5. 10. check that transfers a portion of the corporate earnings
  6. 13. shares are sold to investors
  7. 14. a government document that gives permission to create a corporation
  8. 17. a corporation that has manufacturing or service operations in a number of different countries
  9. 18. represents nonvotingownership shares of the corporation
  10. 21. goods and parts in reserve
  11. 22. sum of net income and noncash charges
  12. 24. a noncash charge the firm takes for the general wear and tear on its capital goods.