Chapter 4 Business

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Across
  1. 4. A partnership established for a specific project or for a limited time
  2. 6. A group of individuals elected by the stockholders to oversee the general operation of the corporation, who set the corporation’s long-range objectives
  3. 10. A legal document that the state issues to a company based on information the company provides in the articles of incorporation.
  4. 14. A partnership that involves a complete sharing in both the management and the liability of the business
  5. 17. Corporations that focus on providing a service rather than earning a profit but are now owned by a government entity
  6. 19. An organization composed of individuals or small businesses that have banded together to reap the benefits of a belonging to a larger organization
  7. 21. Corporation taxed as though it were a partnership with restrictions on shareholders
  8. 22. A form of business organization defined by the Uniform Partnership Act as “an association of two or more persons who carry on as co-owners of a business for profit.”
  9. 24. The purchase of one company by another, usually by buying its stock
Down
  1. 1. Form of ownership that provides limited liability and taxation like a partnership but places fewer restrictions on members
  2. 2. Business owned and operated by one individual; the most common form of business organization in the United States
  3. 3. Selling a corporation’s stock on public markets for the first time
  4. 5. Legal documents that set forth the basic agreement between partners
  5. 7. A special type of stock whose owners, though not generally having a say in running the company, have a claim to profit before other stockholders
  6. 8. The combination of two companies (Usually corporations) to form a new company
  7. 9. Corporations owned and operated by the federal state, or local government
  8. 11. A purchase in which a group of investors borrows money from banks and other institutions to acquire a company (or a division of one), using the assets of the purchased company to guarantee repayment of the loan
  9. 12. Stock whose owners have voting rights in the corporation, yet do not receive preferential treatment regarding dividends.
  10. 13. A corporation owned by just one or a few people who are closely involved in managing the business
  11. 15. A corporation whose stock anyone may buy, sell or trade
  12. 16. A business organization that has at least one general partner , who assumes unlimited liability and at least one limited partner, whose liability is limited to his or her investment in the business
  13. 18. A legal entity, created by the state, whose assets and liabilities are separate from its owners
  14. 20. Shares of a corporation that may be bought or sold
  15. 23. Profits of a corporation that are distributed in the form of cash payments to stockholders