Chapter 6: Business

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Across
  1. 2. A franchise relationship allows others to operate their businesses using resources and supplies in exchange for money and other considerations
  2. 3. A voluntary agreement under which two or more people act as co-owners of a business for profit
  3. 8. When businesses are formed as sole proprietorships or business
  4. 12. Includes at least one general partner who actively manages the company and accepts unlimited liability
  5. 13. An owner of a corporation
  6. 14. Detailed description of all aspects of a franchise that the franchisor must provide to the franchisee at least 14 calendar days before the franchise agreement is signed
Down
  1. 1. A form of business ownership in which the business is considered a legal entity that is separate and distinct from its owner
  2. 4. It does not seek to earn a profit and differs in several fundamental respects
  3. 5. Restructuring occurs when two formerly independent business entities combine to form a new organization
  4. 6. A form of business ownership with a single owner who usually actively manages the company
  5. 7. Individuals who are stockholders of a corporation elect to represent their interest
  6. 9. A form of partnership in which all partners have the to participate in management
  7. 10. A form of business ownership that offers both limited liability to its owners and flexible tax treatment
  8. 11. When owners are not personally liable for claims against their firm. Owners with limited liability may lose their investments in the company