Economics CH7
Across
- 2. responsibility for debt
- 4. a major disadvantage to partnerships
- 6. application for a license to form a corporation
- 9. a license permitting the formation of a new corporation
- 10. anything of value thAt a borrower can give up if they are unable to pay a loan
- 11. a type of business that is owned collectively by its members
- 12. decision making body of a corporation
- 14. the type of partnership in which partners have equal decision making opportunities
- 19. an enterprise that uses the original company's name to sell goods or services
- 20. the amount of time a business operates
Down
- 1. the type of a partnership in which partners rarely take an active role in business decisions
- 3. a business owned and operated by one person
- 5. a business owned and operated by two or more people
- 7. sold by corporations to raise funds
- 8. certificate issued by a corporation in exchange for money borrowed from an investor
- 13. assigning duties to partners based on their skills
- 15. portions of ownership of a firm
- 16. actual amount of money borrowed from a bondholder
- 17. occurs when one company joins with another
- 18. specifies areas where various types of business activities can be pursued