Forms Of Ownership

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Across
  1. 3. all parties who have an interest in the business, such as managers,employees,customers and the government
  2. 7. an organisation that is formed by a group of people who agree to work together and pool their resources so that they can be more economically effective
  3. 9. profit from the sale of property or an investment
  4. 12. process where an organisation's accounts are checked to make sure its financial operations are honest and above board
  5. 13. shareholders liability is limited to the extent of their investment in the business
  6. 16. profits of a business can either be taxed according to the progressive tax system or at a fixed tax rate, depending on the form of ownership
  7. 17. to bring a business to an end
  8. 19. has one or more directors
  9. 21. deducting from income within the boundaries of the law
  10. 23. the portion of the companies profit that is distributed to shareholders
  11. 25. an agreement between two or more people who combine capital, Labour and resources towards a common goal usually profit
  12. 28. the action of carrying out the four main management tasks:planning, organising,
  13. 29. a written acknowledgement of a long-term loan taken by a company
  14. 30. a thing that motivates or encourages someone to do something
Down
  1. 1. an owner of shares in a company
  2. 2. money taken from your bank account
  3. 4. a formal written agreement between two or more people that says what each must do for the other
  4. 5. can have a minimum of one and a maximum of ten members who share a common goal
  5. 6. shared responsibility for all debts
  6. 8. shares
  7. 10. a meeting that happens once a year, attended by all stakeholders
  8. 11. the legal duties of directors which must be completed as needed in order to act in the best interests of the company
  9. 14. shareholders have limited liability
  10. 15. illegal ways of deducting from income to pay less tax
  11. 18. money owed, debt or obligation
  12. 20. only one owner who takes responsibility for all capital needed- provides own capital and can also borrow capital
  13. 22. to buy financial products or other assets in order to make income
  14. 24. when a business is seen as a person
  15. 26. part ownership in a company
  16. 27. the collection and completion of forms and procedures for approval for something