Nature of a Business (Group 4)

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Across
  1. 3. A legal document signed by two or more persons to create a business.
  2. 6. This governs the company’s relationship with the outside world.
  3. 8. When total revenue of a business exceeds total cost.
  4. 11. Order This is a printed order for payment of a specified sum and facilitated by a bank.
  5. 12. These are long term loans which carry a fixed rate of interest.
  6. 13. Within this business unit, if the business becomes bankrupt, the owner may have to use his/her personal resources to cover the debts.
  7. 15. partner A person who provides for a business but isn’t an active member.
Down
  1. 1. Products that can not be touched.
  2. 2. This is a type of certificate that allows a company to do business and exercise borrowing powers.
  3. 4. This is type of business where a firm enters into a contract with the franchisor to operate under the franchisors
  4. 5. In these types of shares the dividends is calculated using the amount invested to purchase the shares
  5. 7. This is a type of business that is incorporated and is owned/controlled by groups with special interest
  6. 9. Thiis a facility provided by banks that enables their customers to use the telephone.
  7. 10. An invitation for the public to buy shares in a public limited company.
  8. 14. Exchange of goods and services without money.