NEC

2. A business that operates primarily to generate profit.
8. A type of company formed by two or more individuals, each with a specific share of the business.
9. The act of assessing and managing financial risks.
10. The total cost incurred in producing a product or service.
11. The total sum of money a company receives from its business activities before expenses.
12. A type of funding where an investor provides capital in exchange for a percentage of ownership in the company.
17. The formal, legal ownership of a business entity.
19. The legal right to exclude others from using or making a specific product or idea for a given period.

1. The ability of a company to repay its financial obligations as they come due.
3. A document used by a business to persuade potential investors or partners to get involved with the company.
4. A type of business where the owner is responsible for all debts and liabilities.
5. The allocation of resources in a business to produce goods and services.
6. A financial arrangement where a company borrows money from investors in exchange for periodic interest payments.
7. The act of purchasing raw materials to produce a finished good.
13. A financial statement showing the company’s assets, liabilities, and shareholder equity.
14. The business structure where the business is treated as a separate entity, distinct from its owners, and limited liability is provided.
15. A situation in which a company is unable to pay its debts as they come due.
16. The percentage of ownership held by an individual in a company.
18. A financial institution that provides loans and financial services to entrepreneurs.