Principles of Business

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Across
  1. 2. trader, A business owned and operated by one individual is known as a_______?
  2. 3. ________ owned enterprises are operated by the government (e.g. WASA / T&Tec)
  3. 5. Items such as shells, axe heads, beads etc used for bartering were called________ money
  4. 8. A___________ payment allows the bank to take a fixed sum of money for repayment either every week, fortnight, quarterly or yearly.
  5. 10. __________ liability states that persons are not only liable to lose what they invested but they can also lose their personal assets.
  6. 11. is known as the resources used to start up a business
  7. 12. system of production, distribution and consumption by a society to allocate scarce resources is known as an______.
  8. 15. ________ focuses on one particular job or task and becoming an expert at it.
  9. 16. _________ liability states that a person is only liable to lose only what they have invested.
  10. 18. If all money is standardized or appear to be the same, it is _____________.
  11. 20. _______ of scale is known as large enterprises benefitting from bulk buying at a discounted price.
  12. 23. An ______ takes the risk of starting up a business in hope of making a profit
  13. 24. Trinidad and Tobago exports oil and gas, this type of resource or good used to trade is known as a?
  14. 25. A business consisting of 2-20 individuals ho form themselves into a business unit with the common goal of making a profit is known as which private business type?
Down
  1. 1. is known as assets held by the bank in the event that a debtor fails to repay a loan.
  2. 4. ______ undertaking is a type of public sector such as, sport centres, community centres, bus services etc.
  3. 6. draft, A cheque drawn upon the bank itself rather from the customer’s account is known as a?
  4. 7. Which type of service allows for person to person contact?
  5. 9. of goods, Which disadvantage of barter made goods difficult to divide because of its exchange rate?
  6. 13. __________ refers to the buying and selling of goods and services through the internet.
  7. 14. Which type of service does not allow person to person contact?
  8. 17. is the exchange between goods and services without the use of money
  9. 19. is an item that is willingly accepted in exchanged for goods and services.
  10. 21. Money is hard to obtain because it is _____?
  11. 22. A________ is any situation that brings buyers and sellers together for the purpose of exchange.