Types of Ownership

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Across
  1. 4. ____ money is a substance or device used as money, having no intrinsic or representational value
  2. 5. ____ proprietorship has unlimited liability
  3. 6. the science of decision making about the allocation of scarce resources
  4. 9. name of owner for corporation
  5. 10. a person doing the activity necessary
  6. 11. a general, sustained upward movement of prices for goods and services in an economy
  7. 12. name of owner for sole proprietorship
  8. 14. liability in which owner’s assets and personal savings are at risk
  9. 15. liability in which only owner’s business is at risk
Down
  1. 1. ownership that lasts forever and is easiest to raise capital
  2. 2. anything widely accepted in exchange for goods and services
  3. 3. requires a new agreement to change partners
  4. 7. corporate ____ is the legal document for corporations
  5. 8. name of owner for limited-liability corporation
  6. 13. name of owner for partnership