ULIS-IBDP2-HL/SL Subunit 1.2 Type of business entities

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Across
  1. 3. The shares in a publicly held company can be bought and sold by the general public, without prior approval of existing owners.
  2. 5. A type of non-profit organization (NPO) operating in the private sector of the economy for the benefit of others in society (rather than for shareholders).
  3. 8. This means the owner(s) of a business (such as a sole trader or partner) is personally liable for any business debts, even if this requires the debts to be settled by selling off personal assets.
  4. 9. This is a special type of partnership where one or more partners contribute capital and enjoy a share of the profits but do not participate in the running of the business.
  5. 10. A business owned by shareholders with limited liability, but the shares cannot be traded on a public Stock Exchange.
  6. 12. Enables its shareholders (business owners) not to be liable for more than the original amount of money invested in the business.
  7. 13. This means that there is a legal difference between the owners of a company (the shareholders) and the business entity itself.
  8. 15. They do not focus on generating profits for their owners but strive to build and improve communities.
  9. 17. These are for-profit social enterprises owned and run by their members.
  10. 19. A business alliance that typically consists of between 2 and 20 individual owners who are jointly responsible for the business (although this number can vary between countries).
  11. 20. This refers to the financial gain of a non-profit social enterprise or non-profit organization. Unlike profit, this belongs to the organization and is reinvested back in the social enterprise.
Down
  1. 1. An organization which is owned by a single entrepreneur who has exclusive responsibility for the running of the business.
  2. 2. These are for-profit social enterprises that operate as private sector companies offering a financial service to those without a job or on very low incomes.
  3. 4. A legally binding contract that all joint owners of a partnership sign, stating the purpose of the business, the formal rights of the partners, and how any profits should be split.
  4. 6. An organization sells all or part of its business to shareholders on a public stock exchange for the first time.
  5. 7. This refer to businesses that operate for collective or social benefits rather than primarily aiming to generate profits for their owners or shareholders.
  6. 11. The owners of a limited liability company.
  7. 14. This section of the economy is made up of businesses that are owned by individuals or groups of individuals, rather than by the government.
  8. 16. Businesses in this section of the economy are run and owned by the government in order to provide essential services for society as a whole, e.g., education and healthcare services.
  9. 18. Any business organisation that is owned by its shareholders, who have limited liability.