Understanding Characteristics of Business

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Across
  1. 1. is a form of business owned by two or more individuals who share management and profits.
  2. 7. gives the owners full control over management, operations, and business decisions regarding the company; the owners also assume unlimited liability for all company debts.
  3. 9. Stockholders can receive a portion of a corporation’s income, called a
  4. 13. a legally binding contract that establishes a partnership
  5. 14. A business owned and operated by a single individual is called a
  6. 15. is a corporation that requires its owners to file their profits and losses on their personal tax returns.
  7. 16. is a group of individuals who represent stockholders and make high-level policy and management decisions for a corporation.
  8. 17. a share in ownership and a claim to a portion of a corporation’s profits.
  9. 19. is a business owned by stockholders who share in profits and losses
  10. 20. refers to the way a company’s mission relates to its structure.
  11. 21. is a type of ownership that joins elements of a corporation and a partnership.
Down
  1. 2. customers pay an upfront subscription price for a product.
  2. 3. a plan for making a profit in order to operate.
  3. 4. the owner of a company grants another business owner the right to use the owner company’s name
  4. 5. are companies that are created to benefit a public interest.
  5. 6. is an organization that generates income for its owners.
  6. 8. a company provides goods or services for free but later charges for extra features
  7. 10. are rules that explain how business will be conducted by a corporation.
  8. 11. involves at least one general partner who assumes operations control and unlimited liability, as well as one or more limited partners
  9. 12. employees of a business sell a product directly to a consumer.
  10. 18. a document that outlines the procedures for how an LLC will function.