Business Organizations

2. a company that is legally separate from its owners, the stockholders, and is chartered by a state or federal government
5. anything of value that can be used to pay back a loan
7. A percentage of the profits that a franchisee pays to the parent company
9. the combination of two or more businesses
10. a percentage of the profits that is paid to the owners of stock in a company
11. legal responsibility to pay back debts
12. a loan taken out by a corporation to finance a venture
15. A semi-independent business that relies on the built-in brand recognition of a major corporation
16. These mergers involve buying up companies within the same industry
18. a type of partnership where one owner dominates the management of the business and the other provides financial backing and is largely "silent"
19. these mergers involve buying companies at different stages of production

1. corporations have the ability to raise funds by "______________________" where they sell stock to the general population.
3. a partnership ____________ is a legal document outlining the roles and responsibilities of the owners of the company
4. a business arrangement with 2 or more owners
6. Because a corporation can sue, be sued, borrow money, and entering into contracts, it is sometimes referred to as an "_____________________"
8. a sole ___________ is the most common type of business organization; roughly 70% of all businesses
13. a type of corporation that owns multiple companies across a wide variety of industries
14. a share of ownership in a company
17. a type of partnership where both owners perform specific duties and share responsibilities