Ch 6.2 Quiz

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Across
  1. 1. is the movement of money into and out of a business
  2. 8. projects revenues and expenses to show whether the business is profitable
  3. 11. refers to the way a business is financed
  4. 12. reports assets, liabilities, and net worth of the business
  5. 13. is a sentence describing the purpose of the business
  6. 14. is capital brought into the business in exchange for a percent of ownership in the business
  7. 15. is a written statement of goals and objectives for a business with a strategy to achieve them
  8. 16. are the property or items of value a business owns.
Down
  1. 1. Are financial statements based on estimates of future businesses
  2. 2. reports anticipated flow of income and expenses for the business
  3. 3. is borrowing money that must be repaid for use in the business
  4. 4. is money invested in a business by investors who form partnerships or groups to pool investments
  5. 5. is all the people and organizations that might purchase a product
  6. 6. are private investors who fund start-up businesses
  7. 7. is gathering and analyzing information about a business
  8. 9. is an asset pledged that will be claimed by the lender if the loan is not repaid.
  9. 10. is the money necessary to start and open a business