Unit 1.1

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Across
  1. 2. Liability Company (LLC) – A business organization similar to a partnership but offering its owners the advantage of limited financial liability.
  2. 6. – An individual or business that sells goods to consumers and end users.
  3. 8. and Development (R&D) – A part of the value chain, after determining trends in consumer preferences, that create innovative new processes, products, and solutions to solve problems.
  4. 9. – A part of the value chain, raw materials needed for end products are produced. Crops are grown, livestock is raised, oil is drilled and coal is mined.
  5. 10. – Physical or financial property that has value and is owned by a business or individual.
  6. 11. – An individual or business that grows crops or raises livestock.
  7. 14. Service, & Support – A part of the value chain, advertising, and marketing are used to inform consumers of their purchase options and lead them to stores.
  8. 16. –An intangible item, something that is not physically touched or stored, that is traded. These are efforts and talents by individuals, such as mechanical work, consulting, logistics, public relations, and maintenance tasks that often contribute to or supports another business activity.
  9. 19. –A part of the value chain, products like seed, machinery, and data analysis are just some of the things needed to carry out the duties of the rest of the chain.
  10. 23. – Item purchased to carry out a farm’s operation. These include fertilizers, pesticides, seeds, fuel, and animal feed.
  11. 25. – The exchange of goods and services in the agriculture, food, and natural resource system.
  12. 26. – The property, items, and equipment owned, including all parcels of land in the United States.
  13. 27. – Business organization in which profits are distributed as patronage refunds and all members have a single vote.
  14. 28. – A person, partnership, or corporation engaged in commerce, manufacturing, or a service; profit-seeking enterprise or concern.
  15. 29. – An article or substance that is manufactured or refined for sale.
  16. 30. – Things that you must have to live a safe and healthy life.
  17. 33. – Financial obligation (debt) that must be paid at some future time.
Down
  1. 1. – A unit of stocks traded by a corporation that shows ownership.
  2. 3. – An individual or business that moves goods from one location to another. These could include trucking, rail, boat, air, or other methods of transit.
  3. 4. – Two or more persons as co-owners of a profit-making business. The co-owners of a partnership are participating in management, sharing profits, sharing losses, owning assets together, a single joint bank account, and a single set of records.
  4. 5. – A business organization in which the owners have shares in a separate legal entity that itself can own assets and borrow money.
  5. 7. – The science of the production, distribution, and consumption of goods and services
  6. 12. – Online and electronic business accounting similar to paper-based systems of accounting.
  7. 13. – A person or organization that uses a commodity or service. The final step of the value chain.
  8. 15. chain – A channel of distribution beginning with the supplier of materials or components, extending through a manufacturing process to the distributor.
  9. 17. product – A part of the value chain, food, fuel, fiber, lumber or pharmaceuticals is ready, it is stocked for public use.
  10. 18. – Wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
  11. 20. structure – Arrange how owners share assets, income, debts, and liabilities across owners
  12. 21. – An individual or business that advertises, markets, and promotes a product or service.
  13. 22. – The monetary payment received for goods or services or other sources, such as rents or investments.
  14. 24. – Documenting and entering data in ledgers, journals, or files. Often used to detail financial transactions.
  15. 29. – An individual or business that changes the form of a commodity or ingredient by mechanical or chemical methods or combining items to create a product of increased usefulness or value.
  16. 31. – Something that is owed or that one is bound to pay or perform for another.
  17. 32. proprietorship – Simplest, oldest, and most common form of business ownership in which only one individual has all the benefits and risks of running an enterprise. In a sole proprietorship, there is no legal distinction between the assets and liabilities of a business and those of its owner.