Across
- 3. a business organization owned and operated by a group of individuals for their shared benefit
- 5. a type of business with limited liability for the owners, with the advantage of not paying corporate income tax
- 7. the merger of two or more firms involved in different stages of producing the same good or service
- 10. authorization to operate a business issued by a local government
- 11. a type of partnership in which only one partner is required to be a general partner, while other partners have limited responsibilities
- 13. a type of corporation that issues stock to only a few people, who are often family members
- 14. the share of earnings given by a franchisee as payment to the franchiser
- 16. laws in a city or town that designate certain areas, or zones, for residential and business use
- 17. the money and other valuables belonging to an individual or business
- 19. a type of cooperative that provides a service rather than a good
- 20. an agricultural marketing cooperative that helps members sell their products
- 24. a type of corporation that sells stock on the open market
- 27. an institution that functions much like a business but does not operate for the purpose of making a profit
- 28. a business owned and managed by a single individual
- 29. business organization owned by two or more persons who agree on a specific division of responsibilities and profits
- 30. the legal obligation to pay debts
- 31. a nonprofit organization that works to improve the image, working conditions, and skill levels of people in particular occupations
Down
- 1. a license to form a corporation issued by a state government
- 2. a partnership agreement that spells out each partner’s rights and responsibilities
- 4. a semi-independent business that pays fees to a parent company in return for the exclusive right to sell a certain product or service in a given area
- 6. the combination of two or more firms competing in the same market with the same good or service
- 8. the ownership structure of a company or firm
- 9. a business combination merging more than three businesses that produce unrelated products or services
- 12. the portion of corporate profits paid out to stockholders
- 15. a type of partnership in which all partners are limited partners
- 18. a legal entity, or being, owned by individual stockholders, each of whom has limited liability for the firm’s debts
- 21. a certificate of ownership in a corporation
- 22. a type of partnership in which all partners share equally in both responsibility and liability
- 23. a retail outlet owned and operated by consumers that sells merchandise to members at reduced prices
- 25. a formal contract issued by a corporation or other entity that includes a promise to repay borrowed money with interest at fixed intervals
- 26. payments to employees other than wages or salary