Across
- 2. A formal contract to repay borrowed money
- 7. A business owned and managed by a single person
- 8. Products available in the marketplace
- 10. Ownership in a corporation
- 12. The combination of two or more firms involved in different stages of producing the same good or service
- 14. An establishment formed to carry on commercial enterprise
- 16. A business owned and managed by two or more, specialization
- 18. One partner is the general partner and the other is usually "silent", only providing money
- 20. The combination of two or more firms competing the same market with the same good or service
- 22. means that one's personal assets can be seized to pay business debts.
- 23. A semi-independent business that pays fees to a parent company in exchange for the right to sell the product
Down
- 1. Everyone can compete in the marketplace
- 3. Refers to the entity responsible for the day-to-day operating decisions of the business.
- 4. Legally bound to pay debts
- 5. Institution that functions like a business, but does not generate profit
- 6. the owners of the corporation cannot lose more than what they paid for their stock if the corporation fails.
- 9. the death of an owner ends the business and it must be reestablished in the new owner's name(s).
- 11. Happens to a corporation when the company is taxed on its profits and then the shareholders are taxed again on the dividends they earn from the company.
- 13. Makes decisions about Land, Labor and Capital to create a good or service
- 15. A legal entity made up of stockholders
- 17. Corporate profits paid to stockholders
- 19. Combines productive resources to make final goods and services to sell for profit
- 21. Anything of value belonging to you