Business Organizations

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Across
  1. 1. A business owned by one person.
  2. 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.
  3. 5. When the owner leaves, the new owners will gain shares in the business and operations will continue uninterrupted
  4. 7. An institution that functions like a business organization, but does not operate for profits.
  5. 8. A legal obligation to pay debt.
  6. 9. The business owners are only responsible to pay as much as they own stock in the business.
Down
  1. 2. Business with two or more owners
  2. 3. The business owners business are personally responsible to pay any debt the business owes.
  3. 6. A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
  4. 10. A business will close or change drastically when the owner leaves.