Business Vocabulary Unit 2

4. A legal business entity that exists independently of its owners
5. Does not have restrictions on its number of shareholders
7. Businesses owned and operated by a group of people with strong common interest
8. Standards of conduct that society believes people should follow
9. A business that is independently operated, not dominant in its field, and meets certain size limits in terms of employees and annual sales
11. A legal business entity that is not organized to make a profit. Purpose is to undertake fundraising, do research, or lobby for a cause in order to help people
12. The extent to which shareholders are responsible for a company's debts. It is the same as their financial involvement
13. A form of business owned and operated by one person
14. A person is responsible for paying all debt or liabilities of the business
15. A type of business in which a person bus the right to use a business name and to sell a product or service. The purchaser must follow certain rules in operating the company

1. A legal business entity that exists independently of its owners. Crown indicates that it is owned by a federal, provincial, or municipal government
2. Doing business internationally
3. People who buy stocks in a company and are part owners of the company
5. A legal business entity in which shares are not offered to the public
6. A form of business organization in which two or more people own and operate the business together
9. The duty to care for others whose actions can be affected in a damaging way
10. A business that is being operated from a persons homes