Ch. 8 Vocabulary

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Across
  1. 1. money and other valuables belonging to an individual or business
  2. 2. a corporation that produces and sells a good or service in more than one country
  3. 3. authorization to opearte a business
  4. 5. a business owned and operated by two or more persons
  5. 6. a certificate of ownership in a corporation
  6. 7. share of earnings given by a franchisee as payment to the franchiser
  7. 8. an organization that functions like a business but not for profit
  8. 9. ownership structure of a company or firm
  9. 14. a merger of three or more unrelated businesses
  10. 15. a business or legal entity owned by stockholders
  11. 16. a license to form a corporation issued by a state government
  12. 18. a type of corporation that sells stock on the open market
  13. 22. laws that designate areas for residential or business use
  14. 25. the portion of corporate profits paid out to stockholders
  15. 26. an agricultural cooperative that helps members sell their products
Down
  1. 1. an agreement between partners that spells out the rights and responsibilites
  2. 4. semi-independent business that pays fees to a parent company
  3. 10. a type of corporation that issues stock to only a few people
  4. 11. a business owned by individuals for shared benefit
  5. 12. a merger of competing firms in the same market of a good or service
  6. 13. a business owned by an individual
  7. 17. payments to employees other than a salary
  8. 19. formal contract that corporations or other entity promising to pay back borrowed money
  9. 20. legal obligation to pay debts
  10. 21. a cooperative that sells to members at reduced prices
  11. 23. a cooperative that provides a service rather than a good
  12. 24. a merger of two firms in different stages of production for the same good or service