Chapter 10 Managing the Form of Business Ownership

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Across
  1. 2. Corporation that does not offer its shares of stock for public sale.
  2. 3. Official document through which a state grants the power to operate as a corporation.
  3. 5. A written document that describes the nature of the business, the goals and objectives, and how the goals and objectives will be achieved.
  4. 9. When each partner is personally liable for all the debts incurred by the partnership.
  5. 10. Business owned and managed by one person.
  6. 11. A disadvantage for a Corporation due to that dividends are taxed twice.
  7. 12. A written agreement between two or more people identifying how the partners will add capital, labor, or other assets and divide any profits or share any losses.
  8. 13. Owners of a corporation.
  9. 15. Partnership with at least one general partner who has unlimited liability and at least one limited partner whose liability is limited to his or her investment.
  10. 19. Business owned by two or more people.
  11. 20. Business that is important to society but lacks the profit potential to attract private investors and is often operated by local, state, or federal government.
  12. 21. Person who owns and manages a business and often performs the day-to-day tasks with the help of hired employees.
  13. 22. Person or business to whom money is owed.
Down
  1. 1. Ruling body of a corporation.
  2. 4. A patnership in which each partner's liability is limited to his or her investment in the partnership.
  3. 6. Special type of corporation allowed by states that is taxed as if it were a sole proprietorship or partnership.
  4. 7. A top executive who is hired to manage the business.
  5. 8. Business owned and operated by its user-members for the purpose of supplying themselves with goods and services.
  6. 14. Business owned by a group of people and authorized by the state in which it is located to act as though it were a single person, separate from its owners.Its in a sense, an artificial person created by the laws of a state.
  7. 16. An employee who is given funds and freedom to create a special unit or department within a large company in order to develop a new product, process, or service.
  8. 17. Corporation that offers its shares of stock for public sale.
  9. 18. Organization that does not pay taxes and does not exist to make a profit.