Chapter 3

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Across
  1. 1. combination of firms involved in different
  2. 4. stock of goods held in reserve; includes finished goods waiting to be sold and raw materials to be used in production
  3. 7. nonprofit association performing some kind of
  4. 8. to cease or delay payment on some or all debts
  5. 10. corporation producing and selling without
  6. 13. form of business organization recognized
  7. 16. combination of two or more business enterprises
  8. 18. of manufacturing or marketing
  9. 19. company providing essential services such
  10. 21. government regulations
  11. 22. economic institution that operates
  12. 24. feature of taxation that allows stockholders’ dividends to be taxed both as corporate profit and as personal income
  13. 26. court-granted permission to an individual or
  14. 28. requirement that an owner is personally
  15. 29. community service organizations
  16. 30. combination of two or more firms producing the same kind of product
  17. 34. unincorporated business owned and operated by two or more people who share the profits and have unlimited liability for the debts and obligations of the firm; same as general partnership
  18. 36. to national boundaries and whose business activities
  19. 37. fully responsible for all losses and debts of a business; applies to proprietorships, general partnerships
Down
  1. 2. firm with four or more businesses making
  2. 3. amount borrowed when getting a loan or issuing a bond
  3. 5. located in several different countries
  4. 6. sued
  5. 9. unincorporated business owned and
  6. 11. liability for all debts of the firm; most common form of business organization in the United States
  7. 12. a business but does not seek financial gain; schools,
  8. 14. products, with no single business responsible
  9. 15. of an individual, including the right to
  10. 17. law as a separate legal entity with all the rights and
  11. 20. a majority of its sales
  12. 23. form a single firm
  13. 25. and sell property, enter into legal contracts, sue and
  14. 27. gradual wear on capital goods during
  15. 31. by a single person who has rights to all profits and
  16. 32. check paid to stockholders, usually quarterly, representing portion of corporate profit
  17. 33. water and electricity to consumers, usually subject to
  18. 35. activity for the benefit of its members