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