Across
- 3. shares that give owners voting rights but only residual claims to the firm’s assets and income distributions
- 5. written document that provides an orderly statement of a company’s goals, methods, and standards
- 7. merger that combines firms operating at different levels in the production and marketing process
- 8. money invested in a business by another business firm or group of individuals in exchange for an ownership share
- 10. corporation that secures the corporate advantage of limited liability while avoiding the double taxation characteristic of a traditional corporation
- 11. principal government agency concerned with helping small U.S. firms
- 12. firm whose products are sold to customers by the franchisee
- 14. partnership between companies formed for a specific undertaking
- 15. small-business loans often used to buy equipment or operate a business
- 16. shares that give owners limited voting rights, and the right to receive dividends or assets before owners of common stock
- 19. agreement in which two or more firms combine to form one company
Down
- 1. corporations that do not pay corporate taxes on profits; instead, profits are distributed to shareholders, who pay individual income taxes
- 2. local programs designed to provide low-cost shared business facilities to small start-up ventures
- 4. merger that joins firms in the same industry for the purpose of diversification
- 6. owners of a corporation due to their purchase of stock in the corporation
- 9. legal organization with assets and liabilities separate from those of its owner(s)
- 13. agreement in which one firm purchases another
- 16. association of two or more persons who operate a business as co-owners by voluntary legal agreement
- 17. individual or business firm purchasing a franchise
- 18. merger that combines unrelated firms, usually with the goal of diversification