Chapter 7 Business Organizations

5. a form of partnership in which some members, called limited partners, invest money but take no part in management.
6. a document that a government issues to grant certain rights and impose certain restrictions on a bank or corporation.
8. an organization that generates revenue from product sales or donations but does not distribute the profits to any owner or trustee.
9. A business that is owned and managed by one person.
12. a person or business's legally enforceable responsibility.
14. a corporation made up of various businesses that produce the same or similar goods and services.
15. a business that is owned collectively by those who use its goods or services.
17. the amount of money that is borrowed.
19. a partnership in which all members have equal authority and share equally in the business’s profits and losses.
22. a business that pays another established business to use the latter's name and product line.
25. a share of ownership in a corporation.
26. a business that another company either owns or in which it has a controlling interest.
27. a document representing a loan made by an investor to a corporation.
28. the financial return gained by investing or lending capital.

1. a share of ownership in a corporation; grants dividends and a voice in corporate management to the shareholder.
2. a stockholder's portion of a corporation's profit.
3. the smallest unit of ownership in a corporation.
4. a corporation made up of various businesses involved in different stages of the production process of the same good or service.
7. an application to form a new corporation.
10. a business owned and controlled by two or more people who share in its profits and are responsible for its losses.
11. a business in which a group of owners called stockholders share in the profits and losses.
13. duration of a firm's life.
16. property pledged by a borrower security for a loan.
18. a panel elected by the stockholders of a corporation to establish its policies and overall direction.
20. a share of ownership in a corporation.
21. a corporation made up of several companies involved in different industries and markets.
23. the joining of two or more businesses under a single ownership.
24. a law governing what types of structures and businesses are allowed in a particular area.