Across
- 1. formal contract to repay borrowed money and interest on the borrowed money at regular future intervals
- 4. most basic form of corporate ownership, generally with one vote per share for stockholders
- 8. situation in which a firm legally ceases to exist when an owner dies or quits, or a new owner is added; applies to sole proprietorships and partnerships
- 15. 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
- 16. stock of goods held in reserve; includes finished goods waiting to be sold and raw materials to be used in production
- 17. organization that works for its members' interests concerning pay, working hours, health coverage, fringe benefits, and other job-related matters
- 19. places where entrepreneurs can receive the training and other assistance to build a successful start-up business
- 21. union nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services
- 23. report showing a business's sales, expenses, and profits for a certain period, usually three months or a year
- 26. form of stock with no voting privileges; has a higher claim on corporate income and assets than does common stock
- 28. nonprofit organization of local businesses whose purpose is to promote their interests
- 29. total amount of new funds the business generates from operations; broadest measure of profits for a firm because it includes both net income and noncash charges
- 32. economic institution that operates like a business but does not seek financial gain; schools, churches, and community-service organizations are examples
- 33. creator and owner of the business model that is rented or leased by investors
- 34. payment made for the use of borrowed money; usually paid at periodic intervals for long-term bonds or loans
- 35. 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
- 37. person that invests in the business model of the franchisor with his or her own money and start-up costs
- 38. corporation producing and selling without regard to national boundaries and whose business activities are located in several different countries
- 39. informal and usually affluent investors who provide funds to less-promising start-ups
- 40. requirement that an owner is personally and fully responsible for all losses and debts of a business; applies to proprietorships, and general partnerships
Down
- 2. measure of business profits determined by subtracting all expenses, including taxes, from revenues
- 3. nonprofit association performing some kind of economic activity for the benefit of its members
- 5. form of partnership where one or more partners are not active in the daily running of the business, and whose liability for the partnership's debt is restricted to the amount invested in the business
- 6. combination of firms involved in different steps of manufacturing, marketing, or sales
- 7. form of partnership where all partners are jointly responsible for management and debts
- 9. written government approval to establish a corporation; includes company name, address, purpose of business, number of shares of stock, and other features of the business
- 10. feature of taxation that allows stockholders' dividends to be taxed both as corporate profit and as personal income
- 11. firm with four or more businesses making unrelated products, with no single business responsible for a majority of its sales
- 12. check paid to stockholders, usually quarterly, representing a portion of corporate profits
- 13. process of negotiating between union and management representatives over pay, benefits, and job-related matters
- 14. business investment that involves renting or leasing another successful business model
- 18. provider of investment funds to a start-up business in exchange for partial ownership of the business
- 20. business-sponsored nonprofit organization providing information on local companies to consumers
- 22. certificate of ownership in a corporation; can be either common or preferred stock
- 24. 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, and to sue and be sued
- 25. using social networking to appeal to potential investors
- 27. combination of firms producing the same kind of product
- 30. people who own a share or shares of stock in a corporation; same as shareholders
- 31. gradual wear on capital goods
- 36. amount borrowed when getting a loan or issuing a bond