Chapter Two

3. A form of business owned and operated by one person
4. A legal business in which shares are not offered to the public
6. person who sells the rights to the name and product or service of a franchise
7. Written contract between the franchise buyer and seller
8. The extent to which shareholders are responsible for a company's debts
9. doing business internationally
11. A condition in which a person is responsible for paying debt for liabilities of the business
12. A business organization in which two or more people own and operate
14. The duty to care for others whose actions can be affected
16. A business owned and operated by group of people with a common interest
17. Business which a person buys the right to use a business name and sell the product or service
18. A legal business run by government
19. People who buy stocks in a company
20. person who buys a franchise

1. A legal business entity that exists independently of it's owners
2. A legal business that is not organized to make a profit
5. Standard of conduct society believes you should follow
10. Occurs when one company buys another company
12. A legal business that does not have a limit on the number of shareholders
13. Businesses run from home
15. business A business that is independently operated and meets certain size limits