Chapters 6 and 7 Review

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Across
  1. 3. Corporate restructuring in which one firm buys another.
  2. 4. When owners are not personally liable for claims again the firm this is a __________ liability.
  3. 8. People elected by the stockholders to represent them are the Board Of ________.
  4. 9. A license is granted to someone to run a business using their information and business resources for money.
  5. 10. Type of business with one single owner is a ______ proprietorship.
  6. 13. An owner of a corporation.
  7. 14. A corporation that doesn't seek to earn a profit.
  8. 15. A market _______ is a segment of a market with few competitors.
  9. 16. Two companies combine to form a new business.
Down
  1. 1. A franchisor makes a product and give a license to someone to sell it.
  2. 2. Two or more people act as co-owners of a business.
  3. 5. Firms that invest in start up firms that have the potential for good growth for a share of ownership are ______ capital firms.
  4. 6. A formal document that describes a business concept, has objectives and strategies for a certain timeline.
  5. 7. The type of investor who invests in start-up companies in exchange for a share of ownership is a ______ investor.
  6. 11. A person who risks time and money to start and run a business.
  7. 12. A business that is considered a legal entity separate from its owners.