Across
- 2. a business owned by one person who operates it for his or her own profit
- 4. science and art of managing money
- 7. a business owned by two or more people and operated for profit
- 9. firm’s chief accountant, who is responsible for the firm’s accounting activities, such as corporate accounting, tax management, financial accounting, and cost accounting
- 10. lowest price at which a security is offered for sale
- 12. the process of pooling mortgages or other types of loans and then selling claims or securities against that pool in the secondary market
- 15. a variety of interesting career opportunities within the areas of banking, personal financial planning, investments, real estate, and insurance
- 16. firm’s chief financial manager, who manages the firm’s cash, oversees its pension plans, and manages key risks
- 18. duties of the financial manager in a business
- 19. a legal provision that limits stockholders’ liability for a corporation’s debt to the amount they initially invested in the firm by purchasing stock
- 20. actively manages the financial affairs of all types of businesses, whether private or public, large or small, profit seeking or nonprofit
Down
- 1. highest price offered to purchase a security
- 3. owners of a corporation, whose ownership, or equity, takes the form of common stock or, less frequently, preferred stock
- 5. an entity created by law
- 6. groups such as employees, customers, suppliers, creditors, owners, and others who have a direct economic link to the firm
- 8. with the liabilities of the business being the entrepreneur’s responsibility, creditors can make claims against the entrepreneur’s personal assets if the business fails to pay its debts
- 11. periodic distributions of cash to the stockholders of a firm
- 13. the chance that actual outcomes may differ from those expected
- 14. the purest and most basic form of corporate ownership
- 17. the amount by which the sale price of an asset exceeds the asset’s purchase price