Economics CH7

5. portions of ownership of a firm
10. a type of business that is owned collectively by its members
11. sold by corporations to raise funds
12. specifies areas where various types of business activities can be pursued
13. actual amount of money borrowed from a bondholder
15. a business owned and operated by two or more people
17. the type of a partnership in which partners rarely take an active role in business decisions
18. application for a license to form a corporation
19. certificate issued by a corporation in exchange for money borrowed from an investor

1. the amount of time a business operates
2. a license permitting the formation of a new corporation
3. a major disadvantage to partnerships
4. the type of partnership in which partners have equal decision making opportunities
5. a business owned and operated by one person
6. decision making body of a corporation
7. anything of value thAt a borrower can give up if they are unable to pay a loan
8. an enterprise that uses the original company's name to sell goods or services
9. assigning duties to partners based on their skills
14. occurs when one company joins with another
16. responsibility for debt