Financial Aspects of Business

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Across
  1. 3. Contract between business & insurance company
  2. 5. Management Analyzing exposure to risk
  3. 7. Most complicated form of business
  4. 8. Sheet summary of assets, liabilities & equity
  5. 11. Legal agreement between two or more people
  6. 13. Money raised by borrowing
  7. 14. Operate business in name of established company
  8. 16. Insurance when products cause injury or damage
  9. 17. Risks occurring from competition, inflation
  10. 20. What it will cost for 1st year of operation
  11. 22. Union member-only cooperative
  12. 23. Insurance covers owners or managers
Down
  1. 1. Risks because of human errors
  2. 2. Assets expected to convert to money within year
  3. 4. Process of starting own business
  4. 6. proprietorship No partners or shareholders
  5. 9. Net worth; assets minus liabilities
  6. 10. Cash coming into business & cash paid out
  7. 12. Insurance covers replacement costs & loss of income
  8. 15. Statement summary of current personal financial condition
  9. 18. Risks occurring from floods, droughts, tornadoes
  10. 19. Monetary funds invested in a project
  11. 21. Assets use over long period to operate business