Across
- 2. shows when a company expects cash coming into the business and cash paid out
- 6. promise made by the manufacturer concerning the performance or quality of a product or service
- 8. the monetary funds invested in a project
- 10. Capital money raised from within the company or by selling part of the company interest
- 11. a projection of what it will cost for the first year of operation
- 13. business organization with a single owner and operator of a business; no partners or shareholders
- 17. insurance which covers replacement costs and loss of income
- 19. Capital money raised by borrowing money to be repaid later
- 21. risks occurring from fluctuations in business conditions such as competition,inflation,recession or government policies
- 25. business granted a charter recognizing it as a separate legal entity having its own rights, privileges and liabilities distinct from those of its members
- 27. debts expected to be paid off within the year
- 29. an agreement to operate a business in the name of an established company
- 30. debts not expected to be paid off within the year
- 31. partners share in the profits and losses of the business; both are equally liable for company debts
- 32. formal proposal providing detailed descriptions of a new business to potential investors and lenders
Down
- 1. costs which will not be repeated after a business is operating
- 3. partners have an unequal share and liability in the business; they are responsible only for the amount they invested
- 4. Insurance insurance which covers the owners or managers of a business; owners of a business are usually required to have life insurance before they qualify for a loan
- 5. insurance which will usually cover expenses when businesses, individuals and products are found liable because of injury or other damage
- 7. net worth; assets minus liabilities
- 9. assets used over a long period to operate the business
- 12. risks occurring from natural disasters such as floods, droughts and tornadoes
- 14. legal agreement between two or more people to be responsible for a business
- 15. summary of your current personal financial condition
- 16. a member-only cooperative created by labor unions or groups of employees
- 18. process of starting your own business
- 20. contract between a business and an insurance company covering a certain business risk
- 22. the summary of a business’s assets, liabilities and equity
- 23. costs which must be paid throughout the business life
- 24. risks occurring because of human errors and the unpredictable nature of employees and the work environment
- 26. process of analyzing exposure to risk and determining how to best handle such exposure
- 28. assets expected to convert to money within the year