LESSON 4-1 REVIEW

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Across
  1. 5. a corporation whose stock is owned by relatively few people and is not sold to the general public
  2. 6. a voluntary association of two or more persons to act as co-owners of a business for profit
  3. 7. an agreement listing and explaining the terms of the partnership
  4. 9. an artificial person created by law with most of the legal rights of a real person
  5. 11. a legal concept that holds a business owner personally responsible for all the debts of the business
  6. 12. a business that is owned (and usually operated) by one person
  7. 14. a corporation in any state in which it does business except the one in which it is incorporated
Down
  1. 1. a corporation chartered by a foreign government and conducting business in the United States
  2. 2. a person who owns a corporation’s stock
  3. 3. a corporation in the state in which it is incorporated
  4. 4. a corporation whose stock can be bought and sold by any individual
  5. 8. a person who assumes ful or shared responsibility for operating a business
  6. 9. stock owned by individuals or firms who may vote on corporate matters but whose claims on profits and assets are subordinate to the claims of othersp
  7. 10. a person who invests money in a business but has no management responsibility or liability for losses beyond the amount he or she invested in the partnership
  8. 13. the shares of ownership of a corporation