Across
- 2. a stock of finished goods and parts in reserve
- 4. a business that is jointly owned by two or more persons
- 5. the owner is personally and fully responsible for all losses and debts of the business
- 9. quits, or sells the business
- 10. The most common form of business
- 11. a form of business organization recognized by law as a separate legal entity with all the rights of an individual
Down
- 1. firm legally ceases to exist when the owner
- 3. at least one partner is not active in the daily running of the business
- 6. all partners are responsible for the management and financial obligations of the business
- 7. a business owned and run by a single individual
- 8. in the United States