POB Revision Crossword

2. When previously government owned enterprises are passed on to private ownership; this is referred to as __________.
7. The moral responsibility of a business to ‘do the right thing.’
9. Management has a responsibility to which stakeholder to make sure all taxes due are paid?
10. This type of business can only have a max of 50 shareholders, it is abbreviated as…
12. Money __________ is an illegal activity is used by criminals to disguise profits gained from criminal activity.
14. The role of this external stakeholder is to provide raw materials to the business.
16. To takeover a privately owned business by the government of a country.
17. A medium of exchange.
19. ____________ Liability means that in the eyes of the law the owner is personally responsible for all the debts the business may incur.
20. This type of tax is an annual tax on your earnings.
23. This system is one where goods are exchanged without the use of any form of currency.
24. Where 2 or more companies willingly come together to form a new company.
25. This functional area/Department is responsible for developing sales and promotion strategies for the product.
27. This function of Management focuses on assigning authority and responsibility across the organization.
28. The advantage of this type of business is that the workload is shared among members.

1. Samsung is a large group of companies with subsidiaries in many different sectors. This is an example of a ___________.
2. The ‘P’ in PLC stands for ___________ Limited Company.
3. One disadvantage of being a sole trade is having no _____________.
4. A partnership __________ sets out the rights of each partner.
5. An institution owned by its members, where all the profits are shared amongst them in the form of dividends.
6. Persons who purchase shares of a company are said to be ___________.
8. A person who uses goods and services to satisfy personal needs and wants.
11. A traditional economy where people on produce enough to feed their family and community. There is no surplus.
13. KFC is an example of what type of business?
15. ___________ protection is legally required to prevent sensitive information being used for fraud and identity theft by third parties.
17. The ‘M’ in the acronym SMART, stands for _______.
18. The greatest economic problem that economies face is the problem of __________.
21. One consequence of unethical & illegal business practices is the harm it may cause to the _________.
22. A type of economy where all economic decisions are made by the government.
26. This tax collected funds the paying of benefits such as pension, maternity leave, sick leave and unemployment benefits.