Principles of Business

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Across
  1. 3. __________ liability states that persons are not only liable to lose what they invested but they can also lose their personal assets.
  2. 6. ____is known as the resources used to start up a business
  3. 8. Which type of service allows for person to person contact?
  4. 10. system of production, distribution and consumption by a society to allocate scarce resources is known as an______.
  5. 12. , A cheque drawn upon the bank itself rather from the customer’s account is known as a_____ draft?
  6. 13. Trinidad and Tobago exports oil and gas, this type of resource or good used to trade is known as a?
  7. 14. A___________ payment allows the bank to take a fixed sum of money for repayment either every week, fortnight, quarterly or yearly.
  8. 17. Money is hard to obtain because it is _____?
  9. 18. _______ of scale is known as large enterprises benefitting from bulk buying at a discounted price.
  10. 19. _____is known as assets held by the bank in the event that a debtor fails to repay a loan.
  11. 20. Which type of service does not allow person to person contact?
  12. 22. ______ undertaking is a type of public sector such as, sport centres, community centres, bus services etc.
  13. 23. _______is the exchange between goods and services without the use of money
  14. 24. ________ focuses on one particular job or task and becoming an expert at it.
Down
  1. 1. __________ refers to the buying and selling of goods and services through the internet.
  2. 2. _____is an item that is willingly accepted in exchanged for goods and services.
  3. 4. _________ liability states that a person is only liable to lose only what they have invested.
  4. 5. A business consisting of 2-20 individuals ho form themselves into a business unit with the common goal of making a profit is known as which private business type?
  5. 7. ________ owned enterprises are operated by the government (e.g. WASA / T&Tec)
  6. 9. If all money is standardized or appear to be the same, it is _____________.
  7. 11. An ______ takes the risk of starting up a business in hope of making a profit
  8. 15. Items such as shells, axe heads, beads etc used for bartering were called________ money
  9. 16. , _____of goods is a disadvantage of barter which made goods difficult to divide because of its exchange rate?
  10. 21. A________ is any situation that brings buyers and sellers together for the purpose of exchange.
  11. 25. trader, A business owned and operated by one individual is known as a_______?