Section 1.2 Key Terms

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Across
  1. 3. a business with specific social objectives that serve its primary purpose
  2. 5. someone that you collaborate with on a business-to-business basis
  3. 6. legal structure for an organization where a corporate loss will not exceed the amount invested in a partnership
  4. 7. Any person that owns shares in a company’s stock
  5. 10. the ones who shares can be bought by investors
  6. 13. the formation and registration of a limited company
  7. 15. business owners who are legally liable for any debt their business might accrue.
  8. 16. when two or more individuals form a business together, agreeing to share the profits, losses, and management of the company
  9. 17. legal entity formed by a group of individuals to engage in and operate a business
  10. 18. part of a country's economic system that is run by individuals
  11. 19. simple business structure in which one individual runs and owns the entire business
Down
  1. 1. amount of an asset or resource that exceeds the portion that's actively utilized
  2. 2. voluntary group of individuals or organizations, that is formed to provide services or to advocate a public policy
  3. 4. organization that uses its surplus revenues to further achieve its purpose or mission, rather than distributing its surplus income to the organization's directors as profit.
  4. 6. partnership organization that limits the personal liability of some partners.
  5. 8. only sell shares in the company privately to people known to the owners
  6. 9. different financial instruments are traded
  7. 11. a legal document signed by two or more partners who come together and decide to run a business for profit.
  8. 12. businesses and industries that are owned or controlled by the government
  9. 14. company's ownership is transitioning from private ownership to public ownership