Section 1.2 key terms

3. When an individual or business owner is personally responsible for all the company's debts
6. An individual or entity that owns shares in a corporation
7. A company whose shares are publicly traded on a stock exchange
10. A legal entity formed to engage in business activities
14. A legal document outlining the terms and conditions of a partnership agreement
16. a market where securities such stocks and bonds can be bought and sold.
17. a kind of partnership where some partners are only partially liable for the obligations of the business
18. The excess of assets over liabilities in a business or organization
19. An individual involved in a business partnership

1. An organization that operates for a charitable, educational, or social purpose rather than for profit.
2. Protection of personal assets from the debts and liabilities of a business
4. The first sale of a company's stock to the public
5. A non-profit organization independent of government involvement
7. The part of the market that is made up firms run and owned by the government.
8. A business structure where two or more individuals operate
9. A business that focuses on addressing social or environmental issues alongside generating profits
11. The legal process of creating a corporation as a separate legal entity from its owners
12. A company whose shares are not publicly traded on a stock exchange
13. The part of the economy made up of privately held organisations and businesses.
15. A business owner who operates alone in their business