Types of Business Organizations

Edit Answers
1234567891011121314151617181920
Across
  1. 3. The liability on business owners to repay all of the debts of their business; The owner/s are personally and fully responsible for all losses and debts of the business.
  2. 7. The business organization that buys the rights to use the company's brand name, business name, production method, etc.
  3. 8. An annual meeting between directors and shareholders of a company to vote on major company decisions, to inform them on company performance, elect new directors, etc.
  4. 9. A partner that only provides money and receives profit returns but isn't involved with management.
  5. 10. The company that allows the distribution of its goods and services; it usually is well-known, has an identity with a market and brand name for its product.
  6. 13. Some/all partners have limited liability, but they also have to retain an automatic management responsibility.
  7. 14. These are people who have shares in the company, but do not run or manage the company.
  8. 17. These are people who are major shareholders in the company but who also have control over it; they are elected by other shareholders in the AGM.
  9. 19. An unincorporated, unlimited type of business organization that is owned, financed and run by 2 to 20 people that also requires a deed of partnership to be used.
  10. 20. An incorporated, limited type of business organization that only allows shares to be sold to invited shareholders.
Down
  1. 1. An unincorporated, unlimited type of business organization that is owned and controlled by one person who also receives all profits.
  2. 2. An incorporated, limited type of business organization that allows shares to be sold to the public through the stock market.
  3. 3. When the owners of a business and the business itself are one legal identity, in addition to having unlimited liability.
  4. 4. When the owners of a business and the business itself are separate legal identities, in addition to having limited liability.
  5. 5. A partner with unlimited liability.
  6. 6. An agreement between a company with another business organization to allow the distribution of the company's goods and services and the use of its brand name or trademark through the other business organization;
  7. 11. Firms funded by taxes on the private sector to provide essential goods and services (e.g. water, electricity, education, etc.)
  8. 12. When investors only repay for the capital they've invested in the business.
  9. 15. A partner with limited liability.
  10. 16. When, for the first time, shares of a public limited company are made available through the stock market.
  11. 18. agreement between the franchisor and the franchisee to allow product distribution.