Types of Business Ownership

4. limits each owner's financial liability to the amount of money that they have paid for the corporation's stock.
6. a person who assumes full or shared responsibility for operating a business.
7. a corporation whose stock can be bought and sold by any individual.
9. the most basic form of corporate ownership and whose owners may vote on corporate policies.
10. a person who owns a corporations stock.
12. a situation in which the management and board of directors of a firm targeted for acquisition disapprove of the merger.
14. the top governing body of a corporation, the members of which are elected by the stockholders.
15. One person who owns and runs a business.
17. a corporation organized to provide a social, educational, religious, or other service rather than to earn a profit.
18. a distribution of earnings to the stockholders of a corporation.

1. a form of business ownership that combines the benefits of a corporation and a partnership.
2. a person who invests money in a business but has no management responsibility or liability for losses beyond the amount they invested in the partnership.
3. owned by relatively few people and is not sold to the general public.
5. the combining of two corporations or other business entities to form one business.
8. a legal concept that holds a business owner personally responsible for all the debts of the business.
11. Stock owned by individuals or firms who usually do not have voting rights but whose claims on dividends are paid before those of common-stock owners.
13. a corporation that is taxed as though its a partnership.
16. a temporary association of individuals or firms organized to perform a specific task that requires a large amount of money.