Across
- 2. An _____ is a hybrid entity that is organized like a corporation, with stockholders, board of directors, and officer, but taxed like a partnership with income and losses flowing through to the stockholders and taxed as their personal income.
- 3. An _____ is the purchase of a corporation by another corporation or by an investor group.
- 4. In a _____ partnership, partners have unlimited liability for all of the firm’s business obligations and who control its operations.
- 6. A _____ is a business that is established, owned, operated, and often financed by one person.
- 7. Taxing a corporation's earning and taxing the stockholder's dividends from the corporate earnings is called ______ taxation.
- 9. A _____ is the combining two or more firms to form one new company.
- 10. A _______ is an organization formed by individuals or businesses with similar interests to gain benefits from size and collective ownership.
- 11. In a sole proprietorship, the owner is fully liable for all business debts of the company. This term is called _____ liability.
- 12. A merger between Pepsi-Cola and Ardea Beverage Co., maker of a line of nutritionally enhanced, low calorie, carbonated beverages, would be considered a _____ merger.
- 13. A _______ is a form of business organization that is created to carry out a single project and is dissolved upon completion.
Down
- 1. A _____ is a hybrid organization that offers the same liability protection as a corporation, but may be taxed as either a partnership or a corporation.
- 5. ________ are the owners of a corporation.
- 8. Marc Wool purchased a franchise from Maaco Collision Repair service. Wool is the ______ in the franchise agreement.