Across
- 3. Business partners are only liable for the amount of money they have put into the company.
- 5. A formal agreement made by two or more parties to jointly manage and operate a company.
- 8. Defines the company's relationship with shareholders and specifies the objectives for which the company has been formed.
- 9. Persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically controlled enterprise.
- 11. This type of limited company can offer shares to the public.
- 12. This type of liability means that each business owner is equally responsible for whatever debt accrued within a business if the company is unable to repay or defaults on its debt.
Down
- 1. A document which states the external relationships of the business and provides general information about the company.
- 2. KFC, McDonalds, Burger King are examples of _____________.
- 4. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares.
- 6. Businesses and industries that are owned or controlled by the government, or things that are related to these businesses and industries.
- 7. This sector consists of businesses owned and operated by private individuals.
- 10. A simple business structure in which one individual runs and owns the entire business.