Across
- 3. The shares in a publicly held company can be bought and sold by the general public, without prior approval of existing owners.
- 5. A type of non-profit organization (NPO) operating in the private sector of the economy for the benefit of others in society (rather than for shareholders).
- 8. This means the owner(s) of a business (such as a sole trader or partner) is personally liable for any business debts, even if this requires the debts to be settled by selling off personal assets.
- 9. This is a special type of partnership where one or more partners contribute capital and enjoy a share of the profits but do not participate in the running of the business.
- 10. A business owned by shareholders with limited liability, but the shares cannot be traded on a public Stock Exchange.
- 12. Enables its shareholders (business owners) not to be liable for more than the original amount of money invested in the business.
- 13. This means that there is a legal difference between the owners of a company (the shareholders) and the business entity itself.
- 15. They do not focus on generating profits for their owners but strive to build and improve communities.
- 17. These are for-profit social enterprises owned and run by their members.
- 19. A business alliance that typically consists of between 2 and 20 individual owners who are jointly responsible for the business (although this number can vary between countries).
- 20. This refers to the financial gain of a non-profit social enterprise or non-profit organization. Unlike profit, this belongs to the organization and is reinvested back in the social enterprise.
Down
- 1. An organization which is owned by a single entrepreneur who has exclusive responsibility for the running of the business.
- 2. These are for-profit social enterprises that operate as private sector companies offering a financial service to those without a job or on very low incomes.
- 4. A legally binding contract that all joint owners of a partnership sign, stating the purpose of the business, the formal rights of the partners, and how any profits should be split.
- 6. An organization sells all or part of its business to shareholders on a public stock exchange for the first time.
- 7. This refer to businesses that operate for collective or social benefits rather than primarily aiming to generate profits for their owners or shareholders.
- 11. The owners of a limited liability company.
- 14. This section of the economy is made up of businesses that are owned by individuals or groups of individuals, rather than by the government.
- 16. Businesses in this section of the economy are run and owned by the government in order to provide essential services for society as a whole, e.g., education and healthcare services.
- 18. Any business organisation that is owned by its shareholders, who have limited liability.