Unit 2 – Business Ownership and Operations Quiz

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Across
  1. 4. A __________ operates to provide a service rather than to make a profit and often relies on donations or grants.
  2. 6. Farmers, miners, and loggers are examples of a __________, since they gather raw materials directly from nature.
  3. 8. A __________ purchases goods in bulk from manufacturers and resells them in smaller quantities to retailers.
  4. 11. Businesses that move goods from one company to another, such as wholesalers and retailers, are categorized as __________.
  5. 12. In a __________ business structure, the owner’s responsibility for debt is limited to their investment.
  6. 13. A business that turns raw goods like crude oil or wheat into usable materials is known as a __________.
  7. 14. Two or more individuals who share responsibility, profit, and risk operate as a __________.
  8. 15. A __________ business structure means the owner is personally responsible for all business debts and obligations.
Down
  1. 1. The individual shares of ownership in a corporation are known as __________.
  2. 2. A company that takes processed goods and transforms them into market-ready products is called a __________.
  3. 3. In a __________, members combine their resources to save money or gain access to better services.
  4. 5. Owning a business entirely by yourself makes you the sole owner of a __________.
  5. 7. A __________ is a legally recognized entity that can own property, pay taxes, and make contracts.
  6. 9. A __________ operates under a parent company’s name and business model in exchange for fees and profit sharing.
  7. 10. Stores like Target and CVS are examples of a __________, since they sell goods directly to consumers.