Across
- 2. when an asset is purchased
- 4. individual or institution that legally owns shares of a stock in a corporation
- 11. this is when the owner or partners in a business are each liable for debts
- 14. a business organization that has divided authority
- 15. capital that is provided from investors outside of the business
- 16. financial institution that is owned and controlled by its members
- 17. the financial gain within a business
- 18. a strategy for identifying competition
- 19. a business service that includes receiving deposits, lending money and processing transactions
- 20. a summary of how the business will be organized
Down
- 1. banknotes that must be accepted if offered in payment of a debt
- 3. the sum of money kept in a bank account
- 5. having one member or one vote in a co-operative business
- 6. banks, business societies, credit unions and stock brokerages are examples of this
- 7. an individuals financial status looking at the breakeven point and startup for example
- 8. a form of business that allows the owner to make all of the decisions
- 9. an advantage of a corporation
- 10. a disadvantage of this form of business is possible conflict between members
- 12. an advantage of a partnership
- 13. a financial service that is offered at credit unions or banks