Vocabulary

2. Designates a company that has offered shares of stock to the general public
4. The company stops all operations and goes completely out of business
6. All the businesses that are involved in making goods or providing services
12. The specific, measurable results that companies hope to maintain as their organization grows
13. A firm held under private ownership
15. The part of the economy that is run by individuals and companies for profit that is not state controlled
17. Encompasses industries that produce a finished, usable product or are involved in construction
18. A partner who contributes capital but does not participate in the management of the business
22. Stands for limited liability partnership
24. Unrestricted liability for a company's financial obligations that extends beyond the business itself and to the person or people owning the business
25. Covers a wide range of activities from commerce to administration, transport, financial and real estate activities, etc.
26. A document that outlines in detail the rights and responsibilities of all parties to a business operation
27. Any person, company or institution that owns shares in a company's stock

1. A concise explanation of the organization's reason for existence
3. The relationship between two or more people to do trade or business
5. A business that is a separate entity from the business owner and has natural right
7. A corporation, owned and operated by a government, established for the administration of certain public programs
8. The percentage of an industry's sales that a particular company owns
9. An investor who becomes a member of a partnership by virtue of capital contribution, but plays an inactive role in a the daily operation and management of the business
10. A type of legal structure for an organization where a corporate loss will not exceed the amount invested in a partnership
11. An individual who engages in the buying and selling of financial asset in any financial market
14. Someone who owns an unincorporated business by himself or herself
16. Refers to the increased utility of a product as it passes through different production stages
19. Focus on services to the public as a whole, including education, security, safety, welfare, etc.
20. Represents companies that are involved in extracting natural resources and agriculture
21. A business that has not been legally registered as a business with the relevant state authorities
23. A person, group or organization with a vested interest, or stake in the decision-making and activities of a business