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CR
Ch 7: Business Structures
15
partnership:A business owned by 2 to 20 persons where a commercial relationship exists between persons, the business is conducted with a view to a profit.
cooperative:A form of business entity consisting of at least 5 members which is owned and run by its members for their mutual benefit and/or for the general benefit of the public.
private:Type of company that has between 1 and 50 shareholders and at least one director.
trustee:The person that has legal control over the property in a trust.
soletrader:A business owned and controlled by one individual (two words).
association:An organisation formed by two or more persons for a common purpose, whether it is for profit or not.
public:Type of company that is permitted to raise funds from the public by offering their shares for sale.
limited:............... liability company. A company whose members are only liable for the costs of the shares they have purchased.
company:An incorporated body that is a separate legal entity from its members.
trust:A relationship where one person holds property on behalf of another.
unincorporated:.................... association. An association formed by persons with a common interest and objective. These usually come in the form of a club or society.
incorporated:................... association. A type of association formed under legislation in each State and Territory.
proprietary:Another term used to describe a private company.
jointventure:A legal structure formed between two parties who intend to undertake an activity together for the individual gain of each party.
franchise:A contract where a licence is issued to operate a business in exchange for expertise, knowledge and methods of operation.
Ch 7: Business Structures
Across:1. | ................... association. A type of association formed under legislation in each State and Territory. | 3. | Type of company that is permitted to raise funds from the public by offering their shares for sale. | 4. | An incorporated body that is a separate legal entity from its members. | 7. | Another term used to describe a private company. | 8. | A form of business entity consisting of at least 5 members which is owned and run by its members for their mutual benefit and/or for the general benefit of the public. | 11. | A business owned by 2 to 20 persons where a commercial relationship exists between persons, the business is conducted with a view to a profit. | 12. | A relationship where one person holds property on behalf of another. | 13. | A legal structure formed between two parties who intend to undertake an activity together for the individual gain of each party. | 14. | Type of company that has between 1 and 50 shareholders and at least one director. | 15. | ............... liability company. A company whose members are only liable for the costs of the shares they have purchased. |
| | Down:2. | The person that has legal control over the property in a trust. | 5. | An organisation formed by two or more persons for a common purpose, whether it is for profit or not. | 6. | A business owned and controlled by one individual (two words). | 9. | .................... association. An association formed by persons with a common interest and objective. These usually come in the form of a club or society. | 10. | A contract where a licence is issued to operate a business in exchange for expertise, knowledge and methods of operation. |
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© 2013
PuzzleFast.com, Noncommercial Use Only
Ch 7: Business Structures
Across:1. | ................... association. A type of association formed under legislation in each State and Territory. | 3. | Type of company that is permitted to raise funds from the public by offering their shares for sale. | 4. | An incorporated body that is a separate legal entity from its members. | 7. | Another term used to describe a private company. | 8. | A form of business entity consisting of at least 5 members which is owned and run by its members for their mutual benefit and/or for the general benefit of the public. | 11. | A business owned by 2 to 20 persons where a commercial relationship exists between persons, the business is conducted with a view to a profit. | 12. | A relationship where one person holds property on behalf of another. | 13. | A legal structure formed between two parties who intend to undertake an activity together for the individual gain of each party. | 14. | Type of company that has between 1 and 50 shareholders and at least one director. | 15. | ............... liability company. A company whose members are only liable for the costs of the shares they have purchased. |
| | Down:2. | The person that has legal control over the property in a trust. | 5. | An organisation formed by two or more persons for a common purpose, whether it is for profit or not. | 6. | A business owned and controlled by one individual (two words). | 9. | .................... association. An association formed by persons with a common interest and objective. These usually come in the form of a club or society. | 10. | A contract where a licence is issued to operate a business in exchange for expertise, knowledge and methods of operation. |
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© 2013
PuzzleFast.com, Noncommercial Use Only