en CR Ch. 3 16 sole proprietorship : unincorporated business owned and run by a single person who has rights to all profits and unlimited liability for all debts of the firm; most common form of business organization in the United States inventory : stock of goods held in reserve; includes finished goods waiting to be sold and raw materials to be used in production unlimited liability : requirement that an owner in personally and fully responsible for all losses and debts of a business; applies to proprietorship, general partnerships bankruptcy : court-granted permission to an individual or business to cease or delay payment on some or all debts for a limited amount of time corporation : form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual, including the right to buy and sell property,enter into legal contracts, sue and be sued dividend : check paid to stockholders, usually quarterly, representing portion of corporate profits principal : amount borrowed when getting a loan or issuing a bond double taxation : feature of taxation that allows stockholders' dividends to be taxed both as corporate profit and as personal income merger : combination of two or more business enterprises to form a single firm depreciation : gradual wear on capital goods during production vertical merger : combination of firms involved in different steps of manufacturing or marketing horizontal merger : combination of two or more firms producing the same kind of product conglomerate : firm with four or more business making unrelated product, with no single business responsible for a majority of its sales multinational : corporation producing and selling without regard to national boundaries and whose business activities are located in several different countries cooperative : nonprofit association performing some kind of economic activity for the benefit of its members public utility : company providing essential services such as water and electricity to consumers, usually subject to some government regulations nonprofit : economic institution that operates like a business but does not seek financial gain; schools, churches, community service organizations

Ch. 3

	1						2				3

			4									5
							G

	6					7			8

				9				10		F
		11
										12
13					A

						14
		C





						D



15

Across:

1.	combination of firms involved in different steps of manufacturing or marketing
4.	form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual, including the right to buy and sell property,enter into legal contracts, sue and be sued
7.	amount borrowed when getting a loan or issuing a bond
10.	economic institution that operates like a business but does not seek financial gain; schools, churches, community service organizations

12.	stock of goods held in reserve; includes finished goods waiting to be sold and raw materials to be used in production
13.	feature of taxation that allows stockholders' dividends to be taxed both as corporate profit and as personal income
14.	gradual wear on capital goods during production
15.	requirement that an owner in personally and fully responsible for all losses and debts of a business; applies to proprietorship, general partnerships

Down:

2.	combination of two or more business enterprises to form a single firm
3.	nonprofit association performing some kind of economic activity for the benefit of its members
5.	court-granted permission to an individual or business to cease or delay payment on some or all debts for a limited amount of time
6.	combination of two or more firms producing the same kind of product

8.	firm with four or more business making unrelated product, with no single business responsible for a majority of its sales
9.	unincorporated business owned and run by a single person who has rights to all profits and unlimited liability for all debts of the firm; most common form of business organization in the United States
11.	company providing essential services such as water and electricity to consumers, usually subject to some government regulations
14.	check paid to stockholders, usually quarterly, representing portion of corporate profits

Ch. 3

Across:

1.	combination of firms involved in different steps of manufacturing or marketing
4.	form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual, including the right to buy and sell property,enter into legal contracts, sue and be sued
7.	amount borrowed when getting a loan or issuing a bond
10.	economic institution that operates like a business but does not seek financial gain; schools, churches, community service organizations

12.	stock of goods held in reserve; includes finished goods waiting to be sold and raw materials to be used in production
13.	feature of taxation that allows stockholders' dividends to be taxed both as corporate profit and as personal income
14.	gradual wear on capital goods during production
15.	requirement that an owner in personally and fully responsible for all losses and debts of a business; applies to proprietorship, general partnerships

Down:

2.	combination of two or more business enterprises to form a single firm
3.	nonprofit association performing some kind of economic activity for the benefit of its members
5.	court-granted permission to an individual or business to cease or delay payment on some or all debts for a limited amount of time
6.	combination of two or more firms producing the same kind of product

8.	firm with four or more business making unrelated product, with no single business responsible for a majority of its sales
9.	unincorporated business owned and run by a single person who has rights to all profits and unlimited liability for all debts of the firm; most common form of business organization in the United States
11.	company providing essential services such as water and electricity to consumers, usually subject to some government regulations
14.	check paid to stockholders, usually quarterly, representing portion of corporate profits

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Ch. 3

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Ch. 3

Ch. 3