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12BM - U3 AOS1 KK1

Across
N______ are things human beings require in order to survive.
A m____ o__ e______ (three words) is a method of payment for goods and services.
A business has become i________ if it has changed into a company.
A partnership is not a s_____ l_____ e______ (three words). As a result, each partner has unlimited liability for all the partnership’s actions, not just the actions carried out by the individual partner.
W____ are things that human beings desire, but do not require to survive.
A government business enterprise is a type of business that is o____ by the government and operated commercially with the aim of making a profit.
Shareholders make money by selling their shares for a higher p____ than what they paid for the shares.
A p_________ is a type of unincorporated business in which at least two people (the partners) own and operate (ie, run) the business together.
A b_______ is any activity that involves one or more human beings creating and selling products (ie, goods and/or services) in order to satisfy the needs and wants of society, while also making a profit.
D_________ are a sum of money that can be paid out to shareholders from the profit a company has made.
S______ are intangible activities that are able to be sold in a market.
Down
A sole trader business is not a separate legal entity. Because a sole trader business is not a separate legal entity, the owner has u_______ l_______ for the sole trader business's actions.
If a shareholder has limited liability, this means the shareholder’s l___ r_______ (two words) for the company’s debts is restricted to the amount of money they paid for the company’s shares.
G_____ are items that are tangible (usually) and able to be sold in a market.
A m_____ is any situation in which potential buyers are in contact with potential sellers and there is a means of exchange.
Generally, whether a company’s profits will be used to pay dividends and/or reinvest in the company is a decision for the b______ o__ d_________ (three words).
A social enterprise is a type of business that has the p______ objective of fulfilling a social need – such as improving the community and/or the environment – while also making a profit.
A s___ t_____ (two words) is a type of unincorporated business in which one person owns and operates (ie, runs) the business.
A p_______ l________ (two words) company is a type of incorporated business that is not listed on the Australian Securities Exchange (the ASX).
A p_______ l_________ (two words) company is a type of incorporated business that is listed on the Australian Securities Exchange (the ASX).
S________ are individuals or groups (such as businesses) that own a percentage of a company via shares.
The maximum number of partners in a partnership tends to be t______, although it depends on the type of partnership.
The minimum number of shareholders in a private limited company is one whereas the maximum number of non-e_______ shareholders is 50.