5.2 & 5.3 Business Ownership

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Across
  1. 2. a business owned and controlled by two or more people who have entered into an agreement
  2. 5. a separate legal entity formed by documents filed with a state
  3. 8. must be created and these are the operating procedures for the corporation
  4. 10. guidelines used in making consistent decisions
  5. 11. a written agreement among all owners
  6. 13. a unique business organized by two or more other businesses to operate for a limited time and for a specific project
  7. 14. means there is a clear reporting relationship for all staff of a business
  8. 15. a diagram that shows the structure of an organization, classifications of work and jobs, and the relationships among those classifications
  9. 16. descriptions of the way work is to be done
Down
  1. 1. a business owned and run by just one person
  2. 3. a written legal document that defines ownership and operating procedures and conditions for the business
  3. 4. work is structured around specific projects, products, or customer groups
  4. 6. a short, specific written statement of the reason a business exists and what if wants to achieve
  5. 7. offers the limited liability of a corporation
  6. 9. identifies some investors who cannot lose more than the amount of their investment; but they are not allowed to participate in day-to-day management of the business
  7. 12. people who will make the major policy and financial decisions for the business