5.2/5.3
Across
- 2. the right to make decisions about how responsibilities.
- 3. A separate legal entity formed by documents filed with a state. It is owned by one or more shareholders and managed by a board of directors.
- 5. This type of organization chart is arranged around different projects.
- 7. Two words: a short, specific written statement of the reason a business exists and what it wants to achieve.
- 8. A list of steps to be followed for performing a particular work activity; a description of the way work is to be done.
- 9. This type of organization chart is arranged with business functions.
- 11. Guidelines used in making consistent decisions.
- 12. the obligation to complete specific work.
- 15. Two words: a diagram that shows the structure of an organization, classifications of work and jobs, and the relationships among those classifications.
- 16. Three words: The people who make major policy and financial decisions for a corporation.
- 17. A precise statement of results the business expects to achieve.
- 19. A business owned and run by just one person.
Down
- 1. Three words:Clear reporting relationship for all staff of a business.
- 4. Two words: a written agreement among all owners detailing the rules and procedures that guide ownership and operations.
- 6. taking responsibility for the results achieved.
- 8. A business owned and controlled by two or more people who have entered into an agreement.
- 10. Three words: a written legal document that defines ownership and operating procedures and conditions for a business.
- 13. A written contract granting permission to operate a business to sell products and services in a set way.
- 14. Three words: the number of employees who are assigned to a particular work task and manager.
- 18. Limited Liability Company. Some investors cannot lose more than they invested.