5.2/5.3

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