Chapter 5-Business Organization

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Across
  1. 2. a written agreement among all owners that details the rules and procedures that guide ownership and operations.
  2. 4. descriptions of the way work is to be done
  3. 7. A business that takes resources from nature for direct consumption of for use in developing other products (5-1)
  4. 9. cultivate land and use other natural resources to grow crops and livestock for consumption. (5-1)
  5. 10. the operating procedures for the corporation (5-2)
  6. 12. a business owned and controlled by two or more people who have entered into a written agreement.
  7. 14. a diagram that shows the structure of an organization
  8. 15. businesses involved in selling the goods and services of producers to consumers and other businesses
  9. 17. get supplies from other producers and convert them into products. (5-1)
  10. 18. a separate legal entity formed by documents filed with your state.
  11. 19. the people who will make the major policy and financial decisions for the business (5-2)
  12. 20. guidelines used in making consistent decisions
  13. 21. one who has no explicit or implicit contract for long term employment
Down
  1. 1. a short, specific written statement of the reason a business exists and what it wants to achieve.
  2. 3. create the products and services used by individuals and other businesses.(5-1)
  3. 5. carries out activities that are consumed by its consumers. It does not offer products for sale.
  4. 6. taking responsibility for the results achieved (5-3)
  5. 8. the right to make specific decisions about how responsibilities should be accomplished (5-3)
  6. 11. a business owned and run by just one person.
  7. 13. a written legal document that defines ownership and operating procedures and conditions for the business.
  8. 16. a written contract granting permission to operate a business to sell products and services in a set way.