Chapter 5 Terms

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Across
  1. 1. Diagram that shows the structure of an organization, classifications of work and jobs, and the relationship among those classifications
  2. 9. Someone who has no explicit or implicit contract for long-term employment
  3. 10. Guidelines used in making consistent decisions
  4. 13. A written agreement among all owners
  5. 14. Businesses involved in selling the goods and services of producers to consumers and other businesses
Down
  1. 2. A written legal document that defines ownership and operating procedures and conditions for the business
  2. 3. A short, specific written statement of the reason a business exists and what it wants to achieve
  3. 4. Carries out activities that are consumed by its customers
  4. 5. A business owned and controlled by two or more people who have entered into an agreement
  5. 6. A business owned and run by just one person
  6. 7. Descriptions of the way work is to be done
  7. 8. A precise statement of results the business expects to achieve
  8. 11. A separate legal entity formed by documents filed with a state
  9. 12. A written contract granting permission to operate a business to sell products and services in a set way