Chapter 5 Vocab

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Across
  1. 4. written legal document that defines ownership and operating procedures and conditions for the business.
  2. 9. a written agreement amongst all owners.
  3. 10. a written contract granting permission to operate a business to sell products and services in a set way.
  4. 12. someone that has no explicit or implicit contract for longterm employment.
  5. 13. a business owned and ran by one person.
  6. 15. carries out activities that are consumed by its customers.
Down
  1. 1. guidelines used in making consistent decisions.
  2. 2. a short specific written statement of the reason a business exists and what
  3. 3. a precise statement of results the company expects to achieve.
  4. 5. businesses selling the goods and services to other businesses.
  5. 6. a separate legal entity formed by documents filed by a state.
  6. 7. a diagram that shows the structure of an organization, classifications of work and jobs, and the relationships among those classifications.
  7. 8. a business that is owned by two or more people that entered an agreement.
  8. 11. descriptions of the way work is supposed to be done.
  9. 14. wants to achieve