Ch. 5 Business Organization

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