Across
- 1. short, specific written statement of the reason a business exists and what it wants to achieve.
- 4. taking responsibility for the results achieved.
- 5. a unique business organized by two or more other businesses to operate for a limited time and for a specific project. It is a type of partnership.
- 8. a business owned and run by just one person.
- 9. a business that takes resources from nature for direct consumption or for use in developing other products.
- 11. a diagram that shows the structure of an organization, classifications of work and jobs, and the relationships among those classifications.
- 14. the people who make the major policy and financial decisions for the corporation.
- 15. a clear reporting relationship for all staff of a business.
- 17. people born between 1946 and 1964.
- 19. the number of employees who are assigned to a particular work task and manager.
- 22. form of business ownership that provides liability protection for owners. It has a simpler set of organizing and operating requirements than a corporation.
- 25. a written agreement among all owners detailing the rules and procedures that guide ownership and operations.
- 27. work is arranged around around specific projects, products, or customer groups
- 28. a list of steps to be followed for performing a particular work activity; a description of the way work is to be done.
- 30. a written legal document that defines ownership and operating procedures and conditions for the corporation.
- 31. the company that owns the product or service and grants the rights to another business.
- 32. the obligation to complete specific work.
Down
- 2. a business that carries out activities that are consumed by its customers.
- 3. businesses that get supplies from other producers and convert them into products. They sell their products to consumers and other businesses.
- 6. the company purchasing the rights to run the business.
- 7. a business owned and controlled by two or more people who have entered into a written agreement.
- 8. individuals and organizations that determine what products and services will be available for sale.
- 10. 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.
- 12. work is arranged within main business functions such as production, operations, marketing, and human resources
- 13. a written contract granting permission to operate a business to sell products and services in a set way.
- 16. one who has no explicit or implicit contract for long-term employment.
- 18. a precise statement of results the business expects to achieve.
- 20. a partnership that identifies some investors who cannot lose more than the amount of their investment, but they are not allowed to participate in the day-to-day management of the business.
- 21. businesses involved in selling the goods and services of producers to consumers and other businesses. (Middle Man)
- 23. a farm, business, or other organization that is owned and run jointly by its members, who share the profits or benefits.
- 24. the right to make decisions about how responsibilities should be accomplished.
- 26. a group of people who join to do some activity that benefits the public.
- 29. guidelines used in making consistent decisions.