Chapter 5: Business Organization

Edit Answers
123456789101112131415161718192021
Across
  1. 3. Liability Company, provides liability protection for owners
  2. 5. chart, diagram that shows the structure of an organization, classifications of work and jobs, and the relationships among those classifications
  3. 6. Organizational Structure, work is structured around specific projects, products or customer groups
  4. 8. of Incorporation, written legal document that defines ownership and operating procedures and conditions for the business
  5. 10. Organization Structure, work is arranged within business functions
  6. 12. corporations, free from corporate income taxes
  7. 15. descriptions of the way work is to be done
  8. 16. a written contract granting permission to operate a business to sell products and services in a set way
  9. 17. businesses involved in selling the goods and services of producers to consumers and other businesses
  10. 18. guidelines used in making consistent decisions
  11. 20. businesses that take resources from nature for direct consumption of for use in developing other products
  12. 21. a separate legal entity formed by documents filed with a state
Down
  1. 1. Venture, a unique business organized by two or more other businesses to operate for a limited time and for a specific project
  2. 2. a precise statement of results the business expects to achieve
  3. 3. owned by members, serves their needs, and is managed in their interest
  4. 4. statement, short specific written statement of the reason a business exists and what it wants to achieve
  5. 7. a business owned and run by just one person
  6. 9. worker one who has no explicit or implicit contract for long-term employment
  7. 11. agreement, a written agreement among all owners
  8. 13. gets supplies from other producers and convert them into products
  9. 14. of Command, there is a clear reporting relationship for all staff of a business
  10. 15. business, a business that carries out activities that are consumed by its customers
  11. 16. of Control, number of employees who are assigned to a particular work task and manager
  12. 19. a business owned and controlled by two or more people who have entered into an agreement
  13. 20. Liability Partnership, identifies some investors who cannot lose more than the amount of their investment