Chapter 5 Vocabulary

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Across
  1. 3. a document that defines ownership and operating procedures and conditions for the business.
  2. 5. a business ran by multiple people.
  3. 8. a chart that conveys a business structure
  4. 11. a contract giving permission to run a business to sell products and services in a set way.
  5. 12. one who has no explicit or implicit contract for long-term employment.
  6. 13. businesses that sells goods and services of producers to others.
  7. 14. an approach for a business
Down
  1. 1. a agreement among all owners naming the rules and procedures that guide ownership and operations.
  2. 2. A legal entity that exists under authority granted by state law.
  3. 4. courses of action
  4. 6. an expectation
  5. 7. short statement of the reason a business purpose
  6. 9. a business ran by one individual.
  7. 10. a business that carries out activities that are consumed by its customers.