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Chapter 5 Business Organization

Name _______________________________
Across
Business that takes resources from nature for direct consumption or use in developing other products.
Operating procedures of a corporation.
A written agreement among all owners.
A written legal document that defines ownership and operating procedures and conditions of a business.
A business owned and controlled by two or more people.
The people who will make major policy and financial decisions for the business.
Business that gets supplies from other producers and converts them into products.
Carries out activities that are consumed by its customers.
A separate legal entity formed by documents filed with your state.
Down
Work is arranged around business functions.
Descriptions of the way work is to be done.
One who has no explicit or implicit contract for long-term employment.
A written contract granting permission to operate a business to sell products and services in a set way.
The right to make decisions about how responsibilities will be accomplished.
Guidelines used in making consistent decisions.
Work is arranged around specific projects, products or customers.
Create products and services.
Precise statement of results the business wants to achieve.