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Chapter 5

Chapter 5 vocabulary words

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Across
2.precise statement of results the business expects to achieve
6.a written agreement among all owners
7.one who has no explicit or implicit contract for long term employment
8.a written contract granting permission to operate a business to sell products and services a certain way
9.carries out activites that are consumed by its customers
10.owned by one or more shareholders and managed by a board of directors
11.guidelines used in makeing consistent decisions
12.business owned and run by just one person
13.a short specific written statement of the reason a business exists and what it wants to achieve
14.business owned and controlled by two or more people
Down
1.a written legal documents that defines ownership and operating procedures and conditions of a business
3.a diagram that shows the structure of an organization, classifications of work and jobs.
4.descriptions of thw way work is to be done.
5.businesses involved in selling goods and services of producers to consumers

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