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Related Flashcards
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Cards In This Set
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10. a business owned and controlled by 2 or more people who have entered into a written agreement
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I. partnership
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11. a short, specific written statement of the reason a business exists and what it wants to accomplish
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G. mission statement
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12. one who has no explicit or implicit contract for long-term employment
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B. contingent worker
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13. descriptions of the way work is to be done
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M. procedures
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14. a specific statement of results the business expects to achieve
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E. goal
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15. a written legal document that identifies owership and operating procedures and conditions for the business
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A. articles of incorporation
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16. businesses involved in selling the goods and services of producers to consumers and other businesses
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F. intermediaries
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17. a separate legal entity, formed by documents filed with the state, which is owned by one or more shareholders and managed by a board of directors
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C. corporation
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18. a written contract granting permission to operate a business to sell products and services in a prescribed way
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D. franchise
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19. businesses that complete activities that are consumed by customers rather than offering products for sale
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N. service business
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20. a business owned and controlled by just one person
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K. proprietorship
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21. a written agreement among all owners that specifies the rules and procedures that guide ownership and operations
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J. partnership agreement
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22. guidelines used in making consistent decisions
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L. policies
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23. a diagram that shows the structure of an organization, classifications of jobs, and the relationships among those classifications
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H. organization chart
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