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to leaen about a businen tay stadying its organdiza tional chart? Develop Your Business Language Match the terms Nisted with the definitions. 10. A business

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to leaen about a businen tay stadying its organdiza tional chart? Develop Your Business Language Match the terms Nisted with the definitions. 10. A business owned and controlled by two or more people who have entered into a written agreement. 11. A short, specific written statement of the reason a business exists and what it wants to accomplish. 12. One who has no explicit or implicit contract for long-term employment. 13. Descriptions of the way work is to be done. 14. A specific statement of results the business expects to achieve. 15. A written legal document that identifies ownership and operating procedures and conditions for the business. 16. Businesses involved in selling the goods and services of producers to consumers and other businesses. Key Terms. a. articles of incorporation b. contingent worket c. corporation d. franchise e. goal f. intermediaries g. mission statement h. organization chart i. partnership 1. partnership agreement k. proprietorship l. policies m. procedures n. service business 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. 18. A written contract granting permission to operate a business to sell products and services in a prescribed way. 19. Businesses that complete activities that are consumed by customers rather than offering products for sale. 20. A business owned and controlled by just one person. 21. A written agreement among all owners that specifies the rules and procedures that guide ownership and operations. 22. Guidelines used in making consistent decisions. 23. A diagram that shows the structure of an organization, classifications of jobs, and the relationships among those classifications. to leaen about a businen tay stadying its organdiza tional chart? Develop Your Business Language Match the terms Nisted with the definitions. 10. A business owned and controlled by two or more people who have entered into a written agreement. 11. A short, specific written statement of the reason a business exists and what it wants to accomplish. 12. One who has no explicit or implicit contract for long-term employment. 13. Descriptions of the way work is to be done. 14. A specific statement of results the business expects to achieve. 15. A written legal document that identifies ownership and operating procedures and conditions for the business. 16. Businesses involved in selling the goods and services of producers to consumers and other businesses. Key Terms. a. articles of incorporation b. contingent worket c. corporation d. franchise e. goal f. intermediaries g. mission statement h. organization chart i. partnership 1. partnership agreement k. proprietorship l. policies m. procedures n. service business 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. 18. A written contract granting permission to operate a business to sell products and services in a prescribed way. 19. Businesses that complete activities that are consumed by customers rather than offering products for sale. 20. A business owned and controlled by just one person. 21. A written agreement among all owners that specifies the rules and procedures that guide ownership and operations. 22. Guidelines used in making consistent decisions. 23. A diagram that shows the structure of an organization, classifications of jobs, and the relationships among those classifications

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