Business Organization
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| What is one who has no explicit or implicit contract for long-term employment? | contingent worker
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| What are businesses involved in selling the goods and services of producers to consumers and other businesses? | intermediaries
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| What carries out activities that are consumed by its customers? | service business
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| What is a business owned and controlled by two or more people who have entered into a written agreement? | partnership
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| What is a business owned and run by just one person? | proprietorship
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| What is a serparate legal entity formed by documents filed with your state? | corporation
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| What is a written agreement among all owners? | partnership agreement
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| What is a written legal document that defines ownership and operating procdures and conditions for the business? | articles of incorporation
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| What is a written contract granting permission to operate a business to sell products and services in a set way? | franchise
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| What is a short, specific written statement of the reason a business exists and what it wants to achieve? | mission statement
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Created by:
schreiner
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