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E 1.2-3

QuestionAnswer
An example would be--a corporation. The law treats it as a person and the corporation can be sued as a person would be sued. Artifical Person
Businesses that buy products and services for use in operating a business or to resell? Business Consumers
A written description of the business and its operations? Business Plan
Adding value to products as they move from producer to consumers? Channel Members
Legal documents issued by a state granting the business to power to organize, issue stock, and complete specific activities? Charter
Verbal comprehension, and oral and written communications? Communications
Economic situation in which many businesses offer very similar products and services for sale? Competition
Purchase and use the products and services produced by bussiness? Consumer
A number of people own the business through the purchase of stock but have limited responsibility and liability? Corporation
A judicial decision settling and ending a controversy? Determination
Responsibility, vigor, initiative, persistence and health? Drive
The duty of a business to protect the natural resources affected by its products and operations? Environmental Responsibility
A person who takes the risk of starting and operating a business with the goal of making a profit? Entrepreneur
Individuals, families, or others who make purchases for their personal consumption? Final Consumers
The federal, state, or local governments pass laws or take steps to prevent harm to consumers, businesses or the environment? Government Regulation
The study of group behavior for the purpose of improving interpersonal relationships, as among employees. Human Relations
A person who assumes responsibility for the successful operation of a business? Manager
A set of factors that influence an individual's actions toward accomplishing a goal? Motivation
A visual device that shows the structure of the organization, the division of work, and the relationships among employees? Organization Chart
A contract describing the relationship and responsibilities of each patner? Patnership Agreement
Conversion of raw materials into consumable products? Producers and Manufaturers
One person owns a business and takes the major responsibility for decisions about its operation? Proprietorship
Taking a chance to suffer a loss or to make a gain? Risk
Provide business activities that do not result in the ownership of anything tangible? Service Businesses
The ability, coming from one's knowledge, practice, aptitude, etc., to do something well? Skills
The duty of a business to contribute to the well-being of society? Social Responsibility
The relationship between production and consumption? Supply and Demand
Original, creative, critical, and analytical thinking Thinking Ability
A distinguishing feature, as of a person's character? Traits
Identify where specific types of business can operate? Zoning Laws
Created by: eramig