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 a contingent worker? | One who has no explicit or implicit contract for long-term employment
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What is a partnership? | A business owned and controlled by two or more people who have entered into a written agreement.
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What is a mission statement? | A short, specific written statement of the reason a business exists and what it wants to accomplish.
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What are procedures? | Descriptions of the way work is to be done.
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What is a goal? | A specific statement of results the business expects to achieve.
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What is articles of incorporation? | A written legal document that idetifies ownership and operationg procedures and conditions for the business.
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What are intermediaries? | Businesses involved in selling the goods and services of producers to consumers and other businesses.
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What is a corporation? | A seperate 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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What is a franchise? | A written contract granting permission to operate a business to sell products and services in a prescribed way.
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What is a proprietorship? | A business owned and controlled by one person.
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Created by:
main92
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