| A | B |
|---|
| worker is one who has no explicit or implied contract for long-term employment | contingent worker |
| A written legal document that identifies ownership and operating procedures and conditions for a business | Articles of incorporation |
| 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 | Corporation |
| A written contract granting permission to operate a business to sell products and services in a prescribed way | Franchise |
| A specific statement of results that business expects to achieve | Goal |
| businesses involved in selling the goods and services of producers to consumers and other businesses | Intermediaries |
| statement that is short, specific written statement of the reason a business exists | Mission Statement |
| A diagram that shows the structure of an organization, classifications of jobs, and the relationships among those classifications | Organization chart |
| A business owned by more than 1 person | Partnership |
| An agreement between partners in a business | Partnership agreement |
| A business owned by just one person | Proprietorship |
| guidelines used in making consistent decisions | Policies |
| activities that are directed at providing the goods and services wanted by a business's customers | procedures |
| businesses that complete activities that are consumed by customers rather than offering products for sale | service business |
