| A | B |
|---|
| articles of corporation | written legal document identifing ownership and operation and conditions of business |
| contingent worker | One who has no explicit or implicit contract for long-term employment |
| corporation | Separate legal entity, forms filed by the state, with 1 or more shareholders managed by a board of directors |
| franchise | Written contract granting permission to operate a business in a prescribed way. |
| goal | specific statement of results the business expects to achieve |
| intermediaries | Businesses involved in selling the goods and services or producers to consumers and other businesses |
| mission statement | A short, specific statement of the reason a business exists and what it wants to accomplish |
| organization chart | Diagram showing structure of the business, job classifications, and work relationships |
| partnership | Two or more people entering business together with a written agreement |
| partnership agreement | Written agreement specifying the rules and procedures to guide ownership and operations |
| policies | Guidelines used in making consistent decisions |
| procedures | Descriptions of the way work is to be done |
| proprietorship | business owned and controlled by just one owner |
| service business | Business that complete activities consumed rather than offering products for sale |
