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Business in the U.S. Economy

Horizontales
A clear reporting relationship for all staff of a business
Businesses involved in selling the goods and services of producers to consumers and other businesses
The obligation to complete specific work
A precise statement of results the business expects to achieve
Taking responsibility for the results achieved
A written legal document that defines ownership and operating procedures and conditions for the business
A business owned and controlled by two or more people who have entered into an agreement
A written contract granting permission to operate a business to sell products and services in a set way
A written agreement among all owners
Number of employees who are assigned to a particular work task and manager
Verticales
Provides liability protection for owners
Guidelines used in making consistent decisions
Carries out activities that are consumed by its customers
One who has no explicit or implicit contract for long-term employment
A separate legal entity formed by documents filed with a state
A short, specific written statement of the reason a business exists and what it wants to achieve
Descriptions of the way work is to be done
The right to make decisions about how responsibilities should be accomplished
Create the products and services used by individuals and other businesses