Principles of Business Ch. 5 Test Review Part II

Match it! Select the correct answer from the pull down...Good luck!

A written legal document defining ownership and operating procedures and conditions for a corporation is called the

A precise statement of results a business expects to achieve is a

Which of the following would typically NOT be specified in a partnership agreement?

A major advantage of a functional organizational structure is that

The people who make the major policy and financial decisions for a corporation are called the

The right to make decisions about how responsibilities should be achieved is called

Employees at the Trexel Company are frequently confused about their assignments, and many employees are unclear about who exactly they report to. Trexel Company does not seem to provide an adequate

A unique business organized by two or more other businesses to operate for a limited time and for a specific project is called a