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Ex. 19. Match the words with their definitions.
| _____ partnership | a. going into business for oneself |
| _____ sole proprietorship | b. a company whose owners enjoy limited liability for the company's debts and losses |
| _____ corporation | c. a limited company that does not issue shares for general public |
| _____ limited company | d. a place where shares are regularly traded |
| _____ public company | e. two or more partners working together for profit, without limited liability |
| _____ private company | f. limited company whose shares may be purchased by the public and traded freely on the open market |
| _____ shareholder | g. any of the equal parts into which the capital stock of a company is divided |
| _____ a share | h. the share of a cooperative society's surplus allocated at the end of a period to members |
| _____ assets | i. the owner of one or more shares in a company |
| _____ dividend | j. any property owned by a person or firm |
| _____ charter | k. the state, condition, or quality of being or becoming bankrupt |
| _____ Stock Exchange | l. organization operating to make profit |
| _____ bankruptcy | m. the fundamental principles of an organization; |
Ex. 20. Generate other forms from these words.
| ownership | ||
| to imagine | ||
| to refer | ||
| practical | ||
| coverage | ||
| retired | ||
| to agree | ||
| to specify | ||
| attraction | ||
| willing | ||
| to pay | ||
| protection | ||
| to profit |
Ex. 21. Find in the texts equivalents to the following Russian words and word-combinations.
1. торгово-промышленная корпорация ________________________________________
2. совет директоров ________________________________________________________
3. обанкротиться __________________________________________________________
4. прекратить существование ________________________________________________
5. личное имущество _______________________________________________________
6. привлекать финансовые ресурсы ___________________________________________
7. учреждать корпорацию ___________________________________________________
8. подоходный налог _______________________________________________________
9. управлять корпорацией напрямую __________________________________________
10. являться объектом налогообложения _______________________________________
Ex. 22. Fill in the gaps with the words and word combination from the box.
| shares, agreement, liability, to dissolve,general, rights and obligations, shareholder, public, Stock Exchange, entity,liquidation, private, to establish, additional capital |
1. Partnerships are created by an__________________, oral or written, which expresses the
_______________________________of each partner.
2. It is also easier for partnerships to obtain ________________________________.
3. Partnerships are not as easy _____________________ as sole proprietorships.
4. Partnerships are a stronger ______________ than proprietorships.
5. If it is a public limited company, ______________can be bought and sold freely, usually at
________________________.
6. When the owners of the partnership have unlimited________________ they are called
___________________ partners.
7. A limited company may be ______________ or ________________.
8. If the company fails, it will stop trading and go into _____________________.
9. A person who owns a stock certificate is called a _____________________.
10. It is more expensive and complicated __________________corporations than proprietorships
or partnerships.
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