a parent company
a holding company -
a subsidiary [ sәb΄sidiәri] ( )
Companies are involved in many activities, for example buying, selling, marketing and production, in a range of different industries, such as information technology, telecommunications, finance, and car manufacture. Many well-known companies are multinationals. These are companies which operate in a number of countries.
Multinationals often have a complicated structure. There is usually a parent or holding company. This company owns other companies or parts of other companies. These other companies are called subsidiaries.
13. Read and translate the text.
You can find information about a job in an ad (advert/advertisement). You can also search or look at websites and register with an employment agency.
You reply to a job advert. You apply for a job by writing an application letter and/or filling in a form. A CV lists your qualifications and experience. A statement from someone who knows you to support your application is a character reference ( ).
A job that is available is a vacancy. If a company wants new staff, they recruit or take on people. If you are headhunted (), a person/company asks you to leave your job to work for another organization. If you decide not to accept a job, you turn it down.
The people who interview you are the interview panel. People who are competing for a job are candidates. The stages of finding a person for a job make up the selection process.
Companies use psychometric tests or handwriting analysis to test candidates' ability to think and to analyse their personality.
The Human Resources department helps to choose new employees and explains the systems in a company.
Task II. Practise using the Language reference.
Read and translate the sentences.
a) Craig got a job working for an insurance company.
b) The company are hoping to expand their operations abroad.
c) The company was set up just after the war.
d) Quite a few companies went bankrupt in the late 1980s.
e) It's not company policy to exchange goods without a receipt.
f) Each company is headed by the President or the Chief Executive officer.
g) The Chief Executive works together with the Board of Directors.
h) The Board of Directors makes the policy decisions.
i) The Board of Directors appoints one of their members to the position of the Managing Director
j) The Managing Director is in charge of the day-to-day running of the company.
k) I'm responsible for staff training.
l) Mae's in charge of recruitment.
m) We don't deal with complaints by phone.
n) Mark's been unemployed for nearly a year. He keeps looking at the job ads in The Times but there's nothing suitable. He should register with an employment agency or look at Monster.com.
o) They decided not to take on any new designers.
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p) He turned the job down.
q) Every time I go to an interview these days I have to do a psychometric test.
Task III. Test it.
Find and correct three mistakes.
Does your job involve meeting lots of people?
Mo's in charge for 120 people.
Im responsible of the computer network.
I spend most of my day writing emails.
In my job I deal in in-house training ( ).
Circle the correct option, A or B.
a) What don't you like about your job?
A I have to deal invoices ( [] ) all the time.
B I have to deal with invoices all the time.
b) What's your job title?
A I'm the Marketing Manager.
B I work in marketing.
) What does your job involve?
A I'm working part-time at the moment.
B I spend most of my time meeting new clients.
) What will you be doing in your new job?
A I'll be responsible of the Production department.
B I'll be responsible for the Production department.
