_____ 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.