5. , :
1. What is a sole proprietorship?
2. What is a corporation?
3. What are the advantages of a corporation?
4. What is a limited partnership?
5. What forms of business organization do you know?
a. In this form of organization there is more than one owner, but the limited partner has no right to take part in the management of the firm.
b. It is a more formal way of organization, which is established to make profit and is operated by managers.
c. Sole proprietorship, partnership and corporation.
d. The ability to attract financial resources and to attract talented managers and specialists.
e. It is the simplest form of business organization. There is only one owner of his or her business.
6. , :
1. A sole proprietorship is an organizational form of. a) only one owner;
2. A partnership is a business form of.... b) more than one owner;
3. A corporation is a business form of.... c) an institution operated by managers.
4. The disadvantage of a partnership is.... a) the ability to attract financial resources and talented managers.
5. The advantage of a corporation is.... b) that the partners may disagree with each other.
c) that the owner makes decisions without consulting anyone.
, .
One bright summer morning a well-dressed young man who (to look) ________ like a gentleman (to come)__________to see a well-known dentist in Picadilly street. He (to show)-------------------into the waiting-room by the nurse and she (to tell) ________him that the dentist (to be) _______________ready to see him in a few minutes. The dentist (to attend)_____________to another case at that time but he (to happen)___________to look through the door which only partially (to shut)____________He (to see)________that the man (to put) _ ________various silver things into his pockets. The dentist requested him to come into his dentistry and to be seated. On finishing the examination he said: If you (not to empty)_____.________your pockets two of your front teeth (to pull out)___ _____________right now.
, .
1. Everybody in... office except... boss comes to... work on... foot.
2.... Port of London is to... east of... City. This is... East End of London, unattracitive in... appearance, but very important to... country's commerce.
, .
1. The doctor asked me if I could take care... my friend as there was nobody else but me who could look... him while his parents were... holiday.
2. The passengers were standing... a queue, waiting... their turn to get... board... the plane.
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, .
The Blake family are going to have dinner.
Mr. B:_________________________________________________
Mrs. B. I'd like to have dinner in the garden.
Mr. B: _____________________________________________
Mrs. B: Yes, I'd like to have a cold drink.
Mr.B: ___________________________________________-------
Mrs. B: I have cooked chicken with rice and vegetables.
Mr. B: Excellent._________________________________--------
Mrs. B: Your favourite apple-pie.
Mr. B:_________________________________________________
Mrs. B: Simon and Brenda are dining out today.
5
I. :
1. to have the right a.
2. management skills b.
3. key to success c.
4. favourablesolution d.
5. to make decisions e.
6. topmanagement f.
7. supervisor g.
8. company's affairs h.
9. middle management i. ()
10. to implement the approach j.
11. innovation .
12. operating management 1.
2. :
personnel, company, president, vice president, alternative, analyze, problem, function, plan, organize, control, element, business, effective, motivation, staff, leader, communication.
3. :
1. Management is the art of getting things done through other people. It includes the personnel who have the right to make decisions that influence company's affairs.
2. There are three management levels: top management, middle management and operating management. Top management includes the president, vice presidents, and the general manager. Middle management includes department managers and plant managers. Operating management includes supervisors, foremen, etc.
3. The most important responsibility of any manager is decision making. Successful management is a skill of choosing from alternatives.
4. Decision makings are divided into: recognizing the problem, defining and analyzing the problem, evaluating alternative solutions, choosing the most favourable solution and implementing the approach chosen.
5. Management functions are planning, organizing, directing, controlling, staffing and innovating. It should be noted that successful management is based on three basic elements: leadership, motivation and communication.
6. To operate a successful business one should have management skills because effective management is the key to business success.
