II. , :
Possessions, adjustment, proprietor, failure, headings, enterprise, efficiency, ownership, conditions, flexible, failure, liability, debts, decisions, responsible.
1) The different types of business organisation may be classified under five
2) This is the simplest and the oldest form of business
3) A single person is solely for the success or of the business.
4) His is unlimited.
5) and control are vested in one person.
6) This type of organisation is extremely and capable of quick to changes in market
7) The owner is personally liable for the incurred by his firm.
8) All his are at risk.
9) A single person provides the capital, takes the , and assumes the risks.
III. :
Enterprise, decision, acquire, business, obtain, need, event, proprietor, case, owner, responsible, solution, liable, require.
IV. :
Strength, profit, success, security, weakness, amount, failure, quantity, danger, loss.
V. , :
Advantage, limited, able, employment, important, compared, personal, capable
VI. :
, , , , , , , , , .
VII. :
To find, to classify, to refer, to take, to make, to bear, to lie, to enjoy, to run, to require, to meet, to borrow.
VIII. , :
1) Are, control, and, in, ownership, person, one, vested.
2) Organisation, of, is, this, flexible, type, extremely.
3) Risk, all, at, possessions, his, personal, are.
4) As, the, often, referred, is, business, it, to, one-person.
5) Relatively, joint stock company, is, compared, unimportant, it, the, with.
IX. :
1) The different types business organisation to be found the UK may be classified five headings.
2) This is the simplest form business enterprise and is often referred as the one person business.
3) He is solely responsible the success the business.
4) The strength this type firm lies the direct personal interest the proprietor in the efficiency his business.
5) The owner is personally liable the debts incurred his firm.
6) All his personal possessions are risk.
7) Another disadvantage the type of firm is the strict limitation its ability to acquire capital expansion.
8) Finance is restricted the amounts which the entrepreneur is able to provide... his own resources and whatever sums he can borrow... his own security.
X. :
1) The different types of business organisation may be classified under five headings.
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2) The owner is personally liable for the debts incurred by his firm.
3) The one-person business is prevalent in farming, retailing, repair and maintenance work.
4) A single person provides the capital, takes the decisions, and assumes the risks.
5) The oldest form of business enterprise is often referred to as the one-person business.
XI. , , :
1) The different types of business organisation (to find) in the UK may (to classify) under five headings.
2) He (to have) the sole rights to such profits as may (to accrue) or alternatively, (to bear) the sole responsibility for such losses.
3) The one-person business (to be) still far more numerous than any other type of business organisation.
4) Ownership and control (to vest) in one person who (to enjoy) all the fruits of success.
5) He (to have) no need (to consult) collegues when changes of policy (to require).
6) We should (to expect) this type of organisation (to be) extremely flexible.
7) All his personal possessions may (to seize) (to meet) creditors demand.
8) Finance (to restrict) to the amounts, which the entrepreneur is able (to provide) from his own resources and whatever sums he can (to borrow) on his own security.
XII. :
1) What are the types of business organisation to be found in the UK?
2) What is the simplest and oldest form of business enterprise?
3) What is the strength of the one-person business?
4) What are the disadvantages of this form of business organisation?
5) Why is the one- person business less important compared with the joint stock company?
6) Where is the one-person business prevalent?
Prices and Markets
1. :
Determinant, valuable, commodity, subjective, worth, transaction, reveal, nowadays, kind, arise, necessarily, familiar, meaning, arrangement, requirement, efficiently, foreign, participants, countrywide, world-wide, foodstuffs.
