Ex. 6.1 Listen to the text and define types of companies.

What sort of a company is it?

There are many types of business organizations, and the different terms can be confusing. These are short descriptions of each type;

Company (UK) organization operating to make a profit

Corporation (US) friendly association of people: for example, a

Society sports society

enterprise new commercial activity;:

Limited company firm where shareholders ‘ liability is limited

Cooperative democratic firm owned by its workers

Multinational organization operating in several countries

Parent company company which owns another

Subsidiary(affiliate) firm owned by a parent company

Holding company firm, usually without commercial activity, created to be parent to other companies

Public company company whose shares are publicly available

Private company company whose shares are not publicly available

Nationalized co y company owned by the state

Government agency organization which is part of the state organization

Charity organization to relieve poverty, advance religion or

Education, benefits from some financial concession

Offshore company firm based in a tax haven to avoid higher taxation

Minority interest company in which another firm has less than 50% interest

Operation general word for a company, usually a small one,

a nd part of alarge.It also means activity. For

example: our commercial operation

partnership two or more partners working together for profit,

without limited liability.

Lesson II. The structure of a Company.

6. 2. Look at the tableand tell about the sructure of a company:

Who is the boss?

Rockbridge International Corporate Organization.

Board of Directors:

Chairman of the board

President and chief Executive Officer

Vice-president, vice-president, vice- president, vice-president, Senior

Corporate international public relations general council vice-president,

Development and advertising corporate staff

President, vice-president, vice-president, vice-president, vice-president,

Automotive investor Personell Finance research and

Operations relations engineering

The above diagram is called an organization chart (or family tree). It shows the chain of command in an organization.

6.3. Who’s responsible for business system?

The structure of a «mixed» type of multinational company based in the US;

Some activities are organized into domestic, regional and international divisions, others into worldwide product divisions.

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