Comprehension. Agree or disagree with the statements.

Agree or disagree with the statements.

1. Service companies include companies such as accounting firms, law firms, repair shops and others.

2. Merchandising companies buy materials, convert them into prod­ucts.

3. The owners of the partnership are called shareholders or stockholders.

4. Single proprietors are responsible for all debts of the business.

5. Partnerships are created by an agreement.

6. Corporations have the advantage of unlimited life and limited liability.

7. A partnership is the easiest way to get started in a business activity.

8. The stockholders directly manage the corporation.

Vocabulary

Find the equivalents in the text.

Торговая компания; предприятие; компания, занимающаяся предоставлением услуг; автодилеры; индивидуальное предпринимательство; собственник несет ответственность; товарищество; корпорация; акции; избирать совет директоров; недостаток; двойное налогообложение доходов; платить налоги.

Match the words from column A with the words from column B to make a phrase.

A	B
1) to pay	a) debts
2) to elect	b) a firm
3) to be responsible for	c) the interests
4) to be ready	d) the amount of money
5) to own	e) a service
6) to receive	f) for sale
7) to represent	g) a board of directors
8) to manage	h) the income
9) to lose	i) taxes
10) to perform	j) a company

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