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Ex.6. Answer the following questions.

Jane's first bank account | Use the following word combinations. Make all the necessary changes to suit your story. | GOING INTO BUSINESS FOR YOURSELF. | Ex.3. Turn these sentences into disjunctive questions by adding the proper question tags. By asking questions you attempt to clarify a piece of information at your disposal. | Ex.1. What is missing? Check your answers with the text above. | Ex.3. Active or passive? Put in the correct verb form. | Ex.3. Check the meaning and pronunciation of these words. | Reading and discussion. | Ex.14. Read the text using appropriate words from the list below. Summarize the ideas about the role of partners in a partnership. | PRICES AND MARKETS. |


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  1. A LACONIC ANSWER
  2. A The following are dictionary definitions of different types of markets.
  3. A) Give the Russian equivalents for the following word combinations.
  4. A) Look at this extract from a TV guide and the photo and answer the questions.
  5. A) Make sentences in bold type less definite and express one's uncertainty of the following.
  6. A) Read the article to find the answers to these questions.
  7. A) Read the following comments from three people about their families.

 

1. Does the text refer to Britain or to the U.S.A.? How can you see it?

2. Why is a corporation legally separate from its owners?

3. What economic and legal functions can a corporation perform?

4. What is the liability of stockholders for the debts of the corporation?

5. What document must a corporation obtain?

6. Who are the owners of a corporation?

7. What does a stock certificate represent?

8. What rights do shares provide?

9. Who appoints executive officers?

10. How does a corporation obtain financial resources?

11. How do stockholders share in the profits of the corporation?

12. What benefits can shares bring to their holders?

 

GRAMMAR AND VOCABULARY PRACTICE.

 

Ex.7. Read the texts (British variant) using correct forms of the verbs.

 

1) A limited company (have) an identity separate from that of the shareholders who (be) its owners. In case of bankruptcy, the claims of the creditors (limit) to the assets of the company. This (mean) that shareholders (be, not) liable as individuals and their private assets outside company (touch, not).

2) The Memorandum (be) a document which (set out) the main objects for which the company (form) and what it (allow) to do. The Articles of Association (prepare) together with the Memorandum. They (state) the rules under which the company (run). They (govern) matters like issue of the share capital, the appointment and powers of directors and the proceedings at general meetings. When the Memorandum and Articles of Association (be) ready, you (may, apply) to the Registrar of Companies. A Certificate of Incorporation (will, issue), which (can, call) the birth certificate of your company.

 

Ex.8. Complete the table.

 

VERB NOUN ADJECTIVE
Differ    
Exist    
    transferable
  Development  
  Appointment  
Require    
  Acquisition  
    elective
Provide    
  Decision  
    registered
determine    
Finance    
Defend    

 

Ex.9. Read the extracts using correct forms of the words.

1) A corporation (differ__) from sole (propriet__) and (partner__) in that it has an (exist__) separate from its (own__). Thus, a corporation is not liquidated with every change in (own__). Shares can be sold and bought at any time, they are (transfer__).

2) Limited companies have to show their (regist__) number and address of the (regist__) office on their stationery.

3) If a company’s (finac__) state is good and it (require__) additional funds, the stockholders may be asked to vote for the (issu__) of additional shares of common stock. The (decide/s__), however, must be carefully thought out. If too many shares are (issu__), the basic value of each share is reduced.

 

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Ex.18. Read the following aphorisms and sayings. Use some of them in preparing an essay on small business.| Make up correct variants of statements.
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