Key words and phrases

COMPANIES

Company is a corporate enterprise that operates as one single unit, in the success of which all the members participate. Company is made of a number of people united in an industrial or commercial enterprise. Each company works its own policy.

There are different types of companies. A registered company is the most common type of company. A company may be registered either as a public limited company or private company. Private Limited Company is a limited company, which must not invite the public to subscribe for its shares or debentures, does not allow its members to transfer their shares without the agreement of the other shareholders. It must have at least 2 but usually not more than 50 members. Public Limited Company is a limited company, which can offer its shares and debentures to the public. Its members can transfer their shares to other persons. It must have at least 7 members. The regulation of such companies is stricter than of private companies. Subsidiary Company is a company of which more than half the share-capital is owned by another company, called a holding company or a parent company.

People in a company, its employees hold different positions. Most firms are divided into 3 major parts: capital (shareholders), management, labor. The head of any company is a President. The Board decides what company policy and expenditure must be. There are executive and non-executive directors. The directors, who run the firm on day-to-day are called executive directors. Non-executive directors do not run the company on day-to-day, they sit on the Board.

Key words and phrases

Board of directors - рада директорів

Corporate корпораційний

Debt борг

Department відділ

Enterprise підприємство

Holding\parent company холдинг-компанія

Incorporate company компанія зареєстрована як корпорація

Join - stock company акціонерна компанія

Legal person юридична особа

Liability відповідальність

Multinational міжнародна корпорація

Property власність, нерухомість

Public Limited company компанія з обмеженою відповідальністю

share – capital акціонерний капітал

Shareholder акціонер

Subsidiary дочірня компанія

To operate діяти

To own володіти

To participate брати участь

To register a company зареєструвати компанію

To supply постачати

I. Give the English equivalents:

Корпорацій не підприємство, брати участь, спланований спосіб дій управління, офіційно зареєстрована компанія, юридична особа, дочірня компанія, власник, фінансова відповідальність, пропонувати свою частку, акціонерний капітал, обіймати різні посади, зв’язок між працівниками, акціонер, політика компанії, керувати відділами фірми, бути в раді директорів.

II. Fill the blanks with the appropriate words:

1. Company is made of a number of people united in an industrial or commercial ….

2. A … is a company that is publicly registered and legally separated from its owners.

3. Many well-known companies are …, these are companies which operate in a number of countries

4. A company may be registered either as a public limited company or a … company.

5. … is a limited company, which can offer its shares and debentures to the public.

6. Subsidiary company is a company of which more than half the share-capital is owned by another company, called either a … company or a … company.

7. A joint- stock company is a company in which the members pool their …, trading on the basis of their joint

8. The … decides what company policy and expenditure must be.

(multinationals, Public Limited company, enterprise, stock, corporation, private, Board, a holding company, a parent company).

III. Match the words in column 1 with their equivalents in column 2:

1. to operate a) responsibility

2. to participate b) part

3. planned c) to take part

4. liability d) permission

5. share e) organized

6. to allow f) management

7. regulation g) to let

8. agreement h) to act, to work

IV. Answer the following questions:

1. What is the company?

2. What does the abbreviation “Pls” mean?

3. Name the most common types of a registered company.

4. Explain the meaning of a multinational.

5. Describe the structure of a multinational.

6. What makes organization structure of a company.

7. What parts are modern typical firms divided into.

8. There is a difference between an executive director and non-executive director, is not there. What is it?

9. What officer is the link between the Board and senior management.

10. Do middle managers run different departments of a firm?

Дата добавления: 2015-11-14