III. Fill in the gaps with the words from the box.

	shareholders management workforce board of directors chairman managing director department managers

Most companies are made up of three groups of people: the _________ who provide the capital, the ______ who operate the business and the _______ who is employed to do work.

At the top of a company there is the ______ who is responsible for making policy decisions and for determining the company’s strategy. It is usually headed by a _____ and appoints a ______ who has responsibility for the running of the business. _______ head various departments within a company.

IV. Answer the questions choosing the replies from the definitions.

	Question		Definition
1.	What is a board?	a.	a person who own shares
2.	Who is a chairman?	b.	a person employed to manage
3.	What is a department?	c.	a group of directors who control a company
4.	Who is a manager?	d.	a part of a company where people do a particular job
5.	Who is a shareholder?	e.	people who work for a company for money
6.	What is a company?	f.	a plan that is used to achieve something
7.	What is strategy?	g.	the head of a company
8.	What is workforce?	h.	a group of people formed for some business

V. – Circle the word that does not belong to each horizontal group.

1.business company society subsidiary

2.salary manager director employee

3.finance product research marketing

4.distributing selling assembling promoting

5.components tools hardware strategy

6.end user customer client distributor

– Which group of the words refers to the following definitions?

a) people who buy goods or services

b) types of commercial organizations

c) different departments or functions

d) people who work inside a company

e) activities that involve meeting customers

f) products that can be sold

VI. – Mind the most common verbs and phrases for describing company

Structure.

to consist of = to be composed of = to be made up of	– состоять из
to include	– включать, заключать
to be divided into	– делиться, подразделяться на …
to be in charge of	– заведовать, руководить
to be responsible for	– отвечать за
to be responsible to	– отчитываться перед кем-либо
to be accountable to	– быть подотчетным
to deal with	– иметь дело с чем-либо, заниматься чем-либо

– Translate the sentences using the above verbs and phrases.

1. The company consists of five main departments.

2. The marketing department is made up of three units.

3. The sales department is divided into two sections.

4. This group of companies includes subsidiaries in different countries.

5. The personnel department is in charge of the workforce.

6. The marketing department is responsible for advertising, sales and market

research.

7. They deal with the contracts with English partners.

8. All the department managers are accountable to the managing director.

9. The sales manager and the advertising manager are responsible to the

marketing manager.

10. Management is responsible for the day-to-day running of the company.

11. Various departments are included into the company structure.

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