These are some helpful word-combinations in addition to the glossary that you will translate, memorize, and use while discussing the problems.

to start business, to exploit new opportunities, to pool resources, to share in the profits, to borrow/lend money, to be liable for, to provide a powerful incentive, to apply modern methods, to carry out life insurance, to balance the gains against losses, to change ownership, to set up a firm, to incur (un)limited liability, to carry on a business, to form partnership, to engage in business, to acquire the advantage, to hold shares, to carry on a business, to locate liability, to fuel prosperity/growth, to gain an edge.

1. Explain what a small business firm is.

2. What form of a small-scale business attracts you most? Why?

3. Isn’t a partnership less risky than a sole proprietorship? Either you agree or disagree, give your reasons.

4. Explain to a fresher what is understood under changing of ownership and why it is a severe limitation to the size of small businesses.

5.What kind of a business partner would you like to have?

6. What kind of a firm would you like to set up? Contrast advantages against disadvantages of sole proprietorship (partnerships).

7. In what ways do small businesses contribute to our economy and society?

8. Evaluate the economic and social contribution of small businesses in the United States and in Russia.

9. Give examples of the most typical small business firms.

For your notes:

UNIT III LARGE - SCALE BUSINESS

Glossary

stock основной акционерный капитал, акция

common stock обыкновенная акция

preferred stock привилегированная акция

to restrict ограничивать

to entitle давать право

to transact вести дела, заключать сделку

earnings поступления, доход

annual ежегодный

board of directors совет директоров

charter устав

legislature законодательная власть

to vote голосовать

to pool объединять в общий фонд

to raise capital/funds находить источники финансирования, привлекать средства

principal капитал; сумма, на которую начисляются проценты

interest rate=interest процентная ставка

prospectus проспект эмиссии

hire-purchase аренда с последующим выкупом

to lease арендовать

underwrite an issue гарантировать выкуп акций

Ex. 1 Arrange these words into groups according to some principle. As long as you have a good reason, there may be several principles of grouping. Translate the words.

To restrict, transaction, annual, fulfilment, to pool, holder, treatment, to pay, liable, annually, restrictive, to fulfil, routine, participation, liability, to charter, a pool, to treat, routinely, to hold, a vote, payment, to proceed, to participate, charter, restriction, to vote, to transact, proceeds.

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