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V. Read the text again and decide whether these statements are true (T) or false (F).

III. Read the text and give the definition of business. | III. Read the text and explain the highlighted words. | IV. Answer these questions using the active vocabulary of the text. | VII. Choose the appropriate translation of the following sentences. | IV. Read the text and check up your answers in ex. III. | V. Answer these questions using the active vocabulary of the text. | Batch production | II. Match the words in the left column with the definitions in the right column. | VI. Find Russian equivalents to the following phrases in the second column. | III. Read the text and say who made America great. |


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  6. A) Read the article to find the answers to these questions.
  7. A) Try to answer these questions.

1. The financial condition of the firm is the same as the financial condition of the owner.

2. The sole proprietor mustn’t pay debts from his or her own pockets.

3. A sole proprietorship doesn’t have any difficulty in obtaining capital.

4. A partnership is an unincorporated enterprise owned by two or more individuals.

5. There are three types of partnerships: general partnerships, limited partnerships and joint venture.

6. Complementary management skills are a minor advantage of partnerships.

7. In partnerships the limited liabilities are both joint and personal.

8. Limited companies are not created by law and are not separate from the people who own and manage them.

9. Limited companies end with the death of owners.

10. Limited companies are subject to federal and provincial income taxes.

VI. Choose the correct variant to finish the sentence.

1. The financial condition of the firm………..

a) is the same as the financial condition of the owner.

b) is better than the financial condition of the owner.

c) depends on the financial condition of the shareholder.

2. Some proprietors try to protect themselves…….

a) lending assets such as their houses and automobiles to their relatives.

b) selling assets such as their houses and automobiles to their spouses.

c) pledging the assets to their relatives.

3. A partnership is an unincorporated enterprise owned……….

a) by two or more firms.

b) by the members of the government.

c) by two or more individuals.

4. In limited companies, ownership is represented by……...

a) shares of stock.

b) assets.

c) investors.

5. All of the partners are……...

a) subject to limited financial liability.

b) subject to unlimited financial liability.

c) subject to unlimited juridical liability.

6. Limited companies are subject to ……...

a) shareholders’ income taxes.

b) federal and provincial income taxes.

c) foreign investors income taxes.

VII. Make an outline of the text consisting of 5-8 sentences.

VIII. Retell the text according to its outline.


IV. Careers in Business

I. Go through the following vocabulary notes to avoid difficulties in understanding and find these words in the text.

accounting бухгалтерское дело track путь,запись
data processing обработка данных undergo испытывать
bookkeeper бухгалтер pursue преследовать
aptitude пригодность boost поддержка
advancement продвижение extend простираться
goal задача requirement требование
predictable предсказуемый self-assesment самооценка
trial испытательный competitive конкурентный
human resources трудовые ресурсы background биографические данные

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Sole Proprietorship| II. Match the words in the left column with the definitions in the right column.

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