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6.7. Read the text and decide whether the statements are true (t), false (f) or information is not available (n/a):

1. Nonprofit groups are never organized as corporations.

2. Corporation is a group of people authorized to act as an individual, e.g. for business purposes.

3. A board of directors controls policies of a partnership.

4. Partnerships and individual proprietorships exist only as long as their owners are alive.

6.8. Complete each sentence with one of the following words or phrases:

Individual proprietorship agreement partnership

full limited corporation responsibility

1. An … is usually needed to decide how much of the partnership each person controls.

2. The simplest form of business is called an … .

3. Another kind of business is the ……….

4. The most complex kind of business organization is the … .

5. Limited liability partnerships have …partners and … partners.

6.9. Fill in the gaps.

1. The simplest form of business is called ( ).

2. Another kind of business where two or more people go into business together is called ( ).

3. ( ) have full partners and limited partners.

4. If shares lose value, ( ) can lose all of the money they paid for their stock.

5. ( ) are not responsible for the debts of the corporation.

6. In case of a corporation a ( ) controls corporate policies.

6.10 Answer the questions:

1. What is the proprietor owning all of the property of the business responsible for?

2. What is usually needed to decide how much of the partnership each person controls?

3. What advantages and disadvantages Limited partners have?

4. How long do different forms of business exist?

5. How long can investors keep their stocks?

6. Who can lose all of the?

8. Who controls corporate policies money they paid for their stock?

7. Who are not responsible for the debts of the corporation?

6.11 Переведите в следующих предложениях состояние действием. Используйте и другие трансформации.

1. A. grinder is able to tool, polish and size workpieces.

2. Requirements in accounting are becoming much stricter.

3. The prime source of unbalance is the wrong book keeping.

4. The bicycle was then solid tired and grotesquely composed of one five-foot wheel and one tiny one.

Unit II Competition

1. Business Means Competition

This unit describes: - или мы даем подобное описание перед каждым юнитом, или убираем здесь

- Idioms

- Jockeying for Position

- One company Targets Another

- Internet Technologies

- The Price of Pleasure

- Big Return from a Small Investment

- How Competitive Forces Shape Strategy

- Starting a Fish Farm

- Foreign Students Financial Aid

1.1.Words to remember:

drive-through windows sale

покупка за рулём

target

ставить целью

heat up

догревать, накаливать

competition

конкуренция, соперничество

sales

объём продаж, товарооборот; валовой доход

slow down

замедлять

watering down of

разбавлять, weakening

provide

снабжать; доставлять; обеспечивать

success

удача, успех, благоприятный исход

on the other hand

с другой стороны

face

сталкиваться

increasing

растущий; увеличивающийся; усиливающийся

chairman of the board

председатель совета директоров

get some good press

получить высокую оценку в печати

donate

пожертвовать