5. Answer the following questions:

1. What makes people think about owning a business of their own?

2. How do many business leaders begin their careers as entrepreneurs?

3. What helps potential entrepreneurs to start and operate a business?

4. What problems do small businesses face?

5. Who does the tasks of organizing and operating in a large business?

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6. What kinds of business organizations do you know?

7. What are the advantages and disadvantages of sole proprietorship,

partnership and corporation?

8. What other special types of business organizations do you know?

6. Match the words from the left-side column with their definitions from

the right-side column:

1. business a. to give sb money for work, goods,

services, etc

2. to risk b. the money that you make in business

or by selling things, especially after

paying the costs involved

3. sole proprietorship c. a person who makes money by

starting or running businesses,

especially when this involves taking

financial risks

4. to pay d. a business that is owned and run by

one person

5. tax e. a business that is owned by a group of

professional people who work together

and share the profits

6. debt f. the activity of making, buying, selling

or supplying goods or services for

money

7. stockholder g. an amount of money that a person, a

company, a country, etc. owes

8. partnership h. to put smth valuable or important in a

dangerous situation, in which it could be

lost or damaged

9. profit i. a person or group that owns shares in

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a company or business

10. entrepreneur j. money that you have to pay to the

government so that it can pay for public

services

7. Read the sentences and decide if they are true or false:

1. There are not many reasons that make people think about owning a business

of their own.

2. Many colleges now offer programs that teach students how to start and

operate a business.

3. A common way to learn about business, and the opportunities for starting

one similar to it, is to learn while working for someone else.

4. Large businesses face many problems.

5. In a small business the tasks of organizing and operating are done by many

hired managers.

6. A corporation is a business organization created under a government

charter.

8. Fill in the gaps with the words and expressions from the text:

1. There are numerous reasons that

_______________________________________________.

2. Many colleges now offer programs that

________________________________________________.

3. ___________________________ start their businesses in industries in

which they have some experience.

4. Bad economic times affect small business ________________________.

5. Other kinds of business organizations are

_________________________________________.

6. A corporation is a business organization created under a government

charter.

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9. Find pairs of words as they occur in the text:

1. to own a. debts

2. to face b. experience

3. to pay c. a problem

4. to assume d. liability

5. hands-on e. a business

6. sole f. restriction

7. steady g. money

8. to borrow h. income

9. legal i. taxes

10. unlimited j. proprietorship