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Instructions

Working in groups of two or three, analyze the strengths and weaknesses of the two candidates. Decide who should be offered the position, noting the reasons for your choice. Compare your decision with that of the other groups.

Unit 2 Company structure

Words to remember:

to launch ( to start, to found, to set up) a company – создать (основать) компанию

a sole ownership – предприятие, принадлежащее одному человеку

to own a company – владеть компанией

the staff numbers….. – штат насчитывает …….

to be liable to (for) – нести ответственность перед (за)

liability – ответственность

personal assets – личное имущество

sleeping partner – пассивный партнёр

The company is insolvent. – Компания неплатёжеспособна.

to make losses ( to carry losses) – нести убытки (потери)

revenue (income) – доход

to join the company – вступить (присоединиться)

division – подразделение

engineering department – конструкторско-технический отдел; конструкторское

бюро; отдел инженерного проектирования

packing department – отдел фасовки и упаковки

purchasing department – отдел закупок (снабжения)

supply department – отдел снабжения

quality control department – отдел управления качеством

accounting (account) department – бухгалтерия

law (legal) department – юридический отдел

patent department – патентный отдел

research and development department – отдел исследований и разработок

sales department – отдел сбыта

technical support department – отдел технического обеспечения

He is the head / at the head of the department. – Он глава компании.

He is in charge of the department – Он отвечает за отдел.

He reports to (is accountable to)… – Он отчитывается перед …..

a project manager – руководитель проекта

a product manager – менеджер, отвечающий за выпуск отдельного вида

товаров

to operate – работать, руководить

to carry out research – проводить исследования

to draw up a contract – составлять контракт

product range – ассортимент товаров

welfare of employees – благосостояние

to process data – обрабатывать данные

to deliver goods – доставлять товары

sales representative – торговый представитель

to provide customers with – обеспечивать потребителей

to keep a record – вести учёт

to persuade – убеждать

to handle – обрабатывать; регулировать; управлять

to maintain standard – поддерживать (обеспечивать)

to promote goods – продвигать товары

promotion – продвижение; поощрение; содействие (развитию)

business savvy – деловая смекалка

to give authority (power) – наделять полномочием (властью)

Starting up

1. Read the three descriptions of company structures. Answer the questions.

Sole trader

One person sets up and runs the company. The person provides all the capital and has unlimited liability for business debts, even if it means selling personal assets.

Limited company

In a Limited company (US-Corporation), the capital is divided into shares, which are held by shareholders. Shareholders have limited liability, but they can vote at the Annual General Meeting to elect the Board of Directors. There are two types of Limited company:

  1. in a private limited company, all shareholders must agree before any shares can be bought or sold.

  2. in a public limited company, shares are bought and sold freely, for example on the stock exchange.

Partnership

A group of people provide the capital, set up the company and manage it together. There are two types of partnership:

Partners in an unlimited partnership are like sole traders – if the business fails they are fully liable for all debts, and may even have to sell personal assets.

In a limited partnership there can be sleeping partners who do not participate in the management of the company. Sleeping partners have limited liability – in the event of bankruptcy, they only lose their investment, not their personal assets.

1. What are most people’s main personal assets?

2. How can a sole trader get a capital to set up a business?

Think of five methods.

3. If a limited company has 5000 shares and each share is worth $2.50, what is the

capital of the company?

4. What are the advantages and disadvantages of being a sleeping partner?

5. What is the difference between a sleeping partner and a shareholder?

6. If a private limited company goes bankrupt, do the shareholders lose their personal

assets? Why?

7. What must you do to sell your shares in a private limited company?

8. What are the advantages of a public limited company? Think of three.

Reading

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