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Интернет-ресурсы

1. Cambridge Dictionaries Online [Электронный ресурс] : the most popular online dictionary and thesaurus for learners of English. - Cambridge University Press, 2013. – Режим доступа: www.dictionary.cambridge.org. – Загл. с экрана. – Яз. англ.

2. Мультитран [Электронный ресурс] : электрон. словарь. – Режим доступа: www.multitran.ru. – Загл. с экрана.

3. Study Learn.ru [Электронный ресурс] : все для тех, кому нужен англ. язык. – Режим доступа: www.study.ru. – М., 1997 - . - Загл. с экрана. – Яз. англ.

Unit 5: companies

1. Forms of Business Organization

1. Study the Word List.

make a profit – получать прибыль, наживаться

sole proprietorshipиндивидуальное частное предприятие

partnershipкомпания, товарищество

cooperationкорпорация, акционерное общество

share акция, доля, пай

share the moneyподелить деньги

shareholder – акционер; пайщик, владелец акций

run a business – управлять торговым предприятием

headquartersглавное управление, центр; центральный орган (какой-л. организации)

charity – благотворительная организация

liability – обязательство, ответственность

borrow money – занимать деньги

conduct business – вести бизнес

provide smb. with goods - снабдить кого-л. товарами

deliver goods — доставлять товары

2. Complete the table. Use a dictionary to help you.

Verb

general noun

person

Provide

provision

provider

Deliver

-----------

Own

Produce

Operate

3. Make up sentences.

This company

Companies

produce (s)

deliver (s)

provide (s)

goods

paper

humanitarian aid

mail

services

products to consumers

4. Answer the questions before reading the text.

1. Can you name five of the world-known companies?

2. What are the main areas of their activity?

3. Can you name three different industries?

5. Read the text paying attention to the words in bold and do the tasks after it.

What sort of company is it?1

A company (UK) or corporation (US) is a form of business organization operating to make a profit. There are three principal forms of business organization: the sole proprietorship, the partnership, the corporation.

The simplest form of business organization is the sole proprietorship, which is owned by one person. The owner has relatively unlimited control over the business and keeps all the profit. These firms are usually owned by one person who has day-to-day responsibility for running the business. Sole proprietorship is the most numerous form of business organization.

In a partnership, two or more people share ownership of a single business. Like proprietorship, the law does not distinguish between the business and its owners. The partners should have a legal agreement that sets forth how decisions will be made, profits will be shared, disputes will be resolved, how future partners will be admitted to the partnership, how partners can be bought out, or what steps will be taken to dissolve the partnership when needed.

A corporation is charted by the state in which it has headquarters. It is considered by law to be a unique entity, separate and apart from those who own it. A corporation can be taxed; it can be sued; it can enter into contractual agreements. The owners of corporation are its shareholders. The shareholders elect a board of directors to oversee the major policies and decisions. The corporation has a life of its own and does not dissolve when ownership changes.

Companies are involved in many activities. For example buying, selling, marketing and production, in a range of different industries or business sectors, such as information technology, telecommunications, film, and car manufacture and so on.

Understanding financial performance is an often neglected skill among managers, but it is a vital one. Finance, financial statements analysis and financial reporting provide important insights into business performance, resource allocation and time management.