2. Answer the questions

1. What is the most workable concept of small business?

2. What basic characteristics must a small business have?

3. What industries are usually found in the small businesses in the United States?

4. Is farming still a small business?

5. Can small businesses be called smaller versions of large corporations?

6. What are the advantages of small business?

7. What are the disadvantages of small business?

Stop and Check 5

Do the tasks below. There are two points for each correct answer.

1. Rewrite the sentences in the Passive.

1. I bought potatoes yesterday.

2. We will bring the books tomorrow.

3. They are repairing the clock now.

4. They sell milk in this shop.

5. I have trans­lated the whole text.

6. They broke the window last week.

7. When I came home, they had eaten the sweets.

8. We will do the work in the evening.

9. He wrote this book in the 19th century.

10. They were playing tennis from four till five.

2. Choose the right variant

11. The headquarters.... by thee end of the year.

a) will have been reconstructed

b) will be reconstructed

c) is being reconstructed

12. This is a large conference hall. Many meetings ..... here.

a) are held

b) are being held

c) has been held

13. The office..... later.

a) will be cleaned

b) has been cleaned

c) will clean 14. The annual report ..... a week ago.

a) was published

b) published

c) has published

15. Not much ..... about the accident since that time.

a) has been said

b) said

c) has said

3. Choose the most appropriate word to be used in each sentence.

16. Put your money in a savings account, so it will ………………….

a) make a profit b) earn money c) invest money

17. A…….. is a legal agreement between two people or companies.

a) contract b)flight c) reduction

18. Large British companies generally have a ………… of the board of directors.

a) chairman b) manager c) superman

19. The owners of corporation are its ……………………….

a) shareholders b) employers c) applicants

20. Bic’s …………………….. was a combination of simplicity of production and reliability.

a) winning formula b) success c) failure

21. In every organization components have the same fundamental ……………..

a) purpose b) profit c) manager

22. In a………………….., two or more people share ownership of a single business.

a)partnership b) sole proprietorship c) corporation

23. Understanding …………….. is an often neglected skill among managers, but it is a vital one.

a) financial performance b) assets c) machines

24. He…………………….. the rights to produce and sell the pen with Biro.

a) negotiated b) competed c) damaged

25. Retailing and service ………………are the most common small businesses

a) establishments b) offices c) corporations

4. Fill in the missing letters to answer the questions. What do we call a department in a company:

26. . …..that keeps a record of the money coming in and going out? ________________

27.. ….. that concerned with studying new ideas and planning new products? ______________

28.. ……involved with managing and organizing its work? __________________

29. ……that deals with selling and promoting its products? _________________

30. …… that deals with employees, keeps their records and helps with any problems they might have? _________________

31. ………. that manufactures the products? ________________

32. ……. that looks after customers’ problems and complaints? __________________

33. …….that deals with taxation, investment, and cash management? _______________