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I. Match these terms with their definitions

1. association

a) a business owned by two or more people.

2. business

b) an organization such as a company, shop, or factory that produces or sells goods or provides a service.

3. corporation

c) an organization that consists of a group of people who have the same aims, do the same kind of work etc.

4. liability

d) an unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits.

5. partner

e) legal responsibility for something, especially for paying money that is owed, or for damage or injury.

6. profit

f) money that you gain by selling things or doing business, after your costs have been paid.

7. proprietorship

g) one of the equal parts into which the ownership of a company is divided.

8. share

h) one of the owners of a business.

9. stockholder

i) someone who owns stocks in a business.

II. Match the verbs on the left with their corresponding definitions on the right

1. to account for

a) to be the reason why something happens.

2. to attract

b) to buy shares, property, or goods because you hope that the value will increase and you can make a profit.

3. to avoid

c) to make someone interested in something, or make them want to take part in something.

4. to claim

d) to officially demand or receive money from an organization because you have a right to it.

5. to cope

e) to officially produce something such as new stamps, coins, or shares and make them available to buy.

6. to invest

f) to prevent something bad from happening.

7. to issue

g) to succeed in dealing with a difficult problem or situation.

III. Match the words in column a with their synonyms in column b and antonyms in column c

A

B

C

Word

Synonym

Antonym

1. basic

2a. fundamental

3a. communal

2. common

2b. hidden

3b. hidden

3. different

2c. legitimate

3c. illegal

4. evident

2d. limitless

3d. irresponsible

5. general

2e. main

3e. limited

6. legal

2f. obvious

3f. minor

7. major

2g. personal

3g. identical

8. private

2h. reliable

3h. open

9. responsible

2i. speechless

3i. rare

10. secret

2j. universal

3j. specific

11. silent

2k. various

3k. subsidiary

12. unlimited

2l. widespread

3l. talkative

IV. Give Ukrainian equivalents of the following words and expressions. Use a dictionary

actual profit; alien corporation; bank shares; be in partnership; bogus share; business corporation; chief stockholder; civil liability; earn profit; equity shares; form an association; full liability; go out of business; governmental corporation; in association; incorporated business; join an association; launch a business; limited liability; nonresident stockholder; open a business; private corporation; professional partnership; public corporation; silent partner; sole proprietorship; stock corporation; subsidiary corporation; unlimited liability; unprofitable business; withdraw from an association.

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