8. Find the answers to the following questions in the text.

1. What is the difference between a general partnership and a limited partnership?

2. What is the difference between a silent partner and a secret partner?

3. In what professional fields are the partnerships found?

Variant 3

1. Write the plural.

1. Umbrella - _______________

2. Person - _________________

3. Family - _________________

4. Holiday - ________________

5. Sandwich - ______________

6. City - ___________________

7. Mouse - _________________

2. Put in some or any

1. “Would you like _____ tea?” “Yes, please.”

2. Don’t buy _____ rice. We don’t need _____.

3. We haven’t got _____ bread, so I’m going out to buy _____.

4. When we were on holiday we visited _____ very interesting places.

5. I went out to buy _____ milk but they didn’t have _____ in the shop.

3. Fill in the gaps with the correct pronoun.

1. I don’t know his friends. Do you know _____?

2. I don’t know the woman in the black coat. Do you know _____?

3. They want to see her but _____ doesn’t wan to see _____.

4. I want to see them, but _____ don’t want to see _____.

5. My sister plays tennis too but _____ favorite sport is athletics.

6. We’re staying at a very nice hotel. _____ room is very comfortable.

7. These books are ____ but this newspaper is _____.

8. They went on holiday with some friends of _____.

4. Put the verbs in bold in the correct form. Translate the sentences.

1. A secretary ________ (help) in organization of meetings and conferences, entertainments of visiting customers, suppliers and other associates of the firm.

2. The most common greetings _________ (be): Good morning, Good afternoon, Good evening.

3. We _________ (ready) to sign the contract next week.

4. A bookkeeper ________ (make) a report yesterday.

5. Put up four questions of different types.

1. We both have unlimited liability.

2. The board of directors decided on vacation, salary, hiring and firing.

3. The partners want to consult a board of directors.

6. Translate the sentences.

1. Хороший бухгалтер сможет вести дела лучше, чем вы.

2. Мне нужно нанять бухгалтера.

3. Мне нужно проконсультироваться с юристом.

4. Члены правления несут полную юридическую ответственность.

5. Партнер с ограниченной юридической ответственностью не имеет реальной власти.

7. Read and translate the text.

CORPORATIONS

A business corporation is an institution established for the purpose of making profit. It is operated by individuals. Their shares of ownership are represented by stock certificates. A person who owns a stock certificate is called a stock-holder.

There are several advantages of ownership. The first is the ability to attract financial resources. The next advantage is the corporations attracts a large amount of capital it can invest it in plants, equipment and research. And the third advantage is that a corporation can often higher salaries and thus attract talented managers and specialists.

The privately owned business corporation is one type of corporation. There are some other types too. Educational, religious, charitable institutions can also incorporate. Usually such corporation does not reinvested in the institution rather than distributed to private stockholders.

In some western countries, cities, states, federal government and special agencies can establish governmental corporations. A few examples of these governmental corporations are state universities, state hospitals and city owned utilities. Governmental corporations are non-profit as a rule and usually they do not issue stock certificates.