1. Read and memorize the following words, word- combinations and word-groups:

to start a business [syn. to launch a business) — розпочати справу (бізнес)

e.g. Those thinking of starting a business should keep informed about the kinds of opportunities that exist, the personal qualities needed for success and the kinds of training available to prepare for the world of business.

to operate a business — керувати справою (бізнесом) e.g. Many colleges now offer programs that teach students how to start and operate a business.

to face a problem — стикатися з проблемою e.g. Small businesses face many problems, to risk (syn. to run the risk) — ризикувати e.g. Corporate leaders may risk their own jobs when they make major decisions that affect the future of corporation negatively.

sole proprietorship — одноосібне володіння

e.g. A sole proprietorship is a business owned by one person.

to pay taxes — сплачувати податки

e.g. Sole proprietors have minimal legal restrictions and do not have to pay the special taxes placed on corporations,

to assume the debts — брати на себе сплату боргів e.g. If a business fails, the owner must personally assume the debts.

stockholder — акціонер, власник акцій e.g. Ownership of a corporation is represented by shares of stock, and for that reason corporate owners are known as stockholders.

partnership — товариство, компанія e.g. A partnership is a business organization that is owned by two or more persons.

II. Give English equivalents of the following:

приимати рішення

товариство

стикатися з проблемою

нестача чогось мати успіх

одноосібне володіння

сплачувати податки

керувати бізнесом

акціонер

брати на себе сплату боргів

досягти успіху ризикувати

3. Fill in the blanks with appropriate words:

1. About 50 percent of entrepreneurs start experience

their ... in industries in which they have creditors

some .... stockholders

2. People who come from families managers

whose members were in business themselves business

are more likely to start their own .... companies

3. In a large business the tasks of orga­nizing and a sole proprietor-

operating are done by many hired ... . ship

4. ... is a business owned by one person. a partnership

5. All debts and all problems associated with owner

the business belong to the ... .

6. ... is a business organization that is owned by two

or more persons.

7. If the business were to fail, its ... would have the

right to recover their

money from any, or all, of the partners.

8. Ownership of a corporation is represen­ted

by shares of stock, and for that reason

corporate owners are known as ... .