SOLE PROPRIETORSHIP, PARTNERSHIP, CORPORATION
1. Найдите в правой колонке русские эквиваленты английских слов и словосочетаний:
1. sole proprietorship
2. partnership
3. share of profit
4. income tax
5. management
6. corporation
7. advantages
8. tax advantages (benefits)
9. disadvantages
10. share of loss
11. life insurance
12. limited partnership
а. управление
b. доля потерь
c. партнерство с ограниченной юридической ответственностью
d. партнерство
e. недостатки
f. налог на доходы
g. льготы по налогообложению
h. доля прибыли
i. единоличное владение
j. преимущества
к. корпорация
l. страхование жизни
2. Переведите на русский язык встречающиеся в тексте интернациональные слова:
form
formal
business
organization
position
title
president
documentation
corporation
economical
product
partner
service
industry
personal
professional
manager
state
financial
resources
sum
registration
specialist
3. Прочтите текст и выполните следующие за ним упражнения:
SOLE PROPRIETORSHIP, PARTNERSHIP, CORPORATION
1. There are three forms of organization of your business. These forms are the sole proprietorship, the partnership and the corporation. Which of these forms of organization you choose depends on such questions as the
size of your business, whether you are the only owner of your business or you have partners.
2. Sole Proprietorship. A sole proprietorship is the simplest organizational form. There is one owner of the business, who usually takes the title of President. So he or she can make any decision without consulting anyone. Such kinds of business are in the service industries, such as repairing shops, restaurants, etc.
3. Partnership. A partnership means that there is more than one owner to carry out business. And each partner declares his or her share of profit or loss on the personal income tax return.
There is a special type of partnership, called a limited partnership, where the limited partner is not involved in the management of the firm.
4. This form of organization is useful in such professional fields as law, insurance, and some industries, for example, oil prospecting.
But partnership has some disadvantages. Partnership business fails when one of the partners loses his interest or disagrees with the other.
5. Corporation. A corporation is amore formal way of organization. It is established for the purpose of making profit and operated by managers. Corporation involves registration with a state department of commerce. There are some advantages, such as being able to attract financial resources, and to attract talented specialists and managers due to high salaries. In general, this form is economically better for business when its profit reaches a great sum of money.
4. Переведите на русский язык в письменной форме абзацы 2, 3 и 5.
2. Sole Proprietorship. A sole proprietorship is the simplest organizational form. There is one owner of the business, who usually takes the title of President. So he or she can make any decision without consulting anyone. Such kinds of business are in the service industries, such as repairing shops, restaurants, etc.
3. Partnership. A partnership means that there is more than one owner to carry out business. And each partner declares his or her share of profit or loss on the personal income tax return.
There is a special type of partnership, called a limited partnership, where the limited partner is not involved in the management of the firm.
5. Corporation. A corporation is a more formal way of organization. It is established for the purpose of making profit and operated by managers. Corporation involves registration with a state department of commerce. There are some advantages, such as being able to attract financial resources, and to attract talented specialists and managers due to high salaries. In general, this form is economically better for business when its profit reaches a great sum of money.
5. Найдите соответствующие ответы на вопросы и напишите их в той последовательности, в которой заданы вопросы:
Вопросы
1. What forms of business organization do you know?
2. What is a sole proprietorship?
3. What is a limited partnership?
4. What is a corporation?
5. What are the advantages of a corporation?
Ответы
a. In this form of organization there is more than one owner, but the limited partner has no right to take part in the management of the firm.
b. It is a more formal way of organization, which is established to make profit and is operated by managers.
c. Sole proprietorship, partnership and corporation.
d. The ability to attract financial resources and to attract talented managers and specialists.
e. It is the simplest form of business organization. There is only one owner of his or her business.
6. Закончите предложения, выбрав соответствующий вариант окончания:
1. A sole proprietorship is an organizational form of..
2. A partnership is a busi¬ness form of....
3. A corporation is a business form of....
a) only one owner;
b) more than one owner;
c) an institution operated by managers.
4. The disadvantage of a partnership is....
5. The advantage of a corpo¬ration is. ...
a) the ability to attract financial resources and talented managers.
b) that the partners may disagree with each other.
c) that the owner makes decisions without consulting anyone.
Довольно сложная контрольная для тех, кто изучает экономику в вузе.
