Менеджеры и менеджмент (Executives and Management). Коломейцева Е.М - 27 стр.

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201
UNIT FOUR
Companies and Organizations
In this section various aspects of describing companies and referring to their activities are covered.
Background information about the organization.
What sort of company is it?
There are many types of business organization and the different terms can be con-
fusing. Read both columns below. The left-hand column gives various types of organi-
zation and the other column contains short descriptions of each organization. Cover the
Type column, and from the description name the type of organization. Finally, cover
the Description column, and try to describe each organization listed.
Charity = an organization to relieve poverty, advance religion or education, etc;
benefits from some financial concessions.
Company (UK) = an organization operating to make a profit corporation (US)
Cooperative = a democratic firm owned by its workers.
Enterprise = a new commercial activity [for example How's your new enterprise? Also in some company names;
for example, Smiths Enterprises (enterprise = firm)
Government agency = an organization which is part of the state administration.
Holding company = a firm, usually without commercial activity, created to be parent to other companies.
Limited company = a firm where shareholders' liability is limited.
Minority interest = company in which another firm has less than a 50 % interest.
Multinational = an organization operating in several countries.
Nationalized company = company owned by the state.
Offshore company = a firm based in a tax haven to avoid higher taxation.
Operation = a general word for a company, usually a small one, part of a large group. It also means-activity; for
example, our commercial operation.
Parent company = a company which owns another.
Partnership = two or more partners working together for profit, without limited liability.
Private company = a company whose shares are not publicly available.
Public company = a company whose shares are publicly available.
Society = a friendly association of people; for example, a sports society (society = firm).
Subsidiary (affiliate) = firm owned by a parent company.
Changes between companies
takeover (or acquisition)
A offers to buy В A has taken over В
privately, or makes
a take-over bid publicly
B accepts or resists
merger
A

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