Учебно-методическое пособие по обучению профессиональному общению. Коровина Н.А - 17 стр.

        The great disadvantage, like that of the one-person business, is          b) form opposite words using prefixes needed:
the fact that the liability of the partners is unlimited and they are all         advantage, limited, able, employment, important, compared,
fully liable for the acts of the other partners.                            personal, capable.
        The survival of a partnerships depends upon the continued har-
monious relationships between a number of people in situations which               II. Complete the sentences using the words given:
often give much cause for disagreement. Thus, where trading risks are              possessions, adjustment, proprietor, failure, headings, enter-
very great, the partnerships is not a very stable type of organisation.     prise, efficiency, ownership, conditions, flexible, failure, liability,
                                                                            debts, decisions, responsible.
                         Joint stock company                                       1. The different types of business organisation may be classified
       The most important form of business in the UK is the joint stock     under five … .
company. Basically, it consists of an association of people who con-               2. This is the simplest and the oldest form of business … .
tribute towards a joint stock of capital for the purpose of carrying on            3. A single person is solely…for the success or … of the busi-
business with a view to profit. A company may be defined as a legal         ness.
person created to engage in business, capable of owning productive                 4. His … is unlimited.
assets, of entering into contracts and of employing labour in the same             5. … and control are vested in one person.
way as an individual. There are two kinds of joint stock company, the              6. This type of organisation is extremely … and capable of
private company and the public company.                                     quick … to change in market … .
       The public company are much larger units and account for about              7. The owner is personally liable for the … incurred by his firm.
two-thirds of all the capital employed by companies. In general, pri-              8. All his … are at risk.
vate companies are small firms, often consisting of the members of                 9. A single person provides the capital, takes the …, and as-
one family. Both public and private companies must have at least 2          sumes the risks.
members. A public company must have a minimum allotted share
capital of 50 000 pounds (sterling) of which at least one-quarter has              III. Complete the sentences using the proper forms of the
been paid up. A private company must include the word “limited” in          verbs in the brackets:
its name a while public company must have the words “public limited                1. The different types of business organization … (to find) in
company” at the end of its name although this can be abbreviated to         the UK may … (to classify) under five headings.
plc. The basic distinction between a private and a public company is               2. He … (to have) the sole rights to such profits as may … (to
that a public company can offer its shares and debentures for sale to       accrue) or, alternatively, … (to bear) the sole responsibility for such
the general public.                                                         losses.
                                                                                   3. The one-person business … (to be) still far more numerous
      TASKS                                                                 than any other type of business organisation.
                                                                                   4. Ownership and control … (to vest) in one person who … (to
       I. a) form nouns from the following verbs:                           enjoy) all the fruits of success.
       organize, classify, decide, assume, lose, employ, compare, di-              5. He … (to have) no need … (to consult) collegues when
rect, control, consult, change, require, expect, adjust, possess, expand,   changes of policy … (to require).
restrict, provide;                                                                 6. We should … (to expect) this type of organisation … (to be)
                                                                            extremely flexible.

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