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3
Unit I
GOING PUBLIC
Ex. 1 Glossary. Read and memorise the following words and expressions:
Private company ['praıvıt] – частная компания
Quoted company ['kwəutıd] – компания , акции которой котируются на
рынке/фондовой бирже
Quotation, n. [kwəu 'teı∫ə n] – котировка, регистрация на бирже; биржевая цена
Obtain, v. [əb 'teın] – получать , добывать , приобретать .
Finance, v. [faı 'næ ns] – финансировать , заниматься финансовыми операциями.
Solution, n. [sə 'lu:∫ə n] – решение, разрешение (вопроса и т. п.)
Ex. 2 Vocabulary. Complete this table and explain the meanings.
NOUN
VERB
NOUN (a person)
crime to commit a crime
blackmailer
vandalism
to murder
burglary
to set on fire
smuggling smuggler
to mug
embezzlement
to shoplift
Ex.3. Read and translate the text.
Private and quoted companies are similar in one way: both have shareholders who own
a part of business. However, a private company cannot invite the general public to buy
its shares and its shareholders cannot sell their shares unless the other members agree.
Anyone can buy the shares of a quoted company. They are freely bought and sold in a
special market – the Stock Exchange. When a company wishes to be quoted it applies
to the Stock Exchange for a quotation, which is a statement of the share price. If the
application is successful, the Stock Exchange deals in its shares and publishes their
price each day.
There are three main reasons why companies obtain a quotation. First many
companies need to raise money to expand their businesses. For example, they want to
build a bigger factory to produce a new range of goods. To finance this they could try
to get the money from the bank. But perhaps they have already borrowed heavily, so
they do not want to increase their debt.
Secondly, there are companies which have been built up by their owners over the
years. As the owner gets older, he does not want all his money to be tied up in the
business. Therefore he sells part of the company to the public.
3
Unit I
GOING PUBLIC
Ex. 1 Glossary. Read and memorise the following words and expressions:
Private company ['praıvıt] – частная компания
Quoted company ['kwəutıd] – компания, акции которой котируются на
рынке/фондовой бирже
Quotation, n. [kwəu 'teı∫ən] – котировка, регистрация на бирже; биржевая цена
Obtain, v. [əb 'teın] – получать, добывать, приобретать.
Finance, v. [faı 'næns] – финансировать, заниматься финансовыми операциями.
Solution, n. [sə 'lu:∫ən] – решение, разрешение (вопроса и т. п.)
Ex. 2 Vocabulary. Complete this table and explain the meanings.
NOUN VERB NOUN (a person)
crime to commit a crime
blackmailer
vandalism
to murder
burglary
to set on fire
smuggling smuggler
to mug
embezzlement
to shoplift
Ex.3. Read and translate the text.
Private and quoted companies are similar in one way: both have shareholders who own
a part of business. However, a private company cannot invite the general public to buy
its shares and its shareholders cannot sell their shares unless the other members agree.
Anyone can buy the shares of a quoted company. They are freely bought and sold in a
special market – the Stock Exchange. When a company wishes to be quoted it applies
to the Stock Exchange for a quotation, which is a statement of the share price. If the
application is successful, the Stock Exchange deals in its shares and publishes their
price each day.
There are three main reasons why companies obtain a quotation. First many
companies need to raise money to expand their businesses. For example, they want to
build a bigger factory to produce a new range of goods. To finance this they could try
to get the money from the bank. But perhaps they have already borrowed heavily, so
they do not want to increase their debt.
Secondly, there are companies which have been built up by their owners over the
years. As the owner gets older, he does not want all his money to be tied up in the
business. Therefore he sells part of the company to the public.
