Методические указания по изучению английского языка на 3 курсе заочного факультета. Якушева И.В - 40 стр.

   4. non-profit corporation  b) companies owned by large numbers
                            of public investor
                         c) corporations whose stock is not sold
                            on the open market.
                         d) company which guides the
                            operation of a subsidiary.
   Упр. 5. Ответьте письменно на вопросы к тексту:
   1. What is the advantage of small companies?
   2. What is a Holding company?
   3. Who manages the public corporation?

   Упр. 6. Составьте письменно аннотацию к тексту на русском языке.

   Text
                                 Types of corporations
    The giant organizations are almost all public corporations - that is companies
owned by large numbers of public investors. These investors buy stock on the
open market thereby providing public corporations with large amounts of perma-
nent capital. In return the shareholders receive the chance to share in the profit if
the corporation succeeds. But not all corporations sell shares on the open market.
Corporations whose stock is not available to the general public are called private
corporations. Usually their shares are owned by fewer than 500 people. Some
small corporations known as S corporations are even more closely held. These
corporations have no more than 35 shareholders. They have one chief advantage.
They may be taxed like partnerships, at rates lower than other corporations.
    Not all corporations are profit-making institutions. There are many non-profit
corporations as well, some owned by the government and others formed to pursue
noneconomic goals in such areas as social service and the arts. Finally not all
corporations are independent. Subsidiary corporations are partially or wholly
owned by another corporation known as a parent company which supervises the
operations of the subsidiary.
    A Holding company is a special type of parent company that exercises little
operating control over the subsidiary merely "holding" its stock as an investment.
    From a practical standpoint, the shareholders of a large public corporation
cannot run the company; there are simply too many of them to serve as an effi-


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