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EXERCISES. Ex. 1 Find definition to each of the given terms: chartered company -a limited company which can offer its shares and debentures to the public

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Ex. 1 Find definition to each of the given terms:

chartered company -a limited company which can offer its shares and debentures to the public.  
public limited company -a joint-stock company, the financial liability of whose members is limited by law.
limited liability company - a joint-stock company incorporated by charter.
unlimited company -a company of which the share-capital is held or controlled by five or fewer persons. Or by persons who are all directors of the company.  
joint stock company -a limited company which must not invite the public to subscribe for its shares or debentures. And does not allow its members to transfer their shares without the agreement of the other shareholders.  
proprietary company (private limited company) -in Britain – a form of business organization called a corporation which has its capital divided into many small units of stock or into shares of low face value so that they may be bought by large and small investors; in USA – a business organization having its capital divided into many small units of stock, but the liability of its members is unlimited, as in a partnership.

 

Ex. 2 Complete the following sentences, using all possible words and word combinations from the given below:

 

business; trade; a board of directors; shareholders; stockholders; registered capital; authorised capital; nominal capital; a company promoter; solicitors; accountants; bankers; intangible assets.

 

1. A company is organized for purpose of … or …

2. … or … elect … to carry on active management of the business.

3. The maximum amount of capital that the company is permitted to raise by the issue of shares is called … or … or ….

4. A person who, alone or with others, organizes and helps in the forming of a new company is known as …. He obtains the services of …, … and ….

5. Assets which are valuable in helping the business, but are not easily turned into cash since they have no material form (goodwill, trademarks, copyrights, patents) are classified as ….

Ex. 3 Find the correct translation of words and word combinations:

 

A. 1. trade 2. shareholder 3. to sue 4. to transfer 5. public company 6. return 7. restriction 8. proprietary company 9. trustee 10. income tax 11. limited liability company 12. ownership 13. to lodge 14. expenditure 15.balance sheet 16. legal entity 17. taxation 18. stock exchange 19. bonus 20. securities 21. financial statement

B. 1. компания с ограниченной ответственностью 2. акционер 3. балансовый отчет 4. затраты 5. налогообложение 6. ценные бумаги 7. компания открытого типа 8. премия 9. собственность 10. прибыль 11. возбуждать иск 12. торговля 13. юридическое лицо 14. ограничения 15. опекун 16. частная компания 17. передавать 18. подоходный налог 19. фондовая биржа 20. предъявлять 21. финансовый отчет.

 

Ex. 4 Assignment A

1. Read the first part of the text fixing in your mind the things mentioned in it.

2. Read the following questions to yourself and find the answers in the first part of the text:

a) What is a company?

b) What kind of companies are mentioned in this part?

3. Translate sentences 1, 3, 5, 11.

4. Read the second part of the text.

5. What new information do you find in the second part?

6. What is it necessary to form a company?

7. Read the third part of the text.

8. Read the following questions to the third part of the text and find the answers:

a) Is the formation of a company a costly step?

b) What do the necessary costs include?

c) Where should these expenditures be included?

9. Read the fourth part of the text and say what the advantages of the company are.

10. Read the fifth part of the text and list the disadvantages of the company.

11. Consider assignments 1 – 10 and write a brief summary of the text. (Check your piece of work using the key.)

 

Assignment B

12. Read the prйcis carefully and determine the general idea of it.

13. Answer the questions:

a) What does the text deal with?

b) How many types of the companies are described?

c) What is a special emphasis laid on?

14. Write an abstract of the text. Use the key to check your answer.

 

 


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