Английский язык для бизнесмена. Антонов О. И. Английский язык для бизнесмена
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13 to share the subject becomes quite textechnical deal делить: это становится уже делом техники сделка Vocabulary Practice Exercise 1. Transform the sentences according to the model. Model: Susan is a woman. She does the books. Susan is a woman who does the books. 1. Partners are people. They have unlimited liability. 2. This is my partner. He often runs a risk. 3. He is a shop-assistant. He gets along welt with all the customers. 4. Susan is a partner. She puts a big amount of money into business. 5. Jean is my friend. She has the background of accounting. 6. Barbara is my partner. She knows how to attract customers. 7. Tom is a partner. He is good at selling. 8. Jack is my friend. He is a secret partner of my business. 9. Helen is my friend. She had supper with Jack in the restaurant. Exercise 2. Answer the questions. 1. What do you want to be busy with? 2. Do you want to go into business alone or with a partner? 3. With what partner do you get along well? 4. Imagine you run a shop. What wilt you do to attract customers? 5. Do you need to consult a lawyer, to make a right choice when starting the business. 6. What is your background? 7. Are you a careful person, or do you like to run a risk? 8. How can you combine the resources with your partner? 9. What services and skills can you contribute in your business? 10. How will you distribute profits and losses in your partnership? 11. What kind of partner would you like to be: a general partner or a limited partner? Why so? 14 Exercise 3. Translate into English. 1. Члены правления имеют полную юридическую ответственность. 2. Партнер с ограниченной юридической ответственностью не имеет реальной власти. 3. Секретный партнер принимает участие в управлении, но он не известен общественности. 4. Я хочу вложить деньги в недвижимость. 5. Партнерство имеет много преимуществ. 6. Партнерство часто получает налоговые льготы от правительства. 7. Мы хорошо ладим с партнером. 8. Наше кафе привлекает все больше и больше клиентов. 9. Я сделал правильный выбор. Это дело приносит много прибыли. 10. Мой рабочий опыт связан с менеджментом. 11 .Она хорошо разбирается в бухгалтерском деле. 12.Мы вкладываем в дело одинаковый капитал. Exercise 4. Discuss the following problem: A Joint Venture*. Pro and Con. * A Joint Venture - совместное предприятие Exercise 5. Make up the dialogue. Consult the lawyer how to form a partnership. Use your active vocabulary. Grammar Exercises Exercise 1. Make the sentences negative. Model: I am going into business. I am not going into business. 1. Your business is receiving the tax benefits. 2. Your partnership is running the great risk. 3. We are getting along quite well with my partner. 4. They are going to be general partners. 5. The partners are sharing profits and losses with each other. 6. Their partnership is losing their profit every month. 15 Exercise 2. Put up four questions of different types (general, special, disjunctive, alternative) to each sentence. Model: The partners are getting along quite well 1. Are the partners getting along quite well? 2. Why are the partners getting along quite well? 3. The partners are getting along well, aren't they? 4. Are the partners getting along well or badly? 1. Jane is doing the books in our firm. 2. We are putting the same amount of money into business. 3. My brother is investing his money in the private cafe. 4. They are distributing the losses unequally. 5. We are combining resources very well. LESSON 3 corporations Text A business corporation is an institution established for the purpose of making profit. It is operated by individuals. Their shares of ownership are represented by stock certificates. A person who owns a stock certificate is called a stock-holder. There are several advantages of the corporate form of ownership. The first is the ability to attract financial resources. The next advantage is the corporation attracts a large amount of capital it can invest it in plants, equipment and research. And the third advantage is that a corporation can ofter higher salaries and thus attract talented managers and specialists. The privately owned business corporation is one type of corporation. There are some other types too. Educational, religious, charitable institutions can also incorporate. Usually such corporation does not issue stock and is nonprofit. If there is a profit it is reinvested in the institution rather than distributed to private stockholders. In some western countries, cities, states, federal government and special agencies can establish governmental corporations. A few examples of these governmental corporations are state universities, state hospitals and city owned utilities. Governmental corporations are non-profit as a rule and usually they do not issue stock certificates. Active Vocabulary corporation корпорация to establish учреждать stock sertificate акция stockholder (shareholder) акционер 17 7. I want to buy some... in IBM and General Motors. 8. An educational... usually reinvests a11 its money. to attract financial resources привлекать финансовые ресурсы to offer high salaries предлагать высокие зарплаты to attract a large amount of capital привлекать большой капитал educational, religious, образовательные, религиозные, charitable institutions благотворительные учреждения to issue stock выпускать акции nonprofit неприбыльный to reinvest вкладывать еще раз Comprehension Questions 1. Who can own a corporation? 2. Is a corporation necessarily larger than a sole, proprietorship? 3. What are the advantages of the corporate form of ownership? 4. What can you say about the disadvantages of the corporate form of ownership? 5. Do the corporations issue stock to stockholder? 6. What kind of corporations usually don't issue the stock? 7. What world-known corporations do you know? 8. What types of business usually take the corporate form of ownership? Vocabulary Practice Exercise 1. Choose the necessary word and put it in the sentence. 1. What kind of... is better: buying stock I 1 charitable or buying real estate? I 2. To attract greater financial... the I company issues the stock. I 2 stock 3. A university can be ... corporation. I 3 resources 4. The partners didn't put the same... I into business. I 4 institution 5. The group of people from different I countries are going to... a corporation. I 5 investment 6. The Red Cross is an international... I organization. I 6 nonprofit 18 I 7 amount I of capital I I 8 to establish Dialogue Secretary Good afternoon. Steve Good afternoon. I'd like to see Mr. Jackson. We have an arrangement with him. My name is Mr. Watson. Secretary Just a minute, please. I'll let him know you are here. Steve Thanks.' Secretary Mr Jackson is waiting for you. Do you know where his office is? Steve Oh sure, thank you. Jackson Hello, Steve, it's so nice to see you. Sit down, Please. Steve Thanks, Nick. How are you getting on? Jackson Quite all right, thanks. And what about you? Steve Everything is all right too. In fact I want to talk to you about my business. Jackson Oh, I'll be glad to do something for you. Steve Well, Nick. I need some legal advice. John and I are thinking of incorporating. Jackson You are going to expand, aren't you? It seems that your partnership has been doing very well. Steve Oh, yes. We have a success. Now some businessmen are interested in investing with us. So could you explain me what sort of legal procedure I have to follow to form a corporation? Jackson At first you have to apply for a corporate charter. Steve Well? Jackson Let me get this straight. You want to issue and sell stock in exchange for investment capital, don't you? Steve Exactly. Jackson After you obtain the charter the stockholders, as owners, hold a meeting to organize the corporation. Steve Does that mean we elect our Board of Directors, adopt bylaws and choose the company' s officers? 19 Jackson That's what I mean. Though the officers of the company supervise daily management, the stockholders always have final authority. They vote at annual meetings. Steve Yes, I see it. By the way, does a corporation have limited liability? Jackson It does. It also has the right to own property, to buy and sell and right to sue and be sued. Steve I see. The corporation acts like a person. It has the right of an individual. Jackson You are right Steve O.K. Why don't we get together for a game of golf one day next week? Active Vocabulary bylaws юридические положения для предприятий I need some legal advice мне нужен юридический совет to incorporate соединяться, объединяться to invest вкладывать деньги to expand расширяться (о производстве) to follow a legal procedure следовать юридической процедуре to apply for a corporate charter подавать заявление на корпоративный патент to issue and sell stock in выпускать и продавать акции exchange for investment взамен на вложенный capital капитал stockholder, shareholder акционер, держатель акций to hold a meeting проводить собрание to elect a board of directors проводить собрание директоров to choose the company's выбирать административных officers исполнителей компании to have a final authority иметь решающее слово to supervise daily осуществлять ежедневное management руководство to vote голосовать annual meeting ежегодное собрание 20 to have limited liability иметь неограниченную юридическую ответственность to own property владеть собственностью to sue возбуждать судебное дело to be sued подвергаться судебному разбирательству Vocabulary Exercises Exercise 1. Transform the sentences according to the model. M о d e l: We are the company officers. We supervise daily management. We, as the company officers, supervise daily management. 1. My friends are the stockholders of IBM corporation. They hold annual meetings. 2. These businessmen are the organizers of this corporation. They issue and sell stock in exchange for investment capital. 3. A corporation is the owner of the property. It has limited liability. 4. Dick is a manager. He wants to form a corporation. 5. A corporate charter is a certificate of incorporation. A charter is granted by a state officer. 6. The stockholders are the owner of the corporation. They have final authority in management of the company. 7. The owners of the corporation are the stockholders. The owners of the corporation must vote. Exercise 2. Transform the sentences according to the model M о d e l: We organized our corporation а уear ago (to invest much money). We have been investing much money since we organized our company. 1. They became company officers (to supervise daily management). 2. My friend bought the stock of the company five years ago (to make money). 3. They received the corporate charter a month ago (to plan a meeting). 4. We advertised the application last week (wait for reply). 21 5. He became a member of the Board of Directors (work hard). 6. We elected a new Board of Directors last month (plan change). Exercise3. Answer the questions. 1. In what corporation would you invest money? 2. What legal procedure do you have to follow if you want to form a corporation? 3. Who has final authority and supervises the daily management of a corporation? 4. How often do the stockholders choose the company officers? 5. The stockholders have unlimited liability, don't they? 6. In what way can a corporation act? 7. What do you think about the possibilities of forming corporations in this country? 8. In what spheres of industry is a corporate form of proprietorship the most beneficial in this country? Exercise 4. Translate into English. 1. Корпорация может выпускать и продавать акции. 2. Корпорация может предлагать более высокую заработную плату. 3. Корпорация имеет больше возможностей для вовлечения финансовых ресурсов, чем партнерство. 4. Каждый год акционеры проводят собрание. 5. Образовательные, благотворительные, религиозные учреждения могут быть корпорациями. Подобные учреждения, как правило, не приносят прибыль. 6. Эта корпорация прибыльна, она будет расширяться. 7. Сначала вы должны подать заявление на корпоративный патент. 8. Акционеры имеют решающее слово в управлении корпорацией. 9. Административные исполнители компании осуществляют постоянное руководство. 10. Владельцы акций проводят ежегодное собрание и выбирают совет директоров. 11.Корпорация имеет право возбуждать уголовное дело. 22 Exercise 5. Make up the dialogue. 1. Ask a lawyer how to form a corporation. 2. Discuss with your friend advantages and disadvantages of a corporate form of proprietorship. 3. Advertise a corporate form of proprietorship. Grammar Exercises Exercise 1. Make the sentences negative. M o d e 1: They have held a meeting. They haven't held a meeting. The stockholders have elected the Board of Directors. This corporation has issued the stock. The Board of Directors has chosen the company officers. This company has greatly expanded. We have already applied for a corporate charter. Exercise 2. Put up 4 questions of 4 types (general, special, disjunctive, alternative) to each sentence. M о d e 1: The stockholders have held the annual meeting. 1. Have the stockholders held the annual meeting? 2. What have the stockholders done? 3. The stockholders have held the annual meeting, haven't they? 4. Have the stockholders held a meeting or a conference? 1. The partners have applied for a corporate charter. 2. The stockholders have voted at the annual meeting. 3. The company has issued the additional stock. 4. They have invested all their money in this company. |