Домашнее задание по английскому(экономическому)

Необходимо выполнить номера 2.4.1, 2.4.2 и 2.4.3, по заданию с подробными ответами.

2.4.1. Give extensive answers to the questions. Use the following expressions to present your answers:

§ … .

§ … beyond the shadow of a doubt.

§ To begin with … .

§ I’m afraid I don’t know up from down … .*

§ Frankly speaking, I am in a real predicament … .**

What makes an entrepreneur choose partnership instead of sole proprietorship? What characteristics of the sole proprietorship do partnerships have? In what way do they differ?

Why is limited liability a mixed blessing?

Why are lawyers, doctors and accountants prohibited from forming companies with limited liability in some countries?

Why are the majority of businesses all over the world limited companies? What does it mean?

What are the advantages of corporations over the other forms of businesses?

What disadvantages do the corporations face?

What are the rights and duties of a corporation? What should be done in order to be legally recognized as a corporation?

What is a share of stock? What role do the stockholders play in the activities of a corporation? Who runs the day-to-day operation of the corporation?

What is a dividend? Who decides in what way the profit of the company should be distributed?

Why do many corporations arrange for management to own shares of stock?

What is understood by a public limited company in Great Britain? In what way does it differ from the similar businesses in the USA?

2.4.2

1.   If the business has debts and one of the partners dies, the others are barely responsible for his debts.

2. Corporations are easy to organize, decisions can be made quickly, profits are shared with only a few people, and the owners are responsible for success or failure of the business.

3.   If the corporation goes bankrupt or is sued, the stockholders lose the value of their stock. They are personally responsible for any money the corporation owes.

4. Bonds represent ownership in the corporation.

5. In corporations with many owners or stockholders the individual share of profits in the form of dividends is comparatively small.

2.4.3 Develop the following ideas. Make use of the active vocabulary given in brackets:

 1. The advantages of sole proprietorships explain why so many people start businesses and try to run them alone.

(to be a one-owner business; to be easy to organize, to make decisions; to receive profits; to run the business; to encounter difficult problems; to have limited resources; to deal with the problem of limited liability; to take the personal property to pay the debts of the business; to start an entirely new enterprise)

2. To increase their chances of success entrepreneurs often choose partnership instead of sole proprietorship.

(to be an entrepreneur, to contribute equal capital; to have equal authority in management; to be easy to organize; to be responsible for success or failure of the business; to lose a personal fortune in the case of bankruptcy; unlimited liability for debts)

3. The majority of businesses are limited companies, in which investors are only liable for the amount of capital they have invested.

(to go bankrupt; assets do not cover the debts; to form a corporation; to raise the large amount of money needed; to have the right to buy, sell, and own property; to make legal contracts; to hire and fire workers; to set prices; to be legally recognized to be sued, fined and taxed; to obtain a charter of incorporation; to issue shares of stock; to represent ownership in the corporation; to buy and sell shares of stock)

4. Corporations have disadvantages as well as advantages.

(to be filed with the state or federal government; to issue a charter; to set up a corporation; to pay stockholders regular dividends; to keep detailed records; to be subject to double taxation; to include something. on income tax forms; to control the business; to invest own money in the business; to arrange for management to own shares of stock)