Answer the following questions. Complete the following sentences

Complete the following sentences.

Choose the right answer

Say True or False

Vocabulary

partnership – товарищество, партнерство

to form a partnership – организовать, создать партнерство

co-owner – совладелец

rights and duties – права и обязанности

agreement – соглашение, договор

amount – количество

to assume – принимать на себя, брать на себя

“silent partner” – пассивный партнер

to take part in something – принимать в кем-то участие

ownership – собственность

exempt from – освобожденный от

share of earnings – доля заработка

beyond – сверх, вне, свыше

major – главный, более важный

liable for – ответственный за

debt – долг

to bind upon – связывать, переплетаться с

to squander – расточать, проматывать

1. The rights and duties of a partnership are regulated by a legal agreement between the co-owners.

2. A “silent partner” takes part in the management, but does not invest money in the business.

3. The partnership is liable for most of the reporting that the government requires of corporations.

4. Individual partners are taxed on their share of earnings.

5. Decision making is shared.

6. A partner is not legally binding upon all the others.

7. The partnership remains a vital part of the overall business economy.

1. A partnership is ________.

a) a business formed for losses by two or more co-owners

b) a firm owned and operated by a single person

c) a business formed for profit by two or more co-owners

2. What specifies the amount of money each co-owners is investing?

a) the laws of the state

b) an agreement entered into by the co-owners

3. A “silent partner” is a co-owner ________.

a) who takes part in the management, but who does not invest money

b) qualified in production

c) who does not take part in the management, but who invests money in the business

4. Federal taxes are paid by individual partners on their ________.

a) share of earnings

b) share of losses

c) share of income

5. A major disadvantage of the partnership is that ________.

a) each partner assumes define rights and duties

b) decision-making is shared

c) each member is liable for all the debts of the partnership

1. When a proprietor wants to expand a business, one way to do it is ….

2. The rights and duties of a partnership are regulated by laws of the state where …

3. A partnership agreement also may provide for a ….

4. The partnership has the advantage of ….

5. The partnership is exempt from ….

6. If one partner takes a large amount of money from the business and squanders it, ….

7. If partners have serious and constant disagreements, ….

8. The partnership remains ….

1. What are advantages and disadvantages of a business partnership?

2. Compare a partnership with a sole proprietorship. What are principal similarities and differences?

3. Which form of business organization would you choose? Why?

Дата добавления: 2014-12-27