VI. Types of Business

V Test yourself. 'Types of companies'.

IV Problem pairs.

1. a) employees; b) employers

2. a) blue-collar; b) white-collar

3. a) salary; b) wage

4. a) personal; b) personnel

5. a) line; b) staff

6. a) interviewer; b) interviewee

7. a) foreigners; b) strangers

8. a) advertising; b) advertisement

	Single individual owns company	Two or more owners/ directors	Quoted on Stock Exchange	Workers run the company	Unlimited liability	Limited liability	Owner is self-employed
Public Limited Company (PLC)		S	V			S
Private Limited Company	probably	У				•
Sole Trader	■/				V		,/
Partner-ship		■/			УҐ		probably
Co­operative				•/		probably

A - one; В - proprietor; C - bankrupt; D - partnership; E - 2-20; F - Private limited company; G - shareholders; H - limited; I - into liquidation; J - Public limited company; K - freely, usually at the Stock Exchange*

*Note: Not all public limited companies are quoted on the Stock Exchange. The Stock Exchange has strict rules about how long a company must have been trading profitably before the company's shares can be sold there. When a company's shares are sold at the Stock Exchange for the first time, this is known as 'going public'. Not all companies choose to go public and in Britain a company can still be a public limited company without going public.

VII. Investing in a Limited Company. 1 - shares; 2 - freely; 3 - dividends; 4 - face; 5 -
market; 6 - liquidation; 7 - creditors; 8 - debts; 9 - liability; 10 - limited; 11 - bankrupt; 12

- unlimited.

VIII. Must/can 1 - must; 2 - must; 3 - can; 4 - can; 5 - must; 6 - must; 7 - can; 8 - must; 9

- can; 10 - must.

IX. Key Words in Talking About Company Relationships. 1 - e; 2 - i; 3 - j; 4 - h; 5 - k; 6

-1; 7 - c; 8 - f; 9 - a; 10 - g; 11 - d; 12 - b.

X. Securing a loan. 1 - o; 2 - a; 3 - j; 4 - f; 5 - e; 6 - k; 7 - c; 8 - h; 9 -1; 10 - g; 11 - b; 12 -
d;13-m;14-n;15-i.

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