Organisation

XII. Problem-solving.

The students can choose any answers they like as long as they are legally possible and they can justify them. The arguments in each case are:

1. You could start a new shop. It could either be a sole proprietorship owned by you or your spouse, a partnership between you and your spouse or a private or public company (with you and your spouse as principal shareholders and directors). If you formed a limited company, you might find other people to invest money. The tax advantages would be greater if you formed a sole proprietorship or a partnership and possibly considered changing to a limited company after about two years. Even if you were a limited company from the beginning, the bank would probably insist that you guaranteed the loan personally (even if the company went into liquidation, you would still be liable to pay back the money), but your liability to your suppliers would be limited.

You could consider buying out the old lady's shop so that she could retire - or going into partnership with her or setting up a limited company with her as a shareholder. Note that if she died, a partnership would have to be dissolved, but a limited company could continue to trade as long as you still had at least two shareholders (you and your spouse). One question to consider in relation to the old lady is how much the local people like shopping with her or how much they are in need of a new shop.

2. You cannot start a sole proprietorship, but you could start a partnership (with 2, 3 or 4 partners) or a private or public limited liability company. The fact that one couple has two children is irrelevant to the type of business you start, but it might affect the working hours of one couple. The amount of money you take out of the business is not related to the type of business you start.

3. You could start a sole proprietorship, or possibly a partnership with your father. It is unlikely for this sort of business that you would want to be a limited company. If you were a partnership, your father would share in the risk and in the profit. If you were a sole proprietor you would presumably pay your father a straight interest repayment (hopefully at better rates than you would get from the bank).

UNIT 8. IV Works and Responsibilities. 1 - a; 2 - c; 3 - c; 4 - b; 5 - a; 6 - b; 7 - a; 8 - b; 9 - c; 10 - c.

STRUCTURES V 1 - c; 2 - e; 3 - b; 4 - a; 5 - f; 6 - g; 7 - d.

VII. The Sales Department. 1 - b; 2 - c; 3 - b; 4 - a; 5 - a; 6 - c; 7 - b; 8 - c; 9 - a; 10 - b.

VIII. R & D in the UK - the Current Picture. 1 - spending; 2 - corporate; 3 - evaluation:
4 - performance; 5 - policy; 6 - resources; 7 - programmes; 8 - costs; 9 - centers; 10 -
budget; 11 - outsourcing.

IX. Production department - 1, 4,11
Marketing department - 2, 3, 6, 7, 9,11
Finance department - 5, 8,10,11,12

KEYS

X. Human Resources. 1 - d; 2

12-c.

■ b; 3 - a; 4 - b; 5 - b; 6 -d; 7 - b; 8 - a; 9 - b; 10 - d; 11 - c;

REVISION EXERCISES

III. Financing the Deficit. 1 - budget; 2 - spendings; 3 - reduced; 4 - reliance; 5 - bank; 6

- supply; 7 - inflation; 8 - adversely; 9 - limit; 10 - occur; 11 - leads; 12 - repaid.

VI. Production. 1 - d; 2 - b; 3 - g; 4 - h; 5 - e; 6 - c; 7 - f; 8-а.

Дата добавления: 2014-12-23