Active Vocabulary. Vocabulary Practice

Dialogue

Vocabulary Practice

Comprehension Questions

Active Vocabulary

corporation	корпорация
to establish	учреждать
stock certificate	сертификат акций
stockholder (shareholder)	акционер, держатель акций
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, charitable institutions	образовательные, религиозные, благотворительные, учреждения
to issue stock	выпускать акции
nonprofit	неприбыльный
to reinvest	вкладывать ещё раз

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 tell about the disadvantages of the corporate form of ownership?

5. Do the corporations issue stock to stockholder?

6. What kind of corporations does not usually issue the stock?

7. What world known corporations do you know?

8. What types of business usually take the corporate form of ownership?

Choose the necessary word and put it in the sentence.

1. What kind of … is better: buying stock or buying real estate?	a. charitable
2. To attract greater financial … the company issues the stock.	b. stock
3. A university can be … corporation.	c. resources
4. The partners didn't put the same … into business.	d. institution
5. The group of people from different countries is going to … a corporation.	e. investment
6. The Red Cross is an international … organization.	f. nonprofit
7. I want to buy some... in IBM and General Motors.	g. amount of capital
8. An educational... usually reinvests all of its money.	h. to establish

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 to 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?
Jackson	That's what I mean. Though the officers of the company supervise daily management, the stockholders always have the 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	Ok. Why don't we get together for a game of golf one day next week?

bylaws	юридические положения для предприятий
I need some legal advice	Мне нужен юридический совет
to incorporate	объединяться
to invest	вкладывать деньги
to expand	расширяться (о производстве)
to follow a legal procedure	следовать юридической процедурe
to apply for a corporate charter	подавать заявление на корпоративный патент
to issue and sell stock	выпускать и продавать акции
in exchange for investment capital	взамен на вложенный капитал
to hold a meeting	проводит собрание
to elect a board of directors	выбирать совет директоров
to choose the company's officers	выбирать административных исполнителей компании
to have final authority	иметь решающее слово
to supervise daily management	осуществлять ежедневное руководство
to vote	голосовать
annual meeting	ежегодное собрание
to have limited liability	иметь ограниченную юридическую ответственность
to own property	владеть собственностью
to sue	возбуждать уголовное дело
to be sued	подвергаться судебному разбирательству

Дата добавления: 2017-01-14