Task 3. Fill the gaps in the sentences below with the words and expressions from the box. There are two expressions, which you don’t need to use.

public at large shares closed corporation distribution material wants invest social welfare make a profit limited provision commercial wants

1. Private businesses are formed mainly to provide for __________ (i.e., goods and services) and______(i.e., banking, insurance) in society. 2. Government organizations, on the other hand, tend to satisfy society’s desire for defence, law and order, education and_____. 3. Every organization has very definite and clear aims: to stay in business and_____. 4. Partnership can be general or______. 5. A partnership contract includes_____ for adding or dropping partners and dissolving the partnership. 6. A ____ is owned by a limited number of shareholders. 7. A publicly owned corporation allows its ____ to be purchased by anyone who chooses to invest in the business. 8. The image of the company which means how the _____ views a company can be particularly important.

TASK 4. Find English equivalents for the following Russian expressions and words.

1. удовлетворять потребности

2. социальное обеспечение

3. получать прибыль

4. правление (совет директоров)

5. распределение прибылей и убытков

6. вкладывать деньги в бизнес

7. извлекать пользу из

8. широкий круг людей

9. отдел по связям с общественностью

10. конкурентоспособный

TASK 5. Translate the following sentences from Russian into English.

1. Организации создаются для того, чтобы удовлетворять потребности общества. 2. Правительственные организации удовлетворяют потребности общества в защите, законе и порядке, образовании и социальном обеспечении. 3. Организации ставят перед собой определенные и четкие цели, например — получать прибыль. 4. Акции - это сертификаты на право собственности в корпорации. 5. Акционеры - это лица, которые вкладывают средства в корпорацию путем приобретения пакета акций. 6. Многие врачи, юристы, пекари, дантисты организуют индивидуальные частные предприятия для предоставления профессиональных услуг. 7. Товарищество - бизнес, которым владеют и управляют двое или более человек. 8. Чтобы избежать конфликтов, партнеры обычно заключают письменное соглашение, называемое договором о сотрудничестве. 9. Корпорации имеют право приобретать собственность и ресурсы, нанимать рабочих, заключать контракты. 10. Рост и развитие фирмы - это единственный путь, чтобы гарантировать ее выживание.

FINDING OUT ABOUT COMPANY PROFILE

TASK 6. Before you listen to Dialogue No 1 use Glossary to match the words below with their definitions.

1. Capital 2. Investment 3. Dividends 4. Share 5. Profit 6. Earnings 7. Turnover

a. amount of sales of goods or services produced by a company in a particular period of time

b. one of the equal parts of a company that you can buy as a way of investing money

c. the money that remains after the costs of doing business have been paid

d. the profit made by a company

e. payments corporations make to their shareholders

f. placing of money so that it will increase in value

g. money needed to start or grow a business

TASK 7. Listen to Dialogue No 1 between two speakers and answer the questions below. Then listen again and check your answers.

1. What are management trainees supposed to do?

2. What are the keys to company’s success according to Managing Director?

3. How can the company keep up its image?

TASK 8. Complete the dialogue using the words from the box. There are two words which you don’t need to use.

investment earnings shares management profit dividends turnover capital image

RICHARD: What does one need to start a business?

FRANK: To start a business, you need_____ (1)______ - that is, money. You can borrow it; or you can sell parts of your company - equal parts, of course. These are called _____ (2)_____ and the people who buy them become shareholders.

RICHARD: Why do the shareholders buy the shares?

FRANK: They expect to get something in return for their ______(3)_______ . I f the company does well, it pays _____ (4)_______on each share. The value of the shares (of a public company) can rise, so that their market price is often much higher than the amount printed on the share certificate - though it may fall below it if the company does badly.

RICHARD: Why do serious investors read the financial press?

FRANK: They want to know not only the share prices but the company’s ____ (5)______ , and the company’s __ (6)_______, and the result of dividing that amount by the number of shares which is called______(7)_____ per share.

RICHARD: You seem to know everything about company business. Thank you for information.