1. Choose the correct forms. Give a summary of the text.
White Consolidated Industries is one of the three largest appliance (manufacture / manufacturers / manufacturer) in the United States. Its sales of $2 billion in 1983 was surpassed only by General Electric and Whirlpool. It was founded in 1876 to (produce / producer / production) and sell sewing machines. But its real (expand / expansion / expansive) began about twenty years ago. It bought 8 dying appliance (divide / division /divisions) from such big firms as Westinghouse, Ford, GM, and American Motors. The trouble with these divisions was that they were not efficient enough to meet the price (compete / competitor / competition). Within a year White has nursed the patients to (finance / financial / financier) health and transformed them into money (make / maker / makers). As a result, White has become known as a strong (compete / competitor / competition).
2. Read the extracts using correct forms o f the words.
1) A corporation (differ_) from sole (propriet_) and (partner ) in that it has an (exist_) separate from its (own_). Thus, for instance, a corporation is not liquidated with every change in (own_). Shares can be sold and bought at any time, they are (transfer_).
2) Limited companies have to show their (regist_) (umber and the address of the (regist_) office on their stationery.
3) If a company's (finac_) state is good and it (require_) additional funds, the stockholders may be asked to vote for the (issu_) of additional shares of common stock. The (decide/s_), however, must be carefully thought out. If too many shares are (issu_), the basic value of each share is reduced.
3. Read the text using appropriate words from the list below. Summarize the ideas about the role of partners in a partnership.
Partnership is good for people who feel that they can trust each other to share theas well as the advantages of running a business. Because all the members of a partnership are personallyfor its debts, the___of partners requires very careful the thought. A partner should be able to make an important to running the business in an area which you are unable to take care of. Hе may have some expertise or have important business contacts to bring in work. He may even be a "sleeping partner" who is doing little apart from putting somein return for a share in the future . To avoid potential disputes it is advisable to compose a formal partnership.
Words to choose from: agreement; choice; cont¬ribution; money; profits; risks; liable; specialized.
Lisa and I like to spend time together. When I come home from school she runs to greet me. It is so pleasant!
Lisa is a hunting dog. That is why it does not like cats. When Lisa sees a cat it begins to bark as a mad dog and tries to bite a cat. But one day Lisa helped a kitten.
Lisa and I were walking in the yard. It was a nice spring day. My dog was very active that day. It ran, jumped and even danced. I was sitting and reading a book about Harry Potter. But suddenly Jessie ran fast to the big tube at the end of the yard. It was a huge tube, walking near that tube was dangerous because it could break into pieces. Lisa was barking and barking all that time and I ran after my dog to look what was there. Only then I saw a little kitten in the hole of the tube. The kitten could not get out of the hole without anybody’s help; it had crack-up. I could not look at the kitten without tears; it was difficult and dangerous but I helped the kitten to get out of the tube.
Now this kitten is a young and strong cat; it lives with my elder sister. She has her own family and lives not far from our parents’ house. So Lisa saved the cat and I am proud of my dog!
Sometimes brings me slippers, sometimes Lisa tears them. I never get angry with it because I can buy new slippers but new Lisa I will not buy for all money of the world.
2. If they're going to Greece in April, I won't be able to join them.
3. If you don't spend time in the sun, you won't get a suntan.
4. Will they come round tomorrow if I phone and invite them?
5. If you don't turn off the TV, I'll break it!
6. Will she eat out with me if I ask her to?
7. Kate will enjoy herself at the party if Max comes too.
8. I'll have to stay in if my mother wants me to help her about the house.
9. Listen, if you go to the cinema tonight, will you take my sister with you?
10. If I go to Moscow on the spring holidays, I'll try to get in as much entertainment as I can!