Vocabulary Exercises

Exercise 1. Transform the sentences according to the model.

Model: We are the company officers.

We supervise daily management.

We, as the company officers, supervise daily management.

1. My friends are the stockholders of IBM Corporation. They hold annual meetings.

2. These businessmen are the organizers of this corporation. To issue and sell stock in exchange for investment capital.

3. A corporation is the owner of the property. It has limited liability.

4. Dick is a manager. He wants to form a corporation.

5. A corporate charter is a certificate of incorporation. A charter is granted by a state officer.

6. The stockholders are the owner of the corporation. They have final authority in management of the company.

7. The owners of the corporation are the stockholders. The owners of the corporation must vote.

Exercise 2. Transform the sentences according to the model.

Model: We organized our corporation a year ago (to invest much money).

We have been investing much money since we organized our company.

1. They became company officers (to supervise daily management).

2. My friend bought the stock of the company five years ago (to make money).

3. They received the corporate charter a month ago (to plan a meeting).

4. We advertised the application last week (wait for reply).

5. He became a member of the Board of Directors (work hard).

6. We elected a new Board of Directors last month (plan change).

Exercise 3. Answer the questions.

1. In what corporation would you invest money?

2. What legal procedure do you have to follow if you want to form a corporation?

3. Who has final authority and supervises the daily management of a corporation?

4. How often do the stockholders choose the company officers?

5. The stockholders have unlimited liability, don't they?

6. In what way can a corporation act?

7. What do you think about the possibilities of forming corporations in this country?

8. In what spheres of industry is a corporate form of proprietorship the most beneficial in this country?

Exercise 4. Translate into English.

1. Корпорация может выпускать и продавать акции.

2. Корпорация может предлагать более высокую заработную плату.

3. Корпорация имеет больше возможностей для вовлечения финансовых ресурсов, чем партнерство.

4. Каждый год акционеры проводят собрание.

5. Образовательные, благотворительные, религиозные учреждения могут быть корпорациями. Подобные учреждения, как правило, не приносят прибыль.

6. Эта корпорация прибыльна, она будет расширяться.

7. Сначала вы должны подать заявление на корпоративный патент.

8. Акционеры имеют решающее слово в управлении корпорацией.

9. Административные исполнители кампании осуществляют постоянное руководство.

10. Владельцы акций проводят ежегодное собрание и вы­бирают совет директоров.

11 .Корпорация имеет право возбуждать уголовное дело.

Exercise 5. Make up the dialogue.

1. Ask a lawyer how to form a corporation.

2. Discuss with your friend advantages and disadvantages of a corporate form of proprietorship.

3. Advertise a corporate form of proprietorship.

Grammar Exercises

Exercise 1. Make the sentences negative.

Model: They have held a meeting.

They haven't held a meeting.

1. The stockholders have elected the Board of Directors.

2. This corporation has issued the stock.

3. The Board of Directors has chosen the company officers.

4. This company has greatly expanded.

5. We have already applied for a corporate charter.

Exercise 2. Put up 4 questions of 4 types (general, special, disjunctive, alternative) to each sentence.

Model: The stockholders have held the annual meeting.

1. Have the stockholders held the annual meeting?

2. What have the stockholders done?

3. The stockholders have held the annual meeting, haven't they?

4. Have the stockholders held a meeting or a conference?

1. The partners have applied for a corporate charter.

2. The stockholders have voted at the annual meeting.

3. The company has issued the additional stock.

4. They have invested all their money in this company.

LESSON 4

THE FUNCTIONS OF AN EXECUTIVE