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1. Answer these questions:

  1. What types of business corporations do you know? Which of them is the most common type?

  2. How does the public corporation obtain its funds?

  3. By what letters are public and private limited companies indicated?

  4. Can shareholders sell their shares back to the company?

  5. Where can one buy or sell shares of a corporation?

  6. When will the price of a PLC’s shares go up?

  7. Who can gain control of a PLC?

  8. What is the largest number of owners of a private limited company?

  9. What corporations excepting business ones are permitted to incorporate?

  10. What types of corporation usually do not issue stock?

2. Fill in the blanks:

  1. Ownership … are sold to large number of investors.

  2. A … limited company must put letters LTD after its name.

  3. Shareholders sell their shares to the people who wish to buy on the … ….

  4. If the PLC fails, the price of its shares will ….

  5. A private limited company’s shares cannot be … for sale to the general public.

  6. Educational, religious, and charitable corporations are called … institutions.

  7. Governmental corporations provide certain … … function.

  8. Nonprofit and governmental corporations usually don’t … stock certificates.

3. Match the types of corporations and their characteristics:

  1. public limited company (PLC)

  1. It consists of members instead of stockholders. Its profit is generally reinvested in the institution rather than distributed to private stockholders. It provides community services and provides no dividends.

  1. private limited company (LTD)

  1. It usually has not more than 50 members who provide the capital. All or most stock is held by family members. Shares cannot be offered for sale to the general public.

  1. nonprofit corporation

  1. It provides public welfare functions. It usually doesn’t issue stock certificates.

  1. governmental corporation

d. It may have hundreds of thousands of shareholders, who have one vote for each share they own.

  1. Translate these word combinations into Russian:

Closed corporation, privately-held corporation, nonprofit corporation, small business corporation, subsidiary corporation, joint stock company, one-man company.

  1. Match the statements with the types of corporations:

  • Public limited company

  • Private limited company

  1. Its shares can only be sold privately and are not available for general public.

  2. There are no restrictions on the number of members in it.

  3. It is often a local family business and is common in building, retailing, and clothing industries.

  4. It can impose restrictions upon share transfer.

  5. It can obtain its capital from members of the public.

  1. Translate the sentences into Russian:

  1. External financing comes primarily from common stocks, bonds, and bank debts.

  2. The largest Russian businesses were more efficient than state-run enterprises.

  3. The term “manager” is more frequently used in profit-making organizations.

  4. Stocks are expected to offer better returns than bonds or cash, as a result, the experts recommend keeping 70% of your portfolio in stocks, with 17% in bonds, and 8% in cash.

  5. The typical large business enterprise of today in the UK consists of a small number of interrelated public companies and numerous private companies.

  1. Translate the sentences into English:

  1. Наиболее распространённый тип корпорации – это открытая акционерная компания.

  2. Акционеры не могут продавать свои акции обратно компании, но могут продать их на фондовой бирже.

  3. Акционер, которому удаётся приобрести 51% акций, может установить контроль над акционерной компанией открытого типа.

  4. Частная корпорация имеет ограниченное число владельцев.

  5. Большинство частных корпораций является небольшими компаниями.

  6. В некоммерческих компаниях прибыль, как правило, не распределяется между владельцами акций.

  7. Правительственные организации всегда являются некоммерческими и обычно не выпускают акции.