2 Answer the questions

1. What is the economic system made up of?

2. What is a public limited company?

3. What is a holding company?

3 Name the following

1. the people who own a business together;

2. (owning) a large amount of money, goods or property.

3. a company that offers the same or better goods and services as another and therefore competes for the same customers.

4. the place where something is located;

4. Open the brackets

1 I know everything about finance. I (to work) as a financial manager for 15 years.

2 I (read) the report for 2 hours before I left the office.

3 The parent company (finance) its subsidiary for 2 months.

Міністерство освіти і науки, молоді та спорту України

Промислово економічний коледж НАУ

Циклова комісія іноземних мов

Дисципліна - «англійська мова»

Директорська контрольна робота

Варіант 12

1 Translate into English

A business is an organization of material, human, financial, and information resources that are joined together for a specific purpose. Not all businesses are owned and organized in the same way.

In unlimited liability companies the owners are personally and entirely liable for the debts of the company. This means they may lose their personal assets (e.g., their house or their car) if the company is in financial difficulties.

In a limited liability company (Ltd.) the owners are liable only for the amount of money they have invested in the business.

2 Answer the questions

1. What are corporations?

2. Is a public limited company privately or state-owned?

3. Who elects the Board of Directors?

3 Name the following

1. commercial activities in general;

2. a person who owns shares in a company and is, therefore, a member of the company;

3. a person who works for another person, business or government;

4. a person in charge of a department;

4 Open the brackets

1 We (to think) of ways to help our sister company for a week already.

2 We were tired as we (work) since early morning.

3 Everyone (to pack) boxes before the company moved into a new office.