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Forms of Business

4.5.2018, , Zdroj: Verlag Dashöfer

201
Forms of Business

Edward Thomas

1. SETTING UP

Look at the table below. It describes the meaning of basic words used to describe businesses. Unfortunately they are mixed up, and need to be correctly linked. Can you manage it?

 

1. Found a) One person organising his / her own company.
2. Wind up b) Where shares are bought and sold.
3. Shares / stocks c) How much a person or people could lose if a company fails.
4. Stock exchange d) Where the losses of a company are mainly limited to falls in the value of its shares.
5. Partnership e) To end a company (liquidate).
6. Sole proprietorship f) Where the members of a business can lose only a limited amount.
7. Liability g) Parts of a company for sale to people who afterwards get a part of the company's profit.
8. Limited company (ltd) h) To start a company.
9. Public limited company (plc) i) Whether the company has enough money to operate or not.
10. Solvent / insolvent j) Two or more people who own a company together.

Correct answers are here1

Look at the table below. There you can see two very important words for businesses that are basic opposites (antonyms). Can you add the missing forms of the words? Some of the forms may be frequently used, others more unusual.

Can you find another antonym of the personal noun „loser”?2

What common verb do we use with the two abstract nouns from the table?3

 

Verb Personal noun Abstract noun Adjective
profit      
  loser    

Correct answers are here4

2. BRANCHING OUT

First of all, take the above paragraphs and put them into their logical order.

„So, this is how it was...“

A) By this time, the mid-2000s, we were employing 35 people in total. It was then that we were approached by - remarkably - the same multinational that I had originally worked for! They wanted to take over the company and invest a lot of money, and David and I would be the managers of this new creation, their subsidiary.

B) So here I am again, working for a public limited company which is listed on the London Stock Exchange. The great thing is I don't have to worry personally about the company's possible losses - the bad part is I only get a small part of the profits.

C) Because I had a lot of contacts I didn't have any problems in finding customers for my services - I went into companies and gave courses to the staff there. I also began to look for people to do jobs for some of these companies - that is how I started with recruitment, and that's when I met David and we formed a partnership to share the profits and the liabilities. David was a specialist in recruitment, while I was able to advise and train the people we recruited.

D) It began way back in the early 90's with just myself. I had worked for a big multinational and now I was ready to do something on my own. I became a sole proprietor of a small business training people in sales techniques. It was great fun organising my own schedule, my own offices, and so on - not so much fun organising my own tax forms and thinking about the liabilities I had if the business failed and I was left with a lot of debts.

E) The company we had founded grew very quickly. We even began selling some specialised products direct to purchasing departments. After a while we needed to get some extra capital to develop the business - that's when we re-formed the company as a limited company. We got new investors, some of whom became members of a board of directors which met regularly to discuss the progress the company was making - suggesting ways to increase our profits, for example. Of course, for their investments they got a part of the profits, so they were very interested in our success!

Correct answers are here5

Most of the words from exercise ”Setting up“ are used in it in some form. Find them and say which ones from this exercise are not used.6

Now find a word in the text which means:

 

1. people you need to give you business                                    
2. a smaller company which is owned by a bigger one                                     
3. an action where one company comes to own another                                     
4. the activity of „buying”