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 the_as well as the advantages of running a business. Because all the members of a partnership are personally_for 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 some_in 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.