I. Go through the following vocabulary notes to avoid difficulties in understanding and find these words in the text.

Date: 2015-10-07; view: 370.

IV. Careers in Business

VIII. Retell the text according to its outline.

VII. Make an outline of the text consisting of 5-8 sentences.

VI. Choose the correct variant to finish the sentence.

1. The financial condition of the firm………. .

a) is the same as the financial condition of the owner.

b) is better than the financial condition of the owner.

c) depends on the financial condition of the shareholder.

2. Some proprietors try to protect themselves…… .

a) lending assets such as their houses and automobiles to their relatives.

b) selling assets such as their houses and automobiles to their spouses.

c) pledging the assets to their relatives.

3. A partnership is an unincorporated enterprise owned……… .

a) by two or more firms.

b) by the members of the government.

c) by two or more individuals.

4. In limited companies, ownership is represented by…….. .

a) shares of stock.

b) assets.

c) investors.

5. All of the partners are…….. .

a) subject to limited financial liability.

b) subject to unlimited financial liability.

c) subject to unlimited juridical liability.

6. Limited companies are subject to …….. .

a) shareholders' income taxes.

b) federal and provincial income taxes.

c) foreign investors income taxes.