Exercise 5 Complete these sentences with the verbs from the box

make ▪ climb ▪ take ▪ have ▪ decide ▪ offer

1. Employees in large multinationals have excellent career opportunities if they are willing to travel. 2. Some people … a career break to do something adventurous like sailing round the world or going trekking in India. 3. One way to … a career move is to join a small but rapidly growing company. 4. In some countries it can take years to … the career ladder and reach senior management level. 5. Certain companies ….career opportunities to the long-term unemployed or to people with formal qualifications. 6. Ambitious people often … on a career plan while they are still at school or university.

Words to Remember:

acquisition – придбання

annual meeting – щорічні збори

assets – активи

be liable for – бути відповідальним за

branch – відділення, філія

buy shares (stocks) – купувати акції

charter – статут

debt – борг

depend on – залежати від

dissolve a company – розпускати компанію

dotcom – інтернет-компанія

elect the Board of Directors – обирати раду директорів

enterprise – підприємство

entrepreneur – підприємець

fail – не вдатися; failure – невдача, провал

franchise – ліцензія

in the event of – у випадку, за умови

issue – випускати, видавати

joint stock company – акціонерне товариство

joint venture – спільне підприємство

legal person – юридична особа

limited liability – обмежена відповідальність

lose – втрачати

meet creditors’ demands – виконувати вимоги кредиторів

merger – злиття

own – володіти

owner – власник, syn proprietor

ownership – власність, володіння

participate – брати участь

partnership – співробітництво, компанія

private limited company (Ltd) – приватна компанія з обмеженою відповідальністю

profit – вигода, прибуток

provide (supply) capital – надавати капітал

public limited company (Plc) – державна компанія з обмеженою відповідальністю

raise money – збирати гроші

run a company – керувати компанією

sell (sold) – продавати

set up a company – створювати компанію

share – ділитися, розподіляти

shareholder – акціонер

sole trader – одноосібна власність, syn proprietorship

Stock Exchange – фондова біржа

subsidiary – дочірня компанія, філія, syn affiliate company

take the risks – брати на себе ризик

Exercise 6 Form all possible derivative words from the given word: e.g. success – succeed – successful – succession - successor

Own, profit, liable, fail, elect, lose, sell, provide, invest, pay, manage, develop, produce, employ, special.

Exercise 7 Match the definitions to these easily confused words:

subsidiary (affiliate) ▪ branch ▪ agency

· A company which is controlled by a parent company.

· A business or place of business providing a (usually specified) service.

· A local office belonging to a national firm organization

Put the right word – subsidiary (affiliate), agency or branch – into the blanks.

1. Coca-Cola has a(n) …. in more countries than there are in the United States.

2. A travel … can organize business trips as well as holidays.

3. A(n) … is a company of which more than half the share capital is owned by the holding company.

4. The major banks have at least one … in all large cities.