TASK I. Translate the following words and word combinations or find Russian equivalents.

1. to provide for material wants

2. to satisfy society’s desire for social welfare

3. to set very definite and clear aims

4. to provide professional services

5. small retail stores

6. real estate firms

7. to formulate a written agreement

8. the distribution of profits and losses

9. specific responsibilities

10. to hire workers

11. to pay taxes

12. to invest in the business

13. short-term aim

14. public relations departments

15. board of directors

TASK 2. Translate the following sentences into Russian.

1. Organizations are established to meet wants in society. 2. The aims of an organization are normally decided by the board of directors. 3. A business owned and controlled by one person is called a sole proprietorship. 4. A partnership is a business that is owned and controlled by two or more people. 5. A partnership contract outlines the distribution of profits and losses. 6. A corporation is owned by stockholders. 7. Stockholders invest in a corporation in order to make a profit. 8. Profitability is the main aim of any business organization. 9. Shareholders and employees benefit from the growth of the company. 10. A number of companies have public relations departments to improve the image of the company.

TASK 3. Fill the gaps in the sentences below with the words and expressions from the box. There are two expressions, which you don’t need to use.

public at large shares closed corporation distribution material wants invest social welfare make a profit limited provision commercial wants

1. Private businesses are formed mainly to provide for __________ (i.e., goods and services) and______(i.e., banking, insurance) in society. 2. Government organizations, on the other hand, tend to satisfy society’s desire for defence, law and order, education and_____. 3. Every organization has very definite and clear aims: to stay in business and_____. 4. Partnership can be general or______. 5. A partnership contract includes_____ for adding or dropping partners and dissolving the partnership. 6. A ____ is owned by a limited number of shareholders. 7. A publicly owned corporation allows its ____ to be purchased by anyone who chooses to invest in the business. 8. The image of the company which means how the _____ views a company can be particularly important.

TASK 4. Find English equivalents for the following Russian expressions and words.

1. удовлетворять потребности

2. социальное обеспечение

3. получать прибыль

4. правление (совет директоров)

5. распределение прибылей и убытков

6. вкладывать деньги в бизнес

7. извлекать пользу из

8. широкий круг людей

9. отдел по связям с общественностью

10. конкурентоспособный

TASK 5. Translate the following sentences from Russian into English.

1. Организации создаются для того, чтобы удовлетворять потребности общества. 2. Правительственные организации удовлетворяют потребности общества в защите, законе и порядке, образовании и социальном обеспечении. 3. Организации ставят перед собой определенные и четкие цели, например — получать прибыль. 4. Акции - это сертификаты на право собственности в корпорации. 5. Акционеры - это лица, которые вкладывают средства в корпорацию путем приобретения пакета акций. 6. Многие врачи, юристы, пекари, дантисты организуют индивидуальные частные предприятия для предоставления профессиональных услуг. 7. Товарищество - бизнес, которым владеют и управляют двое или более человек. 8. Чтобы избежать конфликтов, партнеры обычно заключают письменное соглашение, называемое договором о сотрудничестве. 9. Корпорации имеют право приобретать собственность и ресурсы, нанимать рабочих, заключать контракты. 10. Рост и развитие фирмы - это единственный путь, чтобы гарантировать ее выживание.

FINDING OUT ABOUT COMPANY PROFILE

TASK 6. Before you listen to Dialogue No 1 use Glossary to match the words below with their definitions.

1. Capital 2. Investment 3. Dividends 4. Share 5. Profit 6. Earnings 7. Turnover

a. amount of sales of goods or services produced by a company in a particular period of time

b. one of the equal parts of a company that you can buy as a way of investing money

c. the money that remains after the costs of doing business have been paid

d. the profit made by a company

e. payments corporations make to their shareholders

f. placing of money so that it will increase in value

g. money needed to start or grow a business