Listening
8. Listen and write down George Colby’s appointments. Mr. Davis Day: _______________________ Time: ______________________ Ms. Andreou Day: _______________________ Time: ______________________ 9. George Colby makes some appointments. Listen. Complete the chart with his appointments.
Follow up 10. Imagine you are a businessman travelling on business. Make up a three-day programme of your stay in London. Include formal and informal occasions. Then tell the group about your business trip.
St day. Morning__________________________
Afternoon_________________________
Evening___________________________
Nd day Morning __________________________
Afternoon _________________________
Evening ___________________________
D day Morning __________________________
Afternoon _________________________
Evening ___________________________
COMPANY ACTIVITIES Unit 4
Forms of Business Organization Lead in 1. Discuss the questions in pairs. Then present your ideas to the whole group.
What famous companies do you know? What is their activity? What other forms of business organization do you know?
Reading 2. Read the text. Find definitions of each form of business organization. Make a list of advantages and disadvantages of each form. Discuss them.
Forms of Business Organization
A Sole Proprietorship.
There are several forms of business organization. The most popular of them are: a sole proprietorship or individual proprietorship; a partnership; a corporation. They all have their advantages and disadvantages. A sole proprietorship is a business owned by one person. Sole proprietorships are the most numerous kind of business organization, but most are very small. The reason for their popularity is that they are the easiest and least costly to organize. There are other advantages. Sole proprietors own all the profits of their enterprises, they are their " own bosses", free to make whatever changes they please. They do not have to pay the special taxes placed on corporations. Sole proprietors also have the opportunity to achieve success and recognition through their individual efforts.
There are also disadvantages. A very serious one is the unlimited liability that each proprietor faces. All debts and all problems associated with the business belong to the owner. If a business fails the owner must personally assume the debts. A second disadvantage is that it has limited capital. The money is limited by the amount of his or her savings or ability to borrow. Other disadvantage may include lack of opportunities for employees, limitations of size and growth.
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