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 theas well as the advantages of running a business. Because all the members of a partnership are personallyfor 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 somein 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.

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