ities permit large corporations to maintain the competitiveness and productivity?
4) What are the advantages of large corporations?
5) What are the disadvantages of this kind of organizing a business?
I. Accomplish the sentences and choose the right ending:
1) Sole proprietorship is business when a firm is owned and operated . .
By two or more individuals
By managers
By a single man
2) A partnership is a business of . . . .
A single owner
Two or more co-owners
An institution operated by managers
3) The rights and duties of a partnership are regulated by . . . . .
Silent partner
The Government of the state
The laws of the state and the agreement made by co-owners.
4) A corporation is . . . . . . . . . .
A specific lrgal form of organization of persons and resources for the purpose of conducting business and making profits
A form of business organizations of two co-owners
A form of business organization of a single proprietor
5) The competitiveness and productivity of large corporations are maintained due to . . . . . . . .
Scientific "know how" innovation and technical capability
Possibility of making profits
Possibility of performing certain services
II. Now you are welcome to fill in the table and find advantages and disadvantages of every form of business.
The Sole Proprietorship
The Business Partnership
Large Corporations
Advantages
Advantages
Advantages
The Sole Proprietorship
The Business Partnership
Large Corporations
Disadvantages
disadvantages
disadvantages
III. Now listen to the dialogue and then be ready to make up your dialogue acco
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