Exercises. I. Translate the text. Find these words in the text and memorize them:

I. Translate the text. Find these words in the text and memorize them:

goods; services; to make a profit; joint-stock company; body corporate; legislation; to be incorporated/ unincorporated; head office (headquarters); enterprise; public companies; private companies; registered securities; stock; bonds; stock exchange; non-exchange quotation services; public ownership of assets; public limited company; form of incorporation; shares; shareholders; to report under; to raise funds and capital; securities; to publicly disclose; competitors; market value; to be traded; institutional shareholders; initial public offering; to convert; maturity; bought-out company; subsidiary or joint venture; entity; to enact laws and regulations; supermajority; market capitalization; volume

II. Answer the questions:

1. Could you define the term “company”?

2. What is a company according to the English law?

3. What is a big-sized company called if it operates in more than one country?

4. What is the basic classification of companies?

5. Is there only one meaning of the term “public company”?

6. If a company has a lot of shareholders, does it have to be a “public company”?

7. Which company is regarded to be the first to issue shares?

8. How can a public company raise capital?

9. Do public companies sometimes issue shares as a compensation for their staff?

10. What advantages and disadvantages does a private company have?

11. How can a private company turn into a public one?

12. Are there any cases when private companies are reluctant to become public?

13. What takes place when a publicly-owned company is purchased by one or more publicly-owned companies?

14. What is called the market capitalization of a public company?

15. What would take place if all the shareholders simultaneously tried to sell their shares in the open market?

16. What is commonly referred to as the "volume"?

Unit 2

Text C