III. Guess the word.
1. st...br.k.r.g.; 2. c.p.t.l; 3. .ns.r..c.; 4. m.d.c.n.; 5. .cc..nt..g; 6. p..tn..sh.p; 7. .wn..s..p; 8. p..tn.r; 9. l..b.l.t.; 10. pr.f.t; 11. m.n.g.m.nt.
IV. Choose the necessary word and put it in the sentence:
1. Partnerships very often receive... 1 secret partner
from the government. 2 unlimited liability
2. Limited partnership is a common 3 real estate
form of ownership in ... 4 general partners
3. Partnerships have many ... , one 5 advantage
is that they receive tax benefits 6 profit
from the government 7 capital
4. ... are the partners with unlimi- 8 management
ted liability. 9 tax benefits
5. ... has the authority in management
but he is not known to public.
6. Secret partner takes part in ...
7.General partners have ...
8. One advantage of a partnership is
that it offers a multiple source of ...
9. A partnership can bring much ...
to the partners.
V. Answer the questions using the text “Partnerships”.
1. What is the difference between a general partnership and a limited
partnership?
2. Is there any difference between a silent partner and a secret partner?
What is this difference?
3. In what professional fields are the partnerships found?
4. In what businesses is the partnership a common form?
5. What are the advantages of a partnership?
Discuss the disadvantages of a partnership. Would you prefer partnership
or sole proprietorship for a business? Give your reasons.
VI. Read and translate the Dialogue.
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