Partnership business does not fail when one owner of the

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5. The disadvantage of a partnership is … .
a) that the owner makes decisions without consulting 
anyone.
b) the ability to attract financial resources and talented 
managers.
c) that the partners may disagree with each other.
Упражнение 12. Ответьте на вопросы.
What forms of business organization do you know?
What is a sole proprietorship?
What is a partnership?
What is a limited partnership?
In what professional fields is the partnership useful?
What are the disadvantages of this form of business?
What is a corporation?
What are the advantages of a corporation?
Упражнение 13. Переведите текст, не пользуясь словарем.
We know three forms of organizing business: the sole propri-
etorship, the partnership and corporation. The sole proprietorship 
is the simplest organizational form, where there is only one owner 
of the business. A partnership is a business form of more than one 
owner to carry out business. In this form of business there may be 
a silent partner, which invests money to get profit but has no right 
to manage.
A corporation is a business form of an institution operated by 
managers .
The advantages of this form of business are the ability to 
attract financial resources, and to hire talented specialists and 
managers. This form is economically better when the profit reaches 
a great sum of money.
The main rule of any kind of business is to sell the right product 
at the right time in the right place. In this case the business will 
be successful.

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