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—Okay, what is the decision?
—As you know, we have been a privately held, family-owned company for over 120 years,_____________.

  • and I think it definitely has a bright future

  • but it may be time to consider some major changes

  • but the company faces tough competition

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—We've done very well so far but if we want to see serious growth ______________.
—Yeah...maybe. But I have my doubts.

  • it might be time to stick to original business model

  • it might be time not to change company model

  • it might be time to ditch our old business model and go public

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One kind of partnership is called a limited ________partnership.

  • obligation

  • responsibility

  • liability

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Can you tell us why you think this makes good business ______to you?

  • deal

  • sense

  • program

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The proprietor owns all of the property of the business and is responsible ________ everything.

  • to

  • for

  • at

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阅读理解:根据文章内容,选择正确答案(每题10分)。

Organizing a Business in Different Ways

  Businesses are structured in different ways to meet different needs. The simplest form of business is called an individual or sole proprietorship. The proprietor owns all of the property of the business and is responsible for everything.
  Another kind of business is a partnership. Two or more people go into business together. An agreement is usually needed to decide how much of the partnership each person controls. One kind of partnership is called a limited liability partnership. These have full partners and limited partners. Limited partners may not share as much in the profits, but they also have less responsibility for the business. Doctors, lawyers and accountants often form partnerships to share their risks and profits. A husband and wife can form a business partnership together. Partnerships exist only for as long as the owners remain alive. The same is true of individual proprietorships.
  But corporations are designed to have an unlimited lifetime. A corporation is the most complex kind of business organization. Corporations can sell stock as a way to raise money. Stocks represent shares of ownership in a company. Investors who buy stock can trade their shares or keep them as long as the company is in business.
  A corporation is recognized as an entity—its own legal being, separate from its owners. A board of directors controls corporate policies. The directors appoint top company officers. The directors might or might not hold shares in the corporation. Corporations can have a few major shareholders, or ownership can be spread among the general public. But not all corporations are traditional businesses that sell stock. Some non-profit groups are also organized as corporations.

This passage is mainly about 1 .
A. why different forms of business run
B. when different forms of business raise money
C. how different forms of business are organized

2. What is usually needed to decide the portion of the partnership each person controls? 2
A. A rule.
B. An agreement.
C. A regulation.

3. Who are not included in limited liability partnerships? 3
A. Full partners.
B. Limited partners.
C. Unlimited partners.

4. How can corporations raise money? 4
A. By selling stock.
B. By buying stock.
C. By holding corporation shares.

5. Who controls corporate policies in a corporation? 5
A. Chairman of the board.
B. A board of directors.
C. The owner of the corporation.

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