剑桥与商务英语中级模拟19.docVIP

Test 6 READING 1 hour READING PART ONE Questions 1—7 ·Look at the sentences below and the following introduction about the types of ownership. ·Which type of ownership does each sentence 1—7 refer to? ·For each sentence 1—7, mark one letter (A, B, C or D) on your Answer Sheet. ·You will need to use some of the letters more than once. 1. There is no limit to the number of people holding shares in it. 2. The company can list on the stock exchange and the share can be sold to the public. 3. The company usually is organized by doctor and lawyer. 4. The shares of the company are not allowed to be sold to the public 5. The company has to publish its accounts each year. 6. The members of the company bear limited liability for debts and losses. 7. In this form, people can spend their time in doing what they are best at. A Partnerships On the whole, this is not a popular form of business organization, but it is often used by people in the professions, like doctors, dentists or lawyers, to expand their business. Greater efficiency is possible because people in this sort of association can spend their time doing what they are best at. If one person is sick, then the remaining partner(s) can carry on the work. The main disadvantage is that even with this form of ownership, the amount of money available to the business may be limited. If people quarrel or disagree over decision making there can be problems and serious delays. B Public (Plc) Companies These are the largest businesses in the private sector. There is no limit to the number of people holding shares in it and many of the larger companies have their shares listed on the stock exchange. The advantage of big businesses like this is that they find it easier to raise money as banks consider them a good risk. There are strict laws governing the setting-up of this kind of business and each year the company has to publish its accounts. The larger such businesses grow, the more difficult it is to control them. Workers in s