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G Competitive Tendering and Joint Bids.

Read the following definitions and match them to words in bold in the advertisement below.

1A group of companies who work together only for a particular contract.
consortium .

2A company owned and run by two or more people who do not receive interest on capital invested in the company.

__________________.

 

3A company which is 100% owned by a parent company.

__________________.

4A project with two or more partners.

__________________.

5Someone brought in to work on part of a large project.

__________________.

6A formal proposal to do something at a certain price in a certain time period.

__________________.

 

Puertos Secos S.A. CALL FOR BIDS Puertos Secos S.A. (the sponsor) invite offers for the operation of a dry port facility at Barajas, Madrid.   Tenders will be accepted from any partnership, private company, or consortium, including companies operating with wholly-owned subsidiaries, or partially-owned subsidiaries, or other joint-venture agreements. The use of sub-contractors is acceptable. However the contract will be awarded to a single individual or company who shall be responsible for the management of the project. Details from: Ministerio de Asuntos Interiores, Departamento de Transportes, c/Bernardino Obregon, 44-48, 28012 MADRID. Tel: (9)1 530 09 06  

 

 

H Company Strength and Market Position

Complete the words below to match the given meanings.

 

1To grow, to get bigger. e x pan d
2To stop activities that do not make much money and to reduce the number of staff. r _ t _ _ _ _ l _ _ _
3The action of winning ownership and control of another company. _ _ q _ _ _ _ _ _ _ n
4To join two companies to create one bigger company. _ m _ _ g _ _ _ t _
5A company that is owned by a parent company. s _ _ s _ _ _ _ _ _
6One company taking control of another, smaller one. t _ _ _ - o _ _ _
7Where one company is the only supplier to a particular market. m _ _ _ p _ _ _
8Where a parent company sells a subsidiary (the opposite of number 3 above). d _ v _ _ t _ _ _ _ _
9A large group, owning and controlling many companies. h _ _ _ _ _ g c _ _ __ _ y
10An illegal agreement between two or more companies to fix high prices. c _ _ t _ _
11Fixing low prices until a competitor goes out of business. p _ _ _ _ w_ _
12Two companies joining together to create one company. m _ _ _ _ _
13A de-merger, two companies separate. b _ _ _ _ - u _

 

Notice the difference in meaning between the verbs take over and overtake.

Take over: obtain or assume control of something, or gain control of something from somebody else.

Overtake: to catch up with and pass a person, a vehicle travelling in the same direction or a competitor.

Atakeover (notice spelling of noun) is generally a hostile merger where the company taking control of another does so against its wishes. A merger is usually a common decision, welcomed by both parties.



 

I Company Law

The following text introduces the area of company law. Complete the text by using the words in the box below.

agreements borrow corporations court debts dividends employees legal legislation liability limited objectives partnership profits property registered (x2) shareholders sole trader sue

A company is a 1) legal entity, allowed by 2)__________, which permits a group of people, as 3)__________, to create an organization, which can then focus on pursuing set 4)__________. It is empowered with legal rights which are usually only reserved for individuals, such as the right to 5)__________ and be sued, own 6)__________, hire 7)__________ or loan and 8)__________ money. The primary advantage of a company structure is that it provides the shareholders with a right to participate in the 9)__________, a proportionate distribution of profits made in the form of a money payment to shareholders, without any personal 10)__________.

There are various forms of legal business entities ranging from the 11)_________, who alone bears the risk and responsibility of running a business, taking the profits, but as such not forming any association in law and thus not regulated by special rules of law, to the 12)__________ company with 13)__________ liability and to multinational 14)__________. In a 15)__________, members “associate”, forming collectively an association in which they all participate in management and sharing 16)__________, bearing the liability for the firm’s 17)__________ and being sued jointly and severally in relation to the firm’s contracts or tortious acts.

Limited- liability companies, or corporations, unlike partnerships, are formed not simply by 18)__________ entered into between their first members; they must also be 19)__________ at a public office or 20)__________ designated by law or otherwise obtain official acknowledgement of their existence.


Date: 2015-12-24; view: 1304


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