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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 |
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: 1580
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