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I. STARTING UP
colleague /kli/ (n) A person with whom one
works in aprofessionor business.
Ex : I have a lot of friendly colleagues in my company.
opportunity /ptjunti/ (n) = chance
Ex : He told me not to miss the opportunity.
facility /fslti/ (n) A place,oramenity, piece
ofequipment providedfor aparticularpurpose
. Ex : The developer will also offer a full facilities
management service.
flexible /flksbl / (a) capable of being changed
Ex : What I like enjoy most about my job is flexible hour.
flexibility /flksblti/ (n)
QUESTIONS
What is Michaels job?
He is a chairman of Dell Computer Corporation in
the U.S.
Does he have four trips to Asia each year?
No, he doesnt. He has two trips to Asia each year.
Where does he live?
Austin, Texas
What time does he wake up when he is at his
home?
He wakes up at 5:30 am.
What do you know about his wife?
His wife is Susan and she owns a clothes shop in
Austin.
QUESTION
Does he have four children? How old are they?
Yes, he does. They are all under age of ten.
Does he arrive at his office at 7:30 a.m.?
No, he doesnt. He arrive at 8:00 a.m.
What does Michael do at his office?
At his office he talks to his customers and makes
plans for the organization.
Does he have dinner with his family?
Yes, he does.
What does he usually do after dinner?
He reads stories for his children and gets them to
bed. He often spends time in the evening writing email.
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READING 1
QUESTION
READING 2
VOCABULARY
Association /,sousi'ein/ (n) a group of people
organized for a joint purpose
Ex: the National Association of Probation Officers.
Liability /,lai'biliti/ (n) the state of being legally
responsible for something
Ex: This will include taking into account accrued liabilities
and assets.
Authority /:'riti/ (n) the power or right to give
orders, make decisions, and enforce obedience
Ex: arebellionagainst thosein authority
VOCABULARY
Accounting /'kaunti/ (n) the process or work of
keeping financial accounts.
Ex: standardaccounting practice
Insurance /in'urns/ (n) an arrangement by
which a company or the state undertakes to provide a
guarantee of compensation for specified loss, damage,
illness, or death in return for payment of a specified
premium
Ex: Many newborrowerstake outinsurance against
unemployment or sickness
Stockbroker /'stk,brouk/ (n)
Abrokerwhobuysand sellssecuritieson astock
exchangeonbehalfofclients.
Ex: She is a stockbroker.
Estate /is'teit/ (n) an area or amount of land or
property, in particular
VOCABULARY
Prospect /prspkt/ (v) Searchformineral deposits,
especially bydrillingandexcavation
Ex: the company isalsoprospecting forgold
Mining /'maini/ (n) process or industry of obtaining coal or
other minerals from a mine.
Ex: Mining is prohibited in the National Park
VOCABULARY
Sole /soul/ (n) Theundersurfaceof a persons
foot
Ex: the soles of their feet werenearlyblackwithdirt
Proprietor /prpratr/ (n) the owner of a
business, a hotel, etc
Ex: Enquiries must be made to the proprietor.
Proprietorship / prpratrp / (n)
Multiple /'mltipl/ (a) having or involving
several parts, elements, or members
Ex: a multiplebirth
Diversify /dai'v:sifai/ (v) make or become
more diverse or varied
Ex: New plants will diversify thehabitat.
VOCABULARY
Debt /dt/(n) a sum of money that is owed or due
Ex: Ipaid offmy debts.
Legal /'li:gl/ (a) Relating to the law: Permitted by
law
Ex: the European legal system
Complication /,kmpli'kein/ (n) a circumstance
that complicates something; a difficulty
Ex: There is a complication concerningownershipof the
site
Arise /'raiz/ (v) emerge; become apparent
Ex: The newdifficulties had arisen.
Desirable /di'zairbl/ (a) wished for as being an
attractive, useful, or necessary course of action
Ex: Youre averydesirablewoman.
QUESTION
What is partnership?
A partnership is an association of two or more people
to carry on a business for profit
What is the difference between a general
partner and limited partner?
When the owners of a partnership have unlimited
liability, they are called general partners. If one or more
partners have limited liability, they are called limited
partner.
What are advantages of partnerships?
They are easy to form, and often receive treatment by
the government as well as tax benefits
What are disadvantages of partnerships?
Unlimited liability and disagreement between partners.
Complication can also arise with the death of a partner.
How many types of partnership owners are
there?
THE END.
THANK YOU FOR YOUR
WATCHING !