After studying this module, you should be able to answer the following questions:
1. What is a firm?
2. Why do people prefer to form limited companies?
3. What are advantages and disadvantages of major forms of business organizations?
4. What types of integration are used by companies?
5. What is special about a state - owned corporation?
EXERCISES:
I. Use the following modal verbs: can, may, must, need.
1. Peter ... return the book to the library. We all want to read it. 2. Why ... not you understand it? It is so easy. 3. ... we do the exercise at once? — Yes, you ... do it at once. 4. ... you pronounce this sound? 5. You ... not have bought this meat: we have everything for dinner. 6.1... not go out today: it is too cold. 7. ... I take your pen? — Yes, please. 8. We ... not carry the bookcase upstairs: it is too heavy. 9. We ... not carry the bookcase upstairs ourselves: the workers will come and do it. 10. When ... you come to see us? — I ... come only on Sunday. 11. Shall I write a letter to him? — No, you ... not, it is not necessary. 12. ... you cut something without a knife? 13. Everything is clear and you ... not go into details now. 14. He ... not drink alcohol when he drives. 15. Don't worry! I ... change a light bulb. 16. By the end of the week I ... have finished writing my book. 17. She ... not call the doctor again unless she feels worse.
II. Use necessary sequence of tenses:
1. I knew they (to wait) for me at the metro station and I decided to hurry. 2. I didn't know that you already (to wind) up the clock. 3. I was afraid that the little girl (not to be) able to unlock the front door and (to go) upstairs to help her. 4. He says that he (to know) the laws of the country. 5. Sarie understood why Lanny (not to come) the previous evening. 6. She asked me whether I (to remember) the legend about a faithful lion. 7. He understood that the soldiers (to arrest) him. 8. He could not understand why people (not to want) to take water from that well. 9. I suppose they (to send) a dog after the burglar immediately. 10. He said he (to leave) tomorrow morning. 11. She says she already (to find) the book. 12. He stopped and listened: the clock (to strike) five. 13. She said she (can) not tell me the right time, her watch (to be) wrong. 14. I asked my neighbor if he ever (to travel) by air before. 15. The policeman asked George where he (to run) so early. 16. The delegates were told that the guide just (to go) out and (to be) back in ten minutes.