Unit 7 types of business organization

Step 1 lead-in discussion of text A1. questionWhat are business organizations in your ideas ?

• Step 2 read the text A and summarization • 1. Prepare for the vocabulary • 1)Sector characteristics• Interior decorate• Accountant architect• Liability collapse• Maximum subscribe• Compulsory

• 2) give some examples of similar expressions with different meanings

• A the man in the blue is his uncle• The man in the blues is his uncle• B Mary had a word with John• Mary had words with John• C she got the boot yesterday• She got the boots yesterday • D mary has given bob a hand • Mary has given her hand to bob • E the lady is in red• The lady is in the red• F that fellow did hard work • That fellow did hard labor

• 3. read the passage • 4. give opinions to the following question• What do the public and private sectors refer to in

the British economy?• What are sole traders and partnerships? What

kind of business is each best suited for?• What are the differences and similarities

between public and private limited companies? And what does “limited” mean in both cases?

• Step 3 exercises of text A• 1 Comprehension • Choose the right answer of the following multiple choices • 1) the article is written mainly to ____\• A guide the reader about how to invest in the UK• B discuss the mixed economy of the UK• C define several common forms of business

organizations in the UK• D define and compare several types of business

organizations commonly found in the UK

• 2. vocabulary • 1) the types of business unit which is described

as sole trader (or sole proprietorship) is one which is owned, run and controlled by one personA master B owner C manager D worker

• 2) A partner who contributes more capital will receive a bigger share of the profits

• A charges B shares C invests D has

• Step 4 fast reading • Passage one • Dividend • Liquidation• Go into liquidation• First read the following question• the passage mainly discusses _______• A limited companies • B investing in stock exchange • C shareholders• D investing in a limited company