TASK 10.2 Vocabulary
Underline the correct words in italics.
Money that a person or company owes is debt / liability.
The word debts / liabilities, when used in the plural and in a formal context, has the same meaning - but it can also have a wider meaning of 'legal responsibilities'.
The word owner / proprietor means that you legally have something - anything. The word owner / proprietor means that you have a business (and is more formal).
If you and your business partners all have the same risks at the same time, then you divide / share the risks. If you separate the risks into smaller parts or different categories, then you divide / share them (= split them).
A shareholder / stakeholder / stockholder is someone who owns part of a business, in British English. A shareholder I stakeholder / stockholder is the same, in American English. A shareholder / stakeholder / stockholder is anyone who has an interest in the success of a plan, system or organization.
If you're a shareholder in a company, then every year you receive an income / a profit / a dividend paid out of the company's income / profits / dividends.
TASK 10.3 Grammar
Use the word given in capitals at the end of each line to form a word that fits in the gap in the same line.
A new hobby
INTEREST
ASSOCIATE
FORTUNE
KNOW
EQUIP
ENJOY
COMPETE
TRAIN
OPPOSE
MEDAL
I saw some badminton on TV and found it quite (1) ,_________so I
thought I'd see if there was a club or (2)________ in my area. I looked
everywhere but, (3)_________ the nearest club was 80 kilometres
away. So, without any (4)________ I decided to form my own club.
It was very hard in the beginning -1 didn't have any (5)________ and I
had to convince a few people that it was an (6)_________ way to keep
fit. I organised a small (7)_________ which was a lot of fun, and things
started to grow from there. Now we've got a full-time (8)____________ and
our (9)____________ come from all over the country. One of our members
was even a bronze (10)___________in the national championship!
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