Self study 0 Task 1What is quality?

3.2 After reading the text in 3.2, fill in the missing words
Although a corporation is owned by many people, it is treated by the law as if it were a (1)PERSON. A corporation can make (2)CONTRACTS, pay taxes, and own (3)PROPERTY. (4] STOCK represents ownership in the corporation and a right to a portion of the (5) PROFITS and ASSETS of the company. To register a corporation, the owners must file an (6) ARTICLES OF INCORPORATION application. If it is approved, the state will issue a (7) CORPORATE CHARACTER, which is a license to do business. Stockholders who own (8) _ holder part ownership and at the annual stockholders’ meeting have voting rights in the corporation. However, unlike owners of (9) money return on the money invested in a company’s stock, they are not guaranteed a dividend nor do they have first claim on corporate assets. A corporation must also select a (10) the first board for your corporation and establish the (11)_ Bylaws are a , or set of rules, in order to operate. Two major advantages of a corporation are (12) _________ __________ s(14) __________ __________ is often slow and complicated because of the levels of management involved and that corporations often pay several kinds of (15_ certain portion on profits and income
Task 4
4.2 Complete each explanation with a pair of words from the box. The words may not be in the right order.

agent / broker promotion/ advertising client / customer brochure / catalogue commercial / spot sponsorship/ endorsement

1. To refer to a buyer, the word client is more common where there is a standard product, and in shops and restaurants. The word customer is more
common in the service sector and where there is a degree of personalization.
2. A list of everything that a company sells is called a brochure. If it has lots of colour pictures and looks like a small magazine it is more likely to be called a catalogue. The former may have prices as well, the latter would not.
3. A general word that means 'the process of attracting people's attention to a product' is promotion. One specific example of this is advertising, which refers to text and images and sound in media such as television, newspapers, billboards and the Internet.
4. An advertisement on television, radio or film is called a sponsorship. An informal word with the same meaning is endorsement.
5. Commercial is when a celebrity uses a certain product as a way of promoting it.Spot is the activity of giving financial support to a sports or cultural event.
6. Both words mean 'a person who does business on behalf
of another company'. The word agent is used where there is a long-term relationship, whereas the word broker is more common for individual transactions (eg stocks).


Task 5
5.1 Prepare presentation on topic: “ Top markets in the world “