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Grammar Exercises 
Exercise1. Make the sentences negative. 
M o d e l:
I am going into business 
I am not going into business 
1.
Your business is receiving the tax benefits.
2.
Your partnership is running the great risk. 
3.
We are getting along quite well with my partner. 
4.
They are going to be general partners.
5.
The partners are sharing profits and losses with each other. 
6.
Their partnership is losing their profit every month. 
Exercise 2. Put up four questions of different types (general, 
special, disjunctive, alternative) to each sentence. 
 
M o d e l: 
The partners are getting along quite well.
Are the partners getting along quite well? 
Why are the partners getting along quite well? 
The partners are getting along well, aren’t they?
Are the partners getting along well or badly? 
1.
Jane is doing the books in our firm. 
2.
We are putting the same amount of money into business.
3.
My brother is investing his money in the private cafe. 
4.
They are distributing the losses unequally. 
5.
We are combining resources very well. 
 
 
 
 
 
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16
LESSON 3 
CORPORATIONS 
A business corporation is an institution established for the 
purpose of making profit. It is operated by individuals. Their shares of 
ownership are represented by stock certificates. A person who owns a 
stock certificate is called a stockholder. 
There are several advantages of the corporate form of ownership. 
The first is the ability to attract financial resources. The next 
advantage is the corporation attracts a large amount of capital it can 
invest it in plants, equipment and research. And the third advantage is 
that a corporation can offer higher salaries and thus attract talented 
managers and specialists. 
The privately owned business corporation is one type of 
corporation. There are some other types too. Educational, religions
charitable institutions can also incorporate. Usually such corporation 
does not issue stock and is nonprofit. If there is a profit it is reinvested 
in the institution rather than distributed to private stockholders. 
In some western countries, cities, states, federal government and 
special agencies can establish governmental corporations. A few 
examples of these governmental corporations are states universities
state hospital and city owned utilities. Governmental corporations are 
non-profit as a rule and usually they do not issue stock certificates. 

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