Прочитайте текст и заполните пропуски подходящими по смыслу словами А corporation is a business 1___...: ответ на тест 782364 - Английский язык

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А corporation is a business 1_________ authorized by the state to conduct business and is a separate legal entity from its owners. It is the dominant form of American 2__________ because it 3__________ it possible gather large amounts of capital together.
Before a corporation may do business, it must apply for and receive a charter from the state. The state must approve the articles of incorporation, describe the 4__________ purpose and structure of proposed corporation.

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А corporation is a business 1_________ authorized by the state to conduct business and is a separate legal entity from its owners. It is the dominant form of American 2__________ because it 3__________ it possible gather large amounts of capital together.
Before a corporation may do business, it must apply for and receive a charter from the state. The state must approve the articles of incorporation, describe the 4__________ purpose and structure of proposed corporation.

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Management of a corporation 1_________ of the board of directors who decide corporate policy, and the officers who carry on the 2__________ operations. The board is elected by the stockholders, and the officers are appointed by the board. Some specific duties of the board of 3__________ are to declare dividends, authorize contracts, decide on executive salaries, and arrange major loans 4___________.

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The corporation form of business has several 1_________ over the sole proprietorship and partnership. It is a separate 2_________ entity and offers limited liability to the owners, ease of capital generation and 3__________ of transfer of ownership. 4_________, it allows centralized authority, responsibility and professional management.

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The corporation form of 1__________ has 2_________ disadvantages. It is subject to greater government regulation and double taxation. 3_________, separation of ownership and control may allow management to 4__________ harmful decisions.

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Milbank is known to have advised a variety of Western clients over the years on trade, licensing and related transactions with 1________ Europe. Most recently, for example, Milbank advised a major American retail company on its sale of certain equipment for use in Russian 2_________ and assisted a Western bank in devising a structure to monetize East German foreign 3_________ obligations. Milbank has many 4________ of experience in advising clients on export controls and technology transfer restrictions that may be applicable in these transactions.