Вопрос № 224040 - Английский язык

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Management of a 1_________ consists of the board of directors who decide corporate 2__________, and the officers who carry on the daily 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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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 3_________ regulation and double taxation. In addition, 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.

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The Switzerland-based Nestle 1__________, once a Swiss chocolate maker, now is the world's biggest food company and the largest 2__________ of coffee, powdered milk, and frozen dinners. The company also became number 1 in candy after passing Mars. And with the purchase of Perrier for $2.7 billion, Nestle became the world's largest producer of mineral water with a 20 per cent share of the world 3__________. Nestle achieved its success through intensive global expansion. Nestle does only 2 per cent of its 4_________ in Switzerland: the remaining 98 per cent is in other countries.