Вопрос № 224038 - Английский язык

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The city of London has long been the nexus of international activity in a number of highly organized 1_________ markets. These include the London  2_________, the sterling money
and bond 3__________; the foreign exchange markets; eurocurrency markets; financial futures; billion; commodities; shipping and 4__________.

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Banking and financial 1_________ operations in Britain involve a number of special institutions and 2_________ markets which, as a result of deregulation and new legislative frameworks, are increasingly integrating. Many 3_________ and financial institutions are unique to Britain and offer highly specialized 4_________ to individuals, companies and sovereign bodies all over the world.

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

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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.