Read the text for obtaining information about management organization. Find out the meaning of the underlined words.

All the directors together are the board. They meet in the boardroom.Non-executive directorsare not the managers of the company; they are outsiders, often directors of other companies who have particular knowledge of the industry or of particular areas. In the UKnon-executive directors are chairman/chairwoman/ chief executive/managing director.In the USthey are president/chief executive officer (CEO)/chief operating officer(COO).

Senior managers may be called senior executives/top executives/executive directors.They heador head uptheir departments.

The finance director may be called the chief financial officer (CFO).

In the US, senior managers in charge of a particular areas are often called vice presidents (VPs), for example, VP marketing/human resources.

Match the job titles with the best definition on the right.

1.Chief Executive Officer            a. Manager responsible for (CEO) buying.

2. Information Systems Director b. Person who designs computer networks

3. Purchasing Director                c. British English term for senior manager of a company.

4. Human Resources Director              d. Manager responsible for the creating goods or services for sale to customers.

5. Systems Analyst                              e. American English term for the top manager of a company

6. Managing Director                           f. Person responsible for setting up training opportunities for employees

7. Marketing Director                           g. The person responsible for computer operations in a company.

8. Production Director                         h. Person responsible for managing product development, promotion, customer service, and selling.

9. Customer Service Manager              i. Person responsible for markets in other countries.

10. Staff Development Officer             j. Manager responsible for personnel issues.

11. Finance Director                   k. Person responsible for relationships with customers.

12. Exports Manager                  l. Person responsible for presentation and control of profit and loss.

Read the text and use the information to complete the chart showing a company’s organization.

The Managing Director is in charge of the plant which is just outside Nottingham. The plant is divided into three departments. Production, Administration and Marketing Department. The Marketing Department is not based in Nottingham. It is in London. The Production Department is divided into two sections: Motors and Spare Parts. The Motors section employs 75 people and it makes electrical motors for the machines. The Spare Parts section deals with replacement pieces for old machines and it employs 15 people. The Administration department is divided into three sections. The Commercial section has double the staff of the Financial section and they deal with all the orders. Finally there is the Personnel department which has only two people at the moment. They hire and fire the staff as well as arrange all staff training.

Read and translate the text about the types of business organization. Find the Ukrainian equivalents for the underlined words.

· I’m the chief executive of a British company called Megaco PLC. “PLC”means public limited company, so anybody can buy and sell shares in Megaco on the stock market. We must have an authorized share capital of at least £ 50,000 of which no less than 25% must be paid up.

· I’m CEO of Bigbucks Inc. “Inc” stands for Incorporated. This shows that we are a corporation, a term used especially in the US for companies with limited liability.

· I’m the managing director and main shareholder of a small company called AdCom Ltd.“Ltd” means limited company. The other shareholders and I have limited liability: we do not have to use our personal property, such as a car, to pay the company’s debts. Our liability is limited in the event of the company being wound up (US=Corporation).

· We are Thompson, Styles and Granville, a small accountancy partnershipjointly owned by three partners. We have joint liability for debts. This means that if one partner defaults, the remaining partners are liable.

· I’m a freelancegraphic designer, a freelancer. That means I work for myself – I’m self-employed**. I prefer working independently for different companies rather than being employed by one particular company. To use an official term, I am a sole trader.

· I have a small firm called Adman. I offer public relations advice to organizations. I am a sole trader (BrE) or sole proprietor/owner (BrE, AmE), i.e. an individual who runs an unregistered (unincorporated)* business.

*Registered (Inc.) are organisations are legal entities and have an existence separate from their owners. Organisations which are not registered (unincorporated) do not acquire an independent existence.

**You usually describe people such as designers and journalists as freelancers, and people such as builders and plumbers as self-employed.

What type of organization is each of these?

1. A group of engineers who work together to provide consultancy and design services. There are no outside shareholders.

2. A large British engineering company with 30,000 employees. Its shares are bought and sold on the stock market.

3. An American engineering company with outside shareholders.

4. An engineer who works by herself providing consultancy. She works from home and visits clients in their offices.

5. An independent British engineering company with 20 employees. It was founded by three engineers, who are shareholders and directors of the company. There are five other shareholders who do not work for the company.