simple-business-terms-01

I am fully satisfied with the course, it surpassed my expectations. It should rather be called legal education than a language course. I enjoyed listening to the teacher very much. I will make every effort to come next time.Helga Gulyás-Perisic, J.D., Chief Legal Counsel, GlaxoSmithKline Kft.
I liked the course very much, the atmosphere was great and we learnt a lot in great details. I also appreciated that we could discuss points where there were disagreements.Orsolya dr. Horváth, Legal Counsel, WebEye International Kft.
This was the second course. It also fully complied with my expectations. I can use the material that we have studied during my daily work. It was good to do lots of exercises because it enabled me to learn on top of work and caring of my children. I especilly appreciate your knowledge of the field, as well as your supportive approach.Zsófia dr. Hermány, Junior Legal Counsel, Magyar Telekom Nyrt.
The course surpassed my expectations. It was very efficient. Despite a very tight schedule, I could learn the materials thorugh the repetitive structure of the course and the numerous exercises. László Galuska, Purchasing Manager, Jabil Circuit Magyarország Kft.
Thank you again for the training programme. I found it extremely useful. I liked the professional presentation of the materials and I appreciate that you have demonstrated a deep knowledge of the field.Szabina Dr. Söptei, J.D. Legal Trainee, CMS Cameron McKenna LLP
I liked the course very much. It gave an overall understanding of the subjects of law of probate and trusts and the related property issues.Éva Szénási, J.D., Legal Trainee, Clifford Chance LLP


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	Every company is directed by a __________ or a Board of Directors.
		boss
		leader
		director
		head

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	The list of the items discussed at a meeting is the ____________.
		diary
		log
		agenda
		outline

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	A person doing business alone on his/her own account is a(n) __________.
		sole proprietor
		entrepreneur
		contractor
		undertaker

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	The two fundamental forms of doing business in association with others is the company and the ___________.
		cooperation
		venture
		consortium
		partnership

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	The most typical document used for incorporating a company is called _________.
		articles of association
		deed of donation
		establishing document
		certificate of good standing

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	This focus of this test on general terms used in the lifes of business associations. Find the most appropriate term from the list.
	START

	A person with an interest in a company usually owns ___________.
		shares
		rights
		power
		proxy

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	The supreme decision making body of a company is generally called the __________ meeting.
		management
		supervisory
		general
		audit

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	The discussions at corporate meetings are recorded in _________.
		paper
		minutes
		deed
		notice

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	The person having an interest in a partnership is referred to as a __________.
		person
		partner
		proxy
		peer

	Prev9 of 20Next

	The directors may vote for or against a proposed action, or may ____________.
		derogate
		stay
		opt out
		abstain

	Prev10 of 20Next

	To establish a company, one needs to contribute funds called _________.
		equity
		principal
		capital
		funds

	Prev11 of 20Next

	The liability of the owner of a company is usually __________.
		limited
		reduced
		capped
		maximized

	Prev12 of 20Next

	_________ law regulates the operation of various companies.
		Company
		Case
		Cooperative
		Commercial

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	Companies hold regular _________ to discuss matters.
		negotiations
		trials
		sittings
		meetings

	Prev14 of 20Next

	A company is entitled to conduct ___________ activity.
		business
		accounting
		regular
		professional

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	The daily activity of the company is managed by its ___________.
		superiors
		officers
		auditors
		presidents

	Prev16 of 20Next

	A company unable to repay its debts may be ____________.
		closed
		ended
		cleared
		liquidated

	Prev17 of 20Next

	The shareholders are not _________ for the debts of a corporation.
		liable
		answerable
		in charge of
		controlling

	Prev18 of 20Next

	Every business must prepare certain ________ reports.
		booking
		financial
		company
		profit

	Prev19 of 20Next

	The _________ are the owners of a corporation.
		members
		partners
		managers
		shareholders

	Prev20 of 20