The term “company” has a special meaning when applied to business. A company is usually an enterprise that has limited liability. Companies with the word “Limited” or the abbreviation (缩写) “Ltd” after their name are defined as a company. Also, if you form. a limited liability partnership, or open a franchise (特许经营权), these are usually defined as companies as well. If you are not sure of the legal status of your business, you can contact a business solicitor for legal advice.
Within a company a board of directors, partners or chief executive will usually make the day-to-day decisions for their business. Most of the decisions the chief executive makes do not need to be ratified (批准), but more far reaching decisions will usually need the backing of the company’s board of directors with a majority vote.
A company can also have shareholders. How many shares an individual or investment group holds will determine how much say they have about the running
1According to Paragraph 2, within a company, who usually has the final say on the most important decisions?
A、Its business solicitor.
B、Its board of directors.
C、Its business partners.
D、Its chief executive.
2What determines how much say an individual has in a company’s decision-making?
A、The importance of the decision.
B、The state of the company’s business
C、The number of shares the person has in the company.
D、The company’s Annual General Meeting.
3How do business partners know whether they have the decision-making powers within a company?
A、Through the challenges their decisions meet.
B、Through checking with other partner companies.
C、Through consulting with a business solicitor.
D、Through the items of their partnership agreement.
4In writing this passage, the writer seems to be addressing ____________.
A、people who are laymen in business matters
B、people with much business experience
C、people who are going to start a company
D、people with power in business management
5What is the passage mainly about?
A、The way a company makes decisions.
B、The style. a company does business.
C、Development process of a company.
D、Organizational structure of a company.