Read the following text.

Determine the type of text, the subject field, the sub-field, the degree of
specialization, the users, the peculiarities of this specialized text. Underline in the following text terms
that belong to the identified subject field. Find the Romanian equivalents to the terms from the text.
Translate the text into Romanian.

The economy can be divided into two overall sectors:

goods-producing businesses (manufacturing, agriculture, construction, mining) and
service businesses (wholesale and retail trade, finance and insurance, transportation and utilities, and other
services).
The goods-producing businesses are businesses that produce tangible products, while the service
businesses are those that provide intangible products or perform useful labour on behalf of another person.
Businesses can also be divided into:
capital-intensive businesses; these are those businesses that require large investments in capital assets;
labour-intense businesses; these are those businesses in which labour costs are more important than capital
costs.
But the best way of classifying businesses is according to business ownership. The most common forms
of business ownership are:
sole proprietorship;
partnership;
corporation.
Each form of ownership has a characteristic internal structure, legal status, size, and field to which it is
best suited. Each has key advantages and disadvantages and offers the employees a distinctive working
environment with its own risks and rewards.
A sole proprietorship is a business owned and usually operated by a single individual. It is the easiest
form of business to start with limited funds. As a sole proprietor, you work for yourself, you are the only one
who decides when to work, how many hours a day, whom to hire, in a word you are independent. But you
also have unlimited liability and restricted financial resources. A proprietorship has a limited life. When the
proprietor dies, the business often dies, too. A proprietor who wants to make sure his business will grow and
continue without him, generally forms a partnership or merges with a larger business.
A partnership is an unincorporated business owned and operated by two or more individuals under a
voluntary legal association. There are general proprietorships, in which all partners are legally equal and
liable for businesss debts, and limited partnerships, in which one or more people act as general partners, the
other partners are passive investors whose liability is limited to the amount of their capital contribution.
A partnership has an increased capital and credit resources, greater profit potential, unlimited life span;
but the general partners have unlimited liability, they might have management problems, etc. Thats why,
many professionals (such as doctors, accountants, lawyers) prefer establishing corporations to partnerships.
A corporation is a legally charted enterprise with most of the legal rights of a person, including the right
to conduct a business, to own and sell property, to borrow money or to sue or to be sued. There are different
types of corporations: public corporations (that is, companies owned by large numbers of public investors;
these investors buy stock on the open market, thereby providing public corporations with large amount of
permanent capital; in return, the shareholders receive the chance to share the profits if the corporation
succeeds); private corporations (corporations whose stock is not available to the general public; they
withhold their stock form public sale, preferring to finance any expansion out of their own earnings or to
borrow from some other sources); nonprofit corporations (are incorporated institutions whose owners have
limited liability and that exist to provide social service rather than make a profit); etc.
(Adapted from Business Today, by David J. Rachman & co., 1990, p.39)
Exercise 2. Completai n limba romn urmtorul tabel n baza informaiei din textul de mai sus.
Forma de proprietate

Avantaje

Dezavantaje