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GLOSSARY

Exercise 1: Complete the sentences with the correct form of the verbs GO, TAKE OR GET and one of the expressions below:

…into a fight, …under, ….a helm, ….public, …out of style

  1. Businesses that provide goods or services that do not go out of style do better in the long run.

  2. Unfortunately many businesses have gone under during recession.

  3. Although there is usually resistance from family members, companies have to take a helm to raise capital.

  4. It’s difficult to keep family and business affairs entirely separate – sometimes disagreement erupts and family members get into a fight at workplace.

  5. The company management was out of the family’s hands, until the great-grandson decided to take over again.

Exercise 2: What do we really mean when we talk about a mutual fund, a management trust, a conglomerate, a holding company, a subsidiary? Match the words with their definitions.