1) Rich&Bright was started by Sam Rich and his brother-in-law, Charlie Bright, fifty years ago. It was a successful ..... a) parent company b) privatized c) family company d) subsidiaries 2) But the Socialist Party won an election and the government nationalized the company. It was now managed by a government department. It was ... a) takeover b) state-owned c) subsidiaries d) joint venture 3) Then the Christian Democrats won an election. The new government sold R&B. It was .... a) privatized b) state-owned c) hostile takeover d) stakeholders 4) But by this time both Sam and Charlie had died. The new owners were banks and pension funds. They were the ..... . a) state-owned b) principal shareholders c) merger d) joint venture 5) Of course, many more people - managers, employees and their families, and clients - also had an interest in the success of the company. These were the ..... . a) privatized b) principal shareholders c) takeover d) stakeholders 6) The new management decided to turn some of the business units into separate companies. They became..... . a) stakeholders b) merger c) subsidiaries d) takeover 7) R&B kept a majority shareholding in all of them. It was the ...... . a) parent company b) merger c) takeover d) subsidiaries 8) Then the American giant, Monsterbuck, suggested that the two companies work in partnership on a new product. They proposed a .... . a) joint venture b) takeover c) state-owned d) merger 9) But everyone knew that Monsterbuck really wanted to buy R&B. Monsterbuck wanted a ..... . a) parent company b) takeover c) joint venture d) hostile takeover 10) The R&B management did not want Monsterbuck to buy the company. But Monsterbuck offered the R&B shareholders lots of money and won control. It was a ..... . a) merger b) stakeholders c) joint venture d) hostile takeover 11) Now there is news that Monsterbuck and another American giant, Megadollar, will join together soon. It will be a very big .... .  a) subsidiaries b) privatized c) merger d) principal shareholders

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