Language practice - раздел Философия, Учебно-методическое пособие «Economics and Plant Management»
I. Match The Words Their Definitions....
I. Match the words their definitions.
a) profit
1) material wealth in the form of money or property
b) turnover
2) a person who possesses something
c) capital
3) the number of times merchandise is bought, sold and restocked in a certain period of time
d) share
4) an instance of selling or buying
e) owner
5) one of equal parts, as the capital stock in a corporation
f) interest
6) the financial return after all expenses have been accounted for
g) loan
7) an establishment that performs financial transact tions
h) trade
8) a charge for a loan of money
i) bank
9) money lent with interest to be repaid
II. Complete the sentences below using the information of the text.
1. When two firms agree to join together it is called a … . 2. When one company purchases sufficient voting shares in another company to give it control of that company it is called a … . 3. There are three types of …: horizontal, vertical and lateral. 4. … reduces the risk for the company because it becomes less dependent on one market or one product. 5. Retained … is the key internal source of finance. 6. Companies issue two main types of …: ordinary and preference. 7. … is vital to a firm, both for growth and for survival. 8. … occurs when the firm sells its debts for less than their face value to receive immediate cash. 9. When the firm leases capital equipment it avoids the cost of … it.
III. Say whether these statements are true or false, and if they are false say why.
1. Turnover is a popular base to measure the size of a firm. 2. Internal or organic growth of firms is a slow process. 3. Takeovers take place between two firms agreeing to join together. 4. The integration that takes place as a result of the new company reorganizing its activities can be only horizontal. 5. Vertical integration occurs when a company moves into a new product area or market as a result of the merger/takeover. 6. The key external source of finance is retainedprofits. 7. The main external long-term source of finance is capitalinvested. 8. Sole traders and partners issue shares. 9. Companies issue three main types of shares. 10. A sole trader may also obtain long-term loan capital by issuing debentures. 11. Debentures are long-term loans which receive interest which must be paid. 12. Bankoverdrafts are based on a current account. 13. Hirepurchase and creditsale agreements can also be used by the firm to finance the purchase of fixed assets. 14. Companies refuse to produce a cash-flow analysis as part of their published accounts.
IV. Answer the following questions.
1. What are popular bases to measure the size of a firm? 2. How do firms grow? 3. What takes place between two firms agreeing to join together? 4. When do takeovers occur? 5. What kinds of integration do you know? 6. What kind of integration is also known as conglomerate integration? 7. What are the advantages of vertical integration? 8. What does growth require? 9. What are the major sources of finance for a public corporation in the public sector? 10. Is the key internal source of finance retained profits or diversification? 11. What choice must owners make? 12. Where can sole traders and partners find their own capital? 13. What are the two main types of shares which companies issue? 14. In what way may also a company obtain long-term loan capital? 15. What other major external sources of finance in addition to share and loan capital do you know? 16. Why is finance vital to a firm?
Учебно методическое пособие Economics and Plant Management представляет собой комплекс текстов по экономической тематике из оригинальных... Пособие состоит из разделов Первый раздел включает тексты предваряемые... Второй раздел состоит из текстов предназначенных для развития навыков монологической и диалогической речи Обширная...
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Language practice
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Text study
A basic understanding of economics is essential if we are to be well informed citizens.
It is characteristic of any society that while wants of people are growing constantl
Language practice
I. Mind the use of the words: economy, economics, economic, economical, economize.
1. 5,3 million people contribute to the economy of Belarus. Britain’s economy
Word list
Tertiary – третий, в-третьих; community services – коммунальные службы, услуги; emergency services – экстренные службы (полиция, пожарные); to result from - вытекать, происходить в результате, быть
Text study
Organizations in the economy are classified according to what they produce or provide:
– primary: extractive industries such as the “3 Fs” − f
II. Complete the sentences below using the information of the text
1. Organizations that manufacture products or construct roads, buildings are called … . 2. Private … firms are owned by individuals who hope to make a profit. 3. Land, …, … and enterprise are facto
IV. Answer the following questions
1. According to what are organizations in the economy classified? 2. What can you say about primary organizations? 3. What do secondary organizations do? 4. What kind of services do tertiary organi
II. Complete the blanks
1. An economist cannot … what will happen in future in the economic domain. 2. Economic laws are true under certain given … . 3. Economic laws tell the direction of … which is expected. 4. Complex
Language practice
I. Mind the following words and phrases.
1. Сoin, credit, currency, purchasing power, constant store of value, measure, commodity, inflation, transaction, rapidity, pr
Language practice
I. Mind the use of the words: requirements, deposit, check clearing, reserves, assets.
1. Central bank imposes reserverequirements. 2. Commercial banks promise to p
Language practice
I. Mind the use of the words: vary, variable, varied, various, variety, variation.
1. Conditions on that market are stable and do not vary very much from year t
Language Practice
I. Mind the following words and phrase.
Exhibit, exhibition, exposition, exhibitor, exposure, display, attendance, showcase, show, dedicate, agent, examine, hold, merc
Language Practice
I. Mind the following words advertising, advertisement, publicity, public relations, ads, brand, promote, trademark.
1. Advertising means making a product or service known to
Word list
Legal structure – правовая, законодательная структура; objective – цель, задача; to be associated with – быть связанным с, относиться к; profit – прибыль, доход, польза; profit motive – стимул к по
Text study
Organizations in the UK economy can be classified according to their choice of legal structure, the sector in which they operate, and their business objectives.
Two key con
Language practice
I. Match the words their definitions.
a) liability 1) one who shares something with another
b) business 2) a general inclination, direction or
Word list
Profit – прибыль, доход, польза, выгода; turnover – товарооборот, оборачиваемость; market share – доля рынка; expansion – увеличение, рост, развитие; reinvesting – реинвестирование;
Text study
The size of a firm can be measured in different ways. Popular bases are:
– profit;
– t
Word list
Production costs – заводская себестоимость, издержки производства; fixed costs – фиксированные расходы; output – выпуск, объём производства, выработка, производительность; rent – арендная плата; sa
Text study
One important way to classify production costs is to divide them into fixed and variable. Fixed costs do not change as output changes: examples include facto
Word list
Accounting – бухгалтерское дело, учёт, расчёт, начисление; account – счёт, учёт; accountant – бухгалтер, счетовод, учётчик; ledger – бухгалтерская книга, регистрационный журнал; sal
Balance Sheet
Purpose: To show the firm’s financial position.
Contents: Assets (items owned by the firm) and Liabilities (items owed by the firm): capital expenditure.
A
Language practice
IMatch the words to their definitions.
a) Sales Ledger
1) it is the main liquidity ratio
Word list
Human relations – взаимоотношения между членами коллектива; efficient – эффективный, умелый, квалифицированный; workforce – рабочая сила, трудовые ресурсы; recruit – нанимать на раб
Text study
All firms depend for their survival on a contented and efficient workforce: its human resource. A firm’s Personnel function manages its human resources.
I. Match the words to their definitions.
a) staff
1) a formal agreement between two or more parties
b) vacancy
2) one in charge of managing an enterprise or busin
Word list
Marketing function – маркетинговая функция; consumer – потребитель; to promote – продвигать, раскручивать, содействовать продаже; market research – изучение возможностей рынка; fiel
Text study
The marketing function has two key roles to play in a firm.
– It collects and analyses data from the firm’s markets and from its consumers.
– It promotes and suppo
Language practice
I. Match the words to their definitions.
a) market
1) a person who buys services or goods
IV. Answer the following questions
1. How many key roles does the marketing function have? 2. What does collecting and analyzing data involve? 3. How are data collected? 4. What research collects original data exclusively for this r
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