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1. This year`s designs are ……… than last year.
2. The industrial revolution began and the middle classes were growing ……...
3. The quality of the clothes is ……….than ever before.
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VI. Read and translate the text. Write down your translation of the second paragraph.
The Business Sector
1. The business sector is where production takes place in the economy. The individual agents making up the business sector are called firms. These are the organizations within which entrepreneurship brings together land, labor and capital for the production of goods or services. Economies, in which firms are generally owned by private individuals, rather than by governments, are called capitalist or private enterprise economies. These include almost all the countries in the world today.
2. A firm may be as small as one individual. A large firm is typically a corporation which is a legal entity in itself, having many of the same rights and privileges under law as does a person. The corporation purchases factors of production and receives payment from buyers of its output. The difference between its sales revenue and its costs of production is its profit or earnings. A corporation purchases capital goods, plant and equipment. The owners of a corporation are called shareholders.
3. A large firm typically has many shareholders, some of which are other firms. Firms which primarily invest in other firms are called financial intermediaries. Shareholders play no direct role in the running of the firm; rather they are represented by a board of directors who are elected by shareholders. Shareholders are not liable, in general, for the debts of the corporation.
3. The corporation managers may not even be shareholders. These managers are appointed by the directors as officers of the corporation who are then legally empowered to conduct its business. A primary responsibility of the directors of a corporation is the hiring and oversight of the officers.
VII. Answer the questions:
1. Where does entrepreneurship bring together land, labor and capital?
2. What does a corporation purchase?
3. Do shareholders play a direct role in the running of the firm?
VIII. Complete the sentences (1- 9) with the words (a-i):
a) paperwork b) costs c) pay d) discount e) employees f) improvement
G) scarcity h) investment i) incomes.
1. Some projects fail because they have unexpected………..
2. Administrative workers do a lot of………., usually in the office.
3. A person in charge of other ……….has a managerial position.
4. People who do voluntary work don`t receive any……...
5. A business tries to get the best return on its……...
6. There is a ………of skilled workers in the building sector.
7. December appeared to show ………in the job market.
8. More help is needed for people on low ………..
9. Sometimes it is possible to negotiate a …………on large orders. Оформите ваши ответы в данной таблице:
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IX. Match (1-9) with (a-i) to make up sentences:
| 1. These days data collection 2. Removing language barriers 3. Over the past few weeks we have seen 4. China and other emerging economic powers are moving 5. It is a time for leadership and international cooperation 6. Education is sometimes 7. Taxes are collected by government 8. Land includes not only territory 9.Every society must provide | a) to set up multilateral institutions b) from households and firms. c) goods and services for the welfare of its citizens. d) referred to as “human capital.” e) but all of the natural resources . f) the currency's big retreat from its historic high g) is virtually automatic. h) which must go hand in hand. i) will lead to increased foreign trade |
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Variant II
I. Choose the correct item.
1. We … a 10% discount until the end of this month.
a) offer b) are offering
2. We … the Japanese trade fair this year.
a) will attend b) will be attending
3. A: What … when you heard the noise?
a) were doing b) did do
B: I … to change a carbon briquette cartridge.
a) was trying b) tried
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Дата: 2019-07-24, просмотров: 374.
