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2. Choose the synonyms from the second and third columns to the words in the first one.

1. to forecast

1. maximum

1. influence

2. impact

2. specimen

2. representative

3. sample

3. to move

3. to suit

4. to yield

4. to predict

4. the highest point

5. peak

5. supply

5. reserves

6. to shift

6. effect

6. to plan in advance

7. stock

7. to supply

7. to change for another or others

8. to match

8. to fit together

8. to give forth

3. Complete the sentences choosing between the verbs in each of the pairs. Mind the correct tense form.

to forecast / to foresee

to shift / to move

to match / to suit

to yield / to supply

1.

__________ soon or we’ll lose the order.

2.

That dress __________ you.

3.

Who will __________ their needs?

4.

The shirt __________ your shoes well.

5.

The shares __________ three per cent.

6.

No detergent can __________ these stains.

7.

He did not __________ that. It was a real surprise, if not magic.

8.

It is possible _________ probable future weather conditions calculated from meteorological data.

4. Pick out the words and word combinations matching the definitions. There is one word too many:

certainty; time-series analysis; planning function; forecasting; variable costs; policies; programmed decisions; sample survey, strategic planning.

1.

Costs that vary with changes in production. For example, as the number of units produced increases, the amount of material used also increases. Thus, the cost of material used to produce a product would be an example of variable costs.

2.

A statistical technique for analyzing the relationship between a specified variable and time.

3.

An important element of the planning function that must make two basic determinations: 1) what level of activity can be expected during the planning period and 2) what level of resources will be available to support the projected activity.

4.

All managerial activities that lead to the definition of objectives and to the determination of appropriate means to achieve those objectives.

5.

Guidelines for managerial action that must be adhered to at all times. (The purpose of … is to achieve consistency and direction and to protect the reputation of the organization).

6.

A condition in which the decision maker knows the outcome of carrying out each alternative under consideration.

7.

Routine and repetitive decisions for which the organization has developed a procedure.

8.

Collection of data from a limited number of units that are assumed to be representative of the entire group.