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5. Match the columns of the table below. To enrich your vocabulary translate all the words you come across in this exercise.

Market Movements

go down

fall

decline

drop

affect favorably

rise

raise

jump

go up

fluctuate

remain stable

hold firm

equilibrium

decrease

erratic movements

increase

grow

extend

contract

shrink

dwindle

expand

deteriorate

get worse

remain steady

improve

get better

affect adversely

6. Change the words in brackets to complete the sentences below.

1.

Profit could be described as the __________ between the value of the business at the part of a trading period and the value of the business at the end of that period. (differ)

2.

He did not want to make a __________ immediately. (decide)

3.

It is a legal __________ that proper financial records are kept and the basic principle is to record every single transaction. (require)

4.

Generally I do not have difficulty in making __________ . (decide)

5.

We have a team of 15 people who are responsible for making sure that the quality and __________ of the products are as high as possible. (reliable)

6.

I definitely think we should speed up the __________ of Plan A. (implement)

7.

He took part in this __________ . (move)

8.

First of all, we have to __________ who should be in the chair. (decision)

9.

He is the only person here who can __________ the situation properly. (analysis)

10.

We must __________ for the next stage of the project. (planning)

7. Fill in the missing words in the table.

Verb

Personal noun

General noun

Adjective

1

manage

2

analysis

3

organizational

4

decision-maker

5

production

6

competitive

7

logistics

8. In this exercise you’ll find an English passage and its Russian translation. One of the sentences in English version is correct. All the others have mistakes in them. Change the sentences so that they are all correct.

Каждый человек должен регулярно следить за окружающей обстановкой для того, чтобы собирать информацию об происходящих изменениях, воздействии на него этих изменений и о возникающих проблемах. Человек должен быстро реагировать на изменения и добиваться восстановления стабильности. Процесс определения личных и организационных задач, поиск правильных решений относятся к планированию.

Рациональный процесс принятия решений состоит (1) в исследовании ситуации. Это означает собственно выявление проблемы, диагностику причин и идентификацию целей, которые предстоит выполнить. На втором (2) этапе выявляются альтернативные решения, но их пока не оценивают. На третьем (3) этапе сопоставляют между собой существующие альтернативы и выбирают лучшую из них. В результате (4) предстоит внедрить разработанный план, проследить за его внедрением и сделать необходимую корректировку.

Every person have to examine the environment in order to gather information about changes, opportunities and problems arising. His or her responses must be quick and must result in a return to stability. The process of determining the personal or an organizational objectiveness and deciding how to achieve them constitutes planning.

The rational decision-maker process is (1) to investigation the situation. That is to define the problem, to diagnose causes, to identify decision objectives. The third (2) stage is to develop alternatives, but not to evaluate already. The third (3) stage is to evaluation alternatives and to select the good ones of the available. And firstly (4) one should implement his plan, to monitor implementation and make necessary adjustments.