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Grammar exercises

X. Translate the sentences. Practise the use of ing-forms (§18).

1. Proper organization of a company’s accounting system plays an important role in maintaining the fundamental accounting equation in balance. 2. Taking into account the high rate of inflation in the country, potential investors are interested in putting their money in developing countries. 3. Recognizing the importance of goodwill, businessmen know that its value can change over time. 4. A company’s original trademark can be helpful in promoting products, thus increasing the company’s network. 5. They are specializing in producing small-size farm machines. 6. They are competing with other leading producers in the world market. 7. The converting of current assets into cash is known to be done within one year according to accounting principles. 8. Registering copyright according to the existing laws guarantees the author the exclusive privilege to distribute his work.

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VIII. Supply the correct forms of the verbs (§11). Translate the sentences.

1. Economists (to be) more interested in the cost aspect of the input-output relationship. 2. The cost of manufacturing products (to include) costs of raw materials. 3. Financial capital that (to use) in a business in future may belong to the business itself. 4. Economists (to be) interested in achievement the least costly technology of producing output. 5. During Great American Depression the rate of inflation (to be) in the headline. 6. In most of European countries prices (to rise) year after year for last 50 years. 7. Workers (to pay) when they (to work) in the same place for several years. 8. Young people (to protect) from exploitation in developed countries.

At leisure

1. Read the article without a dictionary, try to retell it. Word origin paper: from the papyrus plant

From the French word papier which, in turn, came from the Latin papyrus, a plant native to Egypt and the surrounding countries. Its pith and stem were cut in strips, soaked in water, and pressed and pasted into sheets of writing material. Paper, as we know it, came from China and was introduced into Europe about the fourth century after Christ.

2. Read and translate the proverbs, think of Russian equivalents, give a situation using them.

  • The early bird catches the worm.

  • Tastes differ.

3. A glimpse of Great Britain British Christmas

Great traditions don’t just come from nowhere. For example, why is Christmas in Britain celebrated differently from Christmas in Russia? Why do some countries have Christmas trees and some don’t?

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It is hard to believe but only two hundred years ago British Christmas was totally different from Christmas we know today. There were no Christmas trees, Christmas pudding or Christmas turkey, or even Christmas presents!

It was only when Queen Victoria and her German husband Prince Albert became the rulers of the British Empire that the British started celebrating what we know as ‘traditional’ British Christmas.