- •Содержание
- •1. Beginner’s Luck
- •2. Chaos Theory
- •3. Interview with an Auditor
- •4. Interview with a Finance Director
- •6. Us Federal Reserve
- •7. Grameen Bank
- •5. Summarizing Complete the gaps with a word from the box to make a summary of the text.
- •8. Interview with a Venture Capitalist
- •9. Risk Management
- •10. Vice, Investment, and the Seven Deadly Sins
- •11. Interview with a Portfolio Manager
- •12. Interview with a Private Equity Investor (pei)
- •13. Financial Forecasting
- •14. Currency Exchange
- •15. Lloyd's Of London - The History Of Insurance
- •Reference list
- •117997, Москва, Стремянный пер., 36.
13. Financial Forecasting
1. Before listening Match the terms with the definitions.
1) qualitative; 2) judgemental; 3) causal; 4) to moderate; 5) an estimate; 6) a strand; 7) to track over; 8) a variable; 9) a census. |
a) too willing to criticize other people’s actions and behavior and say that they are wrong; b) a relationship, link, etc. between two things in which one causes the other; c) relating to how good or bad something is; d) a guess of what the size, value, amount, cost, etc. of something might be; e) a number, amount or situation which can change; f) a part which combines with other parts to form a whole story, subject or situation; g) a count for official purposes, especially one to count the number of people living in a country and to collect information about them; h) to (cause to) become less in size, strength, or force; to reduce something; i) to record the progress or development of something over a period. |
2. ҉ When listening You will hear two MBA students discussing that morning's lecture on types of financial forecasting and their uses. Listen to the conversation and match the halves of the sentence to summarise the points made.
1. Financial forecasting can be categorized… 2. Businesses use qualitative forecasting to… 3. Managers are sometimes reluctant to… 4. A time series monitors a particular strand… 5. Time series forecasts are useful… 6. Causal forecasts examine changes that are… |
A …caused by a change in a particular variable. B…into three main types. C …of a business over a period of time. D …share estimates that are extreme. E …supplement their quantitative forecasting. F …when variables are constant. |
3. After listening Work in groups of three. Each group should choose a type of financial forecasting. ҉ Listen again and make notes on the chosen type of forecasting. Prepare mini presentation (2 min. maximum) on the types and hold a meeting with the students who have chosen the other roles.
14. Currency Exchange
1. ҉ When listening Listen to a dialogue between Rachel, the owner of a small business, and her business account manager. Decide whether these statements are TRUE (T), FALSE (F) or NOT MENTIONED (NM).
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True |
False |
Not Menti-oned |
1. Rachel is the director of a small business. |
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2. Rachel is a retailer. |
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3. Rachel plans to export. |
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4. Rachel is not satisfied with the quality of the domestic materials. |
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5. Foreign correspondents transfer currency worldwide. |
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6. The exchange rate with this kind of payment is low and fixed. |
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7. Currency exchange rates fluctuations can have the effect of over- or undercharging suppliers. |
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8. If Rachel uses the supplier’s currency, she may incur losses. |
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9. Rachel’s foreign partners mostly pay by cheque. |
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10. Clearing cheques with this third party is faster than paying via wire transfer. |
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11. Rachel decides not to use wire transfer. |
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2. ҉ When listening Complete Rachel’s notes and listen to the dialogue again.
1. Wire transfer is fastest and __________________________ way to transfer money.
2. Should use international wires in foreign currency – lower ________________________ and less risk.
3. Know full cost of __________________________ before wire is sent.
4. Sterling wire transfers use ___________________________ rate applicable when wire is received.
5. Another advantage of using foreign currency – could negotiate better price for __________________________ .
6. Many foreign currency cheques can be cleared next _______________ .
7. Need to send cheque with __________________________ slip and foreign cash __________________________ agreement.
8. Send to foreign cheque __________________________ centre.
3. After listening Discuss the following questions.
1. What are the advantages of a wire transfer?
2. What other means of currency exchange do you know?
3. What way would you prefer to pay if you traded with:
a) Great Britain
b) the USA
c) Iraq
d) Kyrgyzstan
e) Lithuania