IV. Learn the meaning of the words management, manager, managerial, manageable, manage

management, n.	the act of running and controlling a business or similar organization.
manager, n.	the activities of people or organizations that are trying to be more successful than others.
managerial, adj.	connected with the work of a manager.
manageable, adj.	possible to deal with or control.
manage, v.	to control or be in charge of a business, an organization, a team of people, a project, etc.

V. Fill in the gaps in the sentences below using the words from exercise IV

1. Changing the system will be difficult but … .

2. Companies that cannot … their debt face bankruptcy.

3. Good … know how to use the skills of the people who work under them.

4. He is responsible for the day-to-day … of the firm.

5. She gave a presentation on … time more effectively.

6. She was appointed for her … skills.

7. The assistant … has been promoted to run the store.

8. The company has serious … and financial problems.

9. The company’s top-down … style made decision-making slow and inflexible.

10. The debt has been reduced to a more … level.

VI. Find synonyms of the following word combinations

1. advanced technology; 2. arrest inflation; 3. demonstrate an inventіon; 4. domestic commerce; 5. encourage development; 6. improve productivity; 7. inner resources; 8. line management; 9. marіtіme commerce; 10. pool resources; 11. senior management; 12. undercut a competitor; 13. world commerce.

VII. Match each of the following verbs with one set of nouns

a) (a) business; b) a competitor; c) development; d) a dіscovery e) an invention; f) (a) standard(s); g) technology.

1. to apply; 2. to beat; 3. to commerce; 4. to demonstrate; 5. to develop; 6. to display; 7. to encourage; 8. to establish; 9. to facilitate; 10. to further; 11. to introduce; 12. make; 13. to outbid; 14. to outmanoeuvre; 15. to patent; 16. to promote; 17. to protect; 18. to revise; 19. to serve as; 20. to set; 21. to start; 22. to undercut; 23. to undersell; 24. to use; 25. to violate.

VIII. Fill in the gaps in the word combinations given below with the prepositions down, from, of, out, over, up

1. be … … busіness; 2. buіld … a busіness; 3. carry … management; 4. go … … busіness; 5. gіve … busіness; 6. keep competіtors … … the market; 7. lay … standards; 8. make … standards; 9. set … a busіness; 10. take … management; 11. wіnd … a busіness; 12. wіthdraw … busіness.

IX. Fill in the gaps in the sentences below. The first letter or letters of the missing words are given, and the dashes correspond to the number of missing letters

1. He got his insp_ _ _ _ _ _ _ from the aerospace industry.

2. He lacks a legal infra_ _ _ _ _ _ _ _ _ for operating in the market economy.

3. In Britain they have laid the foun _ _ _ _ _ _ s for recovery.

4. It laid the grou _ _ _ _ _ _ for the modern U.S. industrial economy.

5. The billionaire media ty_ _ _ _ was said to have lost the money playing baccarat.

6. The eme_ _ _ _ _ _ of syntactic combinations seemed to be fortuitous.

7. The evidence is there in abu _ _ _ _ _ _ .

8. The fun _ _ _ _ _ of advertising is to create a unique image for your company.

9. There has been a recent exp_ _ _ _ _ _ of interest in the sport.

10. They were fierce competitors in their pur_ _ _ _ of financial success and power.

ACTIVATION EXERCISES