7. A) Complete the following sentences with these words:

achieved, board of directors, communicate, innovations, manageable, performance, resources, setting supervise

1. Managers have to decide how best to allocate the human; physical and capital _____ available to them.

2. Managers logically have to make sure that the jobs and tasks given to their subordinates are _____.

3. There is no point in _____ objectives if you don’t _____ them to your stuff.

4. Managers have to _____ their subordinates, and to measure, and try to improve their ____.

5. Managers have to check whether objectives and targets are being _____.

6. A top manager whose performance is unsatisfactory can be dismissed by the company’s _____.

7. Top managers are responsible for the _____ that will allow a company to adapt to a changing world.

B) Which of the managerial functions can be applied to the sentences above.

8. The exercise contains a number of common verb-noun partnership. Match up these verbs and nouns to make common collocations.

1 allocate	a) decisions
2 communicate	b) information
3 develop	c) jobs
4 make	d) objectives
5 measure	e) people
6 motivate	f) performance
7 perform	g) resources
8 set	h) strategies
9 supervise	i) subordinates

9. Complete column 2 of the table with opposite meanings. Use the prefixes – in-, ir-, un-, il- or dis-. Complete column 3 with the noun forms.

Adjective	Opposite adjective	Noun form
considerable	inconsiderable	consideration
appropriate
changeable
economical
regular
perfect
acceptable
logical
organized
rational
responsible

10. Define to what of the four management functions the following activities may belong to.

negotiating, leadership, tacking the broad, long-term view, involving all parts of an organization in one process, decision making, solving of conflicts, motivating people, analytical abilities, multimedia or technological understanding, team building abilities, interpersonal skills, maintain information links inside and outside of organization, initiate improvement projects, identify new ideas, resolve conflicts, decide who gets recourses, take correct actions during disputes or crises, represent department during negotiations of sales, purchases, budgets, improve and correct a project.

Planning	Organizing	Coordinating	Controlling

Comprehension

11. Answer the following questions on the text:

1. The four basic functions of the management process are referred to as a cycle. What are the four functions, and why are they a cycle?

2. Why are plans vital to business operations?

3. How are plans, goals, and standards related?

4. What element links controlling to planning?

5. Why is communication so important to the directing function of management?

Reading 2

1. Read the text.