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Sequence of Tenses is not Applied:

  1. if the object clause expresses a general truth:

Students knew that balance of payment includes current account and capital account etc.

Студенты знали, что платежный баланс включает в себя текущий платежный баланс и баланс движения капиталов и т.д.

2. if there is exact time of the action in object clause:

The accountant said that he checked the balance 2 days ago.

Бухгалтер сказал, что проверил баланс 2 дня назад.

3. in the clauses with modal verbs:

The head of the department said she must consult with the lawyer.

Начальник отдела сказала, что она должна проконсультироваться с юристом.

4. in the clause with Subjunctive Mood:

He said that if he had time he would go to that seminar.

Он сказал, что если бы у него было время, он бы пошел на этот семинар.

Exercise 10. Put the right verb form.

  1. Everybody knows that IBM … (be) the giant office-equipment manufacturer.

  2. In 2004 the Board of Directors reported that its annual sales (exceed) $ 80 billion.

  3. Thomas Watson founded IBM in 1914 and he said that he (start) to introduce into life a code of behaviour he (develop) earlier.

  4. He said the individual (modal verb + respect), the customer (modal verb + give) the best possible service, excellence and superiour performance (model verb + pursue).

  5. He demanded these principles (follow) by since the very first days of the IBM.

  6. I think that anyone who (study) the development of IBM (agree) that Thomas Watson’s philosophy (have) more to do with IBM’s success than its technological innovations, marketing skills or financial resources.

  7. Buck Rodgers, present consultant to IBM, said that during past five years IBM (initiate) some innovative programs.

  8. He stressed that the unit of three engineers (create) a new venture for IBM, which (generate) sales of $ 5 billion for IBM since then.

  9. So, everybody agree that introduction of code of behaviour into enterprise life (promote) its success and prosperity.

Unit 11 Franchising.

What world famous brands are in the pictures?

Place the following sentences in the right column.

  1. It is one of the biggest business systems in the world, dealing with public catering.

  2. This franchising company serves people with inexpensive rest and family accommodation for travellers.

  3. The first chain of these enterprises was founded in 1952 in Memphis, Tennessee.

  4. The first enterprise of this type was opened in 1955 in Des Plaines, Illinois.

  5. It was the idea of Ray Kroc who suggested uniting his business of selling Multimixers with restaurant business.

  6. In 1965 a hundred shares costing $ 2,250 that day have multiplied into 3,199,900 shares today worth over $ 14,165,557 on December 31, 2006.

  7. Since 1979 the Happy Meal has been making kids visits much more special.

  8. If in1959 there were only 100 of those enterprises, by the beginning of 21st century their number grew to over 2000.

  9. You can enjoy the rest in it even in Niagara Falls, Ontario.

Vocabulary.

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