Text VIII. Ability. Education

Read and translate the text.

Answer the questions on the text below:

What characteristics do qualified people have ?

What is ability?

How can education develop abilities?

Why should companies encourage their employees to get more education?

Ability

How do you know whether someone is capable of doing something? What are the key characteristics you should look for to know whether a person is the right one for the job? History abounds with stories of people who were underestimated. The ledger is balanced by tales of disasters caused by people who were overestimated. There are individuals who never did an honest day’s work before they went out and conquered the enemies of their nations. There are others who became billionaires after being rejected by the ones who knew them best. Ability is not that apparent unless you are willing to look for it.

To recognize ability, keep an open mind because it does not come in a specific package. But qualified people will have most of these characteristics:

They will know who you are.

They will have goals that make sense to you.

They will not consider money in their first comments.

They will ask questions in order to understand the tasks assigned.

They will not require direction after that.

They will complete their jobs properly on schedule.

They will create work.

They will be the same all the time.

They will not make trouble unless it is necessary.

They will be pleasant to all.

Ability means having the talent and energy to perform.

Education

This is an incredibly broad subject. It is something that every company and organization wants to encourage employees to get more of. Strangely enough, many companies make it difficult for this to happen. In order to provide tuition reimbursement, for instance, they require proof that each course taken will relate directly to the individual’s job. I belief that employees have a better chance to develop the education habit if companies help pay for any course, including basket weaving , that people want to take.

Text IX. Profit. Financial control

Read and translate the text.

Answer the questions on the text below:

What is the difference between profit-making and not-for-profit organizations?

Why is profit essential for profit-making organizations?

What is the necessary percentage of profit to make a company successful?

Why is it not a good idea to measure the performance of executives by profit?

What does improper control of the money lead to?

What categories of expenses should be controlled?

What is a simple way to control finances?

Why is it necessary to inform people of the status of finances?

Profit

All organizations need to make a profit. In volunteer or not-for-profit organizations, excess funds are not called profit. In profit-making organizations , profit can by planned by arranging the prices or arranging the expenses and by understanding all the rules and regulation of accounting. A company should make at least 6 or 7 percent after tax if it is to be thought of as a successful profit-making organization. This enables the company to give an adequate return to the shareholders and to set aside money for future development.

Profit by itself is not a really good way to measure the performance of the senior executives because if profit is the primary criterion, they can hold back on other necessary expenses in order to make profits rise. When they leave to go on to more important jоbs, a great deal of maintenance and rebuilding has to be done inside the company.

Sum up the information you have learned from the text.

Give your reasons and examples.