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IV. Complete the sentences (1- 10) with the words (a-l). There are two extra words:

a. enterprise

b. activity

c. wary

d. economic-development

e. success

f. prescribed

g. affected

h. seek

i. protect

j. undertakes

k. entrepreneurs

l. shares

1. Local banks and credit union are often ........... of loaning money to any local businesses without full collateral.

2. There are thousands of local-investment pools around the country, most of them linked with local ........... programs.

3. By buying .......... and becoming part-owners of a business, local people can become supporters, volunteers and advocates for the business.

4. If an ......... is working for the good of your local area, investment from local people can be invaluable.

5. Entrepreneurs serve as the spark plug in the economy's engine, activating and stimulating all economic .......... .

6. The economic .......... of nations worldwide is the result of encouraging and rewarding the entrepreneurial instinct.

7. The most dynamic societies in the world are the ones that have the most entrepreneurs, plus the economic and legal structure to encourage and motivate ........... to greater activities.

8. It is the entrepreneur who ........... the risk of the enterprise in search of profit and who seeks opportunities to profit by satisfying as yet unsatisfied needs.

9. Franchising is the practice of the right to use a firm's business model and brand for a ........... period of time.

10. It is an employer's duty to .......... the health, safety and welfare of their employees and other people who might be affected by their business.

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2

3

4

5

6

7

8

9

10

V. Match (1-10) with (a-j) to make up sentences:

1. Community shares are a way for

2. Community shares can be used

3. Entrepreneurs occupy a central position

4. A society is prosperous only to the degree to which it rewards and encourages

5. Some economists view entrepreneurship as a small part of

6. The franchisee is said to have a greater incentive

7. Under the law employers are responsible

8. Employers must consult employees

9. The rise in self-employment is likely

10. The managers were shadowed

a) in a market economy.

b) community groups to raise money.

c) to support many different types of business, like saving a local pub or setting up a renewable energy project.

d) economic activity.

e) entrepreneurial activity.

f) by trainees in the bank’s development programme.

g) than a direct employee because they have a direct stake in the business.

h) on health and safety issues.

i) for health and safety management.

j) to increase the flexibility of earnings.

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2

3

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9

10