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Unit I. HOW TO ESTABLISH YOUR ENTERPRISE

Ex. 1. Read and remember the words.

To set up, to establish (a company, a firm) – учреждать, устраивать, создавать

(компанию, фирму)

to provide (with) – обеспечивать, снабжать, предоставлять to execute – исполнять, выполнять

to produce (to make) profits – создавать, извлекать прибыли

to manufacture (to produce) – производить, (с)фабриковать, выделывать to launder money – отмывать деньги

a graduate – выпускник, to graduate from (the Academy) – окончить (академию) workforce market – рынок рабочей силы

financial statement – финансовый отчет internship – стажировка

stipulations – реквизиты a notary – нотариус

a body corporate – юридическое лицо

a private individual – индивидуальный предприниматель

Ex. 2. Read and translate the dialogue between Oleg Krasnov, a Russian student, and his American friend, Bob Howard, from English into Russian.

What can they do after the Academy?

Oleg Krasnov: Hello, Bob! I haven’t seen you for ages! You are too busy, aren’t you? How is it going?

Bob Howard: Fine, thanks. I’m really busy, Oleg. I wish my internship here would never come to an end. Though I am bone tired.

Oleg: It’s nice you don’t feel homesick. Did you visit our Academy yesterday?

Bob: Oh, yes, I did. I had a meeting with students of the Commercial Faculty.

Oleg: I am sure you were loaded with their questions about the States and Britain.

Bob: I certainly was. But I found food for reflection as well.

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Oleg: So what caught your mind?

Bob: The students told me about faculties and specialties they can get from the Academy.

Oleg: What’s wrong with them?

Bob: This year the Khabarovsk workforce market is going to be overloaded with young lawyers, travel guides, interpreters, engineers, and others. You see, I have met with graduates at the Far Eastern Academy for Public Service and the Far Eastern State University of Humanities before my visit to your Academy. Are you sure that all of them will find jobs in the future?

Oleg: No doubt. Some of them will work for large commercial enterprises, others will be employed by governmental or municipal organizations, and the most up-and-coming young specialists will set up their own firms.

Bob: By the way, I have a vague idea of the how-to-start-a businessprocess in Russia.

Oleg: Well, I passed through that ordeal a year ago. And now I can tell you about all procedures connected with it.

Bob: Let me take you at your word.

Oleg: OK, be ready to listen to my lecture…

Ex.3. Match the columns and remember the word combinations from the above dialogue.

1.To take smb at smb’s words a. Иметь смутное представление о…

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Ex. 4. Translate the words in the brackets from Russian into English and read the sentences.

1.Bob Howard has ______ (стажировку) in Khabarovsk.

2.He … recently ______ (встретился) with ______ (перспективными) students of the Khabarovsk Higher Schools.

3.These meetings ______ (дали) him food for ______ (размышлений).

4.A number of the future ______ (юристов, туристических гидов, переводчиков) ______ (привлекли) his mind.

5.No ______ (сомнения) that the Khabarovsk workforce ______ (рынок)

______ (будет перегружен) with such specialists in half a year.

6.They will have to pass through the ______ (испытания) when they seek for jobs.

7.Oleg Krasnov ______ (собирается рассказать) Bob how to ______ (создать) a business in Russia.

8.Bob Howard ______ (имеет) ______ (смутное представление) of these procedures.

9.It’s very interesting to learn about all ______ (испытаниях) future businessmen have to ______ (пройти) through.

10.Bob is so busy in Russia, that he doesn’t ______ (скучает по дому) at all.

11.He is looking forward to discussing all ______ (процедуры), connected with

______ (учреждением) a business in Russia, with Oleg.

12.Bob wants to compare forms of business existing in ______ (различных странах).

Ex. 5. Put the paragraphs in the right order, read the text about the Khabarovsk State Academy of Economics and Law, and translate it from English into Russian. Which possibilities do you think can help its graduates to become businessmen?

Training of Qualified Personnel

A.To receive information, change opinions, and publish scientific works there is the scientific and sociopolitical journal at the mature and young prospective scientists’ disposal.

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B.The Academy’s professorial and teaching staff is aiming for training of highly qualified managers able to use their knowledge and skills, develop them, innovate and create. At the Academy of Economics and Law there are all possible conditions provided for scientific-research work of the students and teachers. They can work in such associations like the Students’ Scientific and

Research Centre, the UNO Models in the Russian Far East Club, the Law Clinics, and the Debate Club based at the KSAEL. The students have been winning scores of rewards for last five years for participating in such events as: the All-Russia Open Contest for the best scientific work on natural scientific, technical and humanitarian subjects; the International Conference on the UNO

Models; the International Student Olympiade “Entrepreneurship and Management”; the All-Russia Festival of the Russian Word; the All-Russia Olympiade on the Russian National Economy, and others.

C.The Khabarovsk State Academy of Economics and Law was founded in 1970 as the Institute of National Economy. Since that time this Higher School has been training skilled specialists for all spheres of economy and law: banking, insurance, accounting, audit, statistics, commerce, law, finance, management, foreign economic activity, marketing, tourism, food technology and others.

D.So the KSAEL, one of the most famous and prestigious institutions in the Far East, along with other higher educational establishments, realizes the extremely important task on training and raising skilled certified specialists able to work independently, run their own business, live in our area, and develop the Far Eastern economy. To meet requirements of the society, the Academy works out innovation programs and courses for business. It expands into the students, new specialties and specializations’ number. The scientific and qualified potential of its staffers is increasingly being improved.

E.The Academy is famous for its rich stock of economic, financial, judicial literature and periodicals. The book stock is also added by textbooks, 58 collections of scientific articles, 267 handouts, and 74 monographs written by the research workers. This number is being intensively accumulated and increased.

F.Besides the scientific-research work, the students of the Academy are involved into different clubs and sections. They take part in the amateur concerts, parties, professional events, student theatre and the club of the merry and quickminded. The Academy is also well equipped for the sport activity. Its students

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have an opportunity to exercise at the stadium, gymnasium and courts. They demonstrate high results in different competitions.

G.The Khabarovsk State Academy of Economics and Law participates in the regional training program of the innovation business managers, which is organized in the frames of the Khabarovsk Regional Resources Centre of Managerial Personnel. Its major goals are stated as following:

-to train competent and creative organizers able to work independently;

-to support innovation projects;

-to provide monitoring of the innovation potential and innovation demand of the Khabarovsk krai enterprises.

The trainees learn how to formulate the idea of the future innovation project, value its prospects, work out these projects, determine all necessary managerial steps and decisions, and so on.

H.The scientific-research work of the Academy staffers is devoted to working out the programs to be used in realizing social and economic strategy of the Russian East and its integration among one-whole economic area of the Asiatic Pacific Rim. Among the problems studied by the research workers are:

-regional innovation systems’ development;

-education modernization;

-organization of the education services market monitoring;

-factors increasing the financial and economic stability of the commercial enterprise;

-trends of the insurance market formation;

-the Far Eastern economic development forecasting;

-the financial and credit activity efficiency of the commercial banks;

-growth of the foreign economic activity;

-investment projects elaboration, etc.

Ex. 6. Choose the professional qualities and skills you can obtain when studying at the Academy of Economics and Law. Explain your choice.

Making a presentation of a company, mending some household appliances, fashionable clothes designing, manufacturing computer software, working out a marketing analysis,

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doing shopping,

making contacts with possible partners or customers, organizing advertising actions and events,

writing computer programs, organizing welfare actions and events, holding seminars and conferences,

executing of the company’s financial statement, planning a city expansion,

ill-gotten money laundering, discussing business matters in English,

providing tours abroad and across the country or city, insurance operations,

managing with daily home chores, composing music,

making a contract.

Ex. 7. Answer the questions.

1.What was the previous name of the Khabarovsk State Academy of Economics and Law?

2.When was it founded?

3.What spheres of economy can its graduates work in?

4.What is the aim of the Academy’s professorial and teaching staff?

5.What clubs, centers and contests do its students participate and associate?

6.How do the Academy’s research workers take part in realizing social and economic program of the Far Eastern development?

7.Where can innovation managers be trained?

8.What are major goals of the Khabarovsk Regional Resources Centre of Managerial Personnel?

9.What activities can the students of the Academy do?

10.Where can the scientific-research works of the Academy’s staffers and students be published?

11.How long has the history of the KSAEL been developing?

12.Why does the Academy remain one of the prospective and respectable institutions among the Far Eastern educational area?

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Ex. 8. Speak on the topics.

1.Spheres of economy, where graduates of the KSAEL can work.

2.Enterprises, which graduates from the Law (Commerce, Management, Finance, Accounting, etc) Faculty can establish.

3.Territories in the Far East, where such companies can be more successful and produce profits.

4.Countries, which can interest with cooperation with such companies.

5.Professional qualities, which can be developed when studying at the Academy of Economics and Law, and which can be used in doing your business. Can you collaborate with other graduates?

Ex. 9. Arrange the synonyms in pairs.

Higher School, prospective, to bring up, a trainee, fields of the economy, number of, staff, to develop, growth, a businessman, to take part, a skilled specialist, scientists, to set up a business, major goals, to work on one’s own, accounting, personnel, a firm, quantity of, spheres of the economy, higher educational institution, a contest, to elaborate, research workers, an entrepreneur, increase, to establish a company, main tasks, a manager, to work independently, an efficient expert, to participate, bookkeeping, perspective, to raise, an enterprise, a person who controls a business, a competition, a student.

Ex. 10. Give the English equivalents to the following word combinations.

Компетентные и творческие организаторы, Хабаровский региональный ресурсный центр управленческих кадров, инновационный проект, научноисследовательская работа, оценивать перспективность, юридические клиники, клуб веселых и находчивых, профессорско-педагогический состав, научнопублицистический журнал, мониторинг рынка образовательных услуг, эффективная финансово-кредитная деятельность, отвечать требованиям, работать самостоятельно, обучать и воспитывать, Азиатско-Тихоокеанский регион, предпринимательство и управление, тенденции формирования рынка, единое экономическое пространство, обеспечивать контроль, модели ООН, интеграция в АТР.