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Файл:The world of business. Tutorial
.pdf
101
Supplement
Materials for final testing and practicing
102
Unit 1
BUSINESS ORGANIZATIONS
Exercise 1. Translate into Russian.
1. A partnership begins when two or more people agree to operate a
business together. 2. A corporation is a business organization that is treated
by law as if it were an individual person. 3. A business owned and
controlled by one person is a sole proprietorship. 4. The aims of an
organization are normally decided by the board of directors. 5. Shareholders
invest in a corporation in order to make a profit. 6. Sole proprietorships are
the oldest, simplest, and most common of all types of businesses. 7. A
partnership is an agreement in which two or more persons combine their
resources with an aim to make a profit. 8. The partners usually formulate an
agreement called a partnership contract. 9. A corporation can do everything
that a sole proprietorship or a partnership can do. 10. Management in
business coordinates efforts of people to accomplish to business objectives.
Exercise 2. Choose the best answer.
1. We are a leading specialized manufacturing company serving aerospace
and defense ____________.
a) customers
b) competitors
c) managers
2. We design, ____________ and market highly engineered products and
systems.
a) compete
b) produce
c) buy
3. ____________ are the debts and obligations of a company or an
individual.
a) responsibilities
b) shares
c) liabilities
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4. A partnership is a business that is ____________ and controlled by two
or more people.
a) owned
b) bought
c) sold
5. Business organizations set a clear goal which is to make a ___________.
a) loss
b) liability
c) profit
6. A corporation must be ____________ on a stock exchange to trade in
shares.
a) controlled
b) listed
c) operated
7. A sole trader gets all the ____________.
a) stocks
b) incentive
c) income
8. To start a partnership two or more persons ____________ their
resources.
a) combine
b) control
c) increase
9. Both franchiser and franchisee have ____________ out of their franchise.
a) benefit
b) expense
c) securities
10. One of the claimed disadvantages of a sole trader business is that the
owner has ____________.
a) unlimited liability
b) limited liability
c) raised capital.
104
11. One of the advantages of a partnership form of business organization is
that partners have limited ____________.
a) liability
b) capital
c) expenses
12. A public limited company (plc.) is owned by shareholders who can sell
their shares in the ____________.
a) government
b) Stock Exchange
c) corporation
13. Most ____________ organizations are owned and controlled by the
government.
a) franchises
b) non-profit
c) partnership
14. One of the reasons for a business buying a franchise is because it is
cheaper than ____________ a new business venture.
a) selling
b) training
c) setting up
15. Joint ventures between firms in different countries can create new
market ____________.
a) losses
b) opportunities
c) expenses
16. A sole trader is liable for all the ____________ of his/her firm.
a) income
b) debts
c) losses
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17. ____________ limited companies may not offer shares to the public.
set up
run
combine
public
liable for
state
according to
advertising
get
board of
make
sole
terms of agreement
debts
trader
profit
a business
income
resources
limited company
campaign
owned
a company
directors
a) closed
b) private
c) joint-stock
18. Legal ____________ is the characteristic of a non-living entity
regarded by law.
a) business
b) human
c) personality
19. Cooperative is a business organization owned and democratically
operated by a group of individuals for their ____________ benefit.
a) large
b) increase
c) mutual
20. The owners/shareholders enjoy limited liability - the owners are not
____________ the debts of the company.
a) liable for
b) liable to
c) liability for
Exercise 3. Match the words.
106
Exercise 4. Translate into English.
Открыть новое дело / бизнес, неограниченная ответственность,
товарищество, лицензия, акционер, объединить ресурсы, управлять
компанией, совместное предприятие, условия договора, рекламная
кампания, капитал, прибыль, нести ответственность, фондовая биржа,
наращивать капитал, предприниматель, компания с ограниченной
ответственностью, франчайзинг, финансовый, коммерческий,
юридическое лицо, владелец, долги, доход, эффективный, ценные
бумаги, сотрудничать, учредить.
Exercise 5. Translate into English.
1. Акции компании растут или падают в зависимости от успехов
компании. 2. Совет директоров нанимает или увольняет менеджеров
для компании. 3. Собственники компании часто не руководят
корпорацией. 4. Создание корпорации является наиболее сложным и
дорогостоящим путем организации бизнеса. 5. Компании могут быть
коммерческими, некоммерческими и государственными. 6. Часто
главной целью владельцев компании является получение прибыли. 7.
Для образования товарищества партнеры объединяют ресурсы.
8.Частный предприниматель несет неограниченную ответственность
за долги своей компании. 9. Акционеры владеют частью компании. 10.
Франшиза дает право на использование бренда и логотипа другой
компании. 11.Совместное предприятие – форма организации бизнеса,
учрежденное двумя и большим числом юридических лиц. 12.Частное
предпринимательство, как экономическая деятельность, направлена на
систематическое получение прибыли от своего производства. 13.
Открыть свое дело без начального капитала очень сложно, но
возможно. 14. Компания специализируется на предоставлении услуг
населению. 15.Фирма понесла огромные убытки в связи с аварией на
производстве.
107
Unit 2
MANAGEMENT
Exercise 1. Translate into Russian.
1. Purpose of management lays in profit maximization, as it is the
main objective of business activity. 2. We should note that management and
administration are in close interrelation. 3. A manager should do his / her
best to manage the company successfully. 4. The manager sets the
objectives for his subordinates while he is doing his best to accomplish
main goal, which is profit maximization. 5. Management in business
coordinates efforts of people to accomplish to business objectives. 6.
Management comprises planning, organizing, staffing, directing, and
controlling an organization or initiative to accomplish an objective. 7.
Management includes manipulation of human resources, financial
resources, technological resources, and natural resources. 8. The CEO of
the company was a success in accomplishing short-term perspective
objectives. 9. A manager is responsible for strategy development and its
implementation. 10. A manager coordinates his and subordinates’ efforts in
accordance with main objectives of the company.
Exercise 2. Choose the best answer.
1. An individual who works part-time or full-time under a contract of
employment is ____________.
a) an employee
b) manager
c) director
2. ____________ is an employee ranked below another employee
in terms of seniority or office hierarchy.
a) employer
b) subordinate
c) Chief Executive Officer
108
3. Here are ten tips how to ____________ your business successfully.
a) run
b) employ
c) achieve
4. Business ____________ are the stated, measurable targets of how to
achieve business aims.
a) objectives
b) manners
c)operations
5. She refused to take ____________ role in the company, as she was too
ambitious.
a) leading
b) subservient
c) managerial
6. A ____________ is the highest-ranking corporate officer (executive) or
administrator in charge of total management of an organization
a) president
b) departmental manager
c) Chief Executive Officer
7. She has made a great career out of teaching others ____________ and
achieve goals.
a) to set
b) to put
c) to develop
8. ____________ is an employee ranked below another employee in terms
of seniority or office hierarchy.
a) colleague
b) manager
c) subordinate
109
9. Getting Maximum Results with Minimum Efforts is the main
____________ for management.
a) desires
b) interests
c) objectives
10. Although there are different ways to manage employees, all managers
seek to ____________ the goals that are set out by the company in advance.
a) assume
c) arrive
d) achieve
11. Management is something that directs group efforts towards the
attainment (этап, достижение) of certain ____________ goals.
a) predetermined
b) subservient
c) leading
12. Goals may vary from one enterprise to another. For one enterprise it
may be launching of new products and for other it may be profit
____________ by minimizing cost.
a) management
b) maximization
c) making
13. Administration is a decision-making function. Management is
____________ function.
a) an executing b) an selling c) managing
14. The management decisions are ____________ by the values, opinions
and beliefs of the managers.
a) led
b) influenced
c) satisfied
110
15. The success of any management activity is assessed by its
____________ of the predetermined goals or objective.
a) operation
b) control
c) achievement
16. A communication link has to be maintained between managers and their
____________ for effective functioning of an enterprise.
a) subordinates
b) companies
c) directors
17. The goal of an enterprise is maximum ____________ satisfaction by
producing quality goods and at reasonable prices.
a) manager
b) subordinate
c) customer
18. Top management ____________ the objectives and broad policies of
the enterprise.
a) sets
b) runs
c) interact
19. Top Level of Management consists of board of directors, a
____________ or managing director.
a) chief executive officer
b) consumer
c) marketing manager
20. General Manager plans, controls, leads and organizes ____________ of
an entire organization.
a) operation
b) working
c) decision
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