- •What is economics Key Words and Phrases
- •Economic reforms in ukraine
- •Economic reforms in Ukraine
- •Exercises in word study
- •Economic development of great britain
- •Economic development of Great Britain
- •1. Translate into Ukrainian:
- •2. Find English equivalents in the text:
- •3. Fill in the blanks:
- •4. Say whether the following statements are true or false?
- •Management Read and memorize the following words and word combinations:
- •Management
- •Exercises in Word Study
- •Strategic Planning and Tactical Planning
- •Marketing
- •Marketing
- •Exercises in Word Study
- •Finance and their functions
- •What is Finance?
- •Exercises Word Study
- •Accouting
- •Exercises in Word Study
- •Auditing
- •Auditing
- •Exercises in word study:
- •Banking infrastructure in ukraine
- •Banking Infrastructure in Ukraine
- •Market economy
- •Market economy
- •Exercises in word study:
- •National economy
- •National economy
- •Exercises in word study:
- •The budget system of ukraine
- •The budget system of Ukraine
- •Exercises in word study
- •Railways in national economy
- •Railways in national economy
- •Exercise in word study:
- •My future speciality
- •My future speciality
- •1. Economics
- •2. Accounting and Finance
- •3. Banking
- •Exercises in word study
- •Питання для самоконтролю
- •Finances and their functions
- •Exercises Word Study
Exercises in Word Study
Ex.l. Study the following definitions. Make sure you understand them and can reproduce from memory.
Management achievement of organizational objec-
tives through people and other resources
top management managers who develop long-range
plans and interact with the government and the community
middle management managers responsible for developing
detailed plans and procedures to implement plans of top management
supervisory management people directly responsible for details
of assigning workers to specific jobs and evaluating performance
planning the process of setting goals for the or-
ganization and developing strategies to meet them
organizing the process of coordinating the work
effort of employees and assigning work activities to accomplish the company goals
directing guiding and motivating employees to
accomplish organizational objectives
controlling evaluating the organization's perform-
ance to determine whether it is accomplishing its objectives
Ex.2. Study the following additional definitions and translate them into your mother tongue:
decision making process of choosing among alternatives
objective specific result or target to be reached
by a certain time
leadership motivating or causing others to perform
activities designed to achieve specific objectives
great man theory leadership theory emphasizing that only
an exceptional person is capable of playing a prominent leadership role
strategic planning the process of determining the major
objectives of an organization; the adoption of courses of action, and the allocation of resources necessary to achieve those objectives
tactical planning planning focusing on short-term im-
plementation of current activities and the allocation of resources for those activities
Ex.3. Find the following words and phrases in the text. Translate sentences containing them into your mother tongue:
To achieve objectives; to be involved in production; to develop long-range plans; to make decisions; to implement the general plans; to evaluate performance; to put into action; managerial skills; ability; to create a work environment; to be skillful in; to set goals; to encompass decisions; to coordinate the efforts; to issue orders; to accomplish objectives.
Ex.4. Match the words in column one with their synonyms in column two:
objective ability, capacity
to evaluate to implement, to fulfill
skill goal, aim
to accomplish to value, to estimate
decision wages, payment
salary resolution, determination
to manufacture to decide, to resolve
to determine to produce, to make
Ex.5. Fill in the blanks with prepositions and adverbs where necessary:
Strategic Planning and Tactical Planning
Planning can be classified ... the basis ... scope or breadth. Strategic planning can be defined ... the process ... determining the primary objectives ... an organization and adopting courses ... action and allocating resources necessary to achieve those objectives. Strategic plans tend to be both broad and long range; focusing ... those organizational objectives that will have major impact... the organization ... a period ... several years. Strategic planning has a critical impact ... the destiny ... the organization since it provides long-run direction ... managers.
... contrast, tactical planning focuses ... the implementation ... activities specified ... the strategic plans. Tactical planning tends to be shorter-term than strategic planning, and focuses more ... current and near-term activities required to implement overall strategies.... the two types ... planning are different, both must be integrated ... an overall system designed to achieve organizational objectives.
Ex.6. Ask questions to fit these answers:
Managers direct the efforts of others toward the company goal.
2.Top managers devote their time to developing long-range plans for the company.
3. Middle managers may operate a branch of a department store chain.
4. First-line managers have direct and continuing contact with production personnel.
5. Every manager must possess three basic managerial skills,
6. The ability to create a work environment is crucial managerial skill at every level.
7. Conceptual skills involve a manager's ability to «see the picture».
8. Strategic planning has a critical impact on the destiny of the organization since it provides long-run direction for managers.
9. Tactical planning focuses on current and near-term activities, 10. Managers are continually involved with anticipating and preventing
problems.
Ex.7. Define or briefly explain the following key terms:
management
decision making
objective
leadership