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4. Find English equivalents to the following Ukrainian phrases:

Складне випробування, з іншого боку, керування ресурсами, мати справу з іноземними моделями економічного зросту, відносно стандартизований продукт, багатофокусний підхід, мультинаціональна компанія, оцінювати політичну стабільність країни, втрачати внески, націоналізувати компанії, міжнародний менеджмент.

5. Find words in the text that are synonyms to the following:

A contest, a difficult test, to value, a firm, size, to increase, a model, to use, a plan, to hire, constant, a possibility, completely.

6. In statements 1-8 each sentence has four underlined words or phrases, marked (A), (B), (C) and (D). Choose the one word or phrase, which is incorrect and must be changed to make the sentence correct.

1. The economical (A) independence of nations fosters (B) the growth of multinational firms that conduct (C) business on a global scale where markets are more important (D) than political boundaries.

2. The company must (A) concern itself with various aspects (B) of international trade, such as the value of a country's currency relative to other currencys (C) and its balance of payments, as well as extent of controls (D) on imports and exports, on foreign investors.

3. Individuals to be search (A) for careers in the sphere of international management will find (B) a great number of opportunities (C) that are available to (D) them.

4. Managers operating (A) in an international arena deals (B) with a great number of unique challenges growing out of (C) such factors as politics, economics, and cultures (D).

5. Globalization is the strategy that involve (A) the development of relatively (B) standardized (C) products with (D) worldwide appeal.

6. Governments may (A) come (B) and to go (C) or may decide to nationalize (D) companies.

7. Equally important is (A) the multinational company's (B) ability to choose the right strategy and organization applicable to(C) individual companies operational (D) in the international business arena.

8. As the more and the more (A) companies enter (B) the international business arena (C), the number of management opportunities will grow (D).

7. Read the text carefully and decide whether these statements are true or false. Reason it out. Make use of the following phrases:

There are two ways of looking at this / there can’t be two ways about it / it would be a mistake to think/ we have to bear in mind/ what commonly happens is / it’s been my observation that/ I know from personal experience/ my personal view ( understanding, standing) is… / there is no denying the fact that…

1. International management is a very complicated business sphere.

2. One of the less critical factors in the success of a company's international success is its hiring program.

3. Political situation of any country is a very important matter for the international management.

4. Only big and prosperous company can get established in a foreign country.

5. Developed countries tend to be quite unstable from a political and an economic point of view, at the same time less developed countries may be more susceptible to political contest.

6. Individuals searching for careers in the field of international management will find numerous opportunities available to them.

7. National responsiveness is the strategy that allows subsidiaries latitude in adapting products and services to conform to the special needs and political realities of the countries in which they even do not operate.

8. Generally, hiring production workers is not a major problem, companies hire locals to perform the daily work.

9. But unfortunately first-level supervisors and possibly some of the middle managers won't be members of the local community.

10. As more and more companies enter the international business arena, the number of management opportunities will reduce.

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