2. Choose the correct word to complete the sentences:

1. I’m afraid he’s away _____ business today.

a) with b) on

c) in d) to

2. I’ve applied _____ the position of sales manager.

a) to b) as

c) for d) about

3. Does our insurance _____ cover accidental damage?

a) policy b) politics

c) subsidy d) account

4. With _____ to your letter of 10^th September I would like to place an order for your new travel guide.

a) referring b) reading

c) reference d) reception

5. The new organization consists ______ five divisions.

a) in b) with

c) on d) of

6. Does the design _____ to the new regulations?

a) agree b) conform

c) confirm d) consist

3. Choose the correct words to complete the definitions:

interest company current

capital bookkeeping

1. Recording a financial transaction is _________.

2. The shareholders investment in a company is the share _________.

3. The sum of money paid by a borrower to a lender for the use of lender’s money is the _____ on the loan.

4. A legal organization, formally registered in one of three ways, and having a life independent of its members, is a __________.

5. The assets, including cash, debtors and stocks use in a company’s trading, available at the present moment, are its _____________ assets.

4. Suggest Ukrainian equivalents to the following words and word-combinations and make up sentences of your own:

   • ultimate;

   • real estate;

   • incorporated;

   • credit union;

   • recurrent expenditure;

   • casualty.

5. A) Read and translate the text in a written form:

NATURE AND USE

OF STATISTICS (EXCERPT)

Statistics are numerical statements or facts in any department of inquiry, placed in relation to each other; statistical methods are devices for abbreviating and classifying the statements and making clear the relations. The elementary methods are based on arithmetical processes of an easy but specialized kind; more refined methods, necessary for certain classes of investigation, involve complex mathematical ideas.

Statistical treatment is necessary in a very great variety of cases, some of which may be distinguished as follows.

1. Groups. If a large number of things or persons have something in common, e.g. as members of the same nation, workers in the same occupation, houses in a defined locality, but differ one from the other in respect to some measurable characteristic, e.g. age, amount of wages, rateable value, together they form a statistical group. Groups can be represented by diagrams, tabulated in grades, or described in abbreviated form by averages.

2. Classes. If the characteristics in which the things or persons differ are not measurable, but need separate description, e.g. the number of persons in different districts, or in different occupations in the same industry, or of houses used for different purposes, a statistical table can be made showing in juxtaposition the numbers in various classes and sections according to any scheme of classification, and the relative sizes of the classes can be indicated by percentages.

b) Answer the following questions

1. What is Statistics?

2. What are elementary methods based on?

3. How can groups be represented?

4. What can the relative sizes of the classes be indicated by?