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Task II. Match left and right




1.legal action a. ( )
2.bill of exchange b.
3. bankers transfer c.
4. a debtor d.
5. payment of goods e.
6. open account terms f.
7. a creditor g.
8. a single isolated transaction h.
9. transference of money i.
10. unquestionable reputation j.
11. payments in advance k.
12. letter of credit l. ()

Task III. Translate the following sentences with attributive clauses into Russian.

1. Among those whose livelihoods depend upon advertising are all the other employees of commercial mass media, plus printers, clerical and sales staffs, papers manufacturers, and sign painters.

2. Customs duties are levied only on those types of products which are produced in sufficient quantities.

3. The posts that are vacant at the time are those of Personnel Manager, Transport Manager and Deputy Head of Product Development.

4. There is some statistics on the screen including a chart that shows the growth in production for the past five years.

5. Errors in figures regarding the quantity of goods or in methods of payment, delivery, transportation, packing and insurance may cause trouble that will make it impossible to conduct the right and regular business.

Task IV. Give English equivalents for the following Russian words and phrases:

; (); ; ; ; ; ; ; ; (); ; ; ; ; ().

Task V. Translate into English.

- ?

- .

Task VI. Translate into Russian.

Being a Businessman

Not everyone is ready to be a businessman. It takes a special talent. Studies have shown that successful managers share certain characteristics including an overpowering need to achieve. Managers tend to be more creative and innovative than the average person. They are self-confident and not easily defeated. They are risk-takers. They welcome responsibility and more willing and able to make decisions. They are also able to learn from their mistakes. Successful managers, I am sure, possess an optimistic and cooperative outlook, and usually get along well with people. They have well developed oral and written communication skills. Moreover, they are patient and able to wait out. They are often called workaholics. They will continue to work despite headaches or other aches which might keep others away from the job.

3

Task I. Read the text What is Economics to answer the following questions in writing:

1. What is the difference between economics and such disciplines as history, mathematics, English and chemistry?

2. What is used extensively in economics?

3. What similarities does economics have to chemistry?

4. Is economics the science of making choices?

5. What is the common element in all choices?

6. What does economics study?

Text

WHAT IS ECONOMICS

Unlike history, mathematics, English and chemistry, economics is a subject that most students encounter only briefly before they begin college. Economics is a basic discipline, not an applied subject like accounting or drafting in which specific skills are taught.

Economics has some similarities to mathematics because logical reasoning and mathematical tools are used in it extensively. It also has some similarities to history because economics studies people as they interact in social groups.

Like chemistry, economics employs the scientific method, although some of economics has a descriptive rather than an analytical flavour. Finally, like English grammar, economics has a few simple rules and principles, but from these principles economics can derive many conclusions.

Economics is the science of making choices. Individuals must decide whether to study another hour or to go for a walk, whether to buy a six-pack of Pepsi or a 0,5 gallon of milk at the grocery, whether to choose fire fighting or teaching as an occupation and whether to play golf or to watch television for an afternoon of recreation. As a group, people must also choose through their governments whether to build a dam or to repair highways with their taxes, whether to invest money to business or to expand national parks.

The common element in all these decisions is that every choice involves a cost.

In fact, economics is the study of the choice that people make and the actions that they take in order to make the best use of scarce resources in meeting their wants.

Task II. Choose the right word:

 

1. Economics is a... discipline. a) basic; b) natural; c) social.
2.... is an applied subject. a) history; b) accounting; c) economics.
3. Mathematical tools are used in economics... a) briefly; b) extensively; c) finally.
4. Like English grammar economics has a few... and principles. a) rules; b) graphs; c) lines.  
5. Every choice involves... a) investment; b) cost; c) time.




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