Professional Documents
Culture Documents
Engleza PT Economisti
Engleza PT Economisti
Unit I
Accounting (1)
Whereas the French accounting was initially geared to administrative and
fiscal requirements, Anglo-Saxon accounting, especially in the U.S., aims
mainly at informing shareholders and investors about the economic situation
of the firm.
Another difference is that there does not exit in Britain or the U.S. a detailed
accounting plan similar to the French one. This, however, should not be
constructed as evidence that the Anglo-Saxon accounting is less precise and
strict than French accounting itself.
The prevailing norms and rules edicted by official bodies or the profession
(Institute of Chartered Accountants in Britain; American Institute of
certified Public Accountants in the U.S.) are quite as stringent, and the
practice of auditors quite as formal and reliable.
All accounts and financial statements should be presented in conformity with
Generally Accepted Accounting Principles (GAAP), which are as follows.
Prudence (pruden):
Caution and circumspection, so that there should not be any extrapolation, or
over or under estimation of results.
In particular, only profits realized at the date of financial statements should be
included, and losses which have arisen, or are likely to arise in respect of the
financial year concerned, should be mentioned.
Charges and revenues must be correctly matched with the accounting periods
to which they belong.
Vocabulary Practice II
accounts
payable
(receivable)
accrued
dividends
conturi de
pli
(de ncasat)
dividente
acumulate
intangibles
active
necorporale
inventory
a)stocuri;
b)inventar.
accrued
interest
act as
principal (to)
advanced
payment
balance sheet
bearer
security
break-even
point
call loan
dobnd
intermediar
acumulat
a aciona pe
cont propriu
plat
anticipat
bilan
titlu la
purttor
prag de
rentabilitate
mprumut
rambursabil
la cerere
pre de
rscumprare
capital gains impozit de
plus valoare
tax
taxe;
collection
recuperare;
charges
ncasare
mprumut
call loan
rambursabil
la cerere
common stock aciune
ordinar
CPA(Certified
expert
Public
contabil
Accountant)
(US)
current assets active
circulante;
active curente
data
due date
scadenei
equity capital active reale;
resurse
proprii
a fi scadent;
fall due
a ajunge la
scaden
call price
irredeemable Nerambursabil
pre de
emisiune
registru
contabil
pasiv; datorii
drept de
sechestru
a fuziona
issue price
ledger
liabilities
lien
merge (to)
candidat
propus;
persoan
propus
Fond de
rulment
scurgere de
capital
cheltuieli
generale
nominee
operating
capital
outflow
overheads
pltit n
avans
prepaid
receivables
creane
redeemable
rambursabil
seed money
capital iniial
statement
declaraie
venture
ntreprindere
societate
Test
1. The generally accepted method of valuation of the is cost of market.
a) repertory
b) inventory
c) joint-stock
d) warehouse
2. Mining and oil companies set up reserves to compensate for the natural
wealth the company no longer owns.
a) depression
b) repletion
c) depletion
d) completion
3. As it would not be reasonable to charge off the full expenditure in the
present year, the cost incurred will gradually over the next few years.
a) written
b) written in
c) written away
d) written off
4. Bondholders have a claim or before other creditors on such assets as may
be sold.
a) lien
b) link
c) proceed
d) slip
5. A stock is said to have high leverage if the company that issued it has a
large proportion of outstanding in relation to the amount of common stock.
a) ordinary shares
b) bonds and preferred stock
c)fixed assets
d) blue chips
6. The decline in useful value of a fixed asset due to wear and tear from use
and passage of time is called
a) dereliction
b) disparagement
c) redemption
d) depreciation
7. Common stock is a synonym for
a) ordinary shares
b) government bonds
c) bearer shares
d) inventories on hand
8. The first item on the liability side of a balance sheet is usually
a) immediate liabilities
b) current liabilities
c) current debts
d) direct liabilities
9. The point at which volume of sales or production enables an enterprise to
cover related costs and expenses without profit and without losses is the
a) breakdown point
b) dead-end
c) breakaway point
d) break-even point
10. The part of authorized capital already contributed by the companys
shareholders constitutes the
a) paid up capital
b) called up capital
c) issued capital
d) registered capital
11. This entry should have been transferred from the day book to the.
a) directory
b) wager
c) ledger
d) badger
12. Many firms draw up a at the end of each month with a view to testing
the accuracy of their accounting.
a) control balance
b) controlling balance
c) trial balance
d) checking balance
13. C.P.C. stands for
a) Certified Public Accountant (US)
b) Certified Public Accountant (GB)
c) Controller of Programs Achievements
d) Costs Programming and Accounting
14. Accrued interest means
a) the interest is earned since last settlement date but not yet due or
payable
b) additional interest
c) increased interest
d) an additional interest yielded by external sources to be paid separately
Key to the test:
1.b; 2.c; 3.d; 4.a; 5.b; 6.d; 7.a; 8.b; 9.d; 10.a; 11.c; 12.c; 13a;14.a.
Key sentences . Read and translate:
1. We draw up each invoice in triplicate.
2. It would be worth your while to have your tax-return drawn-up by a tax
consultant (adviser).
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Accounting (2)
Regulating acts and bodies
Great Britain
* The Companies Acts of 1948 and 1985
* The Inland Revenue (fiscul)
* The Securities and Investments Board (S.I.B.)
* The profession: The Institute of Chartered Accountants (I.C.A.)
* The Financial Standards Board (F.S.B.) that issues statement of Standard
Accounting Practice (SSAP)
United States
* Federal and State Corporate Laws
* The Internal Revenue Service (IRS) (fiscul)
* The Securities and Exchange Commission (SEC)
* The profession: The American Institute of Certified Public Accountants
(AICPA)
* The financial Accounting Standards Board (FASB) that issues statements
of Financial Accounting Standards (SFAS)
** An international committee representing the profession, the IASC
(International Accounting Standards Committee) issues recommendations
with a view to homogenizing international practices.
Focus on grammar
The Use of Articles in English
The Definite Article the
It is always used before a noun;
It has the same form for the masculine or feminine, singular or plural;
Use: 1. to refer to nouns that have already been mentioned:
We visited a company in the UK. The company was based in Bath.
2. when it is obvious what particular thing is being referred to:
The suggestions she made in her report were highly relevant.
3. to refer to organizations:
The police; the army; the Fire Brigade.
4. to refer to unique organizations:
The European Union; The World Bank; The Stock Exchange; The
British Council.
5. with abbreviations that have to be pronounced as single letters: The
BBC; The EU.
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The in geography:
- chain of mountains e.g. the Carpathians; the Alps ( but not peaks, e.g Mount
Everest);
- hills
e.g. the Kentish Hills;
- gorges
e.g. the Bicaz Gorges;
- canyons e.g. the Grand canyon;
- plains
e.g. the Great Plains;
- valleys
e.g. the Sun Valley;
- rivers (but not lakes) e.g.. the Danube; the Mississippi; Lake Michigan;
- seas and oceans e.g. the Black Sea; the Atlantic Ocean;
- channels ( canals for those created by man)
e.g. the English Channel; the Suez Canal; the Panama Canal;
- bays e.g. the Bay of Biscay (but not harbours; e.g. New York Harbour);
- islands (only in the plural) e.g. the Hebrides;
- deserts e.g. the Sahara;
** The is not used before:
- continents e.g. Europe, Australia;
- countries and states e.g. Romania, Canada, France;
- counties e.g. Transylvania, Moldavia;
- cities e.g. Bucharest, Rome, Paris;
Exceptions: the Argentina; the Congo; the Sudan; the United States; the
Hague
The in different other situations:
- before some proper nouns showing:
* a family: e.g. The are our new neighbours.
* a ship: e.g. The Queen Mary was an old ship.
* a newspaper: e.g. The Times was his favourite newspaper
* an important building e.g. the British Museum; the Intercontinental Hotel
- before a unique noun: the Earth, the Moon, the public
- before a noun showing an idea:
e.g. the good; the beautiful;
The indefinite article: A /An
Use :
1. before a singular noun which is countable;
Example: I need a visa.
2. when the noun is mentioned for the first time;
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by sea - pe mare;
year after year - an dup an;
by train - cu trenul;
by coach - cu diligena; cu autocarul;
by car - cu maina;
by boat - cu barca;
by plane - cu avionul;
by post - prin pot;
by name - pe nume;
by sight - din vedere.
but:
at the table = (aezat) lng mas;
to the school = (mergnd) spre coal;
to the market = (mergnd) spre pia;
on the bed = pe pat.
Exercise 1. Read and translate the following sentences paying attention to the
article used in the underlined phrases:
1. We were picnicking when all of a sudden big drops of rain began to fall
down. 2. The news of her marriage did create a stir. 3. He took a fancy to my
child; Im afraid hell spoil her. 4. He takes a pride in his sons success. 5.
Dont be so depressed, Ill put in a good word for you. 6. Its a pity you
couldnt attend the performance. 7. Their success was in a great measure/to a
great extent the result of perseverance. 8. A drowning man catching at a
straw is an expression meaning the same thing both in Romanian and in
English. 9. I couldnt sleep a wink all night. 10. She wont tell a soul about it.
11. We dont give a damn on what he says. 12. She went to them for help, but
they refused to lift a finger.13. Why is she alone? Because she doesnt know a
single person in this town. 14. Shes singing all the time. I think she doesnt
have a care in the world.
Exercise 2. Fill in the blanks with the indefinite article:
1. This child was great comfort to her in her misfortune. 2. Our leader has
strong will. 3. A coward is known to have weak will. 4. It is .great
hardship to spend a night in the open.5. She seldom catches cold, but when she
catches it, it is bad cold. 6. It was unexpected stroke of good luck. 7. We
have never enjoyed such spell of fine weather. 8. The man had suspicion
that the servant was unfaithful. 9. That was unbearable illness. 10. We
didnt expect him to put in appearance at the time. 11. It is pretty sight
to see children playing.
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3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
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take a walk, to have a good time, to take a seat, in time, to make friends, to
shake hands, to take part, to take place:
1. M-a poftit s intru i s iau loc.
2. La terminarea partidei, adversarii i-au dat mna.
3. A vrea s fac o plimbare prin parc.
4. n cele din urm a recunoscut c am dreptate.
5. Unde a avut loc accidentul?
6. Ai ajuns la timp la gar?
7. Ar trebui s-i lai copiii s se joace mai des n aer liber.
8. Ne-am distrat cu toii asear la petrecere.
9. Henry n-a putut participa la ntrunirea noastr de sptmna trecut
din cauz c a fost bolnav.
10. Dac i-ai fi dat osteaneala s citeti anunul, ai fi aflat c s-a amnat
conferina.
11. John este un biat timid i nu se mprietenete prea uor.
12. Pe de o parte mi vine greu s nu i spun adevrul, pe de alt parte na vrea s te jignesc.
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UNIT II
Market economy and business cycle
A market economy is based on private ownership in contrast to planned
economy where state ownership prevails. In a free market economy efficiency
is the key word, while on the other hand command economy most likely leads
to inefficiency. In a free market economy inefficient businesses go bankrupt,
whereas in a command economy businesses are subsidized, thus allowing
them to survive in spite of their non-satisfactory economic performance. This
enables the latter type of economy to resort to overstaffing, that is employing
more personnel than actually required. Market economy leads to high quality
of goods and services, while on the other hand planned economy will not
focus on offering high quality of goods and services to customers. This is due
to the fact that in the latter type of economy there is actually no competition,
as there are state monopolies and therefore the options of customers are
severely restricted. On the other hand in market economy companies freely
compete for a larger market share, and are thus forced to be efficient and
employ staff according to real necessities and manage their resources with
utmost care.
A business cycle, also called a trade cycle is the fluctuating movement of a
countrys economy. So if at the moment production has reached a peak,
employment rates, wages and salaries are high, this stage of the cycle is called
a boom. Sooner or later, sales of goods will decline, and so will output, as well
as the rate of employment. This means a recession has set in. If the decline
becomes very severe, the demand for goods reaches a minimum,
unemployment rises dramatically, while output is falling, the cycle has
reached the moment of depression, also called a slump. This does not happen
very often, as economies do not always reach the minimum level before
starting up again. Depressions are usually accompanied by a general fall in the
level of prices, a phenomenon termed deflation.
When the increase in output and demand for commodities has started and
unemployment goes down, we say we have reached the point in the cycle
called recovery.
Vocabulary Practice
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longer (than)
the longest
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large
clean
small
etc.
big
fat
thin
hot
larger
cleaner
smaller
bigger (than)
fatter
thinner
hotter
the largest
the cleanest
the smallest
the biggest
the fattest
the thinnest
the hottest
funny
happy
easy
etc.
good
bad
better (than)
worse
the best
the worst
B. Long adjectives
The positive The comparative The superlative
Beautiful
more beautiful (than) the most beautiful
Important more important
the most important
Interesting more interesting
the most interesting
Comfortable morecomfortable
the most comfortable
etc.
The comparative of equality: asas
i.e. John is as tall as his brother.
She is as beautiful as her mother.
The comparative of inferiority: less
e.g. John is less tall than his father.
The film is less interesting than the novel.
Antonyms:
Good / bad;
Tall / short;
Fat / thin;
Long / short;
Large / small/little;
clean / dirty
cheap / expensive;
sweet / bitter;
fast / slow;
thick / thin;
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Wide / narrow;
Cold / hot;
Happy / unhappy;
Full / empty;
Beautiful / ugly;
Clever / stupid;
High / low;
merry / sad;
eays / difficult;
dark / bright;
heavy / light;
kind / unkind, rude;
hard / soft ;
etc.
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unrestrictive
un-compulsory
unobtainable
unreal
impassive
incorrigible
illegal
irregular
Exercise 6. Form sentences with the compound adjectives in the list below:
Model:
A short-skirted girl means a girl who wears short skirts.
A paper-backed book means a book that has soft paper covers.
An ill-tempered man is a man who gets angry easily.
a fair-haired girl
a fishy-eyed man
a broad-shouldered man an empty-headed girl
a red-headed child
a lion-hearted person
a bald-headed person
a sharp-eyed person
a three-cornered house a wooden-headed chap
a many-coloured vase a quick-minded child
a cloth-covered table
a dark-skinned person
a stony-headed master a straight-haired child
a narrow-minded partner an open-minded teacher
Exercise 7. Fill in the blanks with much and many according to meaning:
I havent got luggage. 2. Two or three friends doesnt mean friends. 3.
He gave her advice but little help. 4. This child hasnt got energy. 5.
Does she know French? 6. Has she received letters? 7. Is there traffic
in your district? 8. Although a beginner, she hasnt made mistakes in her
work. 9. Are there forms in your classroom? 10. Do you get helpful
suggestion from your brother?
Exercise 8
I. Fill in the gaps with the correct form of the adjectives in brackets, as in the
example.
1.My house is bigger (big) than yours.
2.Peter is not as (tall) as Sally.
3.Los Angeles is (polluted) than Vancouver.
4.That was the (bad) meal Ive ever eaten.
5.Our house is less (modern) than yours.
6.Celine Dion is very (famous).
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Unit III
Types of companies and company structure
Businesses are organized in different ways. When there is only one owner, the
company is called a sole trader. If two or more people associate to form a
company they make up a partnership. In both sole trader organizations and
partnerships the owners supply the capital and as a rule they assume the
management of the organization. In partnerships only the active partners take
part in the management of the company, whereas the sleeping partners do not.
Both forms of the business organizations discussed above have no legal
obligation to make periodic statements of accounts available to the public. The
owners in both types of companies under consideration have unlimited
liability, that means they are liable to the full extent of their assets for the
debts of the company. It is the owners who are entitled to take possession of
all the profits the company makes and all losses are borne by them.
On the other hand there are limited liability companies. Such types of
companies are either private or public. The former type involves that the
public has not access to company, the shares are sold to a restricted number of
people. Shares are the parts into which the assets of a company are divided.
The owners of the company are shareholders and they hold shares in
proportion with the capital they invested in the company. Thus there are
minority shareholders and majority shareholders. Public, limited companies
(abbreviated plc) are accessible to the public, as they are as a rule quoted on
the stock exchange. The management of limited liability companies is
entrusted to a board of directors elected by the shareholders in the Annual
General Meeting (abbreviated AGM). The shareholders are entitled to the
profit made by the company and therefore receive dividends. As for losses,
they are borne by the shareholders, but only to the extent of the amount
invested in the business, as this is the meaning of limited liability. The
shareholders have the right to receive the annual financial statements of the
company, accompanied by an independently- audited report.
The capital of the company consists of shareholders capital (equity capital) as
well as of capital obtained from long- term loans, from banks or other
financial institutions. Companies having a high proportion of loan capital are
said to be highly geared. On the other hand, if loan capital represents a low
proportion in the capital of business, this is said to be lowly geared.
Companies are organized in a hierarchical or pyramidal structure. The
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Chief Executive Officer (CEO). In America always the boss. That is why the
chairman is often also the CEO. In theory, he is held in check by the boards
non-executive directors. In practice, many of these are CEOs of other
companies and many also be friends of the chairman, so they are loathe (a
detesta, a nu fi dispus s) to upset the applecart.
Chief Operating Officer (COO). This is also used mostly in America, where
the COO (often the president) runs the company on a day to day basis
reports to the CEO. COO is a person who is employed to manage the daily
affairs of a company, usually under the authority of a CEO.
Some big British Companies have recently begun adopting the title.
Managing director is the member of a companys board of directors who is
responsible for running the business on a daily basis. In Japan there is either
the managing director with usual responsibilities (CEO).
Some Japanese firms have several managing directors.
Abbreviations
Bros. = brothers; often indicates a partnership;
Ltd = follows the name of the firm in case of a Private Limited Company
(UK)
P.L.C., plc = Public Limited Company (UK);
Inc. = incorporated. Follows the name of a US business corporation;
M.A = Memorandum of Association
A.A. = Articles of Association
A.G.M.= Annual General Meeting
C.E.O. = Chief Executive Officer
C.O.O. = Chief Operating Officer
C.L.O. = Chief legal Officer
C.F.O. = Chief Financial Officer
Key sentences (read and learn).
1. This matter will have to be put on the agenda of our next meeting.
2. The minutes the General Secretary has read to us do not mention that
incident.
3. The Articles of Association (US by-laws) list the internal regulations.
4. In Great Britain, two documents must be drawn up so that a joint stock
company may be set up: the Memorandum of Association and the Articles of
Association.
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5. For their financing, Public Companies may appeal to the public which is
invited to apply for their shares and bonds.
6. In a Private company, on the contrary, the companys securities can only be
exchanged with the consent of the directors.
7. In his address, the Chairman of the Board (Board Chairman) has
emphasized the outstanding results of the new subsidiary.
8. Indeed, few shareholders attended the annual meeting, but all had been sent
copies of the balance sheet.
9. Mr. Jones has just been appointed to the Board of Directors.
10. Let me introduce Mr. Dunn, our Chairman and Managing Director.
11. The holders of convertible bonds may have them converted into shares.
12. A merger with a Belgian group is being contemplated.
13. What are the registered office and the style of this company?
14. The Board of Directors contemplates an increase in (of) capital.
15. The meeting which was due to take place next Tuesday (scheduled for
next Tuesday) has been postponed until 14 May.
16. Numerous small and medium-sized firms are on the verge of bankruptcy.
17. What is the amount of Directors fees?
18. Have you read the minutes of the meeting (proceedings)?
19. We are assisted by a tax consultant (adviser) who draws up our tax returns.
20. Their turnover is 5% down on last year.
21. He started his enterprise with $ x in seed money.
22. We wish to inform you that owing Mr. Taylors resignation, the meeting
of the Board of Directors is put off to Monday 27th April.
23. A failing company cannot be wound up until all its assets have been
liquidated.
24. Mr. Smith resigned his Board chairmanship because the shareholders
challenged his policy.
25. In a general partnership, the partners are jointly and severally liable for the
debts of the firm.
26. The style of the company has been modified.
27. Members of the Board who cannot attend the extraordinary meeting on
June are requested to send proxies.
28. The results of the trading year/ financial year are disappointing.
29. He has been on the Board for two years and has just been re-elected at the
Annual General Meeting.
30. The creditors have asked the receiver to put the company back on its feet
as quickly as possible.
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Vocabulary test
Find the correct word:
1. The use of the word should be restricted to non-profit making
organizations.
a) partnership;
b) concern;
c) society;
d) corporation.
2. Stockholder is a synonym for
a) shareholder;
b) stockbroker;
c) bondholder;
d) sleeping partner.
3. Corporate tax is levied on
a) private persons;
b) companies;
c) personal property;
d) professional organizations.
4. The abbreviation Inc. , which follows the name of U.S. corporations,
stands for
a) included;
b) inclusive;
c) incorporated;
d) incapacitated.
5. Limited partners are liable.
a) only to the extent of the sum they have invested;
b) for the whole of the debts of the firm;
c) for the full extent of their real property;
d) only to the extent of the value of their bonds.
6. Most statutes require an annual meeting of shareholders to be
a) laid out;
b) held;
c) calling;
d) pointed out.
7. A Private Company is not allowed to appeal. the public for the
subscription of its shares.
a) for;
b) to;
c) towards;
d) into.
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Interrogative Negative
Is there?
There isnt
Are there?
There arent
Models: 1. There is a desk in the corner of the room. 2. There are many cars
in this parking area. 3. There is a dictionary on the table. 4. There are many
people in the corner shop.5. There are a lot of roses in this garden. 6. Is there
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a pen on the desk? 7. Are there a lot of paintings on the wall? 8. Are there
many students in the classroom? 9. There arent many desks in this office.
b) Possessive adjectives and possessive pronouns:
(I)
my
mine
(you)
your
yours
(he)
his
his
(she)
her
hers
(it)
its
its
(we)
our
ours
(they)
their
theirs
Read the sentences below and pay attention to the use of the possessive
adjectives and pronouns:
1. This is my car. It is mine. 2. That purse is yours, Mrs. White, isnt it? Yes, it
is. It is not hers.3. They have two children: a son and a daughter, havent they?
Yes, they have. Those are their balls. His is brown, and hers is red. 4. Our
office is large, theirs is small. 5. Her dress I new, mine is old. 6. This dog is
very nice. Its fur is like a brown velvet. 7. My neighbours are very rude, yours
are so kind! 8. Where is your watch? Mine is on my desk.
c) The plural of nouns:
- general rule: singular + -s = plural
e.g.
book - books
car
- cars
doll
- dolls
tree
- trees
horse - horses
etc.
1) nouns ending in tch, -sh, - ss, -s, -x, add es for the plural
watch watches
bush - bushes
dress - dresses
bus - buses
box - boxes
etc.
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1. When we say that the trees are in full leaf, we mean that they are covered
with . 2. This library is useful. I think all are useful. 3. One
half is not enough; give him both .. 4. Will a tomato do, mother? No,
bring me more potatoes and more 5. May I have a penknife, father?
All the boys have wonderful . 6. His story is more credible than your
Exercise 3. Use the nouns in the brackets in the singular or in the plural
according to the meaning:
1. She longs for the bracing (air) of the mountain village. She is too
intelligent to put on (air). 2. What is the (good) of staying so late? The ordered
(good) have not been delivered yet. 3. So much (sand) makes driving difficult;
I suppose the wind has blown it from the (sand). 4. Look at this manuscript;
the (writing) shows an extremely delicate nature. Yes, and the authors
(writing) show the same thing too. 5. The demonstration was a fine
(spectacle). Where have you put my (spectacle)? 6. Shall I put the
(content) at the beginning or at the end of the book? I appreciate the
substantial (content) of your paper.7. As soon as you get through the (custom)
youll find yourself in a country with the original and interesting (custom). 8.
She is full of (grace). She has never been in his (grace). 9. The (pain) in his
leg hindered his progress. She took great (pain) in doing this job.
Exercise 4. Give collective nouns to the following word-groups:
a multitude of soldiers; a collection of ships; a group of animals; the soldiers
and the officers on a ship; members who govern a country; political groups;
people listening to a concert; students always working together.
Exercise 5
Combine the words in capital letters with each word of the list below it,
putting it either before or after according to the meaning:
MAN SCHOOL HOUSE
WORK
work grammar
work
needle
police boy
old
day
kind
master
wife
shop
SHOP LAND
PAPER
DAY
book
father
bag
birth
window mark
news
break
work
lord
money
pay
MASTER HORSE TABLE HEAD
piece
man
time
light
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school
head
shoe
race
tennis
cloth
line
bridge
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man! 13. He is a man of means, he can afford it. 14. Youll find the
information you need in the minutes of the meeting. 15. We are all at pains to
please her. 16. The policeman is taking down the particulars of the witnesses.
17. There is a suspect on the premises. 18. Give her my best regards. 19. Ive
put all my savings in the savings bank. 20. She is always in good spirits. 21. I
cant drink spirits. 22. She is sitting on the stairs. 23. He earns high wages.
Exercise 9. Turn the italicized nouns into the plural and make all the other
necessary changes in the sentences:
1.The chicken was eaten by a fox. 2. Have you seen this interesting
phenomenon? 3. That knife should be wiped at once. 4. Last night a house was
robbed by a thief. 5. The child in that family has bad manners. 6. The farmer
has a hen, a goose, and a sheep. 7. My sister-in-law is a teacher. 8. My cat
never catches a mouse. 9. The businessman is considering the new tariff.
10. She has lost the key to that door. 11. The housewife and the middle-aged
woman are the principal consumers of this product. 12. The inspector will
speak to the witness who has seen the accident.
Exercise 10. Choose the right word from the brackets:
1.The scissors (was, were) here a few minutes ago. 2. His luggage (was, were)
lost yesterday. 3. A (little, few) knowledge (is, are) a dangerous thing. 4.
(much, many) people on the ship (was, were) getting seasick from the waves.
5. There (is, are) several means of accomplishing our purpose. 6. Billiards (is,
are) his favourite game. 7. The news printed in that paper (is, are) never
accurate. 8. We dont need to buy so (much, many) furniture, there (is, are)
(much, many) chairs here. 9. How (much, many) information do you have
about that man?
10. You didnt give me (much, many) ideas about the job,
and very (little, few) advice.
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Unit IV
Parts of a Company
Ok, lets start here, in research and development department, or R&D. This
department is responsible for thinking of ideas for new products and finding
ways to improve our existing products.
This department looks after our computer equipment. They deal with any
problems. This is information technology or IT.
Purchasing buys all the thing we need to make our products. They talk to our
suppliers and try to get the best price.
This is the main factory area, the production department. Here we make our
products. Its the biggest part of the company.
Here in the finance department, they check how much the company is making
and decide how much to spend. They also pay employees salaries.
This department looks after the people who work here. Human resources is
responsible for recruiting new employees, organizing training and helping
with any problems.
Sales and marketing is very important. The marketing people think up the
ideas for selling our products. The sales people go out and sell our products to
our customers.
Customer services processes orders from customers. It organizes
transportation, checks that customers have received their orders and deals with
complaints.
Finally, distribution is responsible for transporting our products. They receive
orders from customer services, and plan how and when to transport the
products so the customers receive them at the right time.
Vocabulary Practice
Match the name of the departments (1-9) with the phrases (a-i) to make a short
description of each department.
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you. 18.Some girls enjoy dances. 19. This car breaks down frequently. 20.
This star moves round the sun.
B. Present continuous tense
We use the present continuous to talk about present situations which we see
as short-term or temporary.
In the following examples, the action is taking place at the time of speaking.
Oh, no. Its raining.
Who is Kate talking to on the phone?
Look, somebody is trying to steal that mans wallet.
Slow down, youre driving too fast.
In the next examples, the action is true at the present moment but we dont
think it will true in the long term.
Were looking for a new house.
Shes thinking about leaving the company.
Are you doing enough revision for your exams?
Theyre considering making an appeal against the judgment.
In these examples, the action is at a definite time in the future and has already
been arranged.
Im seeing her at 6.30.
Hes coming next week.
We are having a special dinner at a top restaurant for all the
senior managers.
They arent arriving until Wednesday.
Isnt she coming to the dinner?
Exercise 4. Put the verbs in brackets into the present continuous tense.
1. She ... (not work), she (swim) in the river.
2. He (teach) his boy to ride.
3. Why Ann (not wear) her new dress?
4. The airplane (fly) at 2,000 feet.
5. What Tom (do) now?
He (clean) his shoes.
6. This fire (go) out. Somebody (bring) more coal?
7. It ... (rain)? Yes, it (rain) very hard. You cant go out yet.
8. You (not tell) the truth.
How do you know that I (not tell) the truth?
9. Who (make) that terrible noise?
It is your uncle. He (practise) the violin.
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Im just brushing my
hair.
Shall we go for a walk? Hes
smoking
a
cigarette outside.
Im looking for my bag. No, its still raining.
What is she wearing?
Have you seen it?
Is anyone sitting here?
I dont know but it
doesnt suit her!
Where is Tom?
I think Ill go to bed.
Ill be ready in a few Oh, thats her brother.
minutes.
Im getting tired.
No, no. Sit down.
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Exercise 7.
Select the correct forms of the verbs, paying special attention to the agreement
between subject and predicate:
1. Mumps (is/are) contagious. 2. The outskirts of our town (has/have) been
completely rebuilt. 3. Alms (does/do) not solve the Poor's problem. 4. The
trousers (is/are) well-cut. 5. Phonetics (deals/deal) with the sounds of a
language. 6. The information (is/are) very important to us. 7. The furniture of
the room (was/were) very modern, indeed. 8. Customs (is/are) very expensive
for such products. 9. This piece of luggage (is/are) very heavy. 10. Your piece
of advice (is/are) very important to me. 11. What news (is/are) published
today? 12. Plastics (replaces /replace) more and more the traditional materials.
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Unit V
The Managers Role
Managers have to identify and set the objectives for their company. They are
involved in long-term, strategic planning, as well as in the drawing up of short
term, tactical plans. Managers must organize the company, decide on
allocation and use of the companys resources. They select and train the staff
that should be able to suitably carry out the tasks of the organization.
In the implementation of their programme they must command, delegate,
motivate and communicate effectively with all the levels of their company. It
has been pointed out that good relations at work, among workers and between
workers and management favorably influence output, the quality of work and
motivation. The feeling of belonging to a group has a positive impact on the
behaviour of employees. Successful managers always involve their staff in
performing important tasks, delegating them some activities, this leading to
improved results of the company.
The control activity means measuring the performance of their staff, setting
obtained results against objectives the management by objectives technique
is but one example in this respect. Managers also have to establish and make
contacts with the outside world, they represent their organization in its relation
with customers and suppliers, government and other parties.
Vocabulary practice
1. communicate
- to convey an idea or feeling to people
2. delegate
- to give someone the duty to act on your behalf, make
decisions
3. motivate
- give/offer a stimulus to do something
4. management by objectives - a method of checking the performance of an
employee by setting the results against the targets
Focus on grammar
A. The past simple
The past simple is used to talk about actions and states which we see as
completed in the past
We use it to talk about a specific point in time.
I saw her in the street yesterday.
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54
4. The unclassifiable
Come came came
Do did done
Go went gone
Show showed shown
As you meet new irregular verbs, try to decide in which category they fall.
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We can use it to refer to an action that has finished but you can still see
evidence.
Oh, the kitchen is a mess. Who has been cooking?
You look tired. Have you been sleeping properly?
I have got a stiff neck. Ive been working too long on the
computer.
It can refer to an action that has not finished.
Ive been learning Spanish for 20 years and still dont know it
very much.
Ive been waiting for him for 30 minutes and he still hasnt
arrived.
Hes been telling me about it for days. I wish he would stop.
It can refer to a series of actions.
She has been writing to her regularly for a couple of years.
He has been phoning me all week for an answer.
The university has been sending students here for over twenty
years to do work experience.
The present perfect continuous is often used with since, for, all week,
for days, lately, recently, over the last few months.
I have been waiting to do that for ten years.
You havent been getting good results over the last few months.
They havent been working all week. Theyre on strike.
He hasnt been working hard on it for ages.
Ive been looking at other options recently.
He has been working here since 2001.
D. Present perfect simple or continuous
Often there is very little difference between the present perfect simple and the
present perfect continuous. In many cases, both are equally acceptable.
Theyve been working here for a long time but Andy has worked
here for even longer.
Ive lived here for 10 years and she has been living here for 12
years.
To emphasize the action, we use the continuous form.
Weve been working really hard for a couple of months.
Shes been having a hard time.
To emphasize the result of the action, we use the simple form.
Ive made fifteen phone calls this morning.
Hes written a very good report.
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12.When I arrived at the meeting the first speaker had just finished speaking
and the audience (clap).
13.Who you (talk) to on the telephone as I came in?
I (talk) to Mr. Pitt.
14. Where he (live) when you saw him last?
15. There had been an accident and men (carry)
the injured people to the ambulance.
Exercise 4. Put the verbs in brackets into the present perfect tense, and fill the
spaces by repeating the auxiliary.
1. Where you (be)?
I (be) to the dentist.
2. you (have) breakfast?
Yes, I
3. the post . (come)?
No, it
4. you (see) my watch anywhere?
No, Im afraid I
5. someone (wind) the clock?
Yes, Tom ..
6. The phone (stop) ringing.
7. you (hear) of her lately?
No, I .
8. There arent any buses because the drivers (go) on strike.
9. you (have) enough to eat?
Yes, I (have) plenty, thank you.
10.Charles (pass) his exam?
Yes, he
Exercise 5. Read the questions below and answer them according to the
model. Use JUST with the present perfect simple to express an action
completed recently.
Model: Is Peter opening the window now?
No, hes just opened the window.
Are the students listening to the tapes now?
No, theyve just listened to the tapes.
1.Is Mr. Brown opening his office now?
2.Are the students practicing the tenses now?
3.Is Alice cleaning the blackboard now?
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.
.
.
.
Exercise 8. Give true answers to the following questions to practise the use of
EVER, NEVER, OFTEN, which are frequently associated with the present
perfect.(These adverbs of frequency can be associated with other tenses as
well, depending on the context and the temporal relations.)
Model: Have you ever played tennis?
Yes, I have. Ive often played tennis. / No, I havent. Ive never played
tennis.
1. Have you ever read in a library?
2. Have you ever missed the train?
3. Have you ever cooked?
4. Have you ever traveled by cable car?
5. Have you ever eaten caviar?
6. Have you ever acted in a play?
7. Have you ever visited Paris?
8. Have you ever met a famous person?
9. Have you ever ridden a horse?
10. Have you ever lost your wallet?
Exercise 9.The Present Perfect and the Simple Past
Put the verbs in brackets into the present perfect or the simple past tense. (In
some sentences the present perfect continuous is also possible.)
1. This is my house.
How long you (live) here?
I (live) here since 1989.
2. He (live) in London for two years and then (go) to Edinburgh.
3. you (wear) your hair long when you were at school?
Yes, my mother (insist) on it.
4. But when I (leave) school I (cut) my hair and (wear) it short ever
since.
5. Shakespeare (write) several plays.
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12. It (rain) for two hours and the ground is too wet to play on, so the
match (be) postponed.
Exercise 9. Put the verbs in brackets into the present continuous tense.
1.I (make) cakes. That is why my hands are all covered with flour.
2.Her phone (ring) for ten minutes. I wonder why she doesnt answer it.
3.He (overwork). That is why he looks pale.
4.How long you (wear) glasses?
5.He (speak) for an hour now. I expect hell soon be finished.
6.I (shop) all day and Im completely exhausted.
7.How long you (wait) for me? I (wait) about half an hour.
8.Have seen my briefcase anywhere? I (look) for it for ages.
9.Im sorry for keeping you waiting. I (be) on a meeting.
10.He (speak) for an hour now. I expect hell soon be finished.
11.We (argue) about this for two hours now. Dont you think we should
stop?
12.We (live) here since 1982.
13.Im on a diet. I (eat) nothing but bananas for the last month.
14.This pipe (leak) for ages. We must get it mended.
15.The trial (go) on for a long time. I wonder what the verdict will be.
Exercise 12.For and Since
Fill the spaces in the following sentences by using for and since.
1. Weve been fishing two hours.
2. Ive been working in this office a month.
3. Theyve been living in France 1995.
4. Ive known that a long time.
5. The man has been standing there six oclock.
6. Things have changed I was a little boy.
7. Ive been using this machine twelve years.
8. Weve been waiting .. half an hour.
9. Mr. Pitt has been in hospital his accident.
10. He hasnt spoken to me the last committee meeting.
11. He has been under water half an hour.
12. That tree has been there 2,000 years.
13. He hasnt eaten anything twenty-four hours.
14. He has been Minister of Education 2002.
Exercise13. Put the verbs in brackets into the correct tense: present perfect or
simple past.
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1. I (buy) a new house last year, but I (not sell) my old house yet, so at
the moment I have two houses.
2. When Ann (be) on her way to the station it (begin) to rain. Ann
(run) back to her flat for her umbrella, but this (make) her late for her train.
3. She (catch) the next train but it (not get) in till 9.00, so she (arrive)
at her office ten minutes late.
4. Her boss (look) up as she (come) in. You (be) late every morning
this week, he (growl).
5. At 7 a.m. Charles (ring) Peter and (say), Im going fishing, Peter.
Would you like to come?
6. But its so early, (say) Peter. I (not have) breakfast yet. Why
you (not tell) me last night?
7. Ann (go) to Canada six months ago. She
(work) in Canada for a
while and then (go) to the United States.
8. Cindy (be) in Japan for two years. She is working there and she likes it
very much.
9. How long you (be) in your present job?
I (be) there for six months.
And what you (do) before that?
Before that I (work) for Jones and Company.
10. When I (be) seventeen I(start) my university course.
When you (get) your degree?
Oh, I (not get) my degree yet; Im still at the university. I only (be)
there for three years.
11. you (ever, be) to France?
Yes, I (spend) last July and August in Grenoble. I (go) to improve my
French but everyone I (meet) (want) to improve his English so I (not
get) much practice
12. In the evenings I often play chess with my next door neighbour. I (play)
chess with him ever since I (come) to live here ten years ago.
13. I hope youre enjoying your visit to England. you (meet) any
Englishmen yet?
Yes, I (meet) a man called Smith at a party last night.
What you (talk) about?
We (talk) about the weather.
Exercise 14. Express the idea of repeated action using the present perfect
continuous tense instead of the present perfect simple + the specified number
of times the action is repeated.
Model: Ive asked him to be quiet hundreds of
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times.
Ive been asking him to be quiet.
1. Ive phoned Cindy four times.
2. The new investors have asked the manager the same question twice.
3. Theyve visited this museum three times.
4. Mr. Taylor has driven this car hundreds of times.
5. She has done crossword puzzles many times.
6. Ive seen this film many times.
7. Christine has worn this dress twice.
Exercise 15.Use the verbs in brackets in the present perfect simple or
continuous. (Some of the verbs cannot be used in the continuous aspect).
Model: Mary went to library at 8 oclock in the morning.
She is still there, reading. (be, read)
Mary has been in the library since 8 oclock.
She has been reading since 8 oclock.
1. Paul and Ann are waiting for the train. They walked onto the station
platform half an hour ago. (wait, be)
2. My cousin bought a car in 2001. In the same year he learnt to drive. He still
has the car. (have, drive)
3. I first met John five years ago. He was living in London at that time and he
is still living there. (know, live)
4. My parents bought a house ten years ago. They are still living in it. (own,
live)
5. The Taylors began making plans for their holiday two hours ago. Now they
know where they are going to spend it. (talk, decide)
6. Cindy caught a bad cold three days ago. She immediately
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Unit VI
Motivation
In order to insure that employees work efficiently a manager must motivate
his staff. The factors influencing motivation have been presented as a
hierarchy of needs by Maslow. The first group are physiological needs such as
food, water, air and sleep. Before these needs have been satisfied people will
not think of other needs.
The second place is held by security needs such as being safe, being free from
danger, pain, unemployment and having a shelter where to stay. When these
needs are satisfied people will have social needs which include the feeling of
belonging to a group as well as being accepted and liked by the others.
The next type of need is called esteem need, that is self-respect, the esteem of
others, the desire to have power and status. The highest level in the hierarchy
of needs is held by self-actualization needs i.e. the desire to develop, to
maximize ones potential, to achieve ones goals. Another theory of
motivation is that worked out by Herzberg. He has a two-factor theory
motivators, i.e. factors bringing satisfaction, include challenging work, career
prospects, responsibility and recognition, promotion. The second group of
factors, hygiene factors, refer to conditions of work such as salary and fringe
benefits, relationship with colleagues, job security, status. The second group
does not give increased satisfaction. However, the absence of such factors is
likely to lead to dissatisfaction.
Vocabulary practice
1. hierarchy - the position of somebody in society / how important others
think you are
2. status
- a system where ideas are arranged in a formal structure
3. self-actualization self-development
4. security - protection from danger / harm
Read and learn:
Read what three people say about their jobs. Complete the chart with notes on
the good and bad things about Annas, Tonys, and Erikas jobs.
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Anna, 18
I work in a factory. My working hours are 8.00 a.m. to 5.00 p.m., Monday to
Friday. I have a one hour lunch break at 12.30. The routine is the same every
day. My job is very boring but the pay is quite good. My colleagues and I
dont really talk to each other, but I have a lot of friends outside work. My job
is just a way to earn money.
Tony, 23
Im a computer programmer. I work a 40 hour week. We have flexible
hours so I can start and finish when I want. If we are busy then I work
overtime I get paid extra for this. There are always problems to solve. This
can be difficult, but it can also be quite creative. I earn a good salary, but my
job doesnt rule my life. I like to do different things in my free time.
Erika, 25
Im a doctor in a large hospital. I work very long hours 60 or 70 hours a
week often in the evenings and at weekends. The work is really interesting
but it can also be quite stressful. I love my job and my colleagues are also my
friends. I dont have time for a social life. When I get home, Im too tired to do
anything except have dinner and watch TV.
Good things
Bad things
Anna
Tony
Erika
Vocabulary practice
A. Match the underlined words in the quotes with the definitions (1 8).
1. the people you work with __________
2. the number of hours in the week you spend doing your
job____________
3. the money you receive every month for the work you have
done___________
4. the things you do, usually with other people, outside
work___________
5. the time you have for eating in the middle of the working
day____________
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busy;
difficult; creative;
interesting;
stressful
1. If we have too much work and not enough time, it can be quite
.
2. In my job, I use my imagination and ideas a lot, so the work is
.
3. I do the same thing every day my job is .
4. There is so much to do at work that Im always .
5. Sometimes my job is ., but I would get bored if it was too
easy.
6. My job is very . because Im always learning new things.
C. Reading
Read about the quotes from two people talking about their jobs. Which one is
motivated by:
1. helping other people
.
2. earning a lot of money
.
Cindy, accountant
I work in the finance department of a large company. There are a lot of
benefits. For example, if the company makes a profit, all the employees get a
bonus. Theres also a profit share, but thats only for managers. I have a
company car and I also travel abroad quite a lot always business class and on
expenses, of course. We also get a pension and private health insurance. The
company pays for its staff to go on training courses to develop their
professional skills. And we get free membership of the local gym. There are
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also rewards: its hard work, but I get a lot of satisfaction from it. People
recognize it if you do a good job, so there are good prospects for promotion.
Benjamin, physiotherapist
I work for the health service. There are a lot of rewards: the main one is the
job satisfaction. I get a real sense of achievement when someone says thank
you. You know youre doing a worthwhile job. If you work hard, there are
opportunities for promotion. I like the responsibility of making the difference
to peoples lives. There are some benefits. We dont get bonuses or anything
like that, but theres a very good pension. The health service pays for us to go
on training courses, and people with children get help with paying for
childcare. If I visit patients at home, I get a travel allowance, but its not very
much.
3. Look at this list of things that motivate people and tick the things Cindy and
Benjamin mention.
Cindy
Benjamin
pension
_____
_____
training
_____
_____
profit share _____
_____
expenses
_____
_____
company car
_____
_____
business class travel
_____
_____
private health insurance_____
_____
bonus
_____
_____
travel allowance
_____
_____
subsidized childcare _____
_____
promotion
_____
_____
gym membership
_____
_____
doing something
worthwhile _____
_____
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Unit VII
The management of time
A manager should use his time in an efficient way. He should cut out all
activities that do not contribute to the carrying out of his managerial tasks. In
order to be aware of how he spends his time, he could resort to recording his
activity all over the day, which is called logging time. Based on time logging,
he can realize what can be left out. A manager should have a clear idea of
priorities. A list of tasks in the order of their importance could be a useful
device. He should concentrate on the most important tasks first, and avoid
time-consuming and unproductive ways of doing things. A good manager will
delegate the tasks he cannot afford the time to handle himself and in this way
he will be able to meet deadlines even if this means others have been involved
in settling matters. Among the things he can give up is writing long memos.
He can handle matters faster by making phone calls. He can also turn down
requests to join committees, give interviews, contribute articles to magazines
and so on. In this way he could make an efficient use of his time.
Vocabulary practice
1. to log to record facts/events in writing;
2. to afford to have enough of something for a purpose;
3. to delegate give someone a duty to act on your behalf, taking decisions;
4. to turn down reject / refuse;
5. deadline - time / date before which a specified job must be finished;
Exercise 1. Fill in the missing words:
Telephoning
When (1) a telephone call abroad you must make sure you know, besides
the called partys number, the country and area(2). If you want to reach
someone who works with the company, you might (3) through to her/him
using either a direct line or the switchboard. If the latter is the case, the
operator will identify the companys name and ask you what she/he can (4)
for you. You will mention either the department and the name of the person
youd like to speak to or the (5) number. If that extension is (6), she/he
cannot (7) you through at once. So you will be asked to (8) the line or
(9) up and call again later. When you have finally been put through there is
a chance that the person you are looking for is not (10). She/he may be
(11) for a while, or may be in (12), or even on a (13) of absence. The
secretary, who (14) the call, will offer to (15) a message if you wish to
(16) one. She/he will (17) you that the message will be (18) on her
boss and she/he will call you back as soon as possible. If you have the chance
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to find your man from the first attempt, you will (19) down to business and
maybe (20) an appointment or any other arrangements that are required.
One word may be used more than once
Available , busy , code , conference , do ,extension, get, (2 times) , hang , hold
, leave (2 times) , make, making , out, passed , put , reassure , take , takes.
Key to exercise 1: 1 .making; 2. code; 3. get; 4. do; 5. extension; 6. busy; 7.
put; 8. hold; 9. hang; 10. available; 11. out; 12. conference; 13. leave; 14.
takes; 15. take; 16. leave; 17. reassure; 18. passed; 19. get; 20.make.
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4. Mr. Taylor usually wears sandals during the summer season but when I last
saw him he (wear) thick boots.
5. The office was in great disorder because he (redecorate) it.
6. The car was empty but the engine (run).
7. Are you going to Rome? I thought that you (go) to Milan.
8. My partner and I (talk) about this business the other day.
9. When I first met him he (work) for a big company.
10.There was a strong smell and the sound of frying. Obviously Mrs. Jones
(cook) fish.
11.Tom ate nothing for lunch because he (diet). He said that he (try) to lose
10 lb.
12.When I arrived at the meeting the first speaker had just finished speaking
and the audience (clap).
13. Who you (talk) to on the telephone as I came in?
I (talk) to Mr. Pitt.
14. Where he (live) when you saw him last?
15. There had been an accident and men (carry) the injured people to the
ambulance.
Exercise 2. Put the verbs in brackets into the correct tense: simple past or past
continuous.
1. I (walk) along Piccadilly when I (realize) that a man with a ginger beard,
whom I had seen three times already that afternoon, (follow) me. 2. To make
quite sure, I (walk) on quickly, (turn) right, then left and (stop) suddenly at a
shop window. 3. In a few minutes the man with the beard (appear) and (stop)
at another shop window. 4. I (go) on. 5. Whenever I (stop) he (stop), and
whenever I (look) round he (be) still there. 6. He (look) a very respectable type
and (wear) very conventional clothes and I (wonder) if he was a policeman or
a private detective. 7. I (decide) to try and shake him off. 8. A 74 bus (stand)
at the bus stop just beside me. 9. Then the conductor (come) downstairs and
(ring) the bell; just as the bus (move) off, I (jump) on it. 10. The man with the
beard (miss) the bus but (get) into another 74, which (follow) the first. 11.
Both buses (crawl) very slowly along Knightsbridge. 12. Every time the buses
(pull) up at a stop, the man (look) out anxiously to see if I (get) off. 13.
Finally, at some traffic lights, he (change) buses and (get) into mine. 14. At
Gloucester Road underground, I (leave) the bus and (buy) a ticket at a ticket
machine. 15. As I (stand) on the platform waiting for a Circle Line train, my
pursuer (come) down the stairs. 16. He (carry) a newspaper and when we (get)
into the same compartment, he (sit) in one corner reading it, and I (read) the
advertisements. 17. He (look) over the top of the newspaper at every station to
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see if I (get) out. 18. I (become) rather tired of being shadowed like this, so
finally I (go) and (sit) beside the man and (ask) him why he (follow) me. 19.
At first he (say) he (not follow) me at all but when I (threaten) to knock him
down, he (admit) that he was. 20. Then he (tell) me he (be) a writer of
detective stories and (try) to see if it was difficult to follow someone unseen.
21. I (tell) him he hadnt been unseen because I had noticed him in Piccadilly
and I (advise) him to shave off his ginger beard if he (not want) his victim to
know he (be) followed.
B. The past simple or continuous
The past simple and the past continuous both refer to completed actions in the
past.
When we are talking about such actions, most of the time, we use the past
simple. This is by far the most common way of talking about the past.
They lived in Florida for 6 years.
I only found out a few minutes ago.
The company took on more than 100 people last year.
He asked her but she didnt know anything.
The past continuous tense is used only when you want to emphasize the
continuity of the action.
Jack was talking about it all evening.
There were really trying hard but couldnt do it.
Were you expecting him to get the job?
I was thinking about you the other day.
The past continuous to talk about the background action and the past simple
to talk about the shorter completed action.
It was snowing hard when we left home.
I was reading the report when you rang.
She was going out to an appointment when I saw her.
Everybody was taking a break when I arrived.
The company was doing well when I last visited it.
C. The past perfect tense
The past perfect simple is used to talk about what happened before a point in
the past. It looks back from a point in the past to a time further in the past.
She had already spoken to him before I had time to give him my
version.
I checked with our customers but they still hadnt received the
delivery.
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Exercise 3. Read the sentences below paying attention to the use of the past
perfect tense.
1. The secretary had just got into the office when the telephone rang.
2. Doris turned the radio on as soon as she had entered the office.
3. Mr. White had worked for this company for thirty years when he retired.
4. Tom had already had breakfast when his wife got up.
5. Until the manager had explained the business again, the investors did not
understand.
6. By the time the guests arrived, the maid had prepared all the rooms.
7. After the plane had touched the ground, the engines stopped.
8. After she had watched the serial for twenty minutes, Cindy fell asleep.
9. The passengers had fastened their seat belts before the plane landed.
10. When the concert began, Michael hadnt bought his ticket.
Exercise 4. Re-express the following sentences to indicate what activity had
already been completed when / by the time / before the event took place, and
what activity had been continuing to that time.
Model: a) I finished studying the lesson. By the time you rang me up
By the time you rang me up I had finished studying the lesson.
b) Tom waited for half an hour. When the train arrived
When the train arrived, Tom had been waiting for half an hour.
1. They looked for the child for an hour. When they found the child
2. I finished reading the letter. By the time you came
3. The farmers harvested their crops. Before the first snow came
4. The Spaniards explored California. By the time the English colonists came
Exercise 5. Put the verbs in brackets in the past tense simple, past perfect
simple or continuous, as appropriate.
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1. By the time Helen (reach) the store, she (forget) what she wanted to
buy.
2. The ground (be) wet because it (rain) for five days.
3. First the weather (be) fine. Later it (start) to rain. Then we (decide)
to go back home.
4. Michael (feel) rather unwell for a few days so he (go) to see his
doctor.
5. By the end of the last year they (study) Accounting for three years.
6. When the investors (phone) us, we (not finish) our Annual General
Meeting yet.
7. Sally was still practicing the piano at noon yesterday. She (sing) all
morning.
8. The engineer (design) the new wing of the plant last week. He (never,
design) such an interesting project before.
9. I (meet) my boss yesterday afternoon. He (tell) me he (just, come)
back from his holiday.
10.The telephone (ring) again a few minutes ago. It (ring) several times
during the day.
11.By the time I (get) to the office, the meeting (already, begin).
12.The brass band (play) ever since the first people (get) into the park.
13.We (wait) for more than half an hour but there was still no sign of out
new partners.
14.The party was a great success. Tom (feel) happier than he (ever,
feel) before.
Exercise 6. Put the verbs in brackets into the correct form of the past perfect.
1. When we returned, we found that somebody ..(broke into) our flat.
2. I (not/finish) cooking dinner when my parents came to visit.
3. Jim went out for coffee after he (write) a letter to his grandmother.
4. They left the cinema after the film (end).
5. She was excited because she (not/see) a play before.
6. Did you like the cake (she/bake)?
7. He (hear) the song on the radio before he bought the CD.
8. They were tired because they (play) football.
9. She was sad because she (lose) the game.
10.The match (already/start) when they arrived at the stadium.
Exercise 7. Join the sentences using the words in brackets and putting the
verbs into the correct tense, as in the example:
e.g.
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We can use the past continuous to talk about events which went on for a
period of time.
While I was driving home, Peter was trying desperately to contact
me.
I was thinking about him last night.
I was walking in the street when I suddenly fell over.
We can use the present perfect when we want to look back from the present
to the past.
I've broken my watch so I don't know what time it is.
She hasn't arrived yet.
We've been to Singapore a lot over the last few years.
Have you ever been to Argentina?
The Present Perfect Continuous can be used to talk about an action or
actions that started in the past and continued until recently or that continue
into the future.
You look tired. Have you been sleeping properly?
I've been waiting for 30 minutes aaand he still hasn't arrived.
He's been phoning me all week for an answer.
We can use the Past perfect continuous to look back at a situation in
progress.
We had been thinking about buying a new house but then we
decided to stay here.
It had been snowing for a while before we left.
She said she had been trying to call me all day.
Exercise 1. Mix and match
1. It was a meter deep...
2.She didn't have any money left...
3. She was sacked because ...
4. I had been trying to get ...
5. He'd only been seeing her one week when ...
6. She hadn't been working there very long ...
7. He told me he had only been
8. I thought he had been attending classes regularly
9. I was very angry when I found out she
a) she'd been smoking in there.
b) but he hadn't.
c) she got promoted.
d) he asked her to marry him.
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Unit VIII
Types of banks and their structure
1. Central banks (bnci centrale)
Main functions: to implement the countrys monetary policy. Ex: The Bank of
England, the Banque de France (n Romania, Banca Naional a Romniei).
Central Banks are the only banks to be allowed to issue banknotes.
A central Banks is the Governments banker: when short of money,
the government may borrow from the Bank.
A Central Banks is in charge of the keeping of the countrys gold
reserves.
A Central Banks is a Bankers bank, and all other banks have large
sums deposited there. They use these to settle accounts among
themselves.
A Central bank regulates the flow of capital into and out of the
country.
A Central Bank regulates the amount of credit available in the
country; one of the instruments used is the Bank Rate, which is the
rate of interest the Central Bank will apply to depositors and
borrowers. This will obviously influence the lending rate used by all
the other financial and commercial institutions and organizations.
In the United States, the Federal Reserve System plays much the same part as
a Central Bank.
2. Commercial banks or Retail banks (bnci comerciale)
Commercial banks fill the short-term needs of companies and individuals.
They provide small businesses with loans, consumer and installment credit,
mortgage loans, and other more personalized kinds of services.
3. Investment banks (US) or Merchant banks (GB) (bnci de investiii)
These banks are concerned with sophisticated, often innovative transactions
that most often involve large corporate customers. They participate in large
pools of capital (resources) and financial syndications and they often work
together to provide their clients with large-scale (extensive) financing, which
may include international credit facilities. They provide corporate finance
services to companies: mergers and acquisitions, take over bids, floatation on
the Stock Exchange, medium-term loans, export, leasing.
In recent years, these types of banks have greatly reduced the services they
once provided to small companies and to individuals. Investment banks
specialize in complicated, one-time transactions often involving hundreds of
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Financial services companies exist in various forms and offer a wide range of
services that may include insurance programs, investment and brokerage
services, mutual funds, tax-shelters and IRAs (Individual Retirement
Accounts cont de pensii individual).
10. The GIRO (U.K)
It operates along the same lines as the Chques Postaux (cecuri potale) in
France.
Vocabulary practice
account = cont;
account holder = titular de cont;
automatic teller machine (ATM) = distribuitor automat de bancnote;
bank rate = rat bancar;
balance = sold;
clearing = compensare;
collateral = garanie (suplimentar la banc);
credit line = linie de credit;
credit status = solvabilitate;
credit worthiness = solvabilitate;
current account = cont current;
debtor = debitor;
deed = act notarial;
deposit (to) = a depune (bani la banc);
deposit = depunere, deposit;
depositor = depuntor, deponent;
documentary credit = acreditiv;
draw a bill (to) = a trage o cambie;
draw money (to) = a retrage bani;
fall due (to) = a fi scadent;
forge (to) = a falsifica;
fund (to) = a finana;
fund = fond;
funding = finantare;
GIRO (GB) = serviciu de cecuri potale;
give notice (to) = a da un preaviz;
grant an overdraft (to) = a acorda o facilitate de cont descoperit;
interest = dobnd ;
I.O.U. = recunoaterea unei datorii ;
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issue = emisiune ;
issue (to) = a emite;
legal tender = mijloace legale de plat;
lend (to) = a da cu mprumut;
lender = creditor, persoana care d cu mprumut;
lien = drept de sechestru ;
loan = mprumut ;
loan agreement = contract de mprumut;
mortgage = ipotec;
mortgage deed = acte ipotecare;
mortgage loan = mprumut ipotecar;
N.S.F. (Non-sufficient funds) = cont descoperit;
outstanding = restant;
overdraft = sum cu care s-a depit contul;
overdue = restant, neachitat;
paying-in-slip = foaie de vrsmnt;
pawn (to) = a gaja, a amaneta;
promissory note = bilet la ordin;
rate of exchange = rat de schimb;
savings deposits = depozit de economii;
savings banks = bnci de economii;
security = garanie, acoperire;
teller (US) = casier;
transfer = vrsmnt, transfer, virament;
withdraw (to) = a retrage;
withdrawal = retragere.
Business expressions 1
Choose the correct answer:
1. I've got to learn English fast. I need a real __________to get me up to speed
quickly.
a) crash course
b) closing a deal
c) coining it in
d) chew this over
2. The genuine results for the year were pretty bad but thanks to
___________we made them look OK!
a) copped out
b) cog in the machine
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_________and stop.
a) cut our losses
b) cough up
c) clear the decks
d) cut-throat
5. We had to threaten them with legal action before they agreed
to___________ the money they owed us.
a) crocodile tears
b) cough up
c) cut our losses
d) clear the decks
6. We'll have to drop everything else. We'll have to___________ concentrate
on this.
a) clear the decks
b )crashed
c) cut it fine
d) cut-throat
7. Competition is really fierce. In fact, it's ______________.
a) crocodile tears
b) crashed
c) cut it fine
d) cut-throat
8. Bids had to be in by 6.00 and we put ours in ten minutes before the
deadline. We really ____________.
a) crocodile tears
b) cut it fine
c) cut out losses
d) crashed
9. We can't access the computer files. The system ________this morning and
we cannot fix it.
a) crocodile tears
b) cutting edge
c) cut our losses
d) crashed
10. He said he was sorry about letting me go but I'm sure they were only
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e. chicken
5. I'm sure that there is a lot of corruption in that country. If we order an
internal audit we may be opening____________.
a. carry the can
b. chicken
c. can't win
d. chicken and egg
e. a can of worms
6. Someone is going to have to take responsibility for this disaster. Who is
going to______________.
a. can't win
b. carry the can
c. chicken
d. a can of worms
e. chicken and egg
7. Whatever we do, we are going to come out badly. It's a __________
situation.
a. a can of worms
b. carry the can
c. chicken
d. can't win
e. chicken and egg
8. She always like to think things through very carefully. She likes
to__________.
a. chicken and egg
b. chicken
c. chew things over
d. call his bluff
e. call it quits
9. We need a loan to start the company and we need a company to get the
loan. Its a ____________situation.
a. calls the shots
b. chew things over
c. chicken
d. call his bluff
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A. thanks
B. for the attention of
C. estimated time of arrival
D. quantity
E. with reference to
5. pls. cfm.
A. thanks
B. for the attention of
C. estimated time of arrival
D. number
6. @
A. at
B. for the attention of
C. estimated time of arrival
D. number
E. please confirm
7. a/c
A. at
B. account
C. estimated time of arrival
D. number
E. please confirm
8. A.G.M.
A. at
B. account
C. annual general meeting
D. number
E. please confirm
9. A.O.B.
A. at
B. account
C. annual general meeting
D. any other business
E. please confirm
10. attn
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A. thanks
B. for the attention of
C. please
D. quantity
E. with reference to
11.I.P.O.
A. copies to
B. Chief Executive Officer
C. initial public offer
D. any other business
E. approximately
12. ASAP
A. as soon as possible
B. please turn over
C. per week
D. value added tax
E. paid
13. re
A. as soon as possible
B. please reply
C. please
D. quantity
E. with reference to
14. C.O.D.
A. copies to
B. Chief Executive Officer
C. initial purchase offer
D .cash on delivery
E .approximately
15. approx
A. at
B. account
C. annual general meeting
D. any other business
E. approximately
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16. E.G.M.
A. copies to
B. Chief Executive Officer
C. initial purchase offer
D. cash an delivery
E. extraordinary general meeting
17. G.D.P.
A. gross domestic product
B. Chief Executive Officer
C. initial purchase offer
D. cash an delivery
E. extraordinary general meeting
18 G.N.P.
A. gross domestic product
B. gross national product
C. initial purchase offer
D. cash an delivery
E. extraordinary general meeting
19. pls.
A. as soon as possible
B. please reply
C. please
D. value added tax
E. paid
20. no.
A. thanks
B. for the attention of
C. estimated time of arrival
D. number
E. with reference to
21. lb
A. public limited company
B. gross national product
C. pound (weight)
D. incorporated
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E. limited company
22. C.E.O.
A. copies to
B. Chief Executive Officer
C. annual general meeting
D. any other business
E. approximately
23. I.O.U.
A. public limited company
B. I owe you
C. pound (weight)
D. incorporated
E. limited company
24. Jr.
A. public limited company
B.I owe you
C. pound (weight)
D. Junior
E. limited company
25. mo.
A. public limited company
B. I owe you
C. pound (weight)
D. junior
E. month
26. mth
A. public limited company
B.I owe you
C. pound (weight)
D. junior
E. month
27. Inc.
A. gross domestic product
B. gross national product
C. hire purchase
D incorporated
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D. incorporated
E. limited company
34. PA
A. not applicable
B .pay attention to this
C .personal assistant
D. junior
E. month
35. p.a.
A. not applicable
B. pay attention to this
C. personal assistant
D. per annum
E. month
36. Ltd.
A. gross domestic product
B. gross national product
C. hire purchase
D. incorporated
E. limited company
37. pd.
A. not applicable
B. pay attention to this
C. personal assistant
D. per annum
E. paid
38.PR
A. public relations
B. pay attention to this
C. personal assistant
D. per annum
E. paid
39. cc
A. copies to
100
B. account
C. annual general meeting
D. any other business
E. approximately
40. PTO
A. public relations
B. please turn over
C. personal assistant
D. per annum
E. paid
Key to the answers:
1. B; 2. D; 3.A; 4. C; 5. E; 6. A; 7. B; 8. C; 9. D; 10. B; 11. C; 12. A; 13. E;
14. D; 15. E; 16. E; 17. A; 18. B; 19. C; 20. D; 21. C; 22. B; 23. B; 24. D; 25.
E; 26. E; 27. D; 28. C; 29. D; 30. A; 31. C; 32. B; 33. A; 34. C; 35. D; 36. E;
37. E; 38. A; 39. A; 40. B.
Focus on grammar
WILL future
Some people have been taught that will is the future in English. This is not
correct. Sometimes when we talk about the future we cannot use will.
Sometimes when we use will we are not talking about the future.
We can use will to talk about future events we believe to be certain.
The sun will rise over there tomorrow morning.
Next year, Ill be 50.
That plane will be late. It always is.
There wont be any snow. Im certain. Its too warm.
Often we add perhaps, maybe, probably, possibly to make the belief
less certain.
Ill probably come back later.
Hell possibly find out when he sees Jenny.
Maybe it will be ok.
Perhaps well meet again some day.
We often use will with I think or I hope.
I think Ill go to bed now.
I think shell do well in the job.
I hope youll enjoy your stay.
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the
the
has
are
Exercise 1
Fill in the blanks with the simple future forms of the verbs in brackets.
1. (go) We to the Danube Delta next summer.
2. (wear) Cindy her new dress at the party.
3.(send)The secretary the documents tomorrow.
4.(hold)They the meeting the day after tomorrow.
5. (come) The new investors next Monday.
6. (study) Sally Economics next year.
7. (leave)The sportsmen the town tomorrow morning.
8. (buy)My friends themselves a house next year.
9. (decorate) My parents the house next summer.
10. (give) The Bartons a party next Saturday.
11. (visit) We Paris next summer.
12. (type) The secretary the invitations next morning.
Exercise 2
Ten students are talking about their intentions for the future.
Finish their statements in different ways, using after, when, while, until or as
soon as.
1. Im going to write a novel about my life experience
2. Im going to work hard at learning English
3. Im going to enjoy myself
4. Im going to do research
5. Im going to get married
6. Im going to get my doctorate
7. Im going to buy myself a car
8. Im going to travel abroad
9. Im going to find myself a well-paid job
10. Im going to leave my native town
Exercise 3
Put the verbs in brackets into the going to form.
1. You (miss) the train.
2. The pressure cooker (explode).
3. When the gardener (cut) the grass?
4. She (dye) her hair black.
5. We (make) this whisky bottle into a lamp.
6. What you (do) with this room?
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Exercise 7
Time clauses. The future tense is not used in time clauses, the present tense
being used instead.
Put the verbs in brackets into the correct tense (present or future).
1. When he (return) Ill give him the letter.
2. Cindy will be ready as soon as you (be).
3. The lift (not stop) until you press that button.
4. When it (get) cold well light the fire.
5. They wont come to London till the bus strike (be) over.
6. The manager will be astonished when he (see) how slowly he works.
7. Ill pay you when I (get) my cheque.
8. Sally will be delighted when she (hear) this.
9. As soon as Tom (attend) university hell get a better job.
10. As soon as Michael (arrive) at the office Ill tell him the news.
11. The new investors (ring) us up when they arrive in town.
12. As soon as the holidays begin this beach (become) very crowded.
Exercise 8
Put the verbs in brackets into the future perfect tense (S + shall/will + Have +
V-3rd form).
1. In a fortnight's time we (take) our exam.
2. I (finish) this book by tomorrow evening.
3. By this time tomorrow we (have) our first seminar.
4. In 2008 he (be) twenty-five years old.
5. I'll still be here next summer but Tom (leave).
6. I (finish) this job in twenty minutes.
7. By next winter they (build) four houses in that field.
8. By the time we get to the party everything (be) eaten.
9. By the end of my university years I (attend) 120 lectures.
10. By the end of the term I (read) all the twelve volumes.
11. If you don't hurry the sun (rise) before we reach the top.
12. On 25 October they (be) married for twenty years.
13. When you come back I (finish) all the housework.
14. When we reach Valparaiso we (sail) all around the world.
15. By the end of the year all our debts (be paid) off.
WILL - OTHER USES
108
A lot of students have been confused by older textbooks which refer to will
as the future tense.
A key factor to remember about will is that when we talk about the future
we cannot always use will and that when we use will we are not always
talking about the future.
In these examples will is clearly referring to the future.
I'll probably visit Sue when I go to Oxford.
If I see her, I'll tell her about it.
Next year she'll be 42. Or so she says.
However, in these examples will is referring to events happening at the
present.
My car won't start.
I'll answer that.
Will you have another cup of tea?
When we use will referring to the present, the idea being expressed is
usually one of showing willingness or will power.
My baby won't stop crying. I've tried everything and I'm really
exhausted.
I am the boss. You will do as I say.
I need quiet to write this but he will keep on talking to me. I wish
he would leave me alone.
Use will for requests, orders, invitations and offers.
Will you help me?
Will you please sit down?
Will you have some cake?
I'll help you.
Use will for promises and threats.
I'll do it at once. I'll phone him immediately.
I'll remember this. I'll get my own back some day.
Use will for habit.
A cat will always find a warm place to sleep.
My car won't go any faster than this.
Use will for deduction.
The phone's ringing. That will be Mark.
I expect he'll want us to start without him.
Look again at all of these examples of will. They are all to do with the
present or are timeless.
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Exercise 1
Mix and match:
1. Will you send me a copy
2. Will you have some more
3. You cooked so well
4. Will you call me as soon as you
5. If you wait a minute Ill
6. Its hot in here, will you
7. My plane arrives late. Will you
8. Thanks for the cash, Ill pay
9. The car needs a service. Will you
10 That bag looks heavy,
a) Ill take it.
b) drop it off at the garage.
c) have some news?
d) coffee?
e) soon as possible, please.
f) you back tomorrow.
g) open the window?
h) wash up.
i) give you a hand.
j) pick me up at the airport.
Exercise 2
Mix and match:
1. Theres someone at the door.
2. A dog will always find his way
3. She will spend everything I give her.
4. He will call me from the airport when
5. She wont argue with him.
6. They will walk home everyday to
7. Hell always wait until the last minute
8. Thatll be for me.
9. That colour will look good on you.
10. The ice cream will melt if
a) Thatll be Carol.
b) She always does.
c) Jack said he was going to phone.
d) Hes her direct manager
e) home
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f)
g)
h)
i)
j)
SHALL
We don't use Shall very frequently in modern English, particularly in
American English.
It is used to make offers and suggestions and to ask for advice.
What time shall we meet?
Shall we vote on it now?
What dress shall I wear?
Shall I open the window?
You only really need to know that about shall in modern English. Read the
rest of this only if you want to know more about how some older speakers still
use shall.
In older grammar, shall was used as an alternative to will with I and
we. Today, 'will' is normally used. When we do use 'shall', it has an idea of a
more personal, subjective future.
I shall go to see the boss and I shall ask him to explain this
decision.
Notice that the negative of 'shall' can be 'shall not' or 'shan't' though the
second one is now very rare in American English.
I don't like these people and I shall not go to their party.
I shan't object if you go without me.
Exercise 1
Mix and match:
1. Shall we have lunch together?
2. Shall I finish it?
3. Shall we meet in front of the cinema?
4. Shall I take your coat?
5. Shall I accept his offer?
6. Shall I give him it back?
7. Shall a take the bus or call a taxi?
8. Shall we get another bottle of wine?
9. Shall we have another drink?
10. Shall I tell him?
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a)
b)
c)
d)
e)
f)
g)
h)
i)
j)
Exercise 2
Match the questions and answers:
1. Shall I pick you up from airport?
2. Who shall we ask to lead the ream?
3. Shall we go away for the weekend?
4. Shall I get you a ticket?
5. What shall we eat?
6. Shall I call the doctor?
7. Shall we go now?
8. Shall I open the window?
9. What time shall I come?
a) Please. My plane gets in at ten thirty.
b) Yes, Im tired.
c) Please, then Ill pay you back.
d) Lovely idea. Lets go to Paris.
e) Yes, hes really not very well.
f) About seven thirty.
g) Yes, its very hot in here.
h) I think Larry would be a good choice.
i) What about a salad?
Exercise 3
Complete the questions:
1. Shall I you up from airport?
2. Who shall we to lead the team?
3. Shall we away for the weekend?
4. Shall I the doctor?
5. Shall we now?
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Unit IX
The globalization of trade
Major trading blocs today
One should first distinguish between Free Trade Areas (FTAs) and Customs
Unions: partners in an FTA agree to scrap tariffs on trade among themselves
whereas in a customs union, members decide on a common tariff policy
towards non-member countries.
Customs unions (Uniuni vamale)
The European Union (Uniunea European) formerly known as the European
Economic Community (Uniunea economic european) is the worlds largest
trading bloc today. Officially set up by the Treaty of Rome in 1958, it
originally comprised Belgium, France, West Germany, Italy, Luxemburg and
the Netherlands. The United Kingdom, the Irish Republic and Denmark joined
the Community in 1973, Greece in 1981, Spain and Portugal in 1986.
Sweden, Finland and Austria have been the latest countries to join (January 1,
1995).
The ratification of the Single European Act (Actul unic european) in 1987 and
its final implementation on December 31, 1992, have firmly established the
Community as a single domestic market; the aims at enhancing the financial
and political integration of the Union.
The European Union has closed preferential trade deals with North African
Countries, with Turkey (implementation of a customs union as of January 1,
1996) and has signed agreements (the Europe agreements) with several central
and Eastern European States.
Mercosur (Mercosur) is a customs union that was formerly set up on January
1, 1995, between Argentina, Brazil, Paraguay and Uruguay.
The Andean Pact (Pactul andin) was established in 1969 and includes Bolivia,
Colombia, Ecuador, Peru and Venezuela; this association, by gradually
abolishing internal trade barriers, is close to becoming a common Andean
Market.
Free-trade areas (zone de liber-schimb)
The European Free-Trade Association (EFTA), Asociaia european a
liberului schimb (AELS) was set up in 1960 in response to the initial Common
market between the countries that had signed the Treaty of Rome. It now
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includes the Western European countries that do not belong to the European
Union, such as Norway, Switzerland or Iceland; those having joined the
European economic Area (EEA) (Spatiul economic european) fall within the
jurisdiction of the European Single Act. The North American Free-Trade
Agreement (NAFTA), Asociaia nord-american de liber-schimb, is a free-trade
area including the United States, Canada and Mexico which was officially set
up in 1993. The ultimate objective seems to be the creation of a Pan-American
free-trade area that would stretch from Alaska to Tierra del Fuego; in this
respect, Chile is most likely to become the fourth NAFTA member since
negotiations are well underway.
Two FTA s are currently in the making in the Pacific zone:
The ten members of the Association of South-East Asian Nations
(ASEAN), (Asociaia naiunilor Asiei de Sud-Est), created in 1967,
have agreed to set up an FTA by the year 2003.
This association originally composed of Brunei, Indonesia, Malaysia, the
Philippines, Singapore, Thailand, now includes, as of July 1997, Cambodia,
Laos, Myanmar (formerly Burma) and Vietnam.
The Asian-Pacific Economic Co-operation (APEC) forum has pledged
itself to internal free trade by 2020, with the richer countries reaching
this objective by 2010. Today it comprises 18 countries with Pacific
shorelines, among which the United States, Canada, Australia, New
Zealand, China, Japan, Malaysia, Indonesia.
APEC is not a formal FTA yet but its plans look ambitious. It remain to be
seen whether the organization will overcome the difficulties inherent to its
cultural and economic make up (diversity of culture and economic
development levels), its geographical specificity (based on three continents)
and the leadership battles looming ahead, with such giants as China, Japan and
the United States.
Other free-trade areas are being established through the world:
The Central European Free-Trade Area (CEFTA) was formally set up in 1995
between the Czech Republic, Hungary, Poland, Slovakia and Slovenia. This
FTA, whose primary goal is to increase trade among its member-states, may
also be viewed as a step towards a future EU enlargement.
FTA.s are also in the making in the Caribbean and in the Middle East.
Vocabulary Practice
1. to scrap a da la rebut, a arunca la gunoi;
2. implementation punere n aplicare;
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Present perfect
I have been allowed /
permitted to come
Past Perfect
I had been allowed
/permitted to come.
Present Participle
Being allowed/
permitted to come.
Future
I'll be allowed/
permitted to come.
Might is not the past form of may when the modal verb expresses
permission, but a more reduced possibility.
Might is a more polite way of asking for permission.
Might is used instead of may.
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6. He believes you.
7. She could understand everything.
8. Mr. Barton works in this office.
9. They will have another meeting tomorrow.
10. Mrs. Carlton, the secretary, can send the invitations.
Exercise 3. Give short answers to the following questions.
1. Ann: Should you go to the conference?
Bob: Yes, I should.
2. Can you come earlier tomorrow?
3. Could you buy me some flowers?
4. Must I return the invitation next Sunday?
5. Will Mr. Jones answer this question?
6. Should Bob report to the manager immediately?
7. Can Susan invite some more guests?
8. May I use this phone?
9. Could Alice have already phoned?
10. May I have some more coffee, please?
Exercise 4. Read the following sentences paying attention to the meaning of
meaning of the modal verbs.
1. You may not go now. (I do not permit you to go)
2. He cant swim under water. (He is not able to swim under water)
3. You dont have to stay any longer. (You are not obliged to stay any
longer)
4. I neednt always be my fault. (It is not necessary for it to be always my
fault.
Exercise 5.Read the following sentences paying attention to the use of the
modal verbs.
1. Tom can ski now but he couldnt last year.
2. She is able to speak English, French, Italian and Spanish but she cant
speak German.
3. Mum, may I go to a disco tonight?
Im afraid you may not. Youll have a busy day tomorrow and you must
go to bed early tonight.
4. The patient must stay in hospital for several days.
5. You are not allowed to smoke in this room.
6. You must do your duty.
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Unit X
The Globalization of financial markets
International financial flow have been multiplied and accelerated by the
globalization of trade, the increased speed of round-the-clock communication,
the computerization of stock and currency markets which now operate round
the clock.
Multinational companies, which continually transfer funds from one
subsidiary to the other in different regions of the globe have also played an
important part in bringing about the interconnection of capital markets. So
have nation and business firms in general, as they compete for foreign capital.
States, for instance, will cut interest rates or provide tax holiday to attract
investors from all over the planet.
Capital flows, the necessary lifeblood of economic activity, make it possible to
transfer funds when they are more needed, more productive or more
profitable. Profitability of course involves speculation, as business firms and
privates persons tend to take advantage of the highest returns, and more funds
around with a view to short-term profits.
Finance executive are more often prompted by the need to spread their and to
hedge their transactions in the face of currency fluctuations than by a taste for
gambling or speculation, their operation may nevertheless tip the scales in
favour of short-term financial gain or against long-term industrial investment.
Securization, the development of numerous new financial instruments, such as
derivatives, have made the market more and more complex, and operators
have to be more and more sophisticated. If the free circulation of money is in
itself a positive factor for global economic growth and international
development, the multiplication of offshore funds and tax havens is more
ambiguous as the purpose served may be flexibility or tax evasion.
More disturbing is the laundering of money from drug trafficking, or criminal
activities, and its subsequent penetration of financial networks. Individual
states are more and more hard put to it to control this influx which can only be
restricted through international cooperation.
The degree of control of governments over their own economic and budgetary
policy is further weakened by the tyranny of the market which passes
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SUBORDINATE CLAUSE
1.ANTERIORITY:
Past perfect tense
Past tense
2.SIMULTANEITY:
Past continuous tense or
Simple past tense
3.POSTERIORITY:
Future in the past
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Exercise 1. Read the following sentences paying attention to the use of tenses
1. They said they would build the bridge next year.
2. Our new buyers admitted that they would send the order next week.
3. Michael promised that he would help me next Monday.
4. Sally told us that she had visited London last summer.
5. The secretary told me that she was typing some letters and she couldn't
leave the office.
6. I remembered that I had forgotten to lock the front door.
7. Yesterday evening I heard that someone was playing the piano next door.
8. They admitted that they had seen the accident yesterday afternoon.
9. I told my boss that the invitation had arrived the day before.
10. They promised that they would visit us next Sunday.
Exercise 2. Put the verbs in brackets into the correct tense (the past indefinite,
the past continuous, the past perfect, the future in the past):
1. When I (come in) the boy (sleep).
2. What (do) you yesterday?
3. Mr. Brown (talk) to his son while they (have) breakfast.
4. John (say) he (come) tomorrow.
5. He (tell) us what he (do) the day before.
6. They (say) I (can) go out when I (finish) my homework.
7. They (arrive) at the airport after the plane (leave).
8. By the time the doctor (arrive) the sick man (feel) better.
9. Why you (not tell) him yesterday you (can) lend him the money.
10. When I last (talk) with her she (go) to the country.
11. Mrs. Jones (say) she (not want) to see that play, as she (hear) it
(be) not as good as you (tell) her.
12. The man thought he (wish) he (be able) to speak to the manager
before he (leave).
Exercise 3. Put the verbs in brackets into the correct tense (the past indefinite,
the past continuous, the past perfect, the past perfect continuous, the future in
the past):
Lily (jump out) of the bed and the next moment she (open) the front
door. The sound of the door bell (wake) her, and her heart (begin) to
beat so fast. It (be) the postman. She (be) sure. Nobody (ring) the bell
the way he (do). He used to press his forefinger on the bell and keep it
there till he (hear) somebody moving in the flat. And Lily (be) sure of
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something else: the postman (come) to bring her the letter. The letter she
(look forward to) since Monday. It (be) on Monday that John (leave) so
that he (can write) the same day. But when he (leave) he (promise)
he (write) to her as soon as he (can) and the young girl (think) of
nothing else. Well, here it (be), in the hand of the old postman. Her eyes
(shine), her cheeks (be) flushed. She (stretch) out her arm shyly and
(grasp) it, while the man (smile) at her.
Exercise 4. Transform the following sentences using passive constructions.
MODEL:
a. They saw the boy leaving the building.
b. The boy was seen leaving the building.
a. Sally gave John an apple pie.
b. John was given an apple pie.
c. An apple pie was given to John.
1. They must finish the work by seven o'clock.
2. People will soon forgive him.
3. The police arrested the thief a week ago.
4. Fred has written a letter to Dick.
5. Miss Ashley asked Peter a difficult question.
6. Columbus discovered America in 1492.
7. Dickens wrote "Hard Times" in the 19th century.
8. We had to send for the doctor.
9. One must not laugh at children.
10. We must build more blocks-of-flats next year.
11. They could have discovered his secret sooner.
12. You should ask the secretary's advice.
13. Do you know that somebody is waiting for you?
14. We haven't heard anything about him since he left.
15. You should handle this parcel with care.
Exercise 5. Transform the following active constructions from "Tortilla Flat
by John Steinbeck into passive constructions:
1. He heard the bell ringing sweetly off China Point.
2. Some people had seen the Pirate early in the morning on Alvado Street.
3. Some had seen him cutting pitch wood.
4. Pylon knew everybody and everything about everybody.
5. Something had distracted his attention.
6. His words upset Danny.
7. We gave our lives for our country.
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25. It is high time someone told him to stop behaving like a child.
26. A thief stole my dog and brought him back only when I offered 20
reward for him.
27. The judge gave him two weeks in which to pay the fine.
28. Moles make these little hills.
Exercise 7. Put the sentences below into the passive voice:
1. The secretary has been typing the letters for two hours.
2. Commercial banks offer their clients competitive repayment facilities.
3. Building societies issue shares and raise up capital.
4. The subsidiary of a US group producing widely distributed consumer
goods needs a high calibre person to set up and run a Market
Development Team.
5. They present the repayment schedule in section three of the loan
agreement.
6. The money changer will give you the currency exchange rate for your
currency.
7. They have just opened a current account for us.
8. You must pay collection charges for international cheques.
9. To insure proper crediting, always indicate your account number.
10. The bank will require you to provide security as cover for the loan.
11. They asked John Smith to stand surety.
12. A central bank regulates the amount of credit available in the country.
13. The government may borrow money from the bank.
14. Commercial banks fill the short term needs of companies and
individuals.
15. Savings banks receive savings accounts and pay interest to depositors.
16. You must pay all the purchases in cash.
17. You will have to produce the receipt.
18. They have just opened branches in this region.
19. We will send the order by parcel post next Monday.
20. Retailers must study the market.
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Unit XI
Business firms going global
As world competition heats up, and as customs barriers are lowered or
dismantled, large firms which used to be dominant on their home market have
to face onslaught of foreign companies. To maintain their position and status,
they have to grow and reach a size comparable to their competitors, so as to
allow economies of scale. This can only be effected by making inroads into
foreign markets. In other words, for such firms, going global is a necessary
strategy.
Some companies will concentrate on their core business and try to expand it at
home and develop it abroad, by setting up foreign operations.
But economic circumstances do not always make this easy. Growth may also
be achieved through diversification and through combinations and alliances,
acquisitions, takeovers, joint-ventures, mergers or through franchising. This
implies one does not run afoul of anti-trust laws, as enforced by regional or
international watchdogs (regulatory agencies).
One thing is certain: to remain or become a key player in todays business
world implies operating abroad and dealing with foreign partners.
Many small and medium-sized firms also have to face world competitions and
adjust to it if they want to stay afloat. They may have to relocate a production
unit abroad to take advantage of lower labour costs, or they may resort to
outsourcing and order components from foreign manufacturers rather than
make them or have them made on the domestic market.
In any case, business firms, as they try to improve their competitiveness or to
stave off bankruptcy, have to achieve productivity gains through robotization,
restructuring, reengineering or downsizing, so as to becoming more
aggressive, leaner and meaner.
Such moves will of course result in local jobs being shed, and the assumption
that this will eventually be compensated for by job creations as the company
grows and its market widens is cold comfort to the workers who have been
laid off. The more so as large concerns are often accused of optimizing quick
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financial and speculative gains as against long term investments and stable
employment.
Business managers will argue that they have no choice and that this is the
price to pay to save the remaining jobs and be in a position to grow again
when the economy brightens up.
Globalization is here to stay and firms large and small must gear their strategy
to a changing world market, or fall by the wayside.
Vocabulary Practice
1. to heat up a se ncinge;
2. to expand a se dezvolta, a se extinde;
3. to achieve a obine, a realize;
4. to run a foul a intra n conflict;
5. to enforce a aplica (o lege), a pune n practic;
6. to operate a lucra, a opera;
7. to stay afloat a se menine la suprafa (pe linia de plutire);
8. to resort a recurge;
9. to stave off bankruptcy a evita falimentul;
10.assumption presupunere, supoziie;
11.eventually pn la urm;
12.to widen a (se) lrgi, a (se) mri;
13. comfort consolare;
14.to lay off a disponibiliza; a concedia;
15.concern concern (ntreprindere);
16.to gear a adapta;
17.to fall by the wayside a fi marginalizat;
Focus on grammar
THE CONDITIONAL CLAUSE
TYPE
MAIN
CLAUSE
TYPE I
Future
(open/probable I'll go on a trip
condition)
TYPE II
Present
"IF"
CLAUSE
Present
if I have
money.
Past tense
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(improbable/
hypothetical/
unreal
condition)
TYPE III
(impossible
condition)
Conditional
I would go on
a trip
I would accept
the invitation
Past
conditional
I would have
gone on a trip
if I had
money.
if I were
you.
Past
Perfect
if I had had
money.
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132
Unit XII
New economic sectors
All economic sectors have been influenced by the death of distance. But
special mention has to be made of several areas that have benefited most.
One of the greatest beneficiaries, in terms of revenue, power and job-creation,
is the field of infotainment (information and entertainment).
The information explosion and its consequences on the printed press, radio,
TV and telecommunications has resulted in the creation of vast commercial
empires. Articles can be read simultaneously in various countries, films can be
seen and music heard by millions of people, sports events can be followed as
and when they occur by a large part of the world population. The economic
and financial interests involved are such that cultural wars actually became
commercial or trade wars.
The multi-media industry, which thrives on such developments, constitutes at
the same time the underlying technology and the resulting field of activity,
with huge revenues in terms of hardware and software. No field of human
endeavour, form advanced research and intellectual pursuits to entertainment
and leisure, form data bases and CD ROMs to video games is beyond its
reach.
One of most spectacular booms is that in sports, which have now become big
business.
Thanks to extensive media-coverage, they generate huge advertising potential;
thanks to sponsoring, they are a favourite ground for corporate image building.
A significant part of the advertising expenditure of automobile and sportswear
firms goes into billboards on tracks and stadiums, and into TV ads related to
sports events.
Brands which have nothing to do with sports are also attracted by the exposure
granted to advertisements during matches and races that are beamed to
audiences of several million people.
In such a context, it is of course difficult to maintain the Olympic ideal of
amateur sports
However spots like jogging, hang-gliding, windsurfing, biking and games like
tennis or soccer are being practiced just for fun, as hobbies or spare time
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activities, by countless kids and adults. They provide a huge market for the
manufacturers and distributors of sportswear and sporting equipmentnot to
mention the contractors who are awarded construction contracts for marinas,
ski-lifts etc.
Tourism and travel have also enjoyed tremendous growth since World War II.
Tour operators, travel agencies and hotel chains offer a wide range of services
from luxury cruise and five-star hotels to low-prices charters and cheap
accommodations for more adventurous youths. In air travel, there is cut-throat
competition: airlines try to attract young travelers with no-frills economy
flights, and business people by offering frequent-flyer schemes which award
regular clients additional mileage.
Also to be mentioned is the sector of health maintenance and pharmaceuticals,
with the advances in medicine and surgery, the rise in life expectancy and the
prevailing concern with health care and fitness, together with the extensive
medical coverage provided by states and private firms in developed countries,
even though cradle to grave or womb to tomb welfare systems are being
criticized for their ever-increasing costs. This field has grown tremendously,
and appeals strongly to investors and private operators.
No wonder that pharmaceutical firms wage fierce battles to file new patents
whose worldwide exploitation may spell fortune for this or that research lab.
Vocabulary Practice
1. to thrive a prospera
2. endeavour stradanie, effort
3. expenditure cheltuiala
4. bilboard panou publicitar
5. exposure- prezentare
6. to beam a difuza
7. hang-gliding deltaplan
8. contractor antreprenor
9. to award a acorda/a decerna un premiu (aici, cu sens ironic)
10. cut-throat competition concurenta pe viata si pe moarte
11. no-frills redus la esential
12. scheme plan, sistem
13. mileage kilometraj
Focus on grammar
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Exercise 1. Conditional sentences Type II; put the verbs in brackets in the
correct tenses.
1. If I had a car I (travel) there all by myself.
2. If I (know) his address I (give) it to you.
3. More tourists (come) to this town if it had a better climate.
4. If I had more money I (buy) shares in that company.
5. If everyone (say) exactly what he thought, conversation would become
impossible.
6. If he knew that it was dangerous he (not come).
7. If you see somebody drowning, what you (do)?
8. If I (win) a big prize in a lottery I'd give up my job.
9. If I bought her everything she asked for I (be) ruined.
10. If you (have) a degree you could get a job easily.
11. We'd ask him to dinner more often if he (be) more amusing.
12. If I thought that I'd be any use I (offer) to help.
13. I (not go) there if I were you.
14. If you remove that screw the whole machine (fall) to pieces.
Exercise 2. Conditional sentences Type III; put the verbs in brackets into the
correct tenses.
1. If I had known that you were in hospital I (visit) you.
2. I shouldn't have come if they (not invite) me.
3. If he had asked you, you (accept)?
4. If you had shut the door the dog (not get) into the house.
5. If you had obeyed my instructions, this . (not happen).
6. If she had listened to my directions she (not turn) down the wrong
street.
7. If you (speak) more slowly he might have understood you.
8. If he had known the whole story he (not be) so angry.
9. If he had tried again I think that he (succeed).
10. If I realized that the traffic lights were red I (stop).
11. If you (be) here last week you would have seen my garden at its best.
12. If you had arrived ten minutes earlier you (get) a seat.
13. If ha had known that the river was dangerous he (not try) to swim
across it.
14. He would have been invited to the meeting if they (know) his address.
15. If I had realized that it was such a long way I (take) a taxi.
16. If they all had agreed, the Conference (take) place in Paris.
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Exercise 3. Conditional sentences, mixed types; put the verbs in brackets into
the correct tenses.
1. If you (find) a skeleton in the cellar don't mention it to anyone.
2. If you pass the examination we (have) a celebration.
3. If I press this button what (happen)?
4. I should have voted for him if I (have) a vote then.
5. If you go to Paris where you (stay)?
6. If someone offered to buy you one of these rings, which you
(choose)?
7. If the fog (get) thick the flight may be cancelled.
8. If I hear the burglar alarm what I (do)?
9. If you (read) the instructions carefully you wouldn't have answered the
wrong questions.
10. I could make the report myself if I (have) all the necessary information.
11. Unless they leave a lamp beside that hole in the road somebody (fall)
into it.
12. If he were in, he (answer) the phone.
13. Unless she finish university she (not find) a better-paid job.
14. The meeting would have been successful if all the members of the Board
of Directors (be) present.
Exercise 4. Finish these sentences, taking care to use the correct tenses.
1. If he had taken my advice ......
2. If the weather is fine tomorrow .....
3. He would have given him the news .....
4. I should have ordered the goods if .....
5. If the storm becomes worse ....
6. I would have bought myself a new car if .....
7. They would have got there in time if ....
8. If the volcano starts erupting ....
9. If he cut the grass more often ....
10. If you don't put enough stamps on this letter, the person who gets it ....
11. If you leave the gate open ....
12. He wouldn't have been angry if ....
13. She would buy that dress if ....
14. They would catch the 8 o'clock train if ....
15. If the phone rings when I'm out, my secretary ....
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Unit XIII
New trends in retailing
Among recent developments, let us mention:
Increased emphasis on customer loyalty
In order to generate customer loyalty, stores offer frequent-shopper
programmes which may take the form of discounts, couponing, loyalty cards
entitling to rebates, charge accounts allowing refunds
Hard discounting
Discount retailers (store discounters) undercut competition with low-priced
items (generic or no-name, no-brand, own-label, own-name, own-brand
products, distributors brand).
Hard discounters (maxi-discounters) practice hard-discounting and maintain
low overheads thanks to their no-frills service.
Some specialized chains (category killers) have managed to almost eliminate
competitors thanks to the know-how of their salespeople, and the economies
of scale they can achieve while offering a wide range of products at
competitive prices.
Many stores have to attract customers advertising the days bargain selecting
each day an article to be sold at bargain prices, or everyday low prices.
The appeal of low prices accounts for the success of factory outlets, where
buyers can benefit from discounts of up to 50%, and warehouse clubs in which
members (card-holders) can buy goods at approximately wholesale prices.
Direct marketing
It consists in targeting specific individuals identified as potential buyers
because of their age, income bracket or social status.
The use of this technique is made easier in the U.S. by the relative lack of
restrictions or the constitution of data-bases and customer files, complete with
the addresses and phone-numbers of those belonging to the selected target
group.
Vocabulary Practice
1. loyalty fidelitate, loialitate (a clientelei);
2. couponing promovare (a unui produs) prin cupoane de reducere;
3. to entitle a da dreptul;
4. charge account (US) cont al unui client ntr-un magazin;
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138
139
140
141
3. You take my advice: invite them to dinner before you start talking
business!
4. The manager said, "Now the first thing to settle is what to close. Now you
get a sheet of paper and write down, George, and you get the plan of the plant,
Michael".
Exercise 7. Read the following sentences paying attention to the use of the
Present Subjunctive indicating present unreality (action contrary to present
fact).
1. It's about time the new investor arrived.
2. It's about time the meeting started.
3. He wishes he had a brother. If only he were his brother.
4. If I had a plan of the city, I could show you the way to the Town Hall.
5. Even though he were present, they would not change their minds.
6. He hates secrets and he doesn't like to be treated as if he were a child.
Exercise 8. Make a choice. Use Would rather.
This evening you can:
1. stay at home or go out
I think I'd rather stay at home than go out this evening
2. eat at home or eat down town
3. read your favorite magazine or watch a talk show on TV
4. go dancing in a club or go swimming
5. date your girl-friend or meet your friends
6. do more homework or read a book
7. go for a walk or listen to some music
8. play chess or play tennis
9. go to the theatre or to a concert hall
10. give a party or go to a party
Exercise 9. Put the verbs in brackets in the right form.
MODEL: If Garret (look) in the drawer, he (find) the file.
If Garret looked in the drawer, he would find the file.
1. This report would be better if it (have) more information in it.
2. Do you think he (lend) me his car if I ask him nicely?
3. The secretary would hear you better if you ...(speak) louder.
4. If he were not so impatient he (be) better understood.
5. He would play tennis if he (have) time.
6. He (visit) Spain if he had more money.
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Exercise 10. Put the verbs in brackets into the right form. Use the Past
Subjunctive after Even if to express action contrary to past fact.
MODEL: Even if he (work) twice difficult I (not refuse) to do it.
Even if the work had been twice as difficult I wouldn't have refuse it.
1. Even if you (send) him a special invitation, he (not come) to the
meeting.
2. Even though the Browns (have) much money, they (not buy) this
extremely expensive car.
3. Even if I (write) to Dave, he (not get) the letter.
4. You hardly (believe) it even though you (see) it with your own Eyes.
5. We (come) back by all means even if it (be) late as midnight.
6. Even though the way (be) twice short we (miss) the train all the
same, for I got the schedule mixed up.
Exercise 11. Replace the verbs in brackets by the correct form: present or past
subjunctive.
1. Mrs. Brown wishes her husband (come) back earlier from his office.
He's always late for dinner.
2. It's high time the meeting (be) over.
3. Supposing he never (come). What would happen then?
4. He'd rather they (not mention) it to them just yet.
5. We all wished we (not close) these two sectors.
6. It's high time you (open) a current account to a bank.
7. I would have sent you a postcard from London if I (know) your
address.
8. They (help) you if you had asked them to.
9. She behaved as if she (be) the richest woman in the world.
10. I'd rather you (leave) the party immediately.
Exercise 12. Read the following sentences paying attention to the use of the
Analytical Subjunctive after:
a) it is/was necessary, advisable, essential, better, vital, important, right, fair,
natural, etc.;
b) it is/was strange, odd, surprising, amazing, annoying, ridiculous, absurd,
etc.;
c) suggest, propose, insist, recommend, command, demand, etc. d) intention,
idea, wish, desire, suggestion, proposal, demand, request, arrangement,
agreement, etc.;
e) lest, in case - in expressions of fear;
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f) in conditional sentences instead of the present tense (when the action in the
"if" clause is unlikely to occur);
e) in (negative) purpose clauses as an alternative to would/could.
1. It is important they should be present at the meeting.
2. It is essential that he should know the truth.
3. It is only fair that you should accompany the manager.
4. It is amazing that the Leaning Tower of Pisa should have stood for so long.
5. The president proposed that we should postpone our departure.
6. My desire was that he should leave off his office and go on a holiday.
7. Her desire is that her friend should accompany her during the trip.
8. The road was icy and the driver was terrified lest the car should slip and
have an accident.
9. If the phone should ring, please say that I'll be back at noon.
10. Should he come back, tell him I am out.
11. He wore a mask so that nobody should recognize him.
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Unit XIV
International trade
The growth of international trade
Protectionism and free trade
The majority of economists believe in the comparative cost principle, which
proposes that all nations will raise their living standards and real income if
they specialize in the production of those goods and services in which they
have the highest relative productivity. Nations may have an absolute or a
comparative advantage in producing goods and services because of factors of
production (notably raw materials), climate, division of labour, economies of
scale, and so forth.
This theory explains why there is international trade between North and South,
e.g. semiconductors going from the USA to Brazil, and coffee going in the
opposite direction. But it does not explain the fact that over 75% of the exports
of the advanced industrial countries go to the similar advanced nations, with
similar resources, wage rates and levels of technology, education, and capital.
It is more a historical accident than a result of natural resources that the US
leads in building aircrafts, semiconductors, computers and software, while
Germany makes luxury automobiles, machine tools and cameras.
However the economists who recommend free trade do not face elections
every four or five years. Democratic governments do, which often encourages
them to impose tariffs and quotas in order to protect what they see as tragic
industries - notably agriculture - without which the country would be in
danger if there was a war, as well as other jobs. Abandoning all sectors in
which a country does not have a comparative advantage is likely to lead to
structural unemployment in the short (and sometimes medium and long) term.
Other reasons for imposing tariffs include the following:
to make imports more expensive than home - produced substitutes,
and thereby reduce a balance of payments deficit;
as a protection against dumping (the selling of goods abroad at below
cost price in order to destroy or weaken competitors or to earn foreign
currency to pay for necessary imports);
to relate against restrictions imposed by other countries;
to protect 'infant industry' until they are large enough to achieve
economies of scale and strong enough to compete internationally.
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Vocabulary practice
autarky - the (impossible) situation in which a country is completely selfsufficient and has no foreign trade;
balance of payments - the difference between the amount of money coming
into a country from the goods and services it exports, and the amount of
money going out for the goods and services it imports;
balance of trade - the difference in value between the visible exports (goods
and services) and visible imports of a country;
barter or counter-trade - direct exchange of goods, without the use of money;
deficit - the amount by which expenditure is greater than income over a
particular period;
dumping - selling goods abroad at (or below) cost price;
invisible exports - services such as banking, insurance and tourism that are
sent from one country to another;
invisible imports - services such as banking, insurance and tourism that are
brought from other countries;
protectionism - imposing trade barriers in order to restrict imports;
quotas - quantitative limits on the import of particular products or
commodities;
surplus - an amount that is more than is needed;
tariffs - taxes charged on imports;
visible trade(GB) or merchandise trade (US) - trade in goods.
Reading
Read the text and answer the following questions.
1. Why do most economists oppose protectionism?
2. Why do most governments impose import tariffs and/or quotas?
3. Why were many developing countries for a long time opposed to GATT?
4. Why have many developing countries recently reduced protectionism and
increased their international trade?
Focus on grammar
THE INFINITIVE
I. Forms:
Form
Active Voice
Simple
Aspect/Continuous
Aspect
to offer/to be offering
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Passive Voice
to be offered
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who.
He made me laugh.
2. It is used with to
a) after verbs expressing mental activities: to think, to suppose, to imagine,
to consider, to expect, to know, to understand:
e.g. I expect him to ring me up.
b) after verbs expressing desire: to want, to like, to hate:
e.g. I want him to work better.
NOMINATIVE + INFINITIVE
It is used:
1. with the following verbs at the passive voice: to know, to say, to consider,
to believe, to think, to suppose, to expect, to hear.
e.g. Coleridge is considered to be a great poet.
2. with the following verbs at the Active Voice: to seem, to appear, to happen,
to prove, to turn out:
e.g. He proved to be a coward.
He seems to know her.
3. with the verb to be + one of the adjectives: sure, certain, likely, unlikely:
e.g. They are sure to come in time.
She is likely to be late.
THE GERUND
Uses:
1. after verbs which describe the stages of the action: to begin, to start, to
continue, to keep, to cease, to stop:
e.g. He kept laughing.
Stop talking!
2. after verbs which express mental activities: to forget, to remember, to fancy,
to imagine:
e.g. I remember posting the letter.
She forgot sending the invitations.
3. after verbs of attitude: to like, to dislike, to enjoy, to prefer, to hate:
e.g. I enjoyed meeting you.
4. after the verb mind, especially at the interrogative or negative form:
e.g. Would you mind opening the window?
I wouldn't mind walking.
The verb mind can be followed by a noun/pronoun/possessive adjective +
gerund:
e.g. Do you mind my smoking here?
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1. to travel
2. to listen
3. to dance
4. to run
5. to study
6. to swim
7. to write
8. to play
9. to rain
Exercise 7. Give the passive forms of the following infinitives (indefinite and
perfect):
1. to give
4. to write
2. to introduce 5. to choose
3. to forget
6. to elect
7. to appoint
8. to prove
9. to notice
Exercise 8. Use the appropriate form of the infinitive, in the active or passive
voice.
1. I hate (bother) you, but the man is still waiting (get) a definite
answer.
2. The man seemed (study) me, and I felt uneasy in his presence.
3. The strength of the metal proved (overestimate) by the designer.
4. The engineer claimed (warn) us against its use as he had always been
sure it was likely (deform).
5. She would never miss a chance (show) her efficiency; she was so
anxious (like) and (praise).
6. We seem (fly) over the sea for quite a time and there is yet no land
(see).
7. The file was believed (lose) until the secretary happened (find) it
during the inventory. It turned out (misplace).
8. The only sound (hear) was the ticking of old clock in the hall.
Exercise 9.Look at the main function of the infinitive:
Function
Subject
Direct object
Example
To be a student is a difficult job.
I have always liked to study
accountancy.
(Prepositional) object of a verb, Would you care to go for a walk?
adjective
I'm afraid to leave her alone.
Predicative
My goal is to get good marks.
Attribute
The thing to do is to work hard.
Adverbial
To be honest, I hate cold weather.
We came here to work.
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EVALUATION TESTS
TEST 1
I. Translate into English:
1. Cenzorii au verificat documentele contabile i au redactat procesul verbal al
controlului financiar.
2. Serviciul contabilitate lucreaz la un raport privind cheltuielile curente ale
companiei.
3. Dac costurile serviciilor ar fi fost determinate corect, afacerea ar fi fost
reuit.
4. Profitul a fost nesatisfctor anul trecut.
5. De obicei, trebuie s decidem foarte atent cum ne cheltuim veniturile.
6. Supraproducia poate duce la un excedent de pia.
7. Dac utilajele ar fi de calitate bun i nu foarte scumpe le-am putea
cumpra pentru noua secie de producie.
8. Dac ar fi vrut s evite falimentul ar fi trebuit s nchid cteva sectoare
neproductive.
9. Experii contabili au participat la un curs de pregtire recent.
10. Directorul de vnzri i civa poteniali cumprtori efectueaz o
tranzacie chiar acum.
II. Put the verbs in brackets in the correct tense:
1. He (just be fired) because of being late for work.
2. This month the price of this material (increase) 50 %.
3. They (work) on a method of calculating costs, but they (not come) to
a satisfactory result yet.
4. The marketer (work) on a market research, when the manager invited
him in his office.
5. They (send) the letters before the German investors came.
6. If I had known you were in trouble I (help) you.
7. Production (increase) in the last few months and this (lead) to salary
rises.
8. you (ever travel) to foreign countries? No, I (never travel)
abroad.
9. I would have sent you the invitation if I (know) your new address.
10. The auditors (check) the documents for two days and they (not
finish) yet.
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TEST 2
I. Translate into English:
1 . Aceste produse sunt depozitate de mai bine de trei saptamani i trebuie
vndute rapid pentru c sunt perisabile.
2. Firma noastra tocmai a ctigat o important sum de bani din vnzarea
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unor utilaje.
3. Dac costurile serviciilor ar fi fost determinate corect, afacerea ar fi fost
reuit.
4. Cenzorii au verificat documentele contabile i au redactat procesul
verbal al controlului financiar.
5. Documentele au fost expediate fr acordul angajatorului.
6. Comisia ar trebui s analizeze politica de stabilizare.
7. Solicitanii au venit la interviu fr s tie ceva despre cerinele slujbei
pe care o solicitau.
8. Putei retrage pn la $ 1,500 pe sptmna cu condiia ca soldul dvs.
s rmn creditor.
9. Caut dosarul cu balane de zece minute.
10. Fiind valoroase, documentele fuseser pstrate ntr- un seif nainte de a
fi expediate.
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This can result in serious difficulties for many producers, and may cause them
to go out of business completely. Over- production of any commodity can also
create difficulties, because it can lead to a glut on the market, which may
cause prices to fall sharply.
IV. Fill in the gaps with words from the list at the end of the text.
A market economy is based on private.........................in contrast to planned
economy where .........................ownership prevails. In a free market economy
efficiency is the key word, while on the other hand command economy likely
leads to ...............................In a free market economy inefficient businesses go
....................., whereas in a command economy businesses are
..............................., thus allowing them to survive in spite of their nonsatisfactory economic performance. This enables the latter type of economy to
resort to .........................., that is employing more personnel than actually
required. Market economy leads to high .......................of goods and services,
while on the hand planned economy will not focus on offering high quality
goods and services to ...................... This is due to the fact that in the latter
type of economy there is actually no ........................., as there are
state.......................... and therefore the options of customers are severely
restricted. On the other hand in a market economy companies
freely..................... for a larger market ......................, and are thus forced to be
efficient and employ.................according to real necessities and
.............................their resources with utmost care.
bankrupt;
manage;
competition;
customers;
state;
inefficiency;
quality;
monopolies;
overstaffing;
subsidized.
ownership;
compete;
share;
staff;
V. Turn the following sentences into passive ones and make the necessary
changes:
1. The manager had announced the subject of the meeting when I arrived.
2. Individuals own and operate the private sector.
3. The sales manager and some potential buyers are making a transaction
right now.
4. The auditors checked the files and wrote the minutes of the audit.
5. The accounting department was working on a report concerning the
current expenditures of the firm.
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TEST 3
A. Put each verb in brackets into a suitable past tense. Only use the past
perfect where this is absolutely necessary.
This time last year I (1).. (cycle) in the rain along a country road in
France with a friend of mine. We (2) (decide) to go on a cycling holiday
in Normandy. Neither of us (3).. (go) to France before, but we
(4)(know) some French from our time at school and we (5).
(manage) to brush up on the basics. Now we (6).. (wonder) if we
(7)(make) the right decision. We (8).(plan) our route carefully in
advance, but we (9).( forget) one important thing, the weather. It
(10) (rain) solidly since our arrival and that night we (11)..(end up)
sleeping in the waiting room at a railway station. Then the next morning as we
(12) (ride) down a steep hill my bike (13)..(skid) on the wet road and I
(14)(fall off). I (15)(realize) immediately that I (16).(break) my
arm, and after a visit to the local hospital I (17).(catch) the next train to
Calais for the ferry home. Unfortunately my parents (18).(not expect) me
home for a fortnight, and (19)..(go) away on holiday. So I (20).
(spend) a miserable couple of weeks alone, reading Teach Yourself French .
B. Give an end to each sentence:
1. If they had had more money,
2. If you find a skeleton in the cellar,
3. If Cindy Knew your address,..
4. If grandma had had some apples,
5. If Michael had been there,.
6. If Sandra had taken her umbrella,..
7. If anyone believed the story,
8. If I were you,..
9. If we had more spare time,..
10. If I had heard the weather forecast,.
C. Match the sentences a) to j) with the functional descriptions 1) to 10).
a) Would you like a cup of tea?
b) Excuse me, do you know what time the museum opens?
c) Actually, I think Id rather have a Chinese meal.
d) I know, we could walk along the river. How about that?
e) Sorry, but I wont do it.
f) That looks difficult. Shall I help you?
g) Excuse me, but do you think you could turn your music down a bit?
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Thanks to the e-mail, sending a document to the other end of the world only
costs the price of a local call between the subscriber and his/her Internet
service supplier. The price for the remaining distance is included in the
subscription fee.
TEST 4
A . Translate into English :
1. Pentru a v familiariza cu bunurile noastre v timitem astzi catalogul cu
modele.
2. Numele dumneavoastr ne-a fost dat de Camera Romn de Comer din
Bucureti.
3. Am aprecia dac ne-ai trimite cte o mostr din fiecare dintre articolele
nscrise mai sus.
4. Cu ce banc lucrai ?
5. Sunt necesare bune calificri pentru a obine aceast slujb
6. Vnzarile implic n general mult munc n ture.
7. Raportul statisticienilor nu se bazeaz pe cifre reale, aa c noi nu avem o
imagine clar a situaiei.
8. Facturile fuseser timise fr acordul angajatorului.
9. Acest om este membru al Consiliului de Administraie de trei ani.
10. Dorii s deschidei un cont curent la banca noatr ? Atunci v rugm s
completai aceast cerere tip.
B. Translate into Romanian:
The Bank of England is a Central Bank. One of the main functions of such
banks is the implementation of the monetary policy. This includes setting of
interest rates, ceilings and floors, in other words establishing maximum and
minimum lending rates. It controls the credit system and money supply and
thereby exerts an influence on decisions to spend, as well on such variables as
demand and output, because if money is tight people buy less and
consequently factories diminish their productive activities. This influences the
level of employment, because when production falls the number of staff
decreases, too.
The money supply is also influenced by the Bank of England by setting
reserve requirements to commercial banks, that is the latter have the obligation
of keeping a certain percent of their liquidity with the Central Bank at zero
interest. If the percentage required to be deposited with the Central Bank
increases money becomes scarce on the capital market.
The supervision of the commercial banks by the central bank signifies that the
latter checks that the former have enough liquidity at any time to meet their
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clients demands for withdrawals and in this way panic among depositors and
bank runs can be avoided.
C. Rephrase:
1. Wages were very law because of the unsatisfactory output.
If .
2. The costs of the services were not determined correctly so the business
proved to be unsuccessful.
If .
3. You wont get the sack unless you do something foolish.
If
4. After working all day, I found it rather difficult to go out for a walk.
I could hardly .
5. Good qualifications are necessary to get this job.
You have to .
D. Make up sentences with the compound adjectives in the list below:
- a narrow-minded partner ; a sharp-eyed person ; a quick- minded child ; a
long-legged young man ; an ill-tempered man.
TEST 5
A. Translate into English:
1. Dac i-ai deschide un cont curent la o banc ai primi un carnet de cecuri.
2. Aceste articole de mod se cer n timpul sezonului turistic.
3. Am vzut produsele dumneavoastr expuse la Trgul Internaional de la
Paris acum dou luni.
4. V rugm s ne trimitei cte o mostr din fiecare articol pe care l-ai
produs anul acesta.
5. Suntei amabil s ne trimitei catalogul i lista de preuri pentru articolele
nscrise mai jos.
6. Cererea pentru acest tip de main nu este mare, dar vnzrile anul acesta
vor depi 70%.
7. Ambasada Romn din Londra ne-a sftuit s lum legtura cu
dumneavoastr.
8 .V mulumim pentru afacerea pe care intenionati s o derulai cu noi i v
trimitem o list cu noile preuri.
9. Pentru a v familiariza cu bunurile noastre, v trimitem astzi catalogul
nostru.
10. Contul dumnneavoastr este descoperit cu suma de 1200 de dolari.
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The accession to the European Union due in 2007, Mr. Mugur Isarescu said,
will undoubtedly represent an important step forward but the process aims at
reducing the gaps will continue a long time after this event. The accession to
the Euro zone will represent a second step forward of great importance in this
process. In keeping with the current regulations, the Euro adoption cannot be
implemented earlier than two years after the accession to this process possible,
will not be implemented since the very first year after the integration into E.U.
As a matter of fact if the accession to the Euro zone is in itself a strategic
objective of great importance, the effective moment when this decision is
enforced, will have to be weighed with the greatest care to realize which, are
the advantages but also the restrictions involved by this approach.
TEST 7
A. Translate into English :
1. Nu am deschis niciodat un cont la o banc i m ntreb dac m-ai
putea ajuta.
2. A dori s obin o decoperire de cont de aproximativ 1.500 $ valabil
pn la data de 20 aprilie.
3. Dobnda pltit la contul curent este mai mic dect dobnda pltit la
contul la termen.
4. Bncile n-ar putea supravieui dac toi clienii ar alerga s-i scoat
depunerile.
5. Putei retrage pn la 1500 $ pe sptmn cu condiia c soldul
dumneavoastr s rmn creditor.
6. A dori s obin un mprumut de la banca comercial. Vrei s fii
girantul meu ?
7. Banca central regleaz fluxul de capital n interior i n afara rii.
8. Dac am fi o ar dezvoltat, am avea un sistem bancar i financiar
puternic.
B. Fill in the missing words:
The Bank of England is a . One of the functions of such banks is
the of monetary policy. This includes setting of ..
rates, .. and floors, in other words establishing maximum and
minimum lending rates. It controls the credit system and money .
and thereby exerts an influence on decisions to , as well as on
such variables as .... and ., because if money is tight
people buy less and consequently factories diminish their productive activities.
This influences the level of ., because when production falls the
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number of staff decreases, too. The money supply is also influenced by the
Bank of England by setting requirements to commercial banks,
that is the latter have the obligation of keeping a certain percent of their
liquidity with the Central Bank at zero .. If the percentage
required to be deposited with the Central Bank increases money becomes
. on the capital market.
ceilings; central bank; clients; demand; destroying; employment;
implementation; interest (2 times); lender of last resort; open
market; output; printing; reserve; runs; scarce; spend; supervision;
supply.
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(3) buys all the things we need to make our products. They talk to our
suppliers and try to get the best price.
This is the main factory area, the (4). Here we make our products. Its
the biggest part of the company.
Here in the (5) they check how much the company is making and decide
how much to spend. They also pay employees salaries.
This department looks after the people who work here. (6) is responsible
for recruiting new employees, organizing, training and helping with any
problems.
(7) is very important. The marketing people think up the ideas for
selling our products. The sales people go out and sell our products to our
customers.
(8) processes orders from customers. It organizes transportation, checks
that customers have received their orders and deals with complaints.
Finally, (9) is responsible for transporting our products. They receive
orders from customer services, and plan how and when to transport the
products so the customers receive them at the right time.
Distribution , sales and marketing, customer services, R&D, finance
department, human resources, information technology, purchasing,
production department.
C. Translate into English:
1. Aceast problem va fi trecut pe ordinea de zi a urmtoarei noastre
reuniuni.
2. Statutul precizeaz reglementrile interne.
3. Deintorii de obligaiuni convertibile au posibilitatea s le transforme
n aciuni.
4. Cunosc att operaiunile financiare pe termen scurt ct i pe cele pe
termen lung.
5. La ce reduceri fiscale avem dreptul?
6. ntocmim fiecare factur n trei exemplare.
7. V trimitem anexat extrasul de cont.
8. Bilanul contabil este un document detaliat, ntocmit la o anumit dat
i care ofer informaii despre situaia financiar i solvabilitatea
firmei.
D. Develop the following abbreviations:
G.N.P.; lb.; A.G.M.; GATT; mth. ; pls cfm;
H.P.; OPEC; ASAP; PA;
VAT; FTA; p.a.
NAFTA; EFTA; R&D
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TEST 9
A. Translate into English:
1. Firma noastr tocmai a ctigat o important sum de bani din
vnzarea unor utilaje.
2. Directorul de vnzri i civa poteniali cumprtori efectueaz o
tranzacie chiar acum.
3. Capitalul firmei tocmai a fost mrit.
4. De obicei trebuie s decidem foarte atent cum ne cheltuim
veniturile.
5. Banii nu au valoare n sine, ei servesc ca mijloc de schimb.
6. Furnizorii notri evit s menioneze termenul limit de livrare a
mrfurilor.
B. Put the verbs in brackets in the correct tense
7. I (make) a cake when the light went out. I had to finish it in the
dark.
8. On Sundays he always (wear) a bowler hat and (carry) an
umbrella.
9. He (hope) for a rise in salary for six months but he (not dare) to
ask for it yet.
10. How long you (drive)? I (drive) for ten years.
11. Ever since he came to us that man (try) to make trouble.
12. He (just be fired) because of being late for work.
13. You (ever travel) to foreign countries? No, I (never travel) abroad.
14. The workers (not get) their wages since April.
15. As I (cross) the road I (step) on a banana skin and (fall) heavily.
16. When I (hear) his knock I (go) to the door and (open) it, but I (not
recognize) him at first because I (not wear) my glasses.
C. Translate into Romanian
Managers have to identify and set the objectives for their company. They are
involved in long-term strategic planning, as well as in the drawing up of shortterm, tactical plans. Managers must organize the company, decide on
allocation and use of the companys resources. They select and train the staff
that should be able to suitably carry out the tasks of the organization. In the
implementation of their programme they must command, delegate, motivate
and communicate effectively with all the levels of their company. It has been
pointed out that good relations at work, among workers and between workers
and manage favourably influence output, the quality of work and motivation.
The feeling of belonging to a group has a positive impact on the behaviour of
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bonus s. prim;
bonus issue s. aciuni distribuite acionarilor n locul dividendului cuvenit;
bookkeeping s. eviden contabil;
book of prime entry s. registru contabil de eviden primar
boom s. perioad de avnt; nviorare;
boost vb. a spori;
bottom line s. marj final a profitului;
bottom out vb. a atinge punctul cel mai sczut;
bounce back vb. a-i reveni;
bracket s. categorie, interval (cu referire la venituri n vederea stabilirii
tranelor, procentelor de impozitare);
breakage s. riscul de spargere a obiectelor din sticl, porelan etc.;
budget s. buget;
budgetary adj.- bugetar;
budgeting control - control bugetar;
building society s.- tip de instituie financiar n Marea Britanie, specializat n
acordarea de credite pentru construcii;
bulk s. grmad, vrac; ncrctur;
bulky adj. voluminous;
bull s. operator care cumpr aciuni, anticipnd creterea preurilor;
bull market s. pia de valori unde se cumpr anticipndu-se creterea
preurilor;
burglary s. riscul de furt prin efracie;
busy adj. ocupat (despre linii telefonice);
buy out s. achiziionare de firme n vederea obinerii controlului lor.
C
cabinet s. - cabinet, comisie restrns;
calculation s.- calcul, calculare;
call s. convorbire telefonic;
cancel vb. a anula;
cancellation s. anulare;
capital market s. pia de capital;
cardboard s. carton;
cargo s. ncrctur, caric; marf n timpul transportului;
cargo boat s. cargou;
carriage s. transport;
carrier s. cru;
carton s. cutie din carton;
cash s. numerar;
cash book s. registru de cas, de ncasri;
176
177
178
179
180
181
182
183
184
185
186
187
188
Bibliography
1. Adam, J. H., Longman Dictionary of Business English, Harlow, Essex,
Longman 1982.
2. Adcock, D., Halborg, Al., Ross, C., Marketing , Principle & Practice,
Prentice Hall, 2001.
3. Andrei, L. et al., Episodes in Business English, Sedcom Libris, Iasi, 2003.
4. Barghiel, V. et al., Practice in English Grammar, ASE, 1998.
5. Chiriacescu, A. et al., Coresponden de afaceri n limbile romn si
englez, Teora, 1994.
6. Cotton, D., Keys to Management, Nelson, 1991.
189
190
Urmtorul tabel prezint verbele neregulate din limba englez. Unele dintre
acestea au dou variante de conjugare, regulat si neregulat. n acest caz,
varianta mai uzitat este trecut prima.
IRREGULAR VERBS
Infinitiv
Past Tense
arise
arose
arisen
191
a se ridica
awake
awoke
awaked
awoken
awaked
a se trezi
backslide
backslid
backslidden
backslid
a decdea
be
was / were
been
a fi
bear
bore
borne
born
a purta,a suporta
beat
beat
beaten
beat
a bate
become
became
become
a deveni
begin
began
begun
a ncepe
bend
bent
bent
a se ndoi
bet
bet
betted
bet
betted
a paria
bid
bid
bade
bid
bidden
a licita, a porunci
bind
bound
bound
a lega
bite
bit
bitten
a muca
bleed
bled
bled
a sngera
blow
blew
blown
a sufla, a bate
break
broke
broken
a sparge
breed
bred
bred
a crete, a educa
bring
brought
brought
a aduce
broadcast
broadcast
broadcasted
broadcast
broadcasted
a difuza
browbeat
browbeat
browbeaten
a intimida
192
browbeat
build
built
built
a construi
burn
burned
burnt
burned
burnt
a arde
burst
burst
burst
a izbucni, a nvli,
a crpa
bust
busted
bust
busted
bust
a rupe, a strica
buy
bought
bought
a cumpra
cast
cast
cast
a arunca
catch
caught
caught
a prinde
choose
chose
chosen
a alege
cling
clung
clung
a se agta
clothe
clothed
clad
clothed
clad
a (se) mbrca
come
came
come
a veni
cost
cost
cost
a costa
creep
crept
crept
a se tr, a se furia
cut
cut
cut
a tia
daydream
Day
dreamed
day
dreamt
daydreamed
daydreamt
a visa cu ochii
deschii
deal
dealt
dealt
a trata, a se ocupa
de
dig
dug
dug
a spa
193
disprove
Dis
proved
disproved
disproven
a infirma
dive
dived
dove
dived
a plonja
do
did
done
a face
draw
drew
drawn
a trage, a desena
dream
dreamed
dreamt
dreamed
dreamt
a visa
drink
drank
drunk
a bea
drive
drove
driven
a ofa, a mna
dwell
dwelt
dwelled
dwelt
dwelled
a locui
eat
ate
eaten
a mnca
fall
fell
fallen
a cdea
feed
fed
fed
a hrni
feel
felt
felt
a (se) simi
fight
fought
fought
a (se) lupta
find
found
found
a gsi
fit
fitted
fit
fitted
fit
a se potrivi
flee
fled
fled
a fugi, a se refugia
fling
flung
flung
a arunca
fly
flew
flown
a zbura
forbid
forbade
forbad
forbidden
a interzice
194
forecast
forecast
forecasted
forecast
forecasted
a prevedea
forego
Fore
went
foregone
a preceda
foresee
foresaw
foreseen
a prevedea
foretell
foretold
foretold
a prezice
forget
forgot
forgotten
a uita
forgive
forgave
forgiven
a ierta
forsake
forsook
forsaken
a prsi
freeze
froze
frozen
a nghea
frostbite
frostbit
frostbitten
a degera
get
got
gotten
a primi, a obine
give
gave
given
a da
go
went
gone
a merge
grind
ground
ground
a mcina
grow
grew
grown
a crete
hand-feed
hand-fed
hand-fed
a hrni cu mna
handwrite
Hand
wrote
handwritten
a scrie de mn
hang
hung
hung
a atrna,a spnzura
have
had
had
a avea
hear
heard
heard
a auzi
hew
hewed
hewn
hewed
a despica
hide
hid
hidden
a (se) ascunde
195
hit
hit
hit
a lovi
hold
held
held
a ine
hurt
hurt
hurt
a lovi, a rni, a
durea
inbreed
inbred
inbred
a procrea
inlay
inlaid
inlaid
a ncrusta
input
input
inputted
input
inputted
a introduce
interbreed
interbred
interbred
a ncrucia
jerry-build
jerry-built
jerry-built
a construi prost
keep
kept
kept
a ine, a pstra
kneel
knelt
kneeled
knelt
kneeled
a ngenunchia
knit
knitted
knit
knitted
knit
a tricota
know
knew
known
a ti, a cunoate
lay
laid
laid
a pune, a aeza
lead
led
led
a conduce
lean
leaned
leant
leaned
leant
a se apleca, a se
sprijini
leap
leaped
leapt
leaped
leapt
a sri
learn
learned
learnt
learned
learnt
a nva
leave
left
left
a pleca, a lsa
lend
lent
lent
a da cu mprumut
196
let
let
let
a lsa, a permite
lie
lay
lain
a zcea, a se afla
light
lit
lighted
lit
lighted
a aprinde
lip-read
lip-read
lip-read
a citi pe buze
lose
lost
lost
a pierde
make
made
made
a face
mean
meant
meant
a nsemna
meet
met
met
a (se) ntlni
miscast
miscast
miscast
a distribui ntr-un
rol nepotrivit
misdeal
misdealt
misdealt
a mpri crtile
greit
misdo
misdid
misdone
a face greit
mishear
misheard
misheard
a auzi greit
mislay
mislaid
mislaid
a pierde
mislead
misled
misled
a ndruma greit
mislearn
mislearned
mislearnt
mislearned
mislearnt
a nva greit
misread
misread
misread
a citi greit
misset
misset
misset
a aseza greit
misspeak
misspoke
misspoken
a se exprima greit
misspell
miss
pelled
misspelt
misspelled
misspelt
a ortografia greit
197
misspend
misspent
misspent
a risipi
mistake
mistook
mistaken
a grei
misteach
mistaught
mistaught
a instrui greit
misunder-stand
misunder-stood
misunder-stood
a ntelege greit
miswrite
miswrote
miswritten
a scrie greit
mow
mowed
mowed
mown
a cosi
offset
offset
offset
a compensa
outbid
outbid
outbid
outbreed
outbred
outbred
a ncrucia cu alt
varietate
outdo
outdid
outdone
a ntrece
outdraw
outdrew
outdrawn
outdrink
outdrank
outdrunk
outfight
outfought
outfought
outfly
outflew
outflown
a depi n zbor
outgrow
outgrew
outgrown
outleap
outleaped
outleapt
outleaped
outleapt
a depi n sritur
outride
outrode
outridden
a ntrece
outrun
outran
outrun
a ntrece
outsell
outsold
outsold
198
outshine
outshone
outshined
outshone
outshined
a eclipsa
outshoot
outshot
outshot
outsing
outsang
outsung
outsit
outsat
outsat
outsleep
outslept
outslept
outspeak
outspoke
outspoken
a vorbi tare
outspend
outspent
outspent
outthink
outthought
outthought
a fi mai detept ca
outthrow
outthrew
outthrown
outwrite
outwrote
outwritten
overbid
overbid
overbid
a supralicita
overbreed
overbred
overbred
a(se)
supranmul
overbuild
overbuilt
overbuilt
a (se) construi n
exces
overcome
overcame
overcome
a covri
overdo
overdid
overdone
a exagera
overdraw
overdrew
overdrawn
a depi
overdrink
overdrank
overdrunk
a bea n exces
overeat
overate
overeaten
a mnca n exces
overfeed
overfed
overfed
a (se) supra
alimenta
199
overhang
overhung
overhung
a atrna peste
overhear
overheard
overheard
a auzi din
ntmplare
overlay
overlaid
overlaid
a pune peste
overpay
overpaid
overpaid
override
overrode
overridden
a nclca
overrun
overran
overrun
a depi
oversee
oversaw
overseen
a supraveghea
oversell
oversold
oversold
a supraevalua
oversew
over
sewed
oversewn
oversewed
a coase marginile
mpreun
overshoot
overshot
overshot
a trece peste
oversleep
overslept
overslept
overspeak
over
spoke
over
spoken
overspend
overspent
overspent
overtake
overtook
overtaken
a depi
overthrow
overthrew
over
thrown
a rsturna
overwind
over
wound
overwound
overwrite
overwrote
over
written
a suprascrie
partake
partook
partaken
a mprti
pay
paid
paid
a plti
200
plead
pleaded
pled
pleaded
pled
a pleda
prepay
prepaid
prepaid
a plti n avans
presell
presold
presold
a vinde n avans
preset
preset
preset
a preconfigura
proofread
proofread
proofread
a corecta
prove
proved
proven
proved
a (se) dovedi
put
put
put
a pune
quick-freeze
quick-froze
quick-frozen
a nghea rapid
quit
quit
quitted
quit
quitted
a abandona
read
read
read
a citi
reawake
reawoke
reawaken
a se retrezi
rebuild
rebuilt
rebuilt
a reconstrui
recast
recast
recast
a remodela
recut
recut
recut
redo
redid
redone
a reface
redraw
redraw
redrawn
a retrasa
refit
refitted
refit
refitted
refit
a reutila
regrow
regrow
regrown
a recreste
rehear
reheard
reheard
a reaudia
relearn
relearned
relearned
a renvta
201
relearnt
relearnt
relight
relit
relighted
relit
relighted
a (se) reaprinde
remake
remade
remade
a reface
repay
repaid
repaid
a recompensa
reread
reread
reread
a reciti
rerun
reran
rerun
a relua
resell
resold
resold
a revinde
resend
resent
resent
a retrimite
reset
reset
reset
a reaeza
resew
resewed
resewn
resewed
a recoase
retake
retook
retaken
a relua
reteach
retaught
retaught
a reinstrui
retell
retold
retold
a repovesti
rethink
rethought
rethought
a regndi
retread
retread
retread
rewake
rewoke
rewaked
rewaken
rewaked
a (se) retrezi
rewed
rewed
rewedded
rewed
rewedded
a se recstori
rewin
rewon
rewon
a recstiga
rewind
rewound
rewound
a derula napoi
rewrite
rewrote
rewritten
a rescrie
rid
rid
rid
a scpa de, a se
202
descotorosi
ride
rode
ridden
a clri
ring
rang
rung
a suna
rise
rose
risen
a rsri, a se ridica
run
ran
run
a fugi
saw
sawed
sawn
sawed
a tia cu fierstrul
say
said
said
a spune
see
saw
seen
a vedea
seek
sought
sought
a cuta
sell
sold
sold
a vinde
send
sent
sent
a trimite
set
set
set
a pune
sew
sewed
sewn
sewed
a coase
shake
shook
shaken
a scutura, a tremura
shave
shaved
shaved
shaven
a (se) rade
shear
sheared
sheared
shorn
a tunde oi
shed
shed
shed
a vrsa (lacrimi,
snge)
shine
shone
shined
shone
shined
a strluci
shoe
shod
shod
a potcovi
203
shoot
shot
shot
a mpusca
show
showed
shown
a arta
shrink
shrank
shrunk
a se strnge, a se
scoroji
shut
shut
shut
a nchide
sight-read
sight-read
sight-read
a citi la prima
vedere
sing
sang
sung
a cnta
sink
sank
sunk
a (se) scufunda
sit
sat
sat
a sedea
slay
slew
slayed
slain
slayed
a ucide
sleep
slept
slept
a dormi
slide
slid
slid
a aluneca
sling
slung
slung
a arunca
slink
slunk
slunk
a se furisa
slit
slit
slit
a (se) crpa
smell
smelled
smelt
smelled
smelt
a mirosi
sneak
sneaked
snuck
sneaked
snuck
a se furisa
sow
sowed
sown
sowed
a semna
speak
spoke
spoken
a vorbi
speed
sped
speeded
sped
speeded
a grbi, a accelera
204
spell
spelled
spelt
spelled
spelt
a ortografia
spellbind
spellbound
spellbound
a fermeca
spend
spent
spent
a cheltui, a petrece
spill
spilled
spilt
spilled
spilt
a vrsa
spin
spun
spun
a toarce
spit
spat
spit
spat
spit
a scuipa
split
split
split
a despica
spoil
spoiled
spolit
spoiled
spoilt
a rsfa
spoon-feed
spoon-fed
spoon-fed
a hrni cu lingurita
spread
spread
spread
a (se) ntinde
spring
sprang
sprung
sprung
a izvor, a sri
stand
stood
stood
a sta (n picioare)
steal
stole
stolen
a fura, a se furia
stick
stuck
stuck
a lipi
sting
stung
stung
a nepa
stink
stunk
stank
stunk
a mirosi urt
strew
strewed
strewn
strewed
a presra
stride
strode
stridden
a merge cu pasi
mari
205
strike
struck
struck
stricken
a lovi
string
strung
strung
a nira (pe o a)
strive
strove
strived
striven
strived
a nzui
sublet
sublet
sublet
a subnchiria
sunburn
sunburned
sunburnt
sunburned
sunburnt
a se arde de soare
swear
swore
sworn
a jura, a njura
sweat
sweat
sweated
sweat
sweated
a transpira
sweep
swept
swept
a mtura
swell
swelled
swollen
swelled
a se umfla
swim
swam
swum
a nota
swing
swung
swung
a legna
take
took
taken
a lua
teach
taught
taught
a nva, a preda
tear
tore
torn
a rupe, a sfia
telecast
telecast
telecast
a teledifuza
tell
told
told
a spune, a povesti
test-drive
test-drove
test-driven
a testa o main
test-fly
test-flew
test-flown
a testa un avion
think
thought
thought
a (se) gndi
thrive
throve
thriven
a prospera
206
throw
threw
thrown
a arunca
thrust
thrust
thrust
a nfige
tread
trod
trodden
trod
a clca
typecast
typecast
typecast
a distribui ntr-un
rol tipic
typeset
typeset
typeset
a culege pentru
tipar
typewrite
typewrote
type
written
a dactilografia
unbend
unbent
unbent
a (se) dezdoi
unbind
unbound
unbound
a dezlega
unclothe
unclothed
clad
unclothed
clad
a (se) dezbrca
underbid
underbid
underbid
undercut
undercut
undercut
a submina
underfeed
underfed
underfed
a subalimenta
undergo
under
went
undergone
a trece prin
underlie
underlay
underlain
a sta la baza
undersell
undersold
undersold
underspend
underspent
underspent
understand
understood
understood
a nelege
undertake
undertook
undertaken
a lua asupra sa
207
underwrite
underwrote
underwritten
a subscrie
undo
undid
undone
a anula
unfreeze
unfroze
unfrozen
a dezghea
unhide
unhid
unhidden
unlearn
unlearned
unlearnt
unlearned
unlearnt
a dezva
unsew
unsewed
unsewn
unsewed
a descoase
unwind
unwound
unwound
a desfura
uphold
upheld
upheld
a susine
upset
upset
upset
a tulbura
wake
woke
waked
woken
waked
a se trezi
waylay
waylaid
waylaid
a acosta
wear
wore
worn
a purta
weave
wove
weaved
woven
weaved
a tese
wed
wed
wedded
wed
wedded
a (se) cununa
weep
wept
wept
a plnge
wet
wet
wetted
wet
wetted
a uda
win
won
won
a ctiga
wind
wound
wound
a rsuci
withdraw
withdrew
withdrawn
a (se) retrage
208
withhold
withheld
withheld
a reine
withstand
withstood
withstood
a rezista la
wring
wrung
wrung
a stoarce
write
wrote
written
a scrie
209