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In Bangladesh in the 1970s banks (26) ______ such high interest rates on loans that the poorest members of society were unable to escape their situation in life. Local economist Professor Muhammad Yunus was doing (27) ______ research into poverty at the time. He (28) ______ this problem and was determined to find a solution. He decided to give small loans with reasonable interest rates to poor entrepreneurs to help them start their own businesses. His first loan was to 42 Bangladeshi village woman. The (29) ______ was a great success, with the women making a small profit from their businesses.
(30) ______, he went on to found and manage Grameen Bank, an institution which
(31) _______ on the same principle of micro-financing. (32) _______ 2006 he was awarded a Nobel Peace prize for his work in reducing poverty.
The title ‘social entrepreneur’ (33)_______ to people like Yunus. While a traditional entrepreneur sees a gap in the market to use his or her business skills to make a profit, a social entrepreneur sees a social problem and (34) ______ the same skills to make a change to benefit society. Social entrepreneurs create new ways to deal (35) ________ old problems. They are able to influence a circle of people around them in order to bring significant change. (36) ________ social entrepreneurs (37) ______ today in the fields of economics, healthcare and the environment. They have many of the same characteristics as successful business entrepreneurs. Their (38) ______ gives them the determination to tackle big problems which others might ignore. Their creativity means they are able to think of solutions that others wouldn’t. Their (39) ______ drives them to work incredibly (40) ______ to achieve their goals. While turning a profit may be part of the process of their work, they are ultimately motivated to benefit other people, not themselves.
26 A have charged B charge C were charging
27 A some B a C any
28 A saw B seen C was seeing
29 A process B product C project
30 A However B Unfortunately C After that
31 A organizes B operates C orders
32 A At B In C On
33 A is given B gives C used to give
34 A using B use C uses
35 A with B about C in
36 A Any B Many C Much
37 A are working B used to work C worked
38 A ambition B ambitious C adventure
39 A dedication B dedicated C dishonesty
40 A hardly B hard C harder
Task 4 / Recording 1.45
5 points
Listen to the first part of a podcast about the cosmetics producer Estée Lauder. Complete the notes with one or two words.
The early years Estée Lauder was influenced by her (1) …………………., a chemist.
The company She founded the Estée Lauder Company with her (2) …………………. in the 1940s.
Estée Lauder’s characteristics
A combination of (3) …………………. and stubbornness. She was also a
(4) …………………., who was the first sales person to give away free product samples.
The Estée Lauder company today Most of the stock is held by Lauder family members.
One of Estée Lauder’s (3) …………………. heads the company.
Task 3 / Recording 1.33
Listen to Andrea Livingstone giving a lecture on the history of the organization of work in the UK.
For each question choose the correct answer, A, B or C.
1 In the domestic system, a typical family
A farmed and also made clothes.
B sold materials and also worked on farms.
C farmed and also made food products.
2 In the second stage, most people worked
A in a workshop. B at home. C in a shop.
3The advantage for workers in the second stage was that
A they didn’t need to buy supplies.
B they made more money.
C they kept all the profits when the products were sold.
4 People in the eighteenth century didn’t have machines in their homes because they were
A too expensive. B too dangerous. C too big.
5The need for humans in factories these days is reduced because of advanced
A technology. B robots. C systems.
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