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Building your vocabulary. A.These are the 15 key vocabulary words for this chapter

B. On a personal note | The Basic Principles of Capitalism | Stocks and Bonds | The Cashless Society | Recent Trends in Business | Building your vocabulary | Understanding idioms and expressions | B. On a personal note | The Role of Labor Unions | Protection for the American Worker |


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  1. A) Translate the following passage from English into Russian paying attention to business vocabulary.
  2. Active Vocabulary
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A. These are the 15 key vocabulary words for this chapter. They are boldfaced in the reading. Pronounce these words after your teacher and discuss their meaning.

 

abuse eligible retire

automation negotiate security

benefit optional strike

deduct picket union

dues promotion volunteer

 

B. Complete these sentences with some of the key vocabulary words. Make the nouns plural if necessary.

 

1. Labor ___________ are organized groups of workers who do the same type

of work or who work in the same industry.

2. Many past __________ of labor and management are now illegal because

the federal government passed laws against them.

3. Union representatives often _______ with employers (management)

and try, through compromise, to write a contract that satisfies both sides. This process is called collective bargaining.

4. Striking workers often _______ their employers, carrying signs

expressing their complaints.

5. _______ are people who work for no pay.

6. Many Americans _________ at age 65 and receive a pension.

7. Social ___________ provides disability protection and a pension after

retirement.

8. Employers __________ Social Security payments from an employee's pay.

 

C. Match each word in column 1 with its definition in column 2 by writing the correct numbers on the lines.

 

1. employees ___ individuals, businesses, or institutions that hire workers

2. employers ___ workers who have a boss

3. self-employed ___ work; a job

4. unemployed ___ people who own their own businesses

5. employment ___ not working

 

D. Which pairs are synonyms (words having similar meaning) and which are antonyms (words having opposite meanings)? Write S for synonym or A for antonym after each pair.

 

1. optional; required __

2. hired; laid off or fired __

3. security; freedom from danger or risk __

4. prohibit; allow __

5. labor; management __

6. negotiate; bargain __

7. decline; decrease __

8. pension; retirement pay __

9. volunteer; paid worker __

10. deduct; add __


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