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TEXT 4: WHAT IS BUSINESS?
- A trade or profession – for example, ‘What business are you in?’
- The purpose and sale of goods and services – for example, ‘Smith and I do business together’
- A commercial or industrial establishment – for example, ‘This business employs 400 people’
- Volume of commercial activity – for example ‘Business is good at the moment’
- Commercial policy – for example, ‘Overcharging customers is bad business’
Business is the production, buying, and selling of goods and services. A business, company, or firm is an organization that sells goods and services.
Business study is not a single subject with its own body of knowledge. Rather, it is a blend of many specialist subjects. Economics is the basis of business studies and provides a firm foundation upon which to build. Money (as represented by finance and accounting) is the language of business, and needs to be controlled and keep secure. Laws control business and protect society from its worst excesses. Communication is a life-blood of business. Mathematics and statistics are the key to understanding, describing, and solving many of the problems faced by businesses. We do not need to study each of these. We need a working knowledge of each and to understand the interaction of each of them with the others. If any one of these activities turns up a problem, it will affect all others.
14. So, do not forget to write out the terms. They are ………………………..………
WE BELONG TO THE FAMILY
1. Find words in B to make pairs with the words in A.
| A a) aunt b) daughter c) mother d) niece e) sister f) wife | B ... brother ... father ... husband ... nephew ... son ... uncle |
2. Put ‘a’, ‘the’, or nothing into the gaps.
Mr. and Mrs. Forrester have … son and … daughter. … son lives at … home and … daughter is … student at … university. Mr. Forrester is … journalist. He works for ‘… Times’. He writes … articles about restaurants. ‘I love … food!’ he says.
3. Complete this conversation with questions beginning with 'What does/do’ or ‘Does/Do’.
A: What does your wife do?
B: My wife runs (manages) a hotel.
A:...?
B: My children are still in college.
A:...?
B: My daughter studies computers.
A:...?
B: Yes, my sons live in the dormitory.
A:...?
B: My parents are both retired.
A:...?
B: No, my parents don’t live with us. They have their own home.
A:...?
B: No, my wife doesn’t speak English. She speaks Russian.
4. Arrange these words in the correct order to make sentences.
a) do on you what usually Saturday do?
b) usually up don’t we early get.
c) often morning go in we the downtown.
d) class always to English go I my.
e) my gym to goes the sometimes wife.
f) meet for always we lunch.
g) we shopping often the do the afternoon in.
h) go night on never we out Saturday.
5. Complete this conversation with the correct words.
A: What time do you get up... the morning? (in/on/at)
B: I always get up... six o’clock and jog for an hour. (on/in/around) How about you?
A: Well, I usually wake up... seven and watch TV in bed until ten. (for/from/at)
A: Oh, really? When do you go... work? (to/at/in)
B: Twelve o’clock. I work... the afternoon. (on/at/in)
A: What do you usually do... your day off? (in/at/on)
B: I play basketball... the afternoon with some friends. (in/on/at) How about you?
A: Oh, I usually go... the gym and work out. (for/to/at).
6. Write about Chuck’s week. Use the correct form of each verb.
MONDAY: watch the football game on TV
TUESDAY: play tennis after work
WEDNESDAY: stay home and study
THURSDAY: do the laundry in the morning
FRIDAY: go to the gym at 5 pm
SATURDAY: invite friends over for dinner
SUNDAY: work on the car
7. Write about yourself. Use these phrases
I... every day. I... about once a week. I... about twice a month. I... three times a... I don’t.... very much. I don’t... very often. I never....
Ex.: I never cook for myself.
a) Write letters.
b) Eat out.
c) Play sports.
d) See a movie.
e) Watch TV.
f) Clean my room.
g) Listen to the radio.
h) Cook for myself.
i) Go shopping.
8. Read the text and do the exercise below.
TEXT 5: PARANTS & SISTERS
A holding or holding company is one that holds stakes in one or more subsidiaries. If it owns all the shares in a subsidiary, the subsidiary is a wholly-owned one.
A holding company’s relationship to its subsidiaries is that of parent company, and the subsidiaries’ relationship to each other is that of sister companies. A holding and its subsidiaries form a group.
A conglomerate is a group containing a lot of different companies in different businesses.
9. Which key word in this section is missing, in its plural form, from all these extracts?
a) But Daimler’s aerospace …, now called Deutsche Aerospace, want to take
b) Information should flow up the overseas …, to the parent; decisions would be decentralized
c) Sun is still trying to work out how to get these … to work independently but co-operatively.
d) Take a multinational company, give it 30 …, a staff of 50,000 and a budget for its main unit
e) The use of offshore …, complicates things further.
f) He expects the group’s … will continue to be managed largely by locals
g) South African style, it also owns large stakes in … outside mining, which are worth another 9 billion
10. Translate the text using a dictionary, remember the terms you mastered before and add new ones to them.
TEXT 6: CLASSIFYING BUSINESS
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