- •Пензенский государственный университет economics
- •Пенза 2005
- •Glossary
- •Introduction
- •Exercises
- •Text 2 Entrepreneurs
- •Exercises
- •Text 3 The Elements of Risks
- •Exercises
- •Discussion
- •Unit II. Small-scale business Glossary
- •1. Translate the following derivatives paying attention to the suffixes:
- •Text 1 The Sole Proprietorship
- •Exercises
- •Text 2 Limitations to the Size of Proprietorship (1)
- •Exercises
- •Text 3 Limitations to the Size of Proprietorship (2)
- •Exercises
- •Text 4 The Partnership
- •Exercises
- •Discussion
- •Unit III. Large-Scale Business Glossary
- •1. Choose several principles to arrange the words into groups.Translate the words:
- •Text 1 The Corporation
- •Exercises
- •3. Give derivatives of the following words and translate them:
- •Text 2. Organization of the Corporation
- •Exercises
- •3. Give derivatives of the following words and translate them:
- •Text 3. Organization of the Corporation II
- •Exercises
- •Unit IV. Securities and the Organization of the Corporation Glossary
- •Text 1. Organization of the Corporation III
- •Exercises
- •Text 2. Bonds
- •Exercises
- •Text 3. Leverage
- •Discussion
- •Unit V. Financial Aspects of Corporation Glossary
- •Text 1. Corporate Finance
- •Exercises
- •Text 2. The Securities and Exchange Commission
- •Exercises
- •Text 3. Concentration of Control
- •Exercises
- •Text 4. Management Control
- •Exercises
- •Discussion
- •Unit VI. Evaluating Performance of the Firm Glossary
- •Text 1 The Balance Sheet
- •Exercises
- •Text 2 The Income Statement
- •Exercises
- •Discussion
- •Unit VII. The Importance of the Corporation Glossary
- •Text 1 The Number of Corporations
- •The Size of Corporations
- •Exercises
- •Text 2 Size of Firm Vs. Size of Plant
- •Exercises
- •Text 3 Specialized Management
- •Exercises
- •Text 4 Other Reasons for Larger Firms
- •Exercises
- •Discussion
- •Review tasks
- •Literature
- •Contents
Discussion
Memorize the word-combination to use them in the discussion:
to operate a plant, to do business, to be in keeping with requirements, to resolve problems, to take advantage of smth., to exceed a size, to evaluate fines, to use equipment, to employ specialized workers, to achieve production economy, to put limits, to keep track of smth., to keep in (constant) touch, to waste resources, to specialize management, to put (the decision) into effect, to bring out a new product, to get service, to employ advertising, to raise capital, to enjoy advantage.
Prove economic importance of big corporations.
2. Do you agree with the author's reasons for large firms?
Review tasks
1. Do you agree that "an effective partnership is one in which the partners always agree on all matters related to the business"? Explain your point of view.
2. Before the Civil War corporations were rare in the U.S. For example, records show that in 1860 not one of the nearly 100 manufacturing firms in the industrial city of Pittsburgh was incorporated.
Today, corporations constitute nearly 50 percent of all U.S. manufacturing firms and are responsible for 98 percent of sales. How can you explain it?
3. A corporation's board of directors is supposed to represent the interests of the shareholders. The chief executive officer (CEO) is often a member of the board, perhaps its chairperson. Furthermore, members of the CEO's top management team are often inside directors. Is there any conflict of interest here?
4. Contrast advantages and disadvantages of corporations (sole proprietorships, partnerships).
Literature
1. Банкевич Л. В. Тестирование лексики иностранного языка. М.: Высшая школа, 1981. — 111.
2. Белобородова М.Л., Кондрашина Т.Н. Английский для экономистов (сборник упражнений): Методические указания — Пенза: Изд-во ПГУ, 1999. — 78 с.
3. Рапопорт И. А. Общие требования к тестам по иностранным языкам. — В кн.: Проблемы контроля при обучении иностранным языкам в вузе (языковые тесты: теория и практика). Таганрог, 1972. — С. 17—23.
4. Якушева И. В. Английский для экономистов. Пенза. Изд-во ПГТУ, 1994. — 60 с.
Contents