( Bull market, cash cow, output, money spinner, a loss leader, bear market, capacity)

Ex.3. Match the two columns and translate the sentences below.

Ostrich strategy/politics - ignoring or evading an obvious problem

Red tape - official rules and bureaucratic paperwork

Talk shop - talk about your work or business in a social situation

Sleeping /silent partner - a person who invests money in a business without taking an active part in its management

Take the floor- rise to make a speech or presentation.

Take a nosedive - drop or decrease in value very rapidly.

Win-win - proposition where both or all parties benefit from the outcome.

1. Adopting an ostrich strategy will only make matters worse - we've got to find a solution! 2. He works alone, but his business is partly financed by a sleeping partner. 3. There were smiles all round when the contract was signed - it was a win-win situation. 4. If there wasn't so much red tape, the company would be up and running already. 5. The stock market took a nosedive when the property market began sinking. 6. I never go out with my colleagues because we inevitably end up talking shop. 6. When I take the floor, my speech will be short, he said.

Ex.4. Match these types of wrongdoings to their definitions.

1.bribery a.making false documents, banknotes, etc.

2.embezzlement b.illegally giving someone money so that they

3.forgery (fake) act in your favour

4.fraud, racket or scam d. fixing the price of something illegally

5.market rigging e.illegally taking money from your company

6. money laundering f. disguising the criminal origin of money

Ex. 5. What do you think the following sayings mean? Do you agree with them?

Time is money.

Money is the root of all evil.

A fool and his money are soon parted.

Money can’t buy your love.

Love does much, but money does more.

Neither a borrower nor a lender be… .

Money talks they say. All it ever said to me was Goodbye…

Unit 7

Text 1. Discuss the text below

Time Management With Eagles, Robins, Turkeys

If you have a bad apple on your team, is it better to try and salvage the person or just get rid of that person?

Clearly, if the person can do the job and just isn’t goofing off, you want to put some energy into coaching that individual to improve his or her performance. Others think it’s their job, as supervisor, to try to “save” everyone – hoping that they will become  better performers.  But is that wise?

Not according to a successful CEO of a health care company. “The top commodity a manager has is his or her time. And if you waste too much of it on a lost cause, you’re turning yourself into overhead – costing the company money rather than a profit center – contributing to the profitability of the organization.”

How Do You Spend Your Time?

He suggests dividing your employees into three categories and then look at where you spend the majority of your time and resources. Is it with the:

• Eagles: Top performers who fly and soar?

• Robins: Those who come to work and get the job done, but who don’t rise to the top?

• Turkeys: They need to get better – or else?