- •Рецензенты:
- •Unit 1. Accounting and financial statements
- •1. Match the terms with the definitions.
- •2. T 1 Listen to Sarah Brandston, an accountant in New York, talking about bookkeeping and tax accounting. Then answer the following questions.
- •4. Insert the words in the box in 3 in the gaps in the text. Accounting and financial statements
- •Vocabulary
- •5. Complete the following sentences.
- •6. Answer the following questions.
- •1. Match these terms with the definitions below.
- •2. Discuss the questions.
- •Types of Bank
- •8. Speak on accounting and financial statements. Unit 2. Banking
- •Vocabulary
- •3. Find the words or expressions in the text which mean the following.
- •4. Match the verbs and nouns below to make common collocations from the text.
- •6. Speak on types of bank. Unit 3. Stocks and shares
- •1. Discussion.
- •2. Read the following text and answer the questions.
- •Companies
- •Vocabulary
- •3. Write questions that could produce the following answers.
- •4. Find the words in the text which mean the following.
- •6. Match the following words and definitions.
- •7. There is a logical connection among three of the four words in each of the following groups. Which is the odd one out, and why?
- •8. Speak on companies. Unit 4. Bonds
- •1. In Tom Wolfe's novel, The Bonfire of the Vanities, Sherman McCoy is a bond dealer in New York. One weekend his six-year-old daughter comes up with a question.
- •2. Can you explain what bonds are - to an adult rather than a six-year-old? If not, listen to Richard Mahoney, a Vice-President with j.P. Morgan and Co. In New York.
- •3. Match the words and phrases.
- •4. Discuss the following questions.
- •5. Read the text below and answer the following questions.
- •Vocabulary
- •6. In each case, which of the three statements is true?
- •7. Match the expressions with the definitions.
- •8. T 3 Listen to Richard Mahoney again, defining three different types of bonds. After listening to the definitions, try to work out:
- •9. Speak on bonds. Unit 5. Futures and derivatives
- •1. Match the words with the definitions.
- •2. Select ten or eleven of the following words that you would expect to find in a text about futures and options.
- •3. Read the text, and see if you find the words you selected. Futures, options and swaps
- •Vocabulary
- •4. Complete the following sentences.
- •5. Find words in the text that are in an obvious sense the opposite of the terms below.
- •7. T 5 Read the following extract from the talk while listening to the second part, and then match up the expressions in italics with the definitions or synonyms below.
- •8. T 6 Listen to the third part of the talk and answer these questions.
- •9. Discuss the questions.
- •Unit 6. Market structure and competition
- •Market leaders, challengers and followers
- •Vocabulary
- •3. Find words in the text which mean the following.
- •4. Match up these words with the definitions below.
- •5. Classify the following markets according to whether you think they are example of the following.
- •6. Speak on market leaders, challengers and followers. Unit 7. Takeovers, mergers and buyouts
- •1. Match up these words with the definitions below.
- •2. You will hear Max Pocock, a director of the international corporation Leica, talking about how it was formed.
- •3. T 8 Listen to the second part of the interview and answer the following questions.
- •4. Read the following text and underline the arguments in favour of leveraged buyouts. Leveraged buyouts
- •Vocabulary
- •7. Speak on leveraged buyouts. Contents
- •Коваль Оксана Ивановна
5. Classify the following markets according to whether you think they are example of the following.
a dominant-firm oligopoly monopolistic competition a monopoly a monopsony an oligopoly perfect competition
1 arms and weapons systems
2 cars (automobiles)
3 wheat
4 confectionery (chocolate bars)
5 mainframe computers 6 rail transport
6. Speak on market leaders, challengers and followers. Unit 7. Takeovers, mergers and buyouts
1. Match up these words with the definitions below.
backward integration, to diversify (diversification), forward integration, horizontal integration, to innovate (innovation,) to merge (a merger), a raid, synergy, a takeover bid, vertical integration
1 designing new products and bringing them to the market
2 to expand into new fields
3 to unite, combine, amalgamate, integrate or join together
4 buying another company's shares on the stock exchange, hoping to persuade enough other shareholders to sell to take control of the company
5 a public offer to a company's shareholders to buy their shares, at a particular price during a particular period, so as to acquire a company
6 to merge with or take over other firms producing the same type of goods or services
7 joining with firms in other stages of the production or sale of a product
8 a merger with or the acquisition of one's suppliers
9 a merger with or the acquisition of one's marketing outlets
10 combined production that is greater than the sum of the separate parts
2. You will hear Max Pocock, a director of the international corporation Leica, talking about how it was formed.
T 7 Listen to the first part of the interview, in which Max Pocock talks about the history of Cambridge Instruments, and number the following stages in the order in which they happened.
The company |
Number |
A became insufficiently profitable. |
............. |
В developed and manufactured high-tech products. |
............. |
С expanded very quickly. |
............. |
D joined together with a German company. |
............. |
E manufactured instruments for Cambridge University. |
............. |
F was privatized. |
............. |
G was nationalized. |
............. |
3. T 8 Listen to the second part of the interview and answer the following questions.
1. What reasons does Max Pocock give for describing the merger of Cambridge Instruments and Wild-Leitz as 'very much a partnership of two equals'?
2. What does he say was the purpose of the merger?
3. What four reasons does he give for describing the creation of Leica as a success?