Exercise 3. Insert the correct word from the list

Exercise 2. Ask ten questions on the text.

Exercise 1. Answer the questions.

1. What is finance?

2. Where does finance have its origin?

3. What are the basic elements of financial system?

Goods, elements, accountants, not-for-profit, finance, capital, goal, art, investment, field, institutions, business, funds.

1. The …… of finance affects the lives of every person.

2. People go into ……to earn money.

3. Without sufficient …… nobody can start business.

4. The money needed to start a business is called …….

5. We can call inventories, equipment, buildings, and property an ……of cap­ital in the business.

6. We can call finance the …… and science of managing money.

7. …… has its origin in the fields of economics and accounting.

8. …… record revenues, expenses, and profitability.

9. Financial markets, institutions or intermediaries, and business fi­nancial management are basic …… of well-developed financial sys­tems.

10. Financial …… such as banks and insurance companies facilitate the flow of funds from savers to bor­rowers.

11. Business financial management involves the efficient use of fi­nancial capital in the production and exchange of …… and services.

12. The …… of the financial manager is to maximize the owners' wealth through effective financial planning.

13. The financial manager in a …… organization can use the effective financial planning and analysis in order to provide the desired level of service at acceptable costs.

Exercise 4.. Match the definitions with the words given below.

Fee, executive, insure, skill, capacity, profile, applicant, charisma, ensure, guideline, superior.

1. Ability to do something well.

2. Short biographical or character sketch.

3. Payment made for professional advice or services.

4. Person or body with managerial or administrative responsibility.

5. Make certain.

6. Secure compensation in the event of loss or damage by advance regu­lar payments.

7. In a higher position; of a higher rank.

8. Principle directing action.

9. Power to certain, receive, experience, or produce.

10. The ability to attract, influence, and inspire people by your personal qualities.

11. Someone who formally asks to be given something, such as a job or a place at a college or university.

Exercise 5. Read the text once again and explain, in your own words, the meaning of the following terms:

1. profit-seeking organization, non-profit organization, financial organization, non-finan­cial organization, private organization, public organization.

2. money, funds, capital, investment, finance, economics, accounting.

3. managing money, to earn money, to raise money, to spend money, to invest money.

4. finance at the macro level, finance at the micro level.

Дата добавления: 2014-10-22