Exercise 3. In each of the following select the word or phrase that best completes the statement or answers the question

Exercise 2. Answer the following questions.

Exercise 1. Match the English words with their Russian equivalents.

1. incentives A. стоимость имущества за вычетом обязательств, собственный капитал (предприятия)

2. procurement assistance B. розничная торговля

3. the gross national product C. партнерство

4. to be supplied D. платежная ведомость

5. the ownership E. начисление (напр. сумма накладных расходов)

6. retailing F. общий объём продаж, товарооборот

7. who­lesaling G. валовой национальный продукт

8. manufacturing H. банковская ссуда

9. total assets I. материально-техничес­кая помощь

10. net worth J. вести учёт

11. gross profits K. стимул, побудительный мотив

12. net profits L. воз­мещение

13. payroll M. общая стоимость иму­щества, сумма баланса

14. net receipts N. собственность

15. total sales O. вало­вая прибыль

16. less returns P. оп­товая торговля

17. allow­ances Q.чистая выручка, чистые доходы, чистые денежные по­ступления

18. to keep records R. производство

19. bank loans S. снабжать, поставлять

20. partnership T. чистая прибыль

1. How do people become owners and operators of small business firms?

2. What are the aims of establishing small firms?

3. What has always been recognized as the best way to preserve competition, prevent monopolistic control of any industries?

4. What facts illustrate the importance of small business?

5. Can you define a small business?

6. What is the most important characteristic of a small business?

7. What criteria are used for defining small business?

8. What terms describe the size of a business?

9. What operations of a small business are subject to review?

1) A fact that demonstrates the role of small business in the United
States is that...

a. 95% of labour force is employed by small businesses.

b. 20% of businesses are small.

c. 43% of all businesses are small according to the definition of

the Small Business Administration.

d. 51% of all businesses are small according to the definition of

the Small Business Administration.

2) Which statement is not true in relation to business success?

a. As the population expands, there is a greater need for small
businesses.

b. People with more education and experience usually have
a better chance of success.

c. There is little or no risk in operating a small business if you have adequate capital,

d. The chances of business failure are reduced if you get sufficient and adequate training.

3) All of the following measure business size except

a. profits с. location

b. assets d. number of employees

4) Which of the following would most likely be self-employed?

a. teacher с. grocery clerk

b. barber d. minister

5) Which of the following is the definition of net profit?

a. income after expenses are paid

b. income after all taxes have been paid
с gross income after taxes

d. assets minus liabilities

6) Which of the following is not a level of trade proficiency?

a. apprentice c. foreman

b. master d. senior

7) It is necessary to keep accurate business records

a. for tax purposes

b. to determine business size

c. to determine earnings

d. for all of these reasons of business

8) The fastest growing type is

a. manufacturing c. franchising

b. farming d. fishing

9) Which of the following is true?

a. There are more small businesses than large businesses.

b. There are more people employed in large businesses

с. There are more large businesses than small businesses,
d. None of these statements is true.

10) Regulations are necessary because they

a. help politically powerful big business

b. make business practices more equitable and fair
с. give government officials power

d. create jobs

11) Which of the following would probably not be self-employed?

a. attorney с. artist

b. airline pilot d. plumber

12) Which one of the following is a distributive kind of business?

a. radio station с. canning factory

b. advertising agency d. warehouse

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