Exercise 5. Supply the sentences with required words, if necessary change their grammatical forms

Exercise 4. Match the words with their definitions.

loan, partnership, assets, retailing, payroll, sales, gross profit, net worth, net profit, profit

1. The entire resources of a person or business, tangible and intan­gible, such as accounts and notes receivable, cash, inventory, equipment, real estate, good will, etc.

2. The act of operating a retail business.

3. The capital investment an individual or partners have in a busi­ness after the liabilities have been subtracted from the assets, that is, the capital value of the business.

4. A surplus that remains after the cost of goods is subtracted from the total receipts.

5. A surplus after all the expenses have been paid, including opera­ ting expenses such as heat, light, rent, and wages, but excluding taxes.

6. A list of employees who are paid periodically by a firm, along with other information; also includes the money to pay employees.

7. A bookkeeping term referring to the amount of income derived from the sale of merchandise or services, both for cash and on account, less taxes, returns, and allowances.

8. An amount of money that is borrowed and must be paid back by a certain date or on demand; usually interest is charged on the money borrowed.

9. A business owned by two or more people.

manufacturing, keep records, ownership, incentive, product, returns and allowances, supply, gross national product, wholesaling, assistance

1. The chemical in the... was too harsh for her, and she lost most of her hair.

2. Most large towns are... with electricity.

3. She persuaded the Cabinet to agree to 1.2 million pounds... for the industry.

4. Money is being used as an....

5.... includes the sale, and all activities directly related to the sale, of products or services to those who are buying for business use.

6. With the introduction of the computer, large manufacturers applied the electronic advances to the... process.

7. The law of warranties also applies to.....

8. Remember that the time business owners spend on takes the owners away from other aspects of their business.

9. Transfer of... is probably not the most important aspect of priva­tization.

10. …is the basic measure of the total output of goods and services in the economy.

Exercise 6. Complete each sentence with the correct form of the word in capital letters. In some cases you will have lo тике ii negative by using the prefix il- or un-.

1. employ

1. In an area of high... people are desperate to find jobs.

2. Every... of the firm is entitled to a 10% discount.

3. Her... gets very angry if she uses the phone too much.

4. I'm looking for temporary... during the summer holidays.

2. engage

1. The line is... so I'll have to try again later.

2. Cancel all my... for the rest of the day, please.

3. finance

1. Her... adviser is convinced the project will be a success.

2. If the company is... sound we might consider taking it over.

4. grow

1. There is a... awareness of the need to impove productivity.

2. The government is worried about the... in public expenditure.

5. legal

1. It's... to sell such goods without a proper permit.

2. They questioned the... of the company's action.

6. possess

1. I had in my... a portion of money.

2. I am a proud... of two kiosks in Plekhanov Street.

3. A small business is one which... at least two characteristics.

7. own

1. The... is held by an individual or a small group..

2. Julie's father... a business that dealt in bulk orders.

3. The... of the bookstore was sitting at his desk.

8. distribute

1. British Leyland... their cars throughout the world.

2. His job is to organize the... of money to students.

9. know

1. We need somebody with a good working... of French.

2. Our company is virtually... abroad.

3. She's obviously very... as far as marketing is concerned.

10. establish

1. There he had set out to... his own business.

2. The... of legal minimum pay is one of the objectives.

11. existence

1. These institutions do not come into.. except as a result of state policy.

2. We have to find ways of making the... system work better.

3. Numerous definitions of the term "small business"....

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