II. Write questions to the following answers

I. Write sentences with the following words.

Writing and Speaking Tasks

II. Mark these statements T (true) or F (false) according to the information in the text. Find the part of the text that gives the correct information.

Reading Tasks

I. Answer the questions using the information from the text.

1. What is finance («corporate finance»)?

2. What is a financial manager responsible for?

3. What is a financial manager's overall objective?

4. What must financial managers do to reach this goal?

5. Into what do profits translate in proprietorships and partnerships?

6. Into what do profits translate in corporations?

7. What is cash flow planning?

8. Can idle funds become a profitable workhorse?

9. What are some sources of idle cash?

10. Is accurate information about current cash status enough for good cash management?

1. Financial managers are responsible for planning and controlling a firm's output of goods and services.

2. Firms that do not plan their cash flows carefully may go bankrupt.

3. Any funds not needed immediately must be invested,

4. In corporations, profits translate into an increase in the owners' wealth.

5. A financial manager's overall objective is to collect funds.

6. Business need financial management.

7. Managers don't need to plan cash flows days, weeks, and months ahead of time.

III. Without looking back at the next, exchange its content with someone who read the text too.

Example: vital people / are among / on / the most / financial managers / the corporate scene

Financial managers are among the most vital people on the corporate scene.

1. a finance / one in three / nearly / have / banking background / or / chief executives

2. to invest / profitability / failure / reduces / surplus funds

3. means / risk / more / debt / more

4. seek / financial managers / to balance / with / the risks / financial returns

5. must / earnings / exceed / its costs / the company's

6. cash flow / requires / the management / careful planning / of a firm's

1............................................................................

Possible job titles for high-ranking financial managers include vice president for finance and chief financial officer (CFO).

2............................................................................

An increase in a firm's cash on hand reduces the risk of unexpected cash needs. 3............................................................................

The financial manager strives to maximize the wealth of the firm's stockholders by striking a balance between risk and profitability.

4............................................................................

Balance between the risk of an investment and its potential gain is called risk-return trade-off.

5.............................,............................................

Most financial decisions involve trade-offs.

6............................................................................

Every financial manager must perform the risk-return balancing act, from small start-ups to huge multinational corporations.

Дата добавления: 2015-01-03