ENGLISH LANGUAGE 1
MODERN BUSINESS SCHOOL
Slaana epecanovi Beograd 2013/2014
Table of Contents
LESSON 1 ............................................................................................................................................................................. 5
Vocabulary: Money the basics ............................................................................................................................................. 6
Grammar: Present Simple and Continuous ............................................................................................................................ 7
Reading comprehension: A Perfect Day?.............................................................................................................................. 13
Writing: Curriculum vitae(CV) ............................................................................................................................................... 14
LESSON 2 ........................................................................................................................................................................... 15
Vocabulary: Banks the basics ............................................................................................................................................. 16
Grammar: Comparative and superlative of adjectives ......................................................................................................... 17
Reading comprehension: Competition ................................................................................................................................. 19
Writing: Follow-up letter/ Letter of Application ................................................................................................................... 20
LESSON 3 ........................................................................................................................................................................... 23
Vocabulary: On the phone and by e-mail ............................................................................................................................. 24
Grammar: Past Simple and Past Perfect ............................................................................................................................... 25
Reading comprehension: Fujitsu........................................................................................................................................... 29
Writing: an e-mail ................................................................................................................................................................. 30
LESSON 4 ........................................................................................................................................................................... 31
Vocabulary: banking and finance .......................................................................................................................................... 32
Grammar: Countable and Uncountable nouns ..................................................................................................................... 33
Reading comprehension: Why do more businesses choose Dubai? .................................................................................... 35
Writing: Writing a business e-mail ........................................................................................................................................ 36
LESSON 5 ........................................................................................................................................................................... 37
Vocabulary: Corporate Finance ............................................................................................................................................ 38
Grammar: Pronouns.............................................................................................................................................................. 39
Writing: Invitation Letter ...................................................................................................................................................... 43
LESSON 6 ........................................................................................................................................................................... 44
Vocabulary: Mergers and Acquisitions ................................................................................................................................. 45
Grammar: Adverbs ................................................................................................................................................................ 46
Reading: Schedules ............................................................................................................................................................... 48
Writing: Schedule .................................................................................................................................................................. 48
LESSON 7 ........................................................................................................................................................................... 49
Vocabulary and Reading comprehension: Investments ....................................................................................................... 50
Grammar: Articles ................................................................................................................................................................. 52
Writing: Jobs ......................................................................................................................................................................... 53
LESSON 8 ........................................................................................................................................................................... 54
Vocabulary: Balance sheets .................................................................................................................................................. 55
Grammar: Much/Many ......................................................................................................................................................... 57
Reading comprehension: ...................................................................................................................................................... 58
Writing: Cancellation Letter .................................................................................................................................................. 60
LESSON 9 ........................................................................................................................................................................... 61
Vocabulary: Business Communication .................................................................................................................................. 62
Grammar: Future tenses (will+infinitive; be going to) .......................................................................................................... 63
Reading comprehension and writing: Doing Business .......................................................................................................... 66
LESSON 10 ......................................................................................................................................................................... 68
Vocabulary: Numbers and Statistics ..................................................................................................................................... 69
Grammar: Future Tenses (Present Continuous) ................................................................................................................... 71
Reading and writing: Planning a meeting ............................................................................................................................. 73
Writing: Arranging a meeting................................................................................................................................................ 74
LESSON 11 ......................................................................................................................................................................... 75
Vocabulary: Money and work ............................................................................................................................................... 76
Grammar: Zero and 1st conditional ....................................................................................................................................... 77
Reading comprehension: Can you live without it? ............................................................................................................... 79
Writing: A reference letter .................................................................................................................................................... 80
LESSON 12 ......................................................................................................................................................................... 81
Vocabulary: Profit and loss accounts .................................................................................................................................... 82
Grammar: Can, could, couldnt, will, be able to ................................................................................................................... 84
Reading comprehension: Motivation at work ...................................................................................................................... 86
Writing: Letter of Inquiry ...................................................................................................................................................... 87
LESSON 13 ........................................................................................................................................................................... 1
Vocabulary: Currency 1 ........................................................................................................................................................... 2
Reading comprehension: International trade ......................................................................................................................... 5
Writing: Welcome letter ......................................................................................................................................................... 6
LESSON 14 ........................................................................................................................................................................... 7
Vocabulary: Currency 2 ........................................................................................................................................................... 8
Grammar: Passive voice .......................................................................................................................................................... 9
Reading comprehension: What is Marketing? ...................................................................................................................... 11
Writing: A marketing report.................................................................................................................................................. 12
LESSON 15 ......................................................................................................................................................................... 13
Vocabulary: International payments .................................................................................................................................... 14
Grammar: Participles, Gerund and Infinitives .................................................................................................................... 15
Reading comprehension: Advertising and promotion .......................................................................................................... 17
Writing: Confirmation letter ................................................................................................................................................. 18
LIST OF IRREGULAR VERBS .................................................................................................................................................... 19
Bibliography: ......................................................................................................................................................................... 22
LESSON 1
Vocabulary: Money Grammar: Present Simple and Continuous Reading comprehension: A perfect Day? Writing: Curriculum Vitae
Vocabulary: Money the basics
A) Put the correct word in each space: account * back * banknotes * borrowed * change * coin * currency * earn * lent * note * salary * spend * sum * wages * waste * win
1. In the USA, "quarters" (25 cents) and "dimes" (10 cents) are types of _______________. 2. In the United Kingdom, "a tenner" means a ten pound _______________. 3. The US dollar, the Yen and the Euro are types of _______________. 4. Hundred dollar bills and twenty pound notes are _______________. 5. 2,000,000 Swiss francs is a large _______________ of money. 6. I need to _______________ some Euros into Australian dollars. 7. My friend _______________ a hundred pounds from me. 8. I _______________ a hundred pounds to my friend. When she can, she'll pay me _______________ 9. I buy a lottery ticket every week, but I never _______________ anything. 10. Most dentists _______________ at least 30,000 a year. 11. __________ are paid to employees weekly. _______________ are paid to employees monthly. 12. In business, you have to _______________ money to make money. 13. A: Do you have a bank _______________? B: Yes. I bank with the Bank of Scotland. 14. In my opinion, eating in expensive restaurants is a _______________ of money. B) Match the words on the left with the words on the right 1. a small a. a profit 2. an income b. amount of money 3. donate c. cash 4. high d. cost of living 5. make e. credit card 6. pay by f. losers 7. pay in g. money to charity 8. winners and h. of 25,000 a year
C) Choose the correct word 1. Spain now uses the euro. Pesetas are no longer ____________. a. good money b. legal money c. legal tender 2. I bought a TV which doesn't work. I'll take it back to the shop to get ___________. a. my money returned b. a refund c. a repayment 3. In a shop, to get a refund, you usually have to show the ___________. a. receipt b. recipe c. payment ticket 4. I'm paying for my new car in 36 monthly __________. a. instalments b. pieces c. parts 5. I earn a lot of money, but I have a lot of _________. a. payouts b. expenses c. paying 6. Famous paintings are usually sold by __________. a. bid b. highest price c. auction 7. In an auction, the item is sold to the person who makes the highest __________. a. bid b. price c. offer 8. In Japan, the US dollar is __________ . a. foreign money b. strange money c. a foreign currency 9. In Britain, it's not usual to discuss your personal __________ a. money b. finances c. money arrangements 10. You can _________ a house and __________ a car. a. hire / rent b. hire / hire c. rent / rent or hire 11. Here's the fifty dollars I __________. a. owe you b. pay you back c. must return
Grammar: Present Simple and Continuous
Complete the table in Simple Present.
Positive Negative Question
They are late.
He does not travel a lot.
Do I smoke?
She is not busy.
He has time.
Write sentences in Simple Present.
1. I / be / fluent in English
2. Judy Garner / work / in purchasing
3. she / be / from Australia
4. our company / supply / technical products
5. we / not / work / on Saturdays
6. they / not / sell / computers
7. Mr Martin / not / speak English
8. what / you / do
9. what languages / he / speak
10. who / know / the address
Exercise on Form with 'be'
Write down the missing sentences.
affirmative negative question
I I am hungry.
you You are Sam.
he He is not here.
she Is she loud?
it It is okay.
Exercise on Present Continuous
Complete the table with the correct forms.
affirmative negative question
I I am working.
you You are jumping.
he He is not dreaming.
she Is she sleeping?
it It is snowing.
we Are we singing?
you You are not fighting.
they Are they reading?
Complete the sentences in Present Continuous.
1. I (look for) my pen.
2. Jane (print out) the contract.
3. As long as I am on holiday, Hannah and John (take care) of everything.
4. Look! Graham (wear) a tie today.
5. That's because he (meet) the big boss in the afternoon.
6. I (work / not) tomorrow.
7. Bob (talk / not) on the phone.
8. What (you / do) ?
9. Where (Mister Bradley / stay) ?
Correct the mistakes in these sentences:
1. At the weekend Im usually go swimming.
2. Are you enjoy the party?
3. We cant play tennis because it rains.
4. Do you can play chess?
5. How many sisters you have?
6. I no understand what youre saying.
7. What you do tonight?
8. What time you get home last night?
9. Last weekend I see some friends and we have a meal.
10. Im loving English food. Its wonderful.
Choose the correct form of the verb.
1. I go / am going to work now. Goodbye!
2. I read / am reading a book about astrology.
3. I read / am reading lots of books every year.
4. We go / are going to a party on Saturday.
5. Nurses look / are looking after people in hospital.
6. Annie comes / is coming from Ireland.
7. She comes / is coming this evening.
8. I speak / am speaking four languages.
9. Do you want / Are you wanting to go out tonight?
Put in the correct tense (present simple and present continuous):
1. Vegetarians are people who do not eat/ are not eating meat. 2. Look out! The car is coming/ comes. 3. Some people still think the sun goes/ is going round the Earth. 4. I play/ am playing tennis every week. 5. Who sits/ is sitting in my chair? 6. What happens/ is happening in golf when you lose the ball? 7. An alcoholic is a person who is drinking/ drinks a lot of alcohol and cant stop. 8. Look! She is wearing/ wears the same shoes as me. 9. What are you looking/ do you look at? A strange bird. 10. I stay/ am staying with john for a few weeks until my flat is ready. 11. We usually stay/ are staying with Peggy when we go to Chicago.
12. Can you explain why water always runs/ is running down the hill? 13. What do you do/ are you doing with my coat? 14. Nobody gets up/ is getting up early for fun. 15. Not many passenger planes fly/ are flying faster than sound.
Put in the correct tense: present simple or continuous
1. I _______ (think) hes away. 2. You _______ (know) what I ________ (mean). 3. She ____________ (always complain). 4. We __________ (always start) at 9. 5. While the butter _________ (melt), you ________ (take) three eggs and ______ (break them) into
a bowl. 6. I _______ (think) about your sister. 7. Scientists _________(believe) the weather _________ (change). 8. I ________ (not see) what the problem _________ (be). 9. Why you__________ (look) at me like that? 10. Now I ________ (understand) what she ________ (want).
The following verbs are not normally used in the continuous:
know, seem, believe, belong, contain, forget, hat, like, love, matter, need, own, prefer, realise, remember, suppose, understand, want
Some verbs have progressive forms with one meaning but not with another. The following do not usually have progressive forms:
Have (= possess); appear (= seem); look (= seem); see (= understand);
think (= have the opinion that); feel (= have the opinion that).
Choose the correct form present simple or continuous:
1. I ___________ (have) a great time.
2. She ____________ (have) plenty of money just now.
3. He ____________ (appear) at the Fortune Theatre next week.
4. He ____________ (appear) to have a problem.
5. Why ____________ (look) at me like that.
6. It __________ (look) as if its going to rain.
7. I __________ (see) what you are trying to say.
8. I __________ (see) the manager tonight afternoon.
9. I __________ (think) you are right.
10. What ___________ (think) about?
11. I __________ (feel) very tired today.
12. I __________ (feel) like shes making a mistake.
Reading comprehension: A Perfect Day?
Before you start: 1. What are your favourite kinds of TV programme? Tell the class. Use the Key Words to help you: sports programmes, plays, the news, soap operas, documentaries, quizzes, game shows, children's programmes, films 2. What kind of lifestyle do you think the man in the text has? 3. Read the text and answer these questions. a) How many hours of TV does Brian watch? b) List the TV programmes Brian watches. c) Find two examples of lazy behaviour. d) What do you think a 'couch potato' is?
Forty-three years Brian Blakey from Birmingham has sat on his couch watching telly and is now talking about his perfect life. When I wake up I dont get up immediately. I turn on the television and watch the childrens programmes and old movies until about half-past ten. Then I get up, go downstairs and switch on the telly. For lunch, I have biscuits and a glass of milk, and I watch the news. In the afternoon, I often watch another old film - theyre showing some good ones at the moment. In the evenings, I often watch soap operas or sport and the news again. I like the main news at six oclock. At nine thirty, if there is a good play on BBC2, I switch over and watch it. Then at night I watch more films and I usually switch off the telly at about two oclock. I never watch the TV all night. I watch TV for sixteen or seventeen hours a day. I also do some exercise every day. I take Tina, the dog, for a walk every afternoon. I dont go far, of course. I walk to the wall outside my house. I always take my portable telly and I sit on the wall while the dog walks round in a circle. Of course, I couldnt live this lifestyle without a wife. Shes not here now because shes working, but she always makes my meals. We havent got much money, you know, but were happy. Sit down, watch the telly - youve got the world at your feet. And in your hand. Great! 4. Work in pairs. Is your partner a 'couch potato or an active person? Use the Key Words to ask questions: read, watch TV, play football/tennis; go jogging/cycling/swimming/dancing/walking; go to the gym/for a walk/out/to a movie Example: What do you do at weekends? Do you often go swimming?
Writing: Curriculum vitae(CV)
EDUCATION: 1989-1993: Epsom and Ewell Secondary School, England 1993-1997: London School of Economics, England Degree in International Relations
OTHER SKILLS: - Computer skills: good knowledge of Word and Excel, as well as e-mail and the internet
- Fluent in French and German
EMPLOYMENT: 1999-2011: Cotswold Health Product, Chepstow, Monmouthsire, England, UK Importers and distributors of natural and health foods. 73
POSITIONS HELD: - Sales Assistant Advised the main shop's customers about natural and health foods Developed new business in smaller satellite stores, explaining the benefits of natural food to potential new customers. Increased sales at both the main and the satellite shops. The extra profits were used to expand the business by establishing a new shop. - Administration Assistant, General Affairs Department Examined incoming mail and redirected this to the appropriate division Translated foreign letters (written in French and German) into English. - Customer Clearance Officer, Import Division - Completed reports (e.g. bills of entry) to facilitate the import of goods from abroad) - Dealt with customs enquiries and procedures INTERESTS: - travel, mountain walks, cinema, cooking
Name and
Surname: Malcolm Davis Date of birth: 1982
Telephone: 020-7654 3210 City: London
Mobile phone: 07890 999999 E-mail: [email protected]
LESSON 2
Vocabulary: Banking Grammar: Comparative and Superlative of adjectives Reading comprehension: Competition Writing: Follow-up letter/Application letter
Vocabulary: Banks the basics A. Choose the correct words. Grimleys Bank: Open an account today! Open an account with Grimleys Bank, and start benefiting from our great 1 rates / levels of interest and 2 small / low charges. With over 3,000 3 branches / outlets, you'll never be far from us, and unlike many other 4 high street / town centre banks, we're open all day on Saturdays. Grimleys customers can 5 take money / make withdrawals from more than a million 6 cash dispensers / money machines worldwide, and of course you'll receive a 7 cheque book / book of cheques and a 8 paying card / debit card within a few days of opening your account. Computer-users may be interested in our e-account - all the benefits of a regular Grimley's 9 current / day-to-day account, with the added convenience of being able to view your 10 lists / statements and 11 make / do payments online. Whether you're opening your first current account, 12 switching / changing from another bank or simply want to take advantage of our 13 range / variety of savings accounts, you'll be glad you chose Grimleys the bank that always 14 makes / puts the customer first.
B. Match the method of payment with the definition. 1. Credit card a. A piece of paper which transfers money from your account to somebody else's account. 2. Debit card b. Similar to a credit card, but usually operated by a chain of shops or other retailer. 3. Charge card c. The money is deducted from your bank account almost immediately. 4. Cheque d. These can be exchanged for foreign currency, or in some cases used instead of cash. 5. Traveller's cheque e. You owe the card provider money. You can pay it back in one instalment, or over a longer period if you wish. 6. Charge account f. You owe the retailer money.
C. Choose the best word TERMS AND CONDITIONS 1. Regular bank statements will be sent to you by post, listing recent __________. a. payments b. events c. transactions 2. New current account customers can borrow up to 200 in the form of a low-interest __________. a. overdraft b. overtake c. overspend 3. The current rate of interest for __________ overdrafts is 6.7% APR. a. permitted b. allowed c. authorised 4. While your account is __________ credit, there are no charges. a. under b. in c. with 5. If your account is overdrawn, charges may __________. a. happen b. apply c. occur 6. When you acknowledge __________ of your new debit card a. receipt b. the receiving c. reception 7. you will be sent a PIN (Personal _________ Number) a. identifying b. identifier c. identification 8. You will need to _________ your PIN each time you use the card. a. put in b. type c. enter 9. Two or more customers may apply for a __________. a. two-person account b. joint account c. together account 10. Current account __________ may apply for a Grimleys Credit Card. a. holders b. owners c. users
Grammar: Comparative and superlative of adjectives
I)Fill the blanks with the right form of the adjective in brackets:
1. Your bag is ____________ (easy) than mine. 2. My mothers advice is _____________ (useful) for me. 3. The summer this year is _____________ (dry) as ever. 4. It is _________________ (difficult) rule of all. 5. This pen writes _______________ (good) than my previous one. 6. This athlete is _______________ (strong) than his competitor. 7. This pupil is _____________ (clever) in the class. 8. This is ______________ (old) castle in Britain. 9. Health is _____________ (important) than money. 10. This path is ______________ (narrow) than the parallel one. 11. This actor is _________________ (famous) actors from Spain. 12. Kenyans are ________________ (good) sprinters. 13. Luxurious hotels are___________ (expensive) than those of economic class. 14. My _____________ (old) sister is afraid of mice. 15. Saturn is ________ 2nd ___________ (large) planet in our solar system. 16. We have ______________ (much) homework today than we had yesterday. 17. If you need any __________ (far) information, please contact our assistant. 18. The second part of the film is _______________ (boring) than the first one. 19. In childhood my aunt was ____________ (thin), but now she is rather fat. 20. This highway is ______________ (wide) than that highway. 21. My house is _____________ (near) to the library. 22. We live in ____________ (small) country in the world. 23. My ___________ (good) friend lives in the country.
II) Fill in the comparative and superlative forms of the adjectives.
1) old - - 2) bad - -
3) difficult - - 4) large - -
5) good - - 6) big - -
7) easy - - 8) much - -
9) little - - 10) interesting - -
III) Put in the adjective in bold from the first sentence into the second sentence in its correct form (comparative or superlative). Example: I have a fast car, but my friend has a ______ car. Answer: I have a fast car, but my friend has a faster car.
1) This is a nice cat. It's much than my friend's cat.
2) Here is Emily. She's six years old. Her brother is nine, so he is .
3) This is a difficult exercise. But the exercise with an asterisk (*) is the exercise on the worksheet.
4) He has an interesting hobby, but my sister has the hobby in the world.
5) In the last holidays I read a good book, but father gave me an even one last weekend.
6) School is boring, but homework is than school.
7) Skateboarding is a dangerous hobby. Bungee jumping is than skateboarding.
8) This magazine is cheap, but that one is .
9) We live in a small house, but my grandparents' house is even than ours.
10) Yesterday John told me a funny joke. This joke was the joke I've ever heard.
IV) Fill in the missing words into the gaps.
Positive Comparative Superlative
few
rich
cheap
brave
plain
cruel
boring
Reading comprehension: Competition
Making a supermarket competitive Background Shopping around
Competition between supermarkets is very strong. In the UK there are four major supermarkets and Morrisons is number four. The image of Morrisons is low prices, a wide range of food, and friendly staff. Tesco, the number one supermarket, has small shops in towns and big shops outside towns. It also has a healthy eating range of food and a loyalty card for regular customers. Tesco sells non-food products like TVs, washing machines and furniture. Sainsbury has an expensive image, but it has some economy products, and with the help of English chef Jamie Oliver, more people shop there now. It has man green and fair-trade products, too, and quality is very important. Sainsburys trains all its staff to know more about its products. Answer the questions:
1) What do the three supermarkets do to stay competitive? 2) Which supermarket do you shop at? Why do you go there? 3) Which points are important to you when you shop at a supermarket?
Writing: Follow-up letter/ Letter of Application First Paragraph: State the job youre applying for.
Where you found out about it (advert in The Guardian newspaper etc. - organisations like to know which of their
advertising sources are being successful)
When you're available to start work
Second Paragraph Why you're interested in that type of work
Why the company attracts you (if it's a small company say you prefer to work for a small friendly organisation!)
Third Paragraph Summarise your strengths and how they might be an advantage to the organisation.
Relate your skills to the competencies required in the job.
Last Paragraph Mention any dates that you won't be available for interview
Thank the employer and say you look forward to hearing from
Example 1: Mr. Robert Burns President,
Template Division MEGATEK Corporation
9845 Technical Way Arlington,
VA 22207 [email protected]
Dear Mr. Burns,
I learned of MEGATEK through online research using the Career Search database through Career Services at University
of Washington Bothell where I am completing my bachelor's degree in Computer Software systems. From my research on
your web site, I believe there would be a good fit between my skills and interests and your needs. I am interested in a
software engineering position upon completion of my degree in May 2012.
As an undergraduate student, I am one of six members on a development team where we are writing a computer aided
aircraft design program for Boeing. My responsibilities include designing, coding, and testing of a graphical portion of the
program which requires the use of GIARO for graphics input and output. I have a strong background in computer aided
design, software development, and engineering, and believe that these skills would benefit the designing and
manufacturing aspects of Template software. Enclosed is my resume which further outlines my qualifications.
My qualifications make me well suited to the projects areas in which your division of MEGATEK is expanding efforts. I
would appreciate the opportunity to discuss a position with you, and will contact you in a week or ten days to answer any
questions you may have and to see if you need any other information from me such as a company application form or
transcripts. Thank you for your consideration.
Sincerely,
William Stevens
123 Timberlake Drive Edmonds,
WA 98067 (540) 555-2556
EXAMPLE 2:
Re: Computer Graphic Designer
Dear Mr. Lee
With reference to the advertisement in the SCMP on January 11, 1998, I am writing to apply for the position of
Computer Graphic Designer.
I am currently a full-time student studying a degree course in Information Technology at the Hong Kong
Polytechnic University and I am due to graduate in June1998. As you can see from the enclosed CV, I have
extensive experience in computer graphic design. Apart from the formal training I have obtained from my three-
year course and summer programmes, I have had a number of part-time and summer jobs which have helped me
to gain experience in designing computer graphics. Frequent participation in workshops, competitions and
extra-curricular activities involving the subject has also allowed me to develop insight into the area.
My professional training at the university requires adaptability and creative use of the resources available to
produce graphics for real customers in the business world. Working as a student researcher during the last
semester has further expanded my skills in data processing and graphic design, and more importantly, my
ability to work independently. I feel, therefore, that I have not only the experience that you are looking for, but a
number of other invaluable skills which would benefit me in this position.
I would like to have the opportunity to discuss this position with you further. I can be contacted at 2777 7777 or
9922 0000 between 8.30am and 6.30pm. Thank you for your consideration and I await your reply.
Yours sincerely,
Kwong Chi-ming , Tommy
encl. cv
A Letter of application
1. Read Nancys letter of application and complete it using the phrases and words in the box.
LESSON 3
Vocabulary: Business English verbs Grammar: Past Simple and Present Perfect Reading: Fujitsu provides IT and communications solutions.
Writing: E-mail
Vocabulary: On the phone and by e-mail
I) On the phone: Use the words listed below to complete the sentences
put through hold on call back ring back return transfer
.No, Im sorry , I cant _______you ________ to Mrs Porter. I cant connect you to anyone No, Im afraid you cant ___________ No, she wont ______ you ________. She cant _______ you ______ and nobody is going to _______ your call And no, I cant ________you to another line Why not? Because Mrs Porter doesnt work here, in fact nobody works here YOUVE GOT THEWRONG NUMBER!
II) By e-mail: Use the words listed below to complete the sentences attached logged on save clicked deleted undo Hi John, I found the report that you ________ to your e-mail when I _______to my computer this morning. I thought the report was great. I wanted to keep it, so I tried to _______it on my hard disk. Unfortunately, I _______on the wrong button and I __________it instead! I tried to _______the command, but that didnt work. So I searched for it but it just wasnt there. Could you send it again?
Many thanks, Rita
Grammar: Past Simple and Past Perfect
Past Simple: a) ED; b) II column
I) Write the past forms of the irregular verbs.
1. feel
2. cost
3. drive
4. catch
5. feed
II) Complete the table in simple past.
positive negative question
The ship disappeared.
He did not criticise you.
Was Amy depressed?
She did not teach in London.
Did the passengers panic?
III) Put the sentences into simple past.
1. They repeat the question.
2. She hugs her little brother.
3. The snowman melts in the sun.
4. The candle does not burn.
5. Do they chat in a forum?
IV) Write sentences in simple past.
1. Jim / his head / cover
2. she / the chapter / copy
3. not / the clouds / disappear
4. he / to our question / refer
5. not / we / our punishment / escape
V) Was or Were?
1. It the right thing to do.
2. The shop open.
3. The men very strong.
4. The weather great.
5. My father and I in the car.
VI) Ask for the bold part of the sentence.
1. He clicked the mouse button.
2. Robby Robber robbed a bank.
3. The house burnt down.
4. The children respected their teacher.
5. They welcomed the new pupil warmly.
Present Perfect: have / has + past participle (III column)
USE : An action that starts in the past and continues to the present
Examples:
How long have you lived in London?
I have lived in London for many years .
When did you move here exactly?
I moved here in 2004.
I have lived in London since 2004.
I have lived in London for many years.
I) Fill in the gaps with since or for.
1. _________________ ten minutes 2. _________________ a long time. 3. _________________ the end of the month. 4. _________________ a few years. 5. _________________I left school 6. _________________Friday. 7. _________________ last night.
Present perfect
(unfinished action)
Past Simple
(finished action)
since + specific time
for + period of time
8. _________________ 2 oclock. 9. _________________ three months.
10. _________________ a number of years. II) Correct the mistakes.
1. How long do you know your best friend? _______________________________ 2. I have this cell phone for five month. _________________________________ 3. We live in Lisbon for ten years. ______________________________________ 4. My father works at this hospital since 2009. ___________________________ 5. How long you have that calculator? ___________________________________ 6. I dont know him for very long. ________________________________________ 7. I am here since this morning. __________________________________________ 8. I wait for this moment for a long time. ________________________________ 9. Nobody ever climbed that mountain. __________________________________
III) Complete using the Present Perfect Simple.
1. I _________________ (know) Harold since he was a little boy. 2. Joseph _________________ (have) that laptop for two years. 3. How long _________________ he _________________ (be) at university? 4. Our next-door neighbours _________________ ( not live) here long. 5. Sophie _________________ (be) in this class since January. 6. My sister _________________(work) at Pizza Hut for three weeks now. 7. I _________________(live) here all my life. 8. He _________________ (not be) married for very long.
IV) Write the correct form of the verbs in brackets.
1. How long _________________ he _________________ (be) here? He _________________(be) here for quite some time.
2. How long _________________ you and your boyfriend _________________ (be) together? We _________________(be) together for ages.
3. _________________ he _________________(have) that scooter long? No, he _________________(had) it since Friday. How much _________________ it _________________ (cost)? It _________________(cost) a lot of money.
4. How long _________________ your parents _________________(be) divorced? They _________________(not be) divorced for long. When _________________ they _________________ (get) divorced? They _________________ (get) divorced since month ago.
V) Write questions for the following. 1. _________________________________________________________________? Ive been married for five years. 2. _________________________________________________________________? Theyve had that car for six months. 3. _________________________________________________________________? Shes known him since they were kids. 4. _________________________________________________________________? Hes worked here since last year. 5. _________________________________________________________________? Yes, they have lived here for a long time. 6. _________________________________________________________________?
Past Simple and Present Perfect
I) I have done or I did? Put in the correct verb form.
Ive done (I / do) all the housework. The flat is really clean now. A young couple bought (buy) the house next door. But they didn't live there long.
1 Our visitors_______________ (arrive). They're sitting in the garden. 2 There's still a problem with the television. Someone___________(repair) it, but then it broke down again. 3 ____________(I / lose) my bankcard. I can't find it anywhere.
4 The match_________________(start). United are playing well. 5 My sister________________(run) away from home. But she came back two days later. 6 Daniel_________________(earn) some money last week. But Im afraid he's already spent it all. 7 ______________(we / plant) an apple tree in the garden. Unfortunately it died. 8 Prices_____________________(go) up. Everything is more expensive this year. 9 Someone________________(turn) on the hi-fi. What's that song called? 10 _____________(I /phone) the office at eleven to speak to the manager, but he isn't there today. 11 _______________(I / make) a cake. Would you like a piece? 12 The runner Amos Temila______________(break) the world record for the 1500 metres in
Frankfurt. Then two days later in Helsinki, Lee Williams ran it in an even faster time.
Reading comprehension: Fujitsu
I) Fujitsu provides IT and communications solutions. Read about its work with three companies:
1) What product or system does each company use?
2) What is the result?
THREE WAYS FUJITSU HELPS CLIENTS TO REDUCE PAPERWORK AND IMPROVE
COMMUNICATION:
The nurses at PinnacleHealth use Fujitsus pen tablets for patient information. They never print a
hard copy so now they have more time for patients.
The recruitment firm, Spring Personnel, receives hundreds of CVs, letters, and business cards. But
with the FijitsusScanSnap, the company can scan and save them ellectronically. It reduces paper
filed in the office by 90 %, says Lucy Taylor, branch co-ordinator.
The global delivery company, TNT, deals with 30,000 items every day. In 2002, each item needed 4
pieces of paperwork including an order from the customer, an invoice to bill the customer, and a
delivery note and receipt for when the item was delivered. Working with Fujitsu, TNT now has an
electronic system called PACS. It reduces delivery times up to 8 hours.
A B
receive ______ a hard copy ________ print ________ an e-mail (x2) __________ forward ________ a folder ____________ send ________ an order from ___________ save ________ a document _____________ open ________ an invoice______________ attach _______
Writing: an e-mail
You are at an international trade fair in another country. You write an e-mail about the fair to a
colleague in your office. Complete the e-mail with the items from the list:
a sales manager business is company sells do business is a great city from Debrecen
Hi,
The Cyberfair is very exciting and Frankfurt is a ___________________. There are interesting people
from all over the world on the fair. Adam Bota _________________ in Hungary. Hes
_____________.
His _____________ furniture for hi-tech offices, and he says ____________ good at the moment.
I think Mr Bota is a very good business contact. Im sure we can _________________.
Bye for now.
LESSON 4
Vocabulary: Banking and financial problems Grammar: There is/there are; Countable and Uncountable nouns Reading: Why do more businesses choose Dubai? Writing: Formal letter
Vocabulary: banking and finance A. Choose the best words to go into each space.
1. An insolvent company often goes into liquidation. A private individual who cannot pay his/her debts may be declared __________ by a court. a. bankrupt b. indebted c. penniless 2. A bankrupt person's __________ can be taken and used to repay his/her debts. a. things b. items c. property 3. A person who has not yet completed this process is called an ___________ bankrupt a. unfinished b. incomplete c. undischarged 4. The technical meaning of insolvency is that a person or company's __________ exceed their assets. a. payments b. liabilities c. expenses 5. When a limited company* becomes insolvent, it is likely to go into __________. a. liquid b. liquidity c. liquidation 6. The person responsible for winding up a company which has gone into liquidation is called the __________. a. liquid b. liquidator c. liquidiser 7. When all the assets of a company have been used as security for a loan, and the company defaults on repayments, the lender may force the company to go into ___________. a. receivership b. reception c. reciprocation. 8. In this case, a receiver will be appointed to __________ the assets of the company in order to repay the debt. a. sell b. trade c. realise 9. A mistake in an account is often called a _________. a. disturbance b. distraction c. discrepancy 10. Supermarket chains have a __________ interest in keeping agricultural subsidies high, as they make food cheaper to buy from farmers. a. invested b. vested c. vestal 11. A force majeure is an __________ event such as strike, riot or natural disaster which prevents a contract from being __________. a. unforeseen / fulfilled b. unseen / fulfilled c. unforeseen / filled 12. Many contracts contain a force majeure __________ to cover this situation. a. sentence b. phrase c. clause * A limited company is a company whose members have only limited liability for that company's debts. In other words, if the company cannot pay its debts, the members of the company don't have to pay the debts
out of their own pockets.
Grammar: Countable and Uncountable nouns Would you like some French fries? Wed like a bottle of sparkling water. Id like some sushi, please.
1. Use ________ / an with singular, countable nouns. 2. Use ________ with plural countable nouns and uncountable nouns.
A. Decide whether these nouns are countable (C) or uncountable (U)
1. The children are playing in the garden.
2. I don't like milk.
3. I prefer tea.
4. Scientists say that the environment is threatened by pollution.
5. My mother uses butter to prepare cakes.
6. There are a lot of windows in our classroom.
7. We need some glue to fix this vase.
8. The waiters in this restaurant are very professional.
9. My father drinks two big glasses of water every morning.
10. The bread my mother prepares is delicious.
B. Choose How much or How many
1. cheese do you buy?
2. books are there in your bag?
3. films did Tom see last week?
4. money do you spend every week?
5. friends does Linda have?
6. sugar do we need?
7. tomatoes are there in the fridge?
8. meat are you going to buy?
9. milk did you drink yesterday?
10. apples do you see?
C. Complete the conversation. Choose the correct form. A: What are you doing Andrew?
B: Im writing essay/an essay.
A: Oh, youve got computer/a computer. Do you always write essay/essays on your computer?
B: Yes, but I am not doing very well today. Im working on my plan for about three hour/hours now.
A: Youve got lots of books to help you, though. I havent got as much/many books as you. Thats because I havent got much money/moneys. Quite often I cant even afford to buy food/foods.
B: Really? That cant be many/much fun
A: Id like to get job/a job I can do in my spare time and earn a/some money. Ive got a few/a little ideas, but what do you think I should do?
B: I know someone who paints picture/pictures and sells them. Why dont you do that?
D. A potato or potato? A sport or sport? (Complete the conversations. Choose the correct form)
1. Can I pick an apple/some apple from your tree? Yes, of course.
2. I think sport/a sport is boring. So do I. I hate it.
3. We ought to buy some potato/some potatoes. OK, Ill get them.
4. I think painting/a painting is a fascinating hobby. Well youre certainly very good at it.
5. Did you hear noise/a noise in the middle of the night? No, I dont think so.
6. Is there cheese/a cheese in this soup? Yes, a little.
7. Shall I put a chicken/some chicken in your sandwiches? Yes, please.
8. I had conversation/a conversation with Vicky last night. Oh, what about?
9. Are you a pacifist? Well, I dont believe in war/a war, so I suppose I am.
10. It isnt fair. No, life/ a life just isnt fair, Im afraid.
11. Whats the matter? Youve got some egg/some eggs on your shirt.
Reading comprehension: Why do more businesses choose Dubai?
Read the text and discuss: Is Dubai a good location for business? Why?
Location
Dubai is at the centre of the Middle East and the city is the perfect meeting place for the markets of
Europe, Asia, and Africa. There are over 65 airlines to 100 destinations worldwide from our
international airport.
Business
Dubai is the perfect location for a regional office and has conference exhibition centres. There are
some excellent services (bank, law, firms, advertising agencies) and hotels at every price.
Transport
Unlike many cosmopolitan cities, there isnt a problem with transport in Dubai. Take a taxi or use
public transport- theres a bus every 20 minutes on most bus routes.
there are there is there isnt is there are there
A Dubai is a great location for a conference. The weather is always good. B What about the airport? _______________ lots of international flights. A Yes, ______________ . And ________________ a problem with transportation from the airport because public transport is excellent in Dubai. B But ________________ a good place for a conference? A Yes, _________________. Its the Dubai International Exhibition and Convention complex. Its perfect.
Writing: Writing a business e-mail
I) Before you start, make a list of reasons why people write business e-mails.
II) Read the rules for writing business e-mails. Read the e-mail below from a student to a company about their work and say which rules does he break.
III) Now, rewrite the e-mail according to the rules.
LESSON 5
Vocabulary: Corporate Finance Grammar: Pronouns Reading: Contacts Writing: Invitation letter
Vocabulary: Corporate Finance
A. Money TV was a financial news Cable TV station. Put the story in order.
_____ After a shaky start, Money TV went into profit after three years. _____ They raised some capital from a merchant bank. _____ As a result, Money TV's advertising revenue fell dramatically.
__1_ Three companies, Tennant Entertainment, Planet Media and K9 Communications formed a consortium. _____ Money TV started to make heavy losses.
__5_ A new station, The Money Channel was launched by Wolf Media Group, the US media empire. _____ Money TV went into liquidation. _____ They bought equipment, rented premises, hired staff and set up Money TV. _____ Viewing figures dropped sharply because of competition from The Money Channel.
B. Put the words into the spaces. annual report capital intensive cost-benefit analysis into partnership joint venture lease monopoly profit margin recoup start-up costs supply and demand working capital 1. Before deciding to invest in a new computer system, we need to do a __________________ to see if it's going to be worth it. 2. The new machinery cost a lot, but we'll __________________ the investment in just a few months. 3. You can read about the company's finances, performance and plans for the future in its __________________. 4. We don't actually own our delivery lorries. We __________________ them. 5. We'd like to launch a new airline, but the __________________ are very high. 6. Airlines are a very __________________ form of business, as aeroplanes are extremely expensive. 7. Jewellery retailers need a lot of __________________, as the cost of their stock is high. 8. Petrol filling stations operate on a very narrow __________________. They only make about 1p a litre.
Grammar: Pronouns
A.PERSONAL PRONOUNS - Subject
Replace the words in brackets by the correct personal pronouns. Note that Sue is the person speaking. The (*) means that you are asked a question. 1. My name is Sue. (Sue). am English. And this is my family.
2. My mum's name is Angie. (Angie) is from Germany.
3. Bob is my dad. (Bob) is a waiter.
4. On the left you can see Simon. (Simon) is my brother.
5. (Sue and Simon) are twins.
6. Our dog is a girl, Judy. (Judy) is two years old.
7. (Sue, Simon, Bob and Angie).live in Canterbury.
8. (Canterbury).is not far from London.
9. My grandparents live in London. (My grandparents). often come and see us.
10. What can (*) . tell me about your family?
B. PERSONAL PRONOUNS - Object Aaron was on a business trip to California. He shows you the souvenirs he got for his family.
Fill in the correct pronouns.
1. My sister Jane loves books. This novel is for ..
2. My children like Disney films. The video is for ..
3. My brother Matt collects picture postcards. These postcards are for..
4. My parents like Latin music. The CD is for..
5. I like watches. This nice watch is for ..
6. My wife and I love sweets. These sweets are for..
7. My nephew likes cars. The toy truck is for..
8. My neighbour wants to go to California next year. The guide book is for..
9. Here is another souvenir. I don't know what to do with..
10. You know what? - It's for..
C. POSSESSIVE PRONOUNS
Replace the personal pronouns by possessive pronouns. 1. This book is (you) ..
2. The ball is (I) ..
3. The blue car is (we) ..
4. The ring is (she) ..
5. We met Paul and Jane last night. This house is (they) ..
6. The luggage is (he) ..
7. The pictures are (she) ..
8. In our garden is a bird. The nest is (it) ..
9. This cat is (we) ..
10. This was not my fault. It was (you) ..
D. REFLEXIVE PRONOUNS Fill in the correct reflexive pronouns. 1. I did not want to believe it and then I saw the UFO................
2. The girl looked at ................ in the mirror.
3. Freddy, you'll have to do your homework. ................
4. You don't need to help them. They can do it. ................
5. I introduced ................ to my new neighbour.
6. Boys, can you make your beds...............?
7. She made ................ a pullover.
8. What happens when a monkey sees ................ in the mirror?
9. The father decided to repair the car.................
10. We can move the table..............
E. RELATIVE PRONOUNS (who / which / whose) Choose the correct relative pronoun (who, which, whose). 1. This is the bank .was robbed yesterday.
2. A boy. sister is in my class was in the bank at that time.
3. The man .robbed the bank had two pistols.
4. He wore a mask .made him look like Mickey Mouse.
5. He came with a friend .waited outside in the car.
6. The woman .gave him the money was young.
7. The bag. contained the money was yellow.
8. The people .were in the bank were very frightened.
9. A man .mobile was ringing did not know what to do.
10. A woman .daughter was crying tried to calm her.
11. The car. the bank robbers escaped in was orange.
12. The robber .mask was obviously too big didn't drive.
13. The man .drove the car was nervous.
14. He didn't wait at the traffic lights .were red.
E. POSSESSIVE ADJECTIVES
Replace the personal pronouns by possessive adjectives.
1. Where are (you) . friends now?
2. Here is a postcard from (I) .friend Peggy.
3. She lives in Australia now with (she) . family.
4. (She). husband works in Newcastle.
5. (He) . company builds ships.
6. (They) .children go to school in Newcastle.
7. (I). husband and I want to go to Australia, too.
8. We want to see Peggy and (she).family next winter.
9. (We) . winter!
10. Because it is (they). Summer.
Reading comprehension: Contacts
I) Anna (A) is meeting a visitor (B) at the airport. Match Annas sentences with the replies.
A B 1. Welcome to Poland. a) Yes, thank you. 2. Excuse me, are you Mr. Weiss? b) No, I was here last year. 3. Hello. Im Anna, nice to meet you. c) Thank you. Its nice to be here. 4. Let me help you with your luggage. d) Yes, thats right. 5. Is this your first visit to Poland? e) Thank you. 6. Did you have a good flight? f) Nice to meet you too.
II) Look at these topics of conversation. Which ones are suitable when you meet someone for the first time? Write yes, no or maybe.
the visitors clothes politics your families the weather the place you are in hobbies the visitors journey religion
III) Read these extracts from the conversation between Anna (A) and Mr. Weiss (B). Which topics in exercise 2 are they talking about?
1. A: So, how was your journey? B: It was fine, thanks, the plane wasnt full. A: Well, not many people come to Poland at this time of year. B: No, I guess not. Is it always this cold in October? A: Well, not usually this cold. How was the weather in Washington? B: Actually, it was quite warm. About 20 degrees. 2. A: Where in Poland are you from? B: From Krakow in the South. Have you been there? A: Yes, I have. Its a beautiful city. B: What about you? Do you live in Washington? A: Yes, I do. But I was born in Chicago.
3. B: Thats an amazing building. What is it? A: Its the new football stadium. Are you interested in football. B: I do not know much about it, but my brother loves it. A: Your brother? Do you have a big family? B: No, just one brother. How about you? Do you have any brothers or sisters? A: Yes, I have three sisters.
Writing: Invitation Letter
I) Read this example of this invitation letter. 19th World Conference of the International Union for Health Promotion and Education (IUHPE) 10-15 June, 2010, Vancouver, Canada On behalf of the International Union for Health Promotion and Education (IUHPE), we would like to take this opportunity to extend our most cordial invitation and the warmest welcome to all of you to the 19th IUHPE World Conference on Health Promotion organized on 10-15 June 2010 at the Vancouver Exhibition and Convention Hall (PEACH) in Vancouver, Canada The IUHPE organize this important triennial event under the theme Best Investments for Health, which allows reflection on the most efficient, effective and equitable ways of supporting and advancing health and well being. It will provide multi-sectoral participants from around the world the opportunity to exchange knowledge and lessons learned in health promotion. It is our wish that this meeting will serve as a platform to drive health promotion further to the forefront of the global health agenda and make a difference to sustainably improve the wellbeing of all people. For information, or to register for the IUHPE conference, go to www.iuhpeconference.org Please register on-line at: https://webform.sfu.ca/form/gero.friesen.conf.2010. If you are unable to register on line or have logistical questions, please e-mail Jane McMullen at [email protected] or telephone 1+ (606) 282-2543. Sincerely, Natalie Patterson, Ph.D. Symposium Coordinator II) In groups write an e-mail to tell a friend or a colleague about a meeting. Make sure you include all of the following points:
1) When and where the meeting will be?
2) Who will be the participants?
3) What are the main points?
4) Who will be the chair person?
5) Who will take the minutes?
6) Who will speak about particular points?
7) What will happen after the meeting?
LESSON 6
Vocabulary: Mergers and Acquisition Grammar: Adverbs Reading: Schedules Writing: A schedule
Vocabulary: Mergers and Acquisitions A. Choose the best word from each pair in grey type.
1. Anderson Accounting has been taken over / taken up by Berlin Brothers. 2. Collins Corporation has made a bid / play for Dacher Deutsche 3. The board of Dacher Deutsche rejected / denied Collins Corporation's offer. 4. Eastern Electricity has joined / merged with Grampian Gas 5. Inter-tek has been sold by its father / parent company, Harrison Holdings. 6. Inter-tek has been acquired / got by Johnson & Johnson 7. Harrison Holdings is expected to sell more of its subsidiaries / children in the future. B. Put the words below into the correct spaces.
conditional bid controlling interest hostile takeover merger "poison pill" shareholders target company unconditional bid "white knight"
Takeover bids
In a takeover bid, another person or business makes an offer to the 1______________ to buy their shares at a fixed price. The aim of this is to take control of the 2______________. If it is a welcome takeover bid, the directors of the company advise the shareholders to accept the offer. If the shareholders accept the offer, the result is usually called a 3______________. If the bid is unwelcome, the directors advise the shareholders against accepting it. The bidders may then write to the shareholders explaining the advantages of the takeover, and perhaps improving the offer for the shares. This is known as a 4______________ bid. To avoid an unwelcome takeover bid, the directors may devise a 5______________ a
tactic that will mean the company is worth much less if the takeover bid is successful. Alternatively, they may look for a 6______________ an alternative bidder for the company whose takeover would be more welcome. In an 7______________, the bidder offers a price for each share regardless of how many shares it can buy. In a 8______________, the offer price depends on the bidder being able to buy enough shares to gain a 9______________ in the target company.
Grammar: Adverbs
A. Fill in the correct adverb.
adjective adverb
careful
hungry
heavy
funny
fantastic
bad
crazy
wide
close
long
near
embarrassing
monthly
rude
straight
wealthy
usual
easy
B. Find the adjective in the first sentence and fill the space with the adverb.
1. Joanne is happy. She smiles .
2. The boy is loud. He shouts .
3. Her English is fluent. She speaks English.
4. Our mum was angry. She spoke to us.
5. My neighbour is a careless driver. He drives .
6. The painter is awful. He paints .
7. Jim is a wonderful piano player. He plays the piano .
8. This girl is very quiet. She often sneaks out of the house.
9. She is a good dancer. She dances really .
10. This exercise is simple. You
C. Fill in the correct adverb form (comparative or superlative) of the adjectives in brackets.
1. I speak English (fluent). now than last year.
2. She greeted me (polite) of all.
3. She smiled (happy)than before.
4. This girl dances (graceful) of all.
5. Could you write (clear)?
6. Planes can fly (high) than birds.
7. He had an accident last year. Now, he drives (careful) than before.
8. Ben can run (fast) than Danny.
9. Our team played (bad) of all.
10. He worked (hard)than ever before.
D. Choose the correct form (adjective or adverb).
1. Niagara Falls form a natural/naturally border between the United States and Canada.
2. Tourists visit this place frequent/frequently.
3. The Falls are very noisy/noisily.
4. You must speak loud/loudly or nobody can understand you.
5. Many years ago, the neighbouring communities lived here peaceful/peacefully.
Reading: Schedules
I) Read these texts about people working in these businesses and answer the questions:
a) Which people have a similar schedule every day?
b) What is different about the real estate industry now?
c) Which days are very important in the flower delivery business?
Katrina Bieber works in the German Trade Fair Industry:
60% of all major international trade fairs now take place in my country, and January to mid-May is the really busy period. So I can usually take my annual leave in June or July and then some more off in the autumn before I start planning again for next year.
Prescott Bowden runs a real estate firm in Atlanta, Georgia:
People always think spring is good time for selling houses, but you cant predict the market these days. For example, Christmas is the time when everyone has busy schedules, so you expect real estate to have a quiet period. But last year, December was one of our best months.
Jayne Henry is a sales manager for a flower company:
We promise to deliver flowers the same day so we have very tight deadlines. We also need to be sure we have the right amount of staff. For certain public holidays or Valentines Day we need about 80 people and five team leaders. During quiet weeks we have about 10 full-time staff in the centre.
II) Find words from the text:
A tight _______ B holiday _______ busy _______ period _______ annual _______ off ________ public ________ schedule ________ busy _________ period ________ quiet _________ deadline _______ time _________ leave ________
Writing: Schedule
look at the texts above and write your own schedule.
LESSON 7
Vocabulary: Investments Grammar: Articles Reading comprehension: Investments Writing: Jobs
Vocabulary and Reading comprehension: Investments
Make a profit and make a difference The Aware Finance Ethical Investment Fund aims to offer everything you would expect from an ethical investment: capital growth, a competitive yield and the knowledge that your gain isn't at the expense of the environment or exploited workers. Naturally, we only invest in companies that have been thoroughly screened, and fully match up to ethical investment criteria. Yet Aware Finance goes one step further. 20% of the fund is invested in small, unquoted companies developing the next generation of renewable energy technologies. Of course, most of these technologies are in their infancies, and this fund is particularly aimed at investors looking for long-term growth potential. With Aware, the return on your investment isn't just financial.
The Neptune Tracker Fund
Sometimes the simple things in life are the best. With The Neptune Tracker Fund there are no investment strategies and no fund managers to pay. The fund is invested in the 100 companies that comprise the Financial Times-Stock Exchange 100 Share Index. If the FTSE 100 goes up by 5%, the value of your holding goes up 5%. It's as simple as that. Despite the promises of high growth and high return associated with managed funds, the truth is that in seven out of the last ten years on average tracker funds have equalled or out-performed managed funds. And unlike managed funds, there are no hefty fees to pay. Entry to the fund costs 1.75% of the sum invested, with a tiny 0.5% administration fee payable each year thereafter. Yields can be reinvested in the fund or can be taken as income the choice is yours.
A. Find words in the advertisements which mean the same as the words below.
1. a specific investment h_______________ 2. as good, in financial terms, as others on the market c________________ 3. checked s_______________ 4. give a higher return than o______________ -p______________ 5. income from an investment y ________________ 6. increase in value of a holding c_______________ g_______________ 7. an increase in value over several years l________ -t_________ g_________ 8. not listed on a stock exchange u_______________ 9. principles for deciding how to invest i_______________ c_______________
B. Answer the questions. 1. Which fund is probably higher risk? AWARE / NEPTUNE 2. which fund is likely to have higher fees? AWARE / NEPTUNE 3. Which fund is more suitable for investors needing a reliable yield? AWARE / NEPTUNE 4. Which fund is entirely invested on the stock market? AWARE / NEPTUNE 5. Which fund would you prefer to invest in? AWARE / NEPTUNE
C. Match the term with the definition.
1. bond a. An agreement to buy commodities, currencies or shares at a fixed price on a fixed date in the future. 2. futures contract b. Private investors can buy a small interest in a large fund invested in many companies. 3. share option c. An investment in which the issuer (often a government) promises to pay back the invested sum plus interest. 4. trust fund d. Prices are going down / up. 5. unit trust e. A fund which is managed by the trustee(s) for the beneficiary / beneficiaries. A common example is money held in a trust for a child or young person. 6. bear / bull market f. Employees are offered shares in the company at a reduced price.
D. Put the words in the spaces in the sentences.
blue chip closing price commission commodities downturn
financial adviser fixed-interest flotation issue price portfolio public company put some money into share certificates speculate
1. I've decided to __________________ stocks and shares. 2. I bought a five-year __________________ government bond. 3. Unfortunately for investors, there has been a significant __________________ in the market 4. When I bought the bond, I didn't realise that the agent who sold it to me would get a 3% __________________. 5. To get advice on personal investments, you can see an independent __________________. 6. Shell, British Airways, Sony and Nestl are __________________ companies. 7. Coffee, cotton, coal and aluminum are __________________. 8. A __________________ is owned by its shareholders, and its share price is quoted on a stock exchange. 9. Shares in Western Gas were launched with an __________________ of 50p per share. 10. The __________________ of Western Gas on the stock exchange was in 1990. 11. Yesterday's __________________ for Western Gas was 178p per share, down 2p on the day before. 12. Jason has a __________________ of shares worth about half-a-million pounds. 13. Unfortunately, all Jason's __________________ were destroyed in a fire. 14. Investing is a form of gambling. As the saying goes "You have to __________________ to accumulate".
Grammar: Articles
A. Put a/an, the, -, where necessary:
1. My grandmother likes flowers very much. 2. I love flowers in your garden. 3. See you on Wednesday. 4. I always listen to radio in morning. 5. Alex goes to work by bus. 6. Don't be late for school. 7. Listen! Dennis is playing trumpet. 8. We often see our cousins over Easter. 9. She has never been to Alps before. 10. What about going to Australia in February? 11. Last year we visited St. Paul's Cathedral and Tower. 12. Mount Everest is highest mountain on earth. 13. Loch Ness is most famous lake in Scotland. 14. most children likesweets. 15. summer of 1996 was hot and dry. 16. Plaza Hotel is on corner of 59th Street and 5th Avenue. 17. My sister often stays at Uncle Tim's in Detroit. 18. Our friends Millers moved to Florida last August. 19. smog is a problem in big cities. 20. Our children go to school by bus. 21. Lucy has dog. 22. Let's sing song. 23. Emily needs a new desk in her room. 24. I need blue pen.
B) Put a or an in the gaps.
C) Complete the sentences by putting a, an or the if requires. Leave the gap empty if nothing is required. (Note that that the following words are uncountable: music, fuel, fish, food, coffee, exercise.)
D) Complete the sentences by putting a, an or the if requires. Leave the gap empty if nothing is required.
Writing: Jobs Choose one of these jobs, or another job you know about: *flight attendant * dentist * architect * hotel receptionist * sales person * nurse
LESSON 8
Vocabulary: Balance sheets Grammar: Much/Many Reading comprehension: Pedals for Progress Writing: Cancellation letter
Vocabulary: Balance sheets
.
Parker Publishing Group Plc Balance Sheet
Audited for the year to March 31st 2007 million
____________________________________________________________________________ Fixed assets Property 47 Fleet 9 Computers and other equipment 2 Total fixed assets: 58 ____________________________________________________________________________ Current assets Stock 5 Money outstanding 12 Other current assets 2 Total current assets: 19 ____________________________________________________________________________ Liabilities Current liabilities: 7 Long-term liabilities: 23 ____________________________________________________________________________ Assets less liabilities: 47 ____________________________________________________________________________ Money invested in Parker Publishing Share capital (40m 50p shares) 20 Reserves: 98 Total: 118
A. Match the words from the balance sheet with the definitions. 1. property a. vehicles (cars, delivery vans, lorries etc.) 2. fleet b. not yet paid (in this case, not yet paid to Parker Publishing) 3. stock c. money in deposited in bank accounts 4. outstanding d. land, buildings and parts of buildings 5. current liabilities e. money which must be paid out within one year 6. long-term liabilities f. money which must be paid out after one year 7. share capital g. goods not yet sold 8. reserves h. money raised by issuing
B. Write the words into the spaces.
arm cash flow founded in its own right liabilities outstanding pounds' worth sale or return subsidiary tied up trading went public Parker Publishing was 1_________________ in 1872 by Hieronymous Parker, originally as the publisher of a religious periodical called The Preacher. It now specialises in lifestyle magazines, and, through its 2_________________ Tekpress, also publishes several highly successful periodicals on consumer interest subjects such as computing and hi-fi. The distribution 3________________ also distributes magazines from other publishers, and has become highly profitable 4_________________. The company 5_________________ in 1987. The shares, originally priced at 50p, are 6_________________ at the time of writing for around 3.20. Like many magazine publishers, Parker are vulnerable to 7_________________ problems. As their magazines are on 8
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