I. Use the proper preposition

1) … a fee 2) …a part-time basis 3) to advance smb … 4) to be close... smb 5)to be concerned …

6) to be performed... smb 7) to be responsible... 8) to buy … credit 9) to consist … 10)to convert …

11) to cope … 12) to invest … 13) to operate … a profit 14) to rely … 15)to result …

J. Give Russian equivalent to the following expressions:

fundamentals of fiscal and business administration, to rely on the expert knowledge and experience, to perform the routine work of doing smth, to operate at a profit, to close down owing to lack of funds, to be advanced to the position, loans made to the firm, money owing for goods supplied to the firm, to record figures in the books, to have a background in accounting, to interpret the data.

K. Match English terms denoting доход, прибыль, выручка, приход, денежные поступления with the given definitions. Use the dictionary to help you.

a) earnings b) gain(s)

c) income d) proceeds

e) receipts f) return(s)

g) revenue h) yield

1) most general term for money we receive for our work, investments, etc.

2) profit from a transaction.

3) income, especially the total annual income of the state from taxes

4) money earned

5) increase in wealth, profit

6) money received by a business

7) money obtained by selling something

8) income received from holding securities, esp. bonds

UNIT 4

GLOBAL FORCES

Module 1 Globalization

Starting up

v What international organizations can you name?

v What do the following abbreviations stand for?

IMF IBRD GATT EEC NAFTA OPEC WTO OECD

v Do you know their functions in the world economy?