Vocabulary Exercises. I. Name the word-building elements in the given words and translate them:

I. Name the word-building elements in the given words and translate them:

To manage – manageable –managing – management – manager – managerial; entrepreneur – entrepreneurial – entrepreneurship; to produce – produce – producer – product – production – productive – productively – productiveness – productivity; profit – profitability – profitable – profiteer – profiteering – profitless.

II. Find equivalents:

1. study of accounting а. засоби виробництва

2. business organization б. облік управління

3. enterprise в. трансакція

4. factors of production г. фінансовий облік

5. input д. підприємство

6. output е. вчення про облік

7. transaction є. випуск продукції

8. means of production з. комерційна організація

9. financial accounting ж. фактори виробництва

10. managerial accounting и. фактори, що впроваджуються

III. Match the terms with its definitions:

1. accounting a. quantity goods and services produced or provided

a business organization or economy.

2. cash flow b. a person who manages financial or economic matters.

3. cost c. the factors of production required by an organization

to enable it to provide its outputs.

4. economist d. the principles and practice of systematically recording,

presenting and interpreting financial accounts.

5. accountant e. the amount of money it has to spend in order to

produce goods and services for sale.

6. factor of production f. the movement of money into and out of a business, as

a measure of profitability, or as affecting liquidity.

7. inputs g. a person who is to keep and examine business accounts.

8. output h. an input such as land or any natural resources, labour,

capital, and entrepreneurship.

IV. Answer the questions:

1. What does the study of accounting begin with?

2. In what way may the activity of an organization be presented?

3. What is business activity associated with in accounting?

4. When does a transaction occur?

5. What business activities are recognized in accounting?

6. How can transactions be classified?

7. What is financial accounting?

8. What is managerial accounting?