Underline the correct answer. The first sentence has been done for you.

1. I want to introduce you to Sam. He is a colleague of my brother’s/my brother’s colleague.

2. White Square is one of the most well-known business centers in Moscow/one of Moscow’s well-known business centers.

3. Would you like a glass of wine/a wine glass?

4. These are documents of Jack/Jack’s documents.

5. Didn’t we meet you at Chris’s/at Chris’s office last month?

6. At the end of the meeting/at the meeting’s end they agreed to freeze Mr. Dexter’s salary/ the salary of Mr. Dexter/Mr.’s Dexter salary on the installation of monitoring systems.

7. The decision of the government/the government’s decision to ban the import of some products from the USA and Europe was met with some criticism by citizens.

8. What is the name of the street/ the street’s name where there office is situated?

9. The results of yesterday voting/yesterday’s voting were nullified after a close examination.

10. The cost of a new computer/a new computer’s cost was added into the accounting system.

2. Paraphrase the following phrases using the apostrophe s. The first sentence has been done for you.

1. The office of the CEO. The CEO’s office.

2. The investigations of the auditors

3. The meeting of the employees

4. The policy of the company

5. The speech of the Minister of Finance

6. The business of my father-in-law

7. The meeting that lasted two hours

8. The newspaper that is published today

9. The conference that lasted four days

10. The area of work of Mike and Janette

11. The email addresses of these men

  1. Make compound nouns from the nouns given in each group, use of where necessary. The first sentence has been done for you.

1. Meeting, sales, staff, forecast. Sales forecast, staff meeting.

2. Survey, liability, market, admission

3. Access, release, press, Internet

4. Company, loss, confidence, profits

5. Plan, expenditure, contingency, capital

6. Stock, response, option, speed

7. Contract, loan, bank, insurance

8. Invoice, expertise, discounting, lack

9. Offer, bank, overdraft, job

10. Capital, cost, venture, progress

  1. Put the verb to be into the correct form in Present Tense and fill in the gaps with the correct pronoun. The first sentence has been done for you.
  1. Her advice sounds (to sound) reasonable, in my view, we should follow it.
  2. The information provided by their department __ (to be) convincing, you don’t need to check it. In this position, experience __ (to be) more important than qualifications, believe me.
  3. The contents of the financial report __ (to be) made public recently so general public __ discussing __ now.
  4. This _____ the most effective means of production and five thousand dollars __ (not to be) a large sum to pay for __.
  5. Here __ the money I can lend you, take __ and pay your debts.
  6. The proceeds of the sales __ (to be) quite high, we can spend __ on a marketing campaign.
  7. There __ (to be) enough reliable evidence to suggest that data __ (to be) incorrect.
  8. Latest news from the Middle East __ shocking, I’ve listen to __ on live broadcast.
  9. Their premises __ (to be) big enough, moreover there __ (to be) a lot of machinery in their factory and skilled staff who can operate __ .
  10. Their criteria __ (to be) too vague, we can’t make our choice relying only on __ .

Speaking

Answer the following questions with a partner.[50] Discuss your answers.

6.__is the time that elapses between issuing replenishment order and receiving the material in stores.

a. Replenishment time

b. Lead time

c. Idle time

2. __is the task of buying goods of right quality, in the right quantities, at the right time and at the right price.

a. Supplying

b. Purchasing

c. Scrutinizing

3. Which is not a part of 5R’s of buying?

a. Right Quality

b. Right Quantity

c. Right Source

d. Right Price

e. None of the above

4. Purchasing responsibilities can be divided into Buying, Clerical and __division.

a. Packing

b. Traffic

c. Record

d. Follow up

5. The first activity of Purchasing cycle is

a. Communicating requirement to the purchase

b. Source Selection and development

c. Recognizing the need for procurement

d. Inspection of goods

6. Buying according to the requirements is called __.

a. Seasonal Buying

b. Hand to mouth buying

c. Scheduled Buying

d. Tender Buying

e. Speculative Buying

7. Procuring an item in staggering deliveries according to the delivery schedule finished to the supplier by the buyer.

a. Seasonal Buying

b. Hand to mouth buying

c. Scheduled Buying

d. Tender Buying

e. Speculative Buying

8. Buying of the annual requirements of an item during its season.

a. Seasonal Buying

b. Hand to mouth buying

c. Scheduled Buying

d. Tender Buying

e. Speculative Buying

9. Raw Materials and WIP can be classified under-

a. Indirect Material

b. Direct Material

c. Finished Material

d. Standard Parts

10. __are the basic materials which have not undergone any conversion since their receipt from suppliers.

a. WIP

b. Raw Material

c. Finished Parts

d. Work Made Parts

Reading 2

a. Read the text bellow focusing on the following questions:

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