Ex.I. Translate the sentences according to the model.

Model: I am thinking of starting my own business open a café.

I am thinking of opening a café

1) start a car-repair shop

2) hire a book keeper

3) fire an employee

4) consult a board of directors

5) sell my business

6) do my books myself

7) consult a lawyer

8) find a specialists

Ex.II. Translate the sentences according to the model.

Model: A book keeper will do the books

I am going to have a book keeper do the books

1) A partner will finance the business

2) A salesperson will sell the clothes

3) A decorator will design the interier

4) A lawyer will do this work

5) A secretary will mail the letters

6) A colleague will give me a piece of advice

7) A book keeper will prepare the tax report

Ex.III. Answer the questions

1. Are you thinking of starting your own business?

2. What business do you want to start?

3. How do we call the business if you go into it alone?

4. Who is going to make the decisions and control the profits in your business?

5. Do you need a lawyer if you want to start a sole proprietorship?

6. Why don’t you have to consult the partners in a sole proprietorship?

7. How many employees are going to hire for your business?

8. What does it mean to have unlimited liability? Are you ready for it?

9. What businesses have tax benefits in this country?

10. Can you do your books yourself?

11. Are you going to hire a book-keeper?

REMEMBER! Phrasal verb: do

do away with smth.– покончить с чем-то

The government has done away with the old law.

do up –1) застегивать(ся)

Do up your coat, it’s cold. This dress does up at the back.

2)прихорашивать(ся)

Jane did herself up for the party.

do out –1) выбежать

I’ll do out the living room.

do with –хотеть, нуждаться( часто используется с”can”

I could do with a sandwich, I’m hungry.

Ex.IV. Make up your own sentences with the phrasal verb: do

Ex.V. Translate into English

1. Мне нужен совет

2. Я сам контролирую прибыль своего предприятия

3. Если вы хотите заняться частным предпринимательством, обратитесь к юристу

4. Директор решает вопросы, связанные с наймом и увольнением

5. Я боюсь иметь полную юридическую ответственность

6. Я не отвечаю за производственные долги

7. Малые предприятия имеют льготы по налогообложению

8. Хороший бухгалтер сможет вести дела лучше, чем вы

9. Мне нужно нанять бухгалтера

10. Мне нужно проконсультироваться с юристом

Ex.VI. Make up the dialogue

You are going to start your own business. Ask a lawyer or an experienced person how to do it.

UNIT THREE.

BANKS and MONEY.

Lesson 1

TEXT

Banks and business

Banks are organizations that carry out the business of banking, taking deposits, and then using these deposits to make loans. Banks are different in different countries: retail banks, merchant or investment banks, savings banks, universal banks and others.

Let’s speak about the banks in the United States of America. There, commercial banks are classified into two main groups. First, there are national banks. They are charted and supervised by the Federal Government. Secondary, there are state banks. They are charted and supervised by the state in which they are operated. All commercial banks can make loans to borrowers.

Major commercial banks in such cities as Tokyo, Paris, Rio cooperated with each other. In this way they finance imports and exports between countries.

An importer buys merchandise form another country using the currency of that country. For that purpose he buys this currency from the foreign exchange department of his bank. And in the same way if an exporter receives foreign money from sales to other countries, he sells this currency to his bank. By this method the currency of any country can usually be exchanged.

Active vocabulary

carry out – выполнять

to take deposits – принимать вклады (депозиты)

retail bank – банк, занимающийся обслуживанием мелкой клиентуры

merchant or investment bank – (англ.) торговый банк

savings bank – сберегательный банк

universal bank – универсальный банк

commercial bank – коммерческий банк

national bank – национальный банк (категория коммерческих банков в

США)

to charter – учреждать, создавать

to supervise – заведовать, контролировать

state bank – государственный банк; банк штата (в США банк,

действующий по юрисдикции штата)

merchandise – товары

currency – валюта, деньги

foreign exchange department – отдел обмена валюты

to exchange currency– обменивать валюту

loan - заем, ссуда

borrower – заемщик, получатель ссуды

Speech practice:

Ex. I. Answer the questions according to the text:

1. What are banks?

2. What are the types of banks?

3. What do all commercial banks do?

4. What kinds of commercial banks in the USA do you know?

What are they called?

5. Who supervises the operations of national banks?

6. What kind of currency does an importer generally use when he buys goods from another country?