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4. Answer the questions.

  1. What is profit?

  2. At what point does the employer obtain his surplus?

  3. Who may he be required to share it with?

  4. What do most businesses need?

  5. Why Is there always an element of risk In providing capital?

  6. Who bears the risk?

  7. What justifies the risk?

  8. How is the past used to finance the future?

  9. What do people "plough back" into the system?

  10. Why is it ploughed back?

  11. What examples of private capital are given?

  12. What examples of public capital are given?

5. Which of thise statements are false? Why?

  1. Labour is work performed by an employer at a negotiated rate.

  2. The expenses of a business are pan of its surplus.

  3. Usually new businesses need capital.

  4. Because businesses may not always be successful, there is always some risk involved in financing new enterprises.

  5. The surpluses which people provide to help new businesses arise from previous economic activities.

  6. Communistic economies also have policies of saving surpluses.

  7. A nation's capital in economic terms is the city where the government is situated.

III семестр Повторение видо-временных форм английского глагола.

1. Read the text.

Where and how to hire an employee?

An employer has several options to consider when he wants to hire a new employee. First of all, he may look within his own company. But if he can't find anybody suitable for the position he will have to look outside the company. If there is a personal office in the company, he can ask them to help him to find a qualified applicant. The employer can also use another valuable sources, for example, employment agencies, consulting firms, placement offices and professional societies. He can also advertise in a newspaper or in a magazine and request candidates to send in resumes.

The employer has two sets of qualifications to consider if he wants to choose from among the applicants. He must consider both professional qualifications and personal characteristics. A candidate's education, experience and skills are included in his professional qualifications. These can be listed on a resume. Personal characteristics, or personality traits must be evaluated through interviews.

2. Answer the questions.

1. Which options should an employer first consider when he wants to hire a new employee?

2. What service does a personnel department provide?

3. In what way can be the new employees be found outside one’s company?

4. What qualifications does the employes consider in chosing an employee?

5. What is meant by “professional qualification” for a job?

6. What personal characteristics does the administrator consider when choosing an employee?

3. Choose the necessary word and put it in the sentence.

1. We are going to interview three ...

1 to advertise

or the position.

2. If you need applicants for this po-

sition, ... in a special section of the

2 resume

local newspaper.

3. Personnel office will help you to

3 employee

find a new...

4. All the information about the staff

4 applicant

of the firm can be found in ...

5. She has a good... for the position:

5 personnel office

a college degree, good work experience.

6. I want to find a new secretary,

6 qualification

so I'll call an employment ...

7. If you are an applicant for the

7 agency

position, you have to write your ...

8. Don't ask him ... questions, it will

8 personal

be impolite.