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Латыгина Базовый курс економики на англ.doc
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Complete these sentences using the correct form of one of the words above. Make your own sentences to show that you understand the difference in their meaning.

  1. She … some American history in high school.

  2. I just … that the payment is due tomorrow.

  3. He is … how to use a computer.

  4. We … about the accident from my friend.

  5. She lost so much money in the stock market that she … a lesson.

  6. Please … when they will discuss the terms of the merger.

  7. When did you … about the acquisition of their companies?

  8. We were glad … this good news.

  9. We have not yet … whether he got the profit.

  10. Please … how to get there.

  11. Most of these business stories are true and we can … a lot from them.

  12. I am returning the machine so you can … what is wrong with it.

Exercises in Comprehension

Ex.1. Answer the following questions:

  1. What can we often witness in the world of business?

  2. Why do companies join with or buy other companies?

  3. What happens when companies combine?

  4. What do we mean by “making an acquisition”?

  5. What types of takeover exist in business?

  6. What is a hostile (a friendly) takeover?

  7. What do you have to do when you want to buy a company?

  8. What is a buyout?

  9. Why do businessmen restruct their business?

Ex.2. What is the difference between:

a hostile takeover – a friendly takeover

a buyout – a takeover

a merger – an acquisition

Ex.3. Sum up what the text says about:

  • a merger,

  • making an acquisition,

  • two types of takeover,

  • a buyout.

Grammar Revision

Past Perfect Simple

We use the Past Perfect Simple

  • to talk about an action or event in the past that happened before another action in the past. The second action in the past is in the Past Simple

He had abandoned his business by the time I arrived in this city.

  • to talk about an action or event in the past that happened before a definite time in the past.

I had never been to London until this year.

  • to give a reason for a past event or action

He didn’t come because he had missed the train.

Ex.1. Choose the correct variant.

  1. He established/had established his business in 2001.

  2. I was late for the company meeting because I missed/had missed the 6 o’clock bus.

  3. She entered the University after she graduated/had graduated from the business school.

  4. We arrived late at the stadium and the football match had started/started.

  5. When we came back to the hall, the guests left/had left.

  6. Her face was familiar, I met/had met her at the university before.

  7. Most of the delegates arrived/had arrived by the time I got there.

  8. The general manager reported that our company had/had had a successful year.

  9. Before these two companies merged, their profit was/had been very low.

  10. The plane left/had left when we arrived at the airport.

  11. Did you manage to see your boss, or has he gone/had he gone by that time?

  12. They were/had been our customers before we diversified our business.

Ex.2. Complete these sentences using the correct form (Past Perfect Simple or Past Simple) of the verbs in brackets.

  1. He already (work) in business before he joined our company.

  2. We (win) a controlling share of the company before they went out of business.

  3. They just (start) their business when we worked out a programme of restructuring.

  4. As soon as this company (be privatized) their expenditures increased.

  5. After they (invest) in this business, our share prices went up.

  6. They (decide) to work together and (form) a joint venture.

  7. As soon as our business (expand) we began to buy shares in other companies.

  8. Several years ago these two companies formed a joint venture but they (remain) separate legal entities.

  9. The regulations (change) before we took over this company.

  10. When they (make a bid) for a computer company they were ready to buy it at that price.

  11. I couldn't get into the office because I (leave) my keys at home.

  12. Our manager was in a very good mood because we (win) a profitable contract.