VIII. Read and translate jokes:

Employee - "I have been 10 years doing three men's work for one man's pay. Now I want a raise".

Employer (slightly Scotch) - "I can't give you a raise but if you'll tell me who the other two men are I'll discharge them".

***

The company commander asked the company.

"Where do you keep your papers?" "In a strong box,

sir." "Is it reliable?"

"Yes, it is. You can't open it with any key." "How do

you open it then?" "With a nail", was the reply.

IX. Match the word on the left with the statement on the right:

1. Listed company A term used to describe membership on an exchange,

2. A broker Fee paid to a broker for executing a trade.

3. Market price A company whose securities are traded on an

4. Asked quotation organized exchange.

An employee of a stock exchange who accepts buy and sell

5. Commission orders from customers. Last reported price at which a security

was sold on an exchange.

6. Seat Price at which a security is offered for sale on an exchange.

10. Read and translate the meanings of the following terms. Translate the sentences with them.

Tax (noun) - is a sum of money that a government takes from people's income, company profits, the sale of goods, etc. to be used for public spending.

Tax (verb) - to demand a sum of money from a particular source.

1. The government has increased the tax on cigarettes. 2. Cigarettes are heavily taxed in Britain. 3. The government claimed it would lower taxes. 4. Corporation tax in Britain is a tax on the profits of limited companies. 5. The tax isn't charged on the gain made from the sale of a person's home, car, personal possessions sold for less than a certain sum. 6. Hie government always taxes sales of alcohol.

Loss - 1) is money lost in a business deal; a financial deficit; 2) is a person or a thing lost; 3)is the act of losing something; 4) is damaged or stolen property for which the cost of replacing it is paid by an insurance company.

Small businesses have suffered substantial losses in recent years. 2. The factory closed down with a loss of 500 jobs. 3. The marine insurance covers loss or damage due to storms or collision. 4. Not all loss actually suffered by the plaintiff as a result of the defendant's breach may necessarily be claimed.

11. Translate the following extract in written form:

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Internal auditing reviews the reliability and integrity of information, compliance with policies and regulations, the safeguarding of assets, the economical and efficient use of resources, and established operational goals and objectives. Internal audits encompass financial activities and operations including systems, production, engineering, marketing and human resources.