3. Choose the correct words to complete the definitions:

dividend current shares

debtor creditor

1. A person or organization that owes money is a ____.

2. A person or organization to whom money is owed is a _________.

3. The equal parts into which the ownership of a company is divided are its ____.

4. The assets, including cash, debtors and stocks used in a company’s trading, available at the present moment, are its _______ assets.

5. The money paid to shareholders out of a company’s profits is the ________.

4. Suggest Ukrainian equivalents to the following words and word-combinations and make up sentences of your own:

   • limited partnership;

   • to be fully liable for;

   • the debts;

   • capital goods;

   • contractual;

   • insolvency.

5. A) Read and translate the text in a written form:

NATURE AND USE

OF STATISTICS (EXCERPT)

Statistics are thus used for describing and analyzing large groups or aggregates, too large or complex to be intelligible by simple observation. Thus the affairs of a community, the progress of a large business, and the productivity of a country need statistical treatment, while the O individual, the single transaction, the quantity grown in a field do not. The difference is not one of degree only, for when investigation is extended over a large area, regularity is obtained, conformity to general laws is visible, and new methods of description are required, while observation of a few cases suggests only chance and chaos. There is infinite variety in the constitution of a family, but in a community the distribution by age is nearly invariable. Men differ from each other in stature and in wealth; but simple mathematicial formulae describe the distribution as to height and as to income of the members of a nation. Statistics generalize and repair the defects of individual experience.

b) Answer the following questions

1. What are statistics used for?

2. What needs statistical treatment and what not?

3. What are the principal uses of statistics?

6. Translate into English:

1. Зменшення пропозиції створює брак грошей на грошовому ринку.

2. Ми ще не підрахували розмір наших втрат, але вони будуть за наш рахунок.

3. Ми мали численні збитки тому, що обладнання не експлуатувалося дуже давно.

4. Мені здається, всі ці питання не можна висвітлити в одній доповіді.

5. Фірма повідомила, що товар було відвантажено в строки, передбачені контрактом, але вони не несуть відповідальність за затримку в постачанні.

6. Затримка у відкритті акредитива не викличе за собою затримку у відвантаженні товару, якщо покупці повідомлять про це вчасно.

7. What kind of organization do you want to work for? Why?

• the state company;

• a private united company;

• a nationalized company;

• a partnership;

• a public limited company;

• other.

Term III

Variant III

1. Match each word on the left with the correct definition on the right:

1. bid	a) A proportion of the total share capital of a company.
2. buyout	b) Buying a majority of the shares in a company, and so winning control over the company.
3. competitor	c) Joining together of the stock of two companies, so they become part of the same company.
4. divestiture	d) The total equity capital of a company, held by shareholders in the form of shares.
5. flotation	e) An offer to buy part of the share capital of a company.
6. joint venture	f) A company which owns more than 50% of the shares in another company.
7. merger	g) The relationship between two companies, both owned by the same parent company.
8. parent company	h) Selling equity capital in a company, and so ending ownership of the company.
9. stake	i) A situation where workers or management buy all the equity (or more than 50%), or buy other assets, and so gain control of a business.
10. sister company	j) A business which is trying to sell in the same market as another business.
11. stock	k) The open sale to private investors of shares in a company on the Stock Exchange.
12. takeover	l) A temporary arrangement where two companies work together for a particular project.