Copy by inserting the missing letters and placing punctuation

 

Exercise 1.2

Write down the word professional professional orientation and set them on the Kazakh language

Exercise 1.3

Answer the questions

1. What is the financial market?

2. As interpreted the concept of the financial market in the economic literature and business practices?

3. What is the object of purchase - sale in the financial market?

4. What is called the stock market?

 

Practice 13. International trade policy.

 

The art of managing

Managing people is no longer simply a responsibility - there is now an increasing recognition of the importance of the skill of people management. How well or badly a team is managed can affect employee retention, productivity, creativity and even your employees’ health. So it makes good business sense to be an effective people manager. If you are unsure about where to begin, here are five steps to get started.

Adopt a People-Focused Culture

There is good reason why some of the world’s top organisations attribute their success to their people. By treating their employees as the most valuable asset of the company, they achieved impressive results and became more competitive across many fronts. These companies tend to create a favourable brand perception (internally and externally) by treating their staff well, and this helps them when they need to attract talent. By making sure your employees know that they are valued and are seen as part of the company’s growth and success, you will find they become more energised, will think more creatively and will be more willing to take ownership of what they do.

Be a Leader, Not a Manager

Many business managers are often trapped in the daily operations of running their companies or assigned divisions. While micro-managing all aspects of a business will probably make you a strong manager, it won’t necessarily make you a great leader.

In today’s world, to remain competitive, your company needs inspiring leaders who can inject enthusiasm into the work environment and make employees excited about their job, as opposed to having staff who simply ‘do as they are told’.

A great business leader moves people to extraordinary performance and is able to communicate his or her vision to the staff and get their buy in. Genuine leadership cleverly uses talents to bring about real and limitless productivity, as employees begin to emulate and internalise their leaders’ positive attitude and approach to work, especially when these leaders support them wholeheartedly

VOCABULARY

The business leader - the person who manages other employees.

The company - economic, industrial or commercial establishment that enjoys legal personality.

Words or phrases:

- responsibility;

- skills of managing;

- daily operations

- micro-managing

- inject enthusiasm

 

Exercise 1.1

Answer the questions. One of the responses record

1. What does it mean to have his case?

2. Why is the word in the text matter is written with a capital letter?

3. How do you think it takes to succeed in business?

4. Why do people give so much importance to their work?

5. What is the entrepreneurial idea?

Exercise 1.2

Formulate an idea that business idea you would be inspired to open a business?

Exercise 1.3

Data noun pick agreed definitions of text

Business, participation, income, role, employees, assistants firm.

 

Exercise 1.4

Discussion " What form should the manager held a meeting with his subordinates"

Practice 14. International monetary fund.

 

Text 1. The wage system

In their plan for the reconstruction of society, the Collectivists commit, in our opinion, a double error. Whilst speaking of the abolition of the rule of capital, they wish, nevertheless, to maintain two institutions which form the very basis of that rule, namely, representative government and the wage system.

As for representative government, it remains absolutely incomprehensible to us how intelligent men (and they are not wanting amongst the Collectivists) can continue to be the partisans of national and municipal parliaments, after all the lessons on this subject bestowed on us by history, whether in England or in France, in Germany, Switzerland or the United States. Whilst parliamentary rule is seen to be everywhere falling to pieces; whilst its principles in themselves--and no longer merely their applications--are being criticized in every direction, how can intelligent men calling themselves Revolutionary Socialists, seek to maintain a system already condemned to death?

Representative government is a system which was elaborated by the middle

class to make head against royalty and, at the same time, to maintain and augment their domination of the workers. It is the characteristic form of middle-class rule. But even its most ardent admirers have never seriously contended that a parliament or municipal body does actually represent a nation or a city; the more intelligent are aware that this is impossible. By upholding parliamentary rule the middle class have been simply seeking to oppose a dam between themselves and royalty, or between themselves and the territorial aristocracy, without giving liberty to the people. It is moreover plain that, as the people become conscious of their interests, and as the variety of those interests increases, the system becomes unworkable. And this is why the democrats of all countries are seeking for different palliatives or correctives and cannot find them. They are trying the Referendum, and discovering that it is worthless; they prate of proportional representation, of the representation of minorities, and other parliamentary utopias. In a word, they are striving to discover the undiscoverable; that is to say, a method of delegation which shall represent the myriad varied interests of the nation; but they are being forced to recognize that they are upon a false track, and confidence in government by delegation is passing away.

 

VOCABULARY

Price - цена.

The price index - an indicator of the relative change in the average level of prices of goods in time or territorial aspect.

Индекс цен – показатель, выражающий относительное изменение среднего уровня цен товаров во времени или территориальном разрезе

 

Words or phrases:

- Labor costs;

- Time-based salary;

- Tariff system;

- hourly payment.

 

Exercise 1.1

Make the words of the proposal, indicating that the word in it bound by a common economic content. Try to use as much as possible of the proposed words. Record offer

The company, products, price, labor, monopoly production.

 

Exercise 1.2

Highlighted words replace antonyms

Price increase; fast growth; the main place; moderate pace; excess release; the state budget; negative results.

 

Exercise 1.3

Make parsing of the last sentence

 

Exercise 1.4

Business game " Getting the first salary"

 

Exercise 1.5

By the term of the left column pick up the definition of the right

 

Table 2 - Choose definition

Commercial	science that studies how people allocate resources to meet their needs.
The monopoly	goods and services, which our country buys from other countries.
Business	Agreement on joint commercial activities
Budget	Economic activity aimed at making profit.
Import	market of one seller, displacing other.
Contract	exchange of goods and services
Economy	plan of income and expenses.

Exercise 1.6

Emphasize those words that, in your opinion, represent economic concepts. Justify your choice. Make up and write two sentences using the words chosen with economic content. Try to incorporate every suggestion as much as possible economic concepts:

The company, farm, city, monopoly, state, environment, industry, finance, credit, customs, country, trade, competition, the knockout, limited, market, music, need, chart, army resources.

 

 

Exercise 15. Worldwide trade organization.

 

 

Professional ethics

Professional ethics encompass the personal, organizational and corporate standards of behaviour expected of professionals.

Professionals, and those working in acknowledged professions, exercise specialist knowledge and skill. How the use of this knowledge should be governed when providing a service to the public can be considered a moral issue and is termed professional ethics.

Professionals are capable of making judgements, applying their skills and reaching informed decisions in situations that the general public cannot, because they have not received the relevant training. One of the earliest examples of professional ethics is the Hippocratic oath to which medical doctors still adhere to this day.

VOCABULARY

professional - профессионал

judgement - осуждение

moral issue - моральная проблема

Business - бизнес

ethics - этика

 

Words or phrases:

- skills;

- relevant training;

- Hippocratic;

- public;

- standarts of behavior;

- general public.

 

Exercise 1.1

Replace the complex simple sentences:

1) Professionalism is directed to high-end - the skill, honest intertwined with integrity, wisdom, duty, knowledge, understanding and experience;

2) Each profession has a code of ethics governing the ethical behavior of its members, ie;

3) Greenwood, summarizing the results of sociological research, led 5 general properties common to all occupations.

 

Exercise 1.2

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