Professional Documents
Culture Documents
1. Laos has won...................to join the World Trade organization. (APPROVE) 2. Representatives of the US Department of Justice adviced HP that they had opened an ........................relating to Autonomy. (INVESTIGATE) 3. Ericson is one of the earliest...................in the telecommunications field. (INNOVATE) 4. The..................of recovery will not be strong enough for the economy to catch up to its potential growth rate. (STRONG) 5. The.......................recovery in the US remained fragile and consumer demand is slowing.(ECONOMY) 6. The Bank of Japan is already under..........................from new Prime Minister to take steps aimed at tackling deflation. (PRESS) 7. Job insecurity will remain high and..........................will rise to 2.63 million. (EMPLOY) 8. ..........................fear that the area may never recover and its beauty will be lost forever. (ENVIRONMENT) 9. Tesco Bank has entered the increasingly.......................price war between personal loan providers. (COMPETE) 10. Investors still had......................in the country despite a series of corruption scandals. (CONFIDENT) ___ out of 10 2. Fill in the missing word if necessary (only one in every space). 1. Non-.................sources of energy are those whose supplies are limited. 2. Our firm is involved...............environmentally friendly projects. 3. Will the Slovak government be able to meet..............its spending targets? 4. Unfortunately, there is a lack................information about the new production process. 5. We are.....................forward to seeing your new advertising campaign.
6. You should do extensive market- testing before you.............the product. 7. What is the.............rate of the forint to the euro now? 8. High tax burden encourages tax...............and evasion. 9. Tesco has merged.............Sainsbury to become the largest grocer in Britain. 10. Last year the company went................and was taken over by its rival. ___ out of 10
3. Complete these sentences with the following words. Use each word once only. revival innovative quarter buoyed market iconic skyrocket trading struggling soaring
Apple Inc., the (1) ____________ and pioneering technology company, was briefly the worlds most valuable company on Wednesday. It went neck and neck for the top spot with the oil giant Exxon. At one point in the days trading, Apples shares went up six per cent on the Nasdaq exchange to put its (2) ____________ capitalisation at $446 billion. This was higher than Exxons $417 billion valuation. However, at the close of (3) ____________, Exxon was up half a percentage point at $418 billion, slightly ahead of Apple, which went down to $416 billion. Apples figures were (4)_____________ by news of its record profits in the last (5) ____________ of 2011. It made $13 billion in profit on $46 billion in sales. Analysts predict Apple will soon overtake Exxon. Apples success has been phenomenal. It was (6) ____________ to make a profit fifteen years ago but experienced an incredible (7) ____________ of fortunes after co-founder Steve Jobs took over as CEO in 1997. He turned the company round with (8) ____________ products like the iPod, iMac, iPhone and iPad, which helped the companys profits (9) ____________. The past three months is one of the most profitable ever for an American company. In that period it overtook Hewlett Packard as the worlds biggest computer maker and took in more revenue than Google. Apples profit per employee now exceeds $400,000 a year. The introduction of the iCloud and (10) ____________ demand for the iPhone 5 this year should see the companys value continue to surge. ___ out of 10
4. Finish each sentence such a way that it means exactly the same as the sentence before it.
1. It is difficult to argue with the new boss. The new boss is..................................................................................... 2. I will never work with inexperienced suppliers again, said the CEO. The CEO said........................................................................................ 3. It is a pity I have not received a company laptop. I wish....................................................................................................
4. Parking is not permitted in front of the office building. You are.................................................................................................. 5. Mr Smith became the supervisor of our team two years ago. Mr Smith............................................................................................... 6. Our company offers an attractive salary and an anual performance bonus. Both....................................................................................................... 7. Will the downturn affect our economy? Will the downturn have........................................................................... 8. People are already angry with receiving junk-mails. Receiving................................................................................................ 9. Many American customers were interested in buying our latest model. There was great ...................................................................................... 10. To get this job you are supposed to speak foreign languages. You will not be........................................................................................ ___ out of 10
READING 1
4. Most of the western economies has shown significant growth since 2010. 5. Recent US data forecasts positive changes for 2013. ___ out of 5
2. Answer the following questions briefly. 1. What was the UK economy like in the years of 2010-2012? 2. Shortly describe the cyclical pattern western economies usually experience. 3. What happened in the first phase of the credit crisis? 4. What does UK have common with the eurozone economies? 5. List some positive indicators for the year of 2013. ___ out of 10 3. Choose the correct alternative. 1. slashing prices a) decreasing prices b) stabilising prices c) increasing prices 2. hard-up consumer a) consumers able to spend a lot of money b) consumers who cannot afford spending a lot of money c) impolite consumers 3. crab-like performance a) slow performance b) rapid performance c) extraordinary performance 4. double-dip recession a) short recovery followed by another recession b) long term recession without signs of recovery c) worldwide recession 5. subsistence economies a) export led economy b) struggling economy c) economic system reliant on the self provisioning of the community ___ out of 5 READING 2
workers maintaining a "grin and bear it" attitude, said John Philpott, director of The Jobs Economist. Unemployment is forecast to increase by 120,000 to 2.63 million in 2013 because growth in the workforce will exceed the number of jobs being created, Philpott said. Youth unemployment is forecast to fall below 900,000, while long-term unemployment will remain broadly the same, the report said. Pay deals will continue to be affected by unemployment, with pay increases lagging behind inflation, leading to wage cuts for workers. Philpott said he expected only limited support from workers in private firms for union opposition to public sector cuts. "Our jobs outlook for 2013 is relatively optimistic in that we expect only a modest rise in unemployment. However, the fact that this can be considered good news merely underlines the harsh reality of current economic austerity. "GDP may grow somewhat faster but 2013 will be another year of hard slog, with longer hours for those lucky enough to have jobs and a further squeeze on living standards for workers and the jobless alike. "Hard-pressed private sector workers are likely to keep their heads down and get on with the job rather than actively stand shoulder to shoulder with striking public sector trade unionists. "Workplace disgruntlement in the private sector will instead take the form of simmering distrust of bosses, especially those who adopt the trendy management speak mantra of 'employee engagement' while piling the pressure on overstretched staff," he said. The number of people in work could reach 30 million before the next general election, a separate report from the Chartered Institute of Personnel and Development has predicted. The study of the labour market said continued growth in employment was likely in 2013. But the report also warned that excess capacity had built up in some firms as employers held on to skilled and talented staff. This could lead to weaker employment growth even if the economy picks up. (from guardian.co.uk, Friday 28 December 2012 09.23 GTM) 1. Which of the statements below are true (T) and which are false (F) 1. Youth unemployment is forecasted to increase in 2013. 2. Pay increase is promised to follow the inflation. 3. The long term unemployment rate will not change in 2013. 4. Despite of GDP growth the year of 2013 will be difficult. 5. Positive econimic indicators will increase the employment rate. 6. There will be more workers than jobs created in 2013. 7. Some firms have built up extra capacity of workers. ___ out of 7 2. Find the opposites of the following expressions in the text. a. decrease b. job security c. employment
d. fluctuate e. salary increase ___ out of 5 3. Finish the following sentences with your own words. 1. Workers face .................................................................................................................. in 2013. 2. Pay deals in 2013.............................................................................................................. 3. Private sector workers...................................................................................................... 4. Youth unemployment....................................................................................................... ___ out of 8