新编剑桥商务英语(高级)第三版5.1
更新时间:2023-08-31 23:18:01 阅读量: 教育文库 文档下载
5.1
Money and finance VOCABULARY Money expressions
1 How do you interpret this quotation?
‘Money often costs too much.’
Ralph Waldo Emerson, Essayist
2 Complete these flow charts. Use the words in the box.
1 borrow money →________ money→pay back money
2 _______ money→charge interest→make a profit
3 order goods →be _______ for the goods →pay for the goods 4 _______ money on a horse →win money→collect your winnings 5 _______ money in shares →earn interest→ buy more shares 6 go to the bank → ________ some money→spend the money 7 put your car up for sale→receive an offer→ _______ a deal
8 find a car you want to buy → negotiate a discount → ________ money 9 _______ business → make a profit →reinvest the profit 10 be short of money →take out a loan→_______ the loan
3 What’s the difference between the following?
1 win money and earn money
2 lend and borrow money
3 spend and waste money
4 costs and is worth £300
SPEAKING
A bank loan
4 Work with a partner. Take the roles of bank manager and loan applicant and act out the conversation. Look at the notes and plan what you are going to say.
LISTENING A culture of debt
5 Discuss these questions.
1 Is it easy to get credit in your country, for example, to
buy a house, a car, a new TV?
2 Is consumer confidence high at the moment? Why? /
Why not?
Exam Success 3 What is people’s general attitude to borrowing in your
country?
Your answer will be
exact word-for-word 6 You will hear part of a lecture given by an economist to phrases from the a group of bankers and economists. In it she describes listening text. They the impact of Alan Greenspan’s economic policy on must be spelt the US and global economies. A friend who can’t attend correctly has asked you to take some notes. Before listening
predict the kind of words that will go in each space.
7 Listen and complete the notes below. Use up to three
words in each space.
Business MAGAZINE
THE LEGACY OF ALAN GREENSPAN
The background
1 Alan Greenspan changed people’s attitudes to ________________.
2 People have been against borrowing money since _____________.
3 Now young people take out loans to pay their way through_________.
4 For many homeowners it’s normal to have a second _________.
The current lending market
5 Credit is easy and interest rates are_________.
6 Banks often lend money _________.
7 In some states it’s possible to get a Mortgagee with no ________.
Reasons for this policy
8 As long as people are spending,_________.
9 In Germany, in times of uncertainly people tend to _________.
The future
10 In 2005 American personal debt was_________________.
11 Some people say we are sitting on _____________.
12 Asset values will not continue to rise ______________.
8 Do you think a policy of borrow and spend helps the economy? Or
do you think sooner or later there will be a debt crisis?
9 Explain the following financial terms from the text.
1 to remortgage your home
2 to make a down-payment
3 asset values will crash
4 to be in negative equity
5 64 trillion dollars
GRAMMAR Expression of comparison
1 Underline the expressions of comparison and the adverbs /
prepositions that go with them.
0Warsaw is much 1 I find the train more comfortable than the bus.
2 Wal-mart is the biggest food retailer in the USA.
3 It’s not as expensive as you think.
4 The two articles present the same arguments as each other. 5 Hungarian is a different language to German.
6 Australian food is similar to New Zealand’s.
7 It took me less time than I thought it world.
8 The average American consumes twice as much energy as the
average European.
2 What word(s) could you add to the statements in exercise 1 to show that the difference (or similarity) is big? Use these words to help you (sometimes there is more than one possibility)
Warsaw is much cheaper than Oslo.
3 Make comparisons (differences and similarities) between the following. 1 you and another member of your family (father, mother, brother, sister, etc) 2 two cities you know well
3 two employers or teachers you have had
4 your own country and another country you have visited
5 two companies you have worked for or colleges you have attend
4 Read this article about energy consumption in the USA. Write one word to
fill each gap.
SPEAKING Choosing an investment
5 In the city where you live (180,000 people), two independent
cinemas have recently come up for sale. Both are in a popular
suburb of the city. The city has three other cinemas-a big
out-of-town mutiplex, a six-screen cinema in the centre of
town and a small independent in a different suburb.
The details of the two cinema are given below. Study the
information and decide which you think would be a better
investment.
6 Discuss your ideas with your partner, explaining your reasons.
Use the language box to help you.
VOCABULARY Company finance
1 What financial mistakes do you think small businesses most
commonly make? Work with a partner and make a list.
Not taking out insurance to cover the sudden loss of a senior /
key employee.
2 Put these words into the right place to make pairs of
financial terms.
1 income ___________ 6 dividends ___________ 2 assets ____________ 7 creditor _____________ 3 gross _____________ 8 profitable ___________ 4 current _____________ 9 accounts payable ______
3 Using the words in exercise 2 complete this passage from an
online guide for investors.
Understanding financial statements
To make good investment decisions, you need to understand the business you’re investing in. knowing when to buy and when to sell depends not only on
understanding the market in general but also the financial health of the company. Your first port of call: the annual report.
This contains the accounts-the balance
Sheet, the income statement and the cashflow statement. We’ll deal with just the important. With all financial statements, you must compare the sets of figures from recent years to see how the company is developing.
The balance sheet is a snapshot of a company’s financial position at a given moment. Imagine tomorrow you make a list of everything you own (including what in others owe to you)-house, car, money in the bank, etc. these are your (1) _______. Set against these everything that you owe-mortgage, credit card bill, etc. These are your
(2) _______. The two columns are what make up the balance sheet.
With a company balance sheet you also need to consider the shareholders’ equity (the shares owned in the company by others). The basic equation is assets=liabilities + shareholders’ equity.
The (3) _________ assets of a company are its buildings and equipment. As an investor you should pay particular attention to two kinds of current asset-the stock and the accounts receivable (money owed to the company by customers). If the amount of stock is growing fast, then it could be that stock isn’t moving. If the accounts receivable figure is large, then the (4) ________ aren’t paying their bills quickly enough. On the liability side look to see whether the debt, both short and long term, is increasing. Is the company borrowing more and if so, why? Read the notes to the accounts-maybe they will explain anything unusual. Look also at accounts (5) ______ to see if the company is paying its creditors on time.
The income statement (sometimes also called the profit and (6) _________ account) shows the company’s income and (7) ________ over a given period. It lists all the money generated by sales (the turnover) plus any other income, minus all the costs involved in running the business. This produces the gross profit that tells you if the business is healthy and operationally (8) _______ (9) _________ profit is the proverbial bottom line. It represents profit after tax and interest have been paid and is the amount that can be distributed to its shareholders in (10) _________ (though generally a part of this profit is retained for re-investment).
As you study the income statements of recent years, get out your calculator and do some sums.
Are sales growing? Are costs growing faster than sales or is the profit margin being maintained? What are the forecasts for future growth? Did any of the income come from the sales of assets?
4 What do these words and phrases from the passage on page
50 mean?
1 your first port of call
2 a snapshot
3 over a given period
4 the bottom line
5 do some sums
READING A financial summary
5 Study this financial summary of Tesco plc, Britain’s largest
supermarket chain. Find the following items.
1 the turnover
2 the profit made after tax
3 the value of the company
4 the cash still available after other investments
正在阅读:
新编剑桥商务英语(高级)第三版5.108-31
行政个人工作计划范文.doc04-09
乡村的田野作文500字06-27
万科(VANKE)招商手册08-12
表扬性通报与批评性通报格式范文02-11
幼儿园一日活动流程及合理性分析03-08
中医药管理局项目结题报告03-08
- exercise2
- 铅锌矿详查地质设计 - 图文
- 厨余垃圾、餐厨垃圾堆肥系统设计方案
- 陈明珠开题报告
- 化工原理精选例题
- 政府形象宣传册营销案例
- 小学一至三年级语文阅读专项练习题
- 2014.民诉 期末考试 复习题
- 巅峰智业 - 做好顶层设计对建设城市的重要意义
- (三起)冀教版三年级英语上册Unit4 Lesson24练习题及答案
- 2017年实心轮胎现状及发展趋势分析(目录)
- 基于GIS的农用地定级技术研究定稿
- 2017-2022年中国医疗保健市场调查与市场前景预测报告(目录) - 图文
- 作业
- OFDM技术仿真(MATLAB代码) - 图文
- Android工程师笔试题及答案
- 生命密码联合密码
- 空间地上权若干法律问题探究
- 江苏学业水平测试《机械基础》模拟试题
- 选课走班实施方案
- 剑桥
- 商务英语
- 新编
- 高级
- 5.1
- 数字电视机顶盒维修技术解析--心得体会
- 28)2015年广西职业院校技能大赛中职组《物联网技术应用与维护》赛项实施方案
- 现代文学参考资料
- 语文中常用的表达方式有哪些
- 金渤海岸现代服务业发展区规划环境影响报告书简本
- 江苏大港股份有限公司累积投票制实施细则
- 高一人教版必修一政治知识点整合
- 现代学校心理辅导
- 45#钢金相图
- 开发区10周年纪念宣传画册策划制作方案
- 《财务管理》综合练习题及答案
- 天津市2014年会计从业资格无纸化考试《会计基础》模拟试卷3
- 诺基亚LTE基站简介
- 七年级上册生物期末试题及答案
- 凝汽器胀管工艺
- 风扇产品规格书样板
- 益民超市员工培训考核试卷
- 旅游安全事件与旅游目的地营销
- 中国民航大学朝阳飞行学院(天津杰普逊国际飞行学院)招收培养飞行...
- 如何做一个受欢迎的人--你是受人欢迎的人吗?