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Ex.9. Write the appropriate word or phrase in the following spaces. Translate the sentences into Ukrainian

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  1. Agree or disagree with the following statements, using the strategies of speaking. Give additional information to prove your agreement or disagreement. Use the model.
  2. Answer the following questions
  3. Answer the following questions.
  4. Answer the following questions.
  5. Answer the following questions.
  6. B) Make up your own sentences with them.
  7. Clustering. Transfer this boxed subject onto your notebook page. Write related ideas, box them and connect them with lines to your subject and to each other.
  8. Clustering. Transfer this boxed subject onto your notebook page. Write related ideas, box them and connect them with lines to your subject and to each other.
  9. Clustering. Transfer this boxed subject onto your notebook page. Write related ideas, box them and connect them with lines to your subject and to each other.
  10. Comment on some of Twain’s remarks when describing the quality of student papers. Explain why the commentary is so biting. Translate the sentences into Russian.
  11. Complete the sentences
  12. Complete the sentences, using the words from Ex. 3. Three of them are used twice. The first one is done for you.

1. The firm I work for is facing … .

2. Several local companies have gone … .

3. The owner of the small business became … during the recession.

4. The company has gone bankrupt and can’t pay its … .

5. One of the company directors was appointed … .

6. The company has decided to take … .

7. It will take years … all his debts.

8. His company is … bankruptcy.

9. Small businesses in Great Britain are currently … at a rate of one every six minutes.

10. Their business is so unsuccessful. I think they are considering … .

 
 
going bust, on the verge of, to pay off, voluntary liquidation (2), liquidator, creditors, insolvent, bankrupt, bankruptcy.

 


Ex.10. Fill in the missing prepositions.

Insolvency

Insolvency is the condition … being unable to meet debts. A company is insolvent when it is unable to meet the demands … all its creditors … selling all its assets … cash. … such a situation, the creditors would apply … the business to be wound up, and ask … a liquidator to be appointed who could dispose … the assets and pay … the creditors where possible. The company would stop trading, and when the winding … is complete, cease to exist.

Notes:

to wind up – ліквідувати (компанію)

to cease – припиняти (ся)

(of (3), by, for (3), in, up, off)

 

Exercises in Comprehension

 

Ex.1. Answer the following questions:

1. What may happen to less successful companies?

2. When is a business considered to be in a state of insolvency?

3. Who are creditors?

4. When is the company declared bankrupt?

5. Who are receivers?

6. What happens to a company if it cannot be rescued?

7. What are liquidators appointed for?

8. Does the failing company have any option?

9. What should the company do if it is on the verge of bankruptcy?

10. What is voluntary liquidation?

 

Ex.2. Sum up what you remember about a bankruptcy procedure. Who can it be initiated by?

 

 

Grammar Revision

 

Modal Verbs A. Ability: can, could, be able to 1. Can and cannot/can’t are commonly used to talk about ability to do something in the present. He can speak several foreign languages.  
2. To talk about someone’s general ability to do something in the past we use could and someone’s specific ability (to do something on one occasion) – was/were able to I could read when I was five. I was able to see personnel manager without an appointment.
3. To talk about ability with perfect and future forms, the be able to structure is used. Will you be able to send this fax?
B. Permission: can, could, may, be allowed to 1. a) Can and could are used to ask for permission in the present. May can be also used but is quite formal. Could/ Can I call you back? May I use your phone, please? b) When talking about whether something is permitted or not we use can/ can’t and be (not) allowed to. Passengers are not allowed to smoke during take-off. You can leave your letter at the reception. 2. To talk about permission in the past we use could/ couldn’t and was/ were not allowed to. We were not allowed to ask any questions. 3. When talking about permission with future and perfect forms be allowed to is used. He will not be allowed to invest in this business.

 




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