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Exercise 1. Read the article and write the term that best matches each definition


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Exercise 1. Read the article and write the term that best matches each definition.
1) Business cycle
2) Depression
3) Prosperity
4) Recession
5) Recovery

1. The high point of a business cycle, when business is good.


2. An upswing in a business cycle, when people begin to get jobs and to buy more products and services.
3. The economy's move from good times to bad times a back again.
4. The lowest point a business cycle can reach.
5. A stage in a business cycle when fewer goods and services are demanded and unemployment rises, but the problems are not serious enough to cause real alarm.
Exercise 2.Describe what you think will generally happen during each stage to each of these factors.
a. Jobs — increase in number, decrease, or stay the same?
b. Prices for consumer goods - decrease, increase, or stay the same?
c. Consumer's buying habits.- buy less, buy more, or no change?
d. Number of business firms in the market - decrease, increase, or stay the same?


Task 3. Grammar


Exercise 1. Complete the sentences with suitable adjectives

cautious
different
casual
formal
idealistic

realistic
dynamic
radical
ruthless
principled

critical assertive
decisive
encouraging



distant conservative approachable
laid·back

1 She doesn't like to rush into things. She's careful and . . . . . . . . . . . .


2 He's very good at pointing out problems with people and systems in the company. He's often . . . . . . . . . . . . , but this helps make improvements.
3 He's a serious, . . . . . . . . . . . . person, both in the way he dresses and in his dealings with people. Everyone knows he's the boss.
4 She has a very clear vision for the long-term future of the company, but many people think she is too . . . . . . . . . . . . .
5 He is a very . . . . . . . . . . . . man. He sacked anyone who got in his way.
6 Our boss is friendly and . . . . . . . . . . . . She's very easy to talk to.
7 He's very . . . . . . . . . . . . . He doesn't like to try anything new now he's running the company.
8 She's very . . . . . . . . . . . . . She would never approve any policies that were remotely unethical.


Exercise 2. Complete the quotations below with the relative pronouns in the

box who which that where

1 'The job for big companies, the challenge . . . . . . . . we all face as bureaucrats, is


to create an environment . . . . . . . . . . . . people can reach their dreams. 'Jack Welch
(US business leader)
2 'He . . . . . . . . . . . . has never learned to obey cannot be a good commander.' Aristotle (Greek philosopher.,)
3 'A leader shapes and shares a vision, Charles Handy (British writer) . . . . . . gives point to the work of others.'
4 'A leader should be humble. A leader should be able to communicate with his people. A leader is someone . . . . . . . . . . . . walks out in front of his people, but he doesn't get too far out in front, to where he can't hear their footsteps.' Tommy Lasorda (US sports personality)
5 'A leader is someone . . . . . . . ..... knows what they want to achieve and can communicate that.' Margaret Thatcher (British politician)

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