Методические указания к выполнению контрольной работы для студентов заочной формы обучения Английский язык (стр. 3 )

…………………	1. The right to express any political or religious opinion, live, move around or act without the government or another country interfering.
…………………	2. The system that a country uses in order to make sure that people obey laws and that punishment is given to those people who break the law.
…………………	3. A rule or order that limits what you can do or prevents you from doing what you can do.
…………………	4. An atmosphere in which two or more companies try to get people to buy their goods and services in preference to the other firms’ goods and services.
…………………	5. A very sudden sometimes unexpected rise of interest rates and prices.

7. Восстановите каждое предложение.

the total/ the ten new/ have brought/ market/ countries/ 455 million people/ in the EU/ to around.

………………………………………………………………………………………………………………

The European Central Bank/ and/ maintains/ in the euro area/ price stability/ the money supply / by controlling / monitoring price trends.

………………………………………………………………………………………………………………

legislation/ the European/ makes/ on / Parliament/ and / decisions/ the budget of the EU.

………………………………………………………………………………………………………………

and/ are /currently/ Romania/ negotiating/ the EU/ Bulgaria/ to join /by 2007.

………………………………………………………………………………………………………………

the organisation/ is/ integrates/ The European Union/ which/ both politically/ 25 countries/ and/ economically.

………………………………………………………………………………………………………………

НЕ нашли? Не то? Что вы ищете?

………………………………………………………………………………………………………………

8. Передайте содержание каждого предложения на английском языке. Каждое слово переводить не обязательно. Многие фрагменты нужно взять из статьи.

В настоящее время ЕС насчитывает 25 стран.

………………………………………………………………………………………………………………………………………………………………………………………………………………………………

Для многих стран вступление в ЕС означает серьезные преобразования в области социальной и экономической политики.

Во-первых, вступившим в ЕС странам предстоит решить проблемы, связанные с безработицей.

Во-вторых, новым участникам предстоит пересмотреть в соответствии с законами ЕС многие программы по социальному обеспечению населения.

В-третьих, государства теряют независимость не только географически, но и на уровне государственного управления.

9. Отразите основное содержание статьи в объёме 5-6 предложений на английском языке.

Test 04

1. Ознакомьтесь с содержанием статьи и вставьте подходящее по смыслу слово.

a. negotiations	b. stance	c. attempt
d. submission	e. achieve	f. advantage

Takeovers and Business Growth

A takeover is the acquisition of control of another company. This is normally done by buying a controlling interest (51%) in the shares of the company. Takeovers are referred to as hostile if the firm subject to the takeover bid does not welcome the bid. If the firm being taken over (we will refer to them as the 'victim') seeks to resist the takeover, it is referred to as a 'contested takeover'.

The mechanics of a takeover centres on the intention by a firm to tempt the shareholders of the 'victim' to sell their shares to the firm doing the bidding. If, for example, a company had ten million shares currently valued at £2p, the total value of the firm (its market capitalisation) would be £20 million. The bidding firm might therefore come in with an offer of £2.20 for each share, valuing the company at £20,200,000.

If the Board advises its shareholders that this is an offer they feel undervalues the firm, then they would be likely to recommend rejecting the offer, in which case the bidding firm would have to decide whether to increase its offer. If the bidding firm is keen enough - and this would give some indication as to its view about the potential for the 'victim' following the takeover - then it will have to decide how much to increase its offer.

In some cases, the bidding firm will instruct its agents to buy a large amount of shares in the 'victim' company as soon as the market opens to signal its intention to launch its bid.

Such a strategy is known as a 'dawn raid'. It may be used as an alternative to announcing a formal takeover bid.

The process of a takeover involves a wide range of terminology that is linked to who is doing the taking over and what view the 'victim' has of the takeover. In the case of a hostile takeover, the firm making the bid can be referred to as a 'black knight'. In such cases, the 'victim' firm does not welcome the takeover (1) …… but it may well be that the 'black knight' is too strong and powerful for the 'victim' to do anything about it. A 'white knight' is a firm that may enter the fray as a 'friendly' bidder. It may be more acceptable to the 'victim' and offers a more palatable partner in (2) …… .

Other protagonists to the bidding process may well enter. A 'grey knight' is a third firm that is not welcomed by the 'victim', seeking to exploit the situation to their own (3) …… and a 'yellow knight' is a firm who originally seeks to launch a hostile takeover bid but then moderates its (4) …… and negotiates on the basis of a merger - the 'yellow' being used to imply some element of 'cowardice' in the behaviour of the bidding firm who may begin to appreciate that it will not be able to 'bully' its 'victim' into (5) …….

One final bit of terminology associated with 'white squires'. Such a firm may not be big enough to be able to take control of another firm but may well seek to buy into the 'victim' firm to prevent the 'black knight' from being able to (6) …… its takeover plans.

2. Найдите в статье английские эквиваленты следующих фраз. Все предложение из статьи выписывать не нужно. Произведите все необходимые сокращения.

Если компания достаточно прозорлива.

………………………………………………………………………………………………………………

Компания может скупать акции жертвы, прежде чем объявить о намерениях слияния.

………………………………………………………………………………………………………………

Слияние рассматривается как враждебное, если компания-объект слияния не приветствует его.

………………………………………………………………………………………………………………

«Серый рыцарь» может воспользоваться ситуацией и обратить её в свою пользу.

………………………………………………………………………………………………………………

Компания может осознавать, что она не способна воздействовать на другую компанию.

………………………………………………………………………………………………………………

Вероятнее всего, они будут рекомендовать отказаться от предложения.

………………………………………………………………………………………………………………

Эта компания может быть более приемлема для компании-жертвы.

………………………………………………………………………………………………………………

3. Ответьте на вопросы относительно содержания статьи.

1. Why is a takeover called hostile?

2. Who in a ‘victim’ company usually decides how to react on a bid?

3. What is a ‘dawn raid?

4. What is the difference between a ‘black knight’ and a ‘white knight’?

5. What company is defined as a ‘white squire’?

4. Отметьте предложенные предложения T (True - верно), F (false - не верно), NM (Not Mentioned – не упоминается).

	1. A takeover is the acquisition by a company done by buying a controlling interest (51%) in the shares.
	2. The bidding firm usually offers more than the ‘victim’ firm really costs.
	3. Agents of a bidding company buy ‘victim’ company’s shares at the beginning of market operations.
	4. A 'black knight' is a hostile takeover which the 'victim' firm does not welcome.
	5. A 'white knight' is a firm which enters the fray as a 'friendly' bidder.
	6. A 'yellow' knight is a company which is not aggressive to achieve its objectives.

5. Переведите на русский язык любой фрагмент из 10 строк.

6. Найдите в статье понятия, соответствующие каждому определению.

…………………	1. A powerful and determined to expand company seeks to control another company without its agreement.
…………………	2. Discussions that take place to reach an agreement between companies which have different interests in business.
…………………	3. What you buy if you invest money in a company.
…………………	4. Two or more companies join together to form a larger company.
…………………	5. An offer to buy part of the share capital of a company.

7. Восстановите каждое предложение.

1. government/ tobacco taxes/ the German/ a large rise/ has approved/ in/ of 1 Euro.

………………………………………………………………………………………………………………

2. many/ tax/ there/ generally/ are/ governments/ reasons/ why/ tobacco.

………………………………………………………………………………………………………………

3. consumption/ the aim/ is/ to discourage/ of a demerit good/ of the tax.

………………………………………………………………………………………………………………

4. the good/ damaging/ don’t want/ the health/ the government/ to be over-consumed/ of the nation.

………………………………………………………………………………………………………………

5. in the tobacco tax/ the government/ will/ additional/ to collect/ help/ the rise/ 4bn Euro.

………………………………………………………………………………………………………………

Компании объединяются для преодоления кризиса охватившего индустрию.

Слияние позволяет новой компании усилить свое положение на рынке.

Существует много причин, по которым ожидаемый рост может не оправдаться.

Руководство компании не может прийти к соглашению по поводу управления компании и стратегии.

Слиянию может препятствовать государство, так как оно не заинтересовано в появлении монополиста на рынке.

9. Отразите основное содержание статьи в объёме 5-6 предложений на английском языке.

Test 05

1. Ознакомьтесь с содержанием статьи и вставьте подходящее по смыслу слово.

a. competitive position	b. monopoly	c. benefits
d. terms	e. shareholders	f. investment

How do mergers happen?

Corporate mergers occur when two companies combine. In some cases both companies want to merge. This is called an agreed merger. Another situation is where one company seeks to control another without its agreement. This is called a hostile takeover. This is normally done by buying a controlling interest (51%) in the shares of the company. To avoid a hostile takeover the target company may seek a 'white knight' that may enter the fray as a 'friendly' bidder. It may be more acceptable to the 'victim' and offers a more palatable partner in negotiations.

It is up to the shareholders of the target company to approve a merger. They will usually do so if it is recommended by the board, or if they stand to make a substantial profit from the shares in the new company. A company can offer either shares in its own company or cash to shareholders in order to persuade them to sell out. If, for example, a company had ten million shares currently valued at £2p, the total value of the firm (its market capitalisation) would be £20 million. The bidding firm might therefore come in with an offer of £2.20 for each share, valuing the company at £20,200,000.

In a 'dawn raid' the acquiring company snaps up a substantial block of shares in the target company at the opening of the trading day - before the bid is known and speculation can push up the value of those shares.

There are many motivations for mergers. One reason is expansion: a larger, growing company may try to take over its smaller ri-

vals in order to grow bigger. In some cases it is the smaller company that wants to expand, but is hampered by lack of capital. It seeks a larger partner who will put in the necessary (1) …… . Other mergers seek to make cost-savings by integrating operations, sometimes on a world scale. Some mergers are defensive, responding to other mergers which threaten the (2) …… of a company.

Mergers tend to happen in waves. A stock market boom makes mergers much more attractive because it is relatively cheap to acquire other companies by paying for them in (high valued) shares. But falling share prices can also lead to a company being undervalued and hence an attractive acquisition. Some industries are forced into mergers by specific troubles facing that industry.

Mergers can fail because the two partners cannot agree (3) …… - for example, who will run the new company. Mergers can also run into regulatory problems. Governments may be concerned that the merger might create a (4) ……, and either block it or require the merged companies to sell some of the firms which are part of their business empire.

Finally, mergers may not produce the kind of (5) …… promised. Cost savings may fail to materialise, for example. Some academic studies have suggested that whatever the immediate benefit to (6) ……, mergers rarely give much added value to the economy as a whole.

2. Найдите в статье английские эквиваленты следующих фраз.

Новая после слияния компания не приносит значительной прибыли экономике в целом.

………………………………………………………………………………………………………………

«Дружелюбный» покупатель может быть более подходящим для компании-объекта слияния.

………………………………………………………………………………………………………………

Падение стоимости акций может привести к занижению стоимости компании.

………………………………………………………………………………………………………………

Решение о слиянии зависит от акционеров компании.

………………………………………………………………………………………………………………

Компании не хватает для развития капитала.

………………………………………………………………………………………………………………

На «рассвете» компания, стремящаяся купить другую, выкупает значительный пакет её акций.

………………………………………………………………………………………………………………

Некоторые компании вынуждены объединяться из-за сложностей в отрасли.

………………………………………………………………………………………………………………

3. Ответьте на вопросы относительно содержания статьи.

How can a company seeking control over a target company persuade its (target company) shareholders to sell out?

2. Who in the target company makes a final decision?

3. What is the difference between a ‘black’ knight and a ‘white’ knight?

4. What is so special about ‘dawn raid’?

5. What are the main reasons for de-merger?

1. There is always a company - a 'grey knight' - which evaluates the situation ready to exploit the situation to their own advantage.

2. As a rule, the Board of the ‘victim’ company on behalf of shareholders decides to merge or not.

3. As soon as the market opens, the acquiring firm will instruct its agents to buy a large amount of shares in the 'victim' company.

4. Takeovers are referred to as hostile if the firm subject to the takeover bid does not welcome the bid.

5. Government can force the merged companies to sell some of the firms which are part of their core business.

6. Some academics say that mergers play a very important role in the economy as they give a lot of added value.

5. Переведите на русский язык любой фрагмент из 10 строк.

6. Найдите в статье понятия, соответствующие каждому определению.

…………………	1. A co-owner of a company because they have some shares in the company.
…………………	2. A decision or conclusion in a form of a document about something that everyone involved finds acceptable.
…………………	3. A powerful and determined to expand company seeks to control another company without its agreement.
…………………	4. An offer to buy a substantial part (usually with voting rights) of the share capital of a company.
…………………	5. Discussions that take place to reach an agreement between companies which have different interests in business.

7. Восстановите каждое предложение.

will/ Air France-KLM/ generate / annual/ of about /$22 billion/ revenues.

………………………………………………………………………………………………………………

for the first time/ in such/ major European airlines/ two/ have / forces / a tight alliance/ joined.

………………………………………………………………………………………………………………

the deal/ be scrutinized/ and / will /in Brussels / Washington/ next week/ by competition regulators.

………………………………………………………………………………………………………………

of Air France/ doesn’t/ the current structure/ create / for/ enough/ its shareholders/ revenue.

………………………………………………………………………………………………………………

will/ the deal/ Amsterdam’s/ the Dutch government/ help/ Schiphol airport/ to develop.

………………………………………………………………………………………………………………

Слияние компаний осуществляется по обоюдному соглашению сторон.

На решение акционеров может повлиять совет директоров компании.

Компании объединяются для того, чтобы усилить свое влияние на рынке.

Но существуют определенные обстоятельства, которые могут повлиять на успех созданной компании.

Правительство может препятствовать появлению монополиста на рынке.

9. Отразите основное содержание статьи в объёме 5-6 предложений на английском языке.

Литература

Основная литература

1. Глушенкова язык для студентов экономических специальностей.

2. «Английский язык для студентов экономических специальностей» Учебник/, Е. Н Комарова. – М. : Астрель», 2003 г -352 с.

3. Английский язык для студентов заочников. Гуманитарные специальности: Учебное пособие/ Л. В Хведченя, , и др. – 3-е изд., доп. –Мн.: Выш. Шк., 20с.

4. Английский язык для студентов экономических факультетов» учебник английского языка издательство Министерства общего и специального образования РФ Москва 2004 г. – 254 с.

Дополнительная литература

1. David Cotton, David Falvey. Market Leader. Pre-intermediate business English.

2. David Cotton, David Falvey. Market Leader. Intermediate business English.

3. David Cotton, Sue Robbins. Business Class. Course book.

4. Peter Viney, John Curtin. Survival English. International communication for professional people.

5. Raymond Murphy. English grammar in use. For intermediate students.

6. Michael Vince. Intermediate language practice.

7. English Vocabulary in Use. (pre-intermediate)

8. English Vocabulary in Use. (intermediate)

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Методические указания к выполнению контрольной работы для студентов заочной формы обучения Английский язык (стр. 3 )

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