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And now let us do tests
#The game ______ to the children.
- is being demonstrated
- demonstrates
- was demonstrate
- will been demonstrated

#When I was young I ______ by my aunt and uncle.


- was looked after
- am looked for
- is looked at
- am being looked

#He ______ for nearly 12 hours.


- was operated on
- operates with
- is operated at
- have operated on

#His decision ______.


- was approved
- approves
- approving
- is approved

#The land next to our house ______.


- has been bought
- are been bought
- is being bought
- am being bought

#The tennis court ______ so we couldn’t play.


- was being used
- is been used
- are was used
- are being use

#Better results ______ soon.


- are expected
- will be expected
- has expect
- was being expected

#When will you ___ come and see us in our new house?


- be able to
- is able to
- is have to
- able to

#Did you move all of the boxes out of the moving truck by yourself? You ___ be exhausted!


- must
- ought to
- are to
- able to

#___ you come over for dinner on Friday night? I really want to hang out with you, so I hope you can come.


- Can
- Is have
- Am can
- Are able

Lesson 22. BASIC CONCEPTS OF ECONOMICS. GLOBALIZATION AND ITS CHARACTERISTICS.



Ilova 1 (22.1)
Other aspects of profitability
Read the short text below on profitability. Match the underlined phrases (1-9) to phrases with a similar meaning in the box.
budgeted income statement current liabilities stock
capital employed debtors turnover
current assets net income work-in-progress
A Assessing the strength of a company
Two documents provide the necessary information for the most important decisions about the strength of a business: a (1) forecast profit and loss account and the present balance sheet.
B Profitability
A study of profitability must look at the relationship between:
• (2) income after all costs have been deducted and (3) total invoiced sales; |
• net income and the amount of (4) money invested in the business.
C Liquidity
A study of a company's ability to make enough cash should show if:
• the planned cash balance is satisfactory;
• (5) people who owe money are likely to pay on time;
• (6) work which has been contracted but not yet invoiced or (7) finished goods will one day be sold;
• the relationship between fixed assets and (8) cash or other items of value which can easily be converted into cash is satisfactory;
• the relationship between current assets and (9) debts due for payment is satisfactory, i.e. current assets should be much greater than liabilities.
Management should be careful with forecasts, because budgeting is not a science and forecasts cannot be exact.


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