Choose the best word to fill each gap from the alternatives given below. Put a circle around the letter, A, B, C of the word you choose.

 

“The company of eastern Europe has changed a lot. Twenty years ago, the main industries were completely nationalized and many companies were owned by the (1) __________ They did not work well. They were inefficient and (2) __________.Now governments are trying to (3) __________ them, but it is not easy to find (4) __________ People don’t want to put money into the old companies. However, some people are happy to (5 __________ their money on new business and there are signs that a new enterprise (6) __________ is growing.”

 

	A nation	B state	C country
	A automatic	B diplomatic	C bureaucratic
	A privatize	B nationalize	C enterprise
	A corporations	B firms	C investors
	A save	B risk	C sell
	A culture	B commerce	C concern

 

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Choose the best word to fill each gap from the alternatives given below. Put a circle around the letter, A, B, C of the word you choose.

 

Aberdeen Reliance is one of the country’s smaller life insurance companies. It was set up in 1920 as a (1) __________. This means that the 15,000 people who have insurance policies with the company are (2) __________. These, in theory, own all the (3) __________ and there are no (4) __________. Last year, the board of directors wanted to sell the company to a large American (5) __________, but first they had to get the policy holders to agree to (6) __________. This was heavily defeated, proving that people still value the traditional status of the company.

 

 

	A mutual	B public	C incorporated
	A partners	B directors	C members
	A profits	B salaries	C expenses
	A customers	B traders	C shareholders
	A corporation	B sectors	C proprietor
	A freelancing	B demutualization	C limiting

 

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INNOVATION AND INVENTION

Fill the gap in each sentence by writing the correct form of the verb given in brackets.

 

1. Suzanne King is in charge of product __________ at Westworld Electronics. (develop)

2. I want to be a graphic __________ when I graduate. (design)

3. I think that the Internet is the greatest __________ of the past 50 years. (innovate)

4. We are looking for someone with __________ of databases and spreadsheets. (know)

5. Christopher Cockerell was the __________ of the hovercraft. (invent)

6. You have to pay a lot to get a good software __________ (develop)

7. Have you seen her __________ for the new shopping centre? (design)

 

 

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Draw a line from each word on the left to a word on the right to make a word pair. There is one extra word that you don't have to use. Then use your word pairs to complete the sentences below.

 

1. product	development
2. patent	license
3. cutting	property
4. research	application
5. under	copyright
6. intellectual	center
	edge

 

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1.

2.

3.

4.

5.

6.

 

1. We have made a __________ to stop people copying our invention.

2. Our drug for pain relief is made __________ in 32 countries.

3. I’m in charge of __________ at Minnow Technologies.

4. We use the latest technologies to keep our products at the __________

5. We took them to court because the original idea was our __________

6. We test all new drugs at our __________ in Zurich.

 

 

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Choose the best word from the brackets to fill the gap.

 

1. I bought a PC just five years ago and now it is __________ (innovative/obsolete)

2. I think that the __________ of computer control systems is fascinating. (technology/knowledge)

3. Advanced, __________ systems are great, but there is more to go wrong. (low-tech/hi-tech)

4. I receive a __________ of 10% on all my books that the publisher sells. (royalty/license)

5. Finding out how antibiotics work was a tremendous __________ (breakthrough/breakout)

 

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BUYERS, SELLERS AND THE MARKET