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Іноземна мова за професійним спрямуванням 631, 632-СК, 633-СК

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Task:

  1. Explain why effective communication is important for managers.

  2. Give one example of verbal, written, and non-verbal communication in a workplace.

  3. Say how using all three types of communication can help a manager motivate employees and improve teamwork.

Instructions:

  • Speak clearly for about 1-2 minutes.

  • Use full sentences and vocabulary from our modul.

  • Try to include a short real-life example if possible.

  • Record your speaking using your phone, computer, or any recording device.

  • Attach the audio file to this assignment when submitting.

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Text:

Modern companies understand that effective communication is essential for successful management.

Managers need to exchange information clearly and quickly to ensure smooth work processes.

There are different types of business communication: verbal, written, and non-verbal.

Verbal communication includes meetings, phone calls, and video conferences.

Written communication is used when information must be recorded, for example in emails, reports, or instructions.

Non-verbal communication includes gestures, eye contact, and facial expressions.

Good managers use all types of communication to build trust, motivate employees, and improve teamwork.

Which of the following best describes how modern managers utilize different types of communication?

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The main function of the Human Resources department is to…

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What does a person need to be a good manager?

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What is Managing?

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Text 1. FINANCIAL MANAGEMENT The role of finance in business is huge. Financial managers use data obtained from accountants and recommend to the top management how to improve the financial strength of a firm. They plan budgets, control the funds, obtain and collect the funds, manage taxes and take up audit matters. A true manager must understand accounting, the same as a good accountant has to be aware of finance. Finance is the function in business responsible for getting funds for a firm, managing funds within a firm and planning possible expenditures of funds on various assets. A person who obtains, plans and controls money effectively is known as a vice president of finance or treasurer.

One may observe financial management as a logical structure involving corporate goals, financial plan, obtaining funds, managing these funds, spending the funds and managing taxes. Even if the work performed by financial managers is perfect, different financial problems might appear. The most common are: poor cash flow, undercapitalisation (when one has not enough money to start-up) and inadequate expense control. How to obtain the funds to solve these problems? We may speak about long-term and short-term financing as the ways to consider a difficult financial situation in a firm. Long-term loan is money acquired from the owners of the firm or lenders not expecting this money being repaid within the period of 2 or more years.

The money is usually used to finance larger expenses such as buying equipment or long-term assets or just expanding of an organisation. When an enterprise is starting its business, its hard to recover enough money to keep the track. Sometimes, additional funds are required. Then a company may obtain capital that involves the public sale of stock that is referred to as equity financing. Stocks are shares of ownership of a company. A stock certificate proves stock ownership. It lists the name of the company, the number of shares it represents and the type of stock it is. A dividend is a part of the firm’s profits that goes to stockholders. Proxy is a temporary transfer of voting rights from stockholders to managers. Growth stocks are stocks of corporations whose earnings have increased in comparison to the economy and are expected to grow in the future. Such companies spend less money on dividends and use it for financing their further growth. Common stock includes voting rights and dividends and represents ownership privileges in a firm. Preferred stock gives owners preference in payment of dividends and an earlier claim on assets if the business is sold but it does not provide voting rights. Businesses often have some smaller expenses such as unexpected bills, for instance or cash necessary to cover day-to-day spending. So, business needs short-term funds when other funds run out. Short-term loans are those necessary to be repaid in less than a year. One should know how to obtain and manage the funds one needs to start up and get along with the business efficiently.

Perfect financial management begins with planning. Financial planning stands for short-run and long-run money flows to and from a firm. Its objective is to optimise profits and guarantee the best use of money. People in business may earn money in different ways, either producing and selling goods and services or investing into other ventures. Security markets enable businesses and investors to buy and sell stocks, bonds and mutual funds. Stock exchanges let their members buy and sell securities to the public. A middleman who buys and sells securities for the clients is called a stockbroker.

The principle of successful business is very simple: one has to be aware of how to accumulate capital, invest it to get as much income as one can and to earn more than one spends. To build one’s capital account, it’s advisable one should make the list of “WHAT TO DO NEXTs”. There are people who assist families in developing a comprehensive program involving insurance, investments, taxes etc., called financial planners. Those involved in business should consider the problem of insurance coverage protecting life, health and a firm from the possible accidents, failures and losses. They should meditate over the best way of investing money to promote a venture, reduce taxes as much as possible and use help from professionals to cope with difficulties. 

 

True or False

 

 

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(There is one extra word that you don’t have to use.) 

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Mark "True" or "False"

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Business has a great influence on your life, probably much greater than you realize. Finding an appropriate definition for the word business is as easy as acquiring a date with your favourite rock star. Each business can be defined, or described, by its type of ownership, the goods produced or services offered, the types of jobs provided, or by the different functions that it performs in your community.  

Most businesses produce either goods (products) or services. A person can be both a producer and a consumer of the same product. As a consumer you use many goods and services produced by a variety of businesses. Some of these goods and services are essential to your daily living while others, in the luxury category, are ones that we want more than we need. All of us have different needs and wants, and the efforts of businesses to meet these needs and wants result in an abundance of choice for people. 

We rely on one another for the goods and services that we as individuals cannot produce. This fact has created a society where consumers, producers, and businesses — both large and small — are interdependent elements. Remove any element in this chain and there would be no more business as we know it today. 

There are many types of businesses but the functions common to most manufacturing businesses communication and personnel are production, marketing, accounting.

Production is one of the essential functions of business. It has many parts, and one of them is purchasing. The purchasing department is responsible for buying the raw materials and supplies necessary to produce the final product as well as to operate the plant.  

Processing is another part of production, and is the actual changing of raw materials into finished products. Often more than one business is involved in this. Some businesses make only parts while another business assembles the parts into the finished product. The processing method used depends on the final product. For example: bread and cakes need a baking process; most plastic products need a melting process. 

Another function of production is grading of goods – providing an indication of quality for consumers. 

Marketing, another of the essential functions of business, involves many procedures, including packaging, storage, advertising, transportation, and 

research. Most of the products that consumers buy have gone through this marketing cycle. Each part of the process adds to the cost of the product or service, and therefore influences the price that consumers must pay. 

Accounting departments control the financial side of the business. The accountants are concerned with how the business finances its operations, the profits or losses accumulated by the business, and how the business pays its debts. Accountants also forecast the future by preparing budgets for a year or more ahead that take into account events that are expected to affect the company. 

Good communications systems are an extremely important aspect of all businesses. Communication of information, both inside and outside of the 

business, has become critical to the operation of modern businesses. Personnel departments are responsible for the hiring, training, evaluating, 

and firing of employees, and for maintaining good employer-employee relations. 

Management coordinates all these functions. The manager’s job involves planning, organizing, directing, and controlling. 

Exercise 1. Give the English versions for: 

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What do they look like and what do they do?

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