Professional Documents
Culture Documents
Objectives:
To enable Ss to talk about money To familiarize Ss with various types of figures, percentages, decimals, etc. To make Ss be able to describe trends To develop Ss listening and reading skills
Starting up
Discuss with your partner and think of as many words as you can that are connected with money.
Sep.-Dec. 2011
Starting up
Some Nouns bank currency cash credit loan paper money pocket money small money ready money (cash)
Sep.-Dec. 2011
v. + money save money spend money earn money make money pay money raise money refund money change money deposit money in a bank Withdraw money marry money
New CEO
There was a new CEO at a company who decided to fire all of the slackers, and when he gets done with that, he finds a dude leaning on his desk. He thinks "What is he doing!?" So he walks up to the guy and says "What are you doing!?" The guy says "I'm waiting to get paid." The CEO says "OK, how much do you get paid in a week?" The guy says "About $300." The CEO gives the guy $1200, and says "Now go away and never come back!" The guy walks away. The CEO says "Will someone please tell me what I just did!?" An employee says "You just tipped the pizza man $1200."
STARTING UP
B
What do your answers to the questions in exercise A say about your attitude to money? What do they say about your culture?
one / a million (1,000,000) three billion (3,000,000,000) seven point five billion dollars four hundred (and) seventy eight million pounds
Skills:
Saying numbers
Years: 1984 nineteen eighty four 2001 two thousand and one Currencies: 3.15 three pounds fifteen $7.80 seven dollars eighty
16.5
17.38% seventeen point three eight percent 0.185 (nought / zero) point one eight five
Guangdong University of Business Studies
Sep.-Dec. 2011
Skills:
Bigger numbers 3,560 three thousand five hundred (and) sixty 598,347 five hundred (and) ninety-eight thousand, three hundred (and) forty-seven 1,300,402 one million three hundred thousand, four hundred (and) two 1m one / a million (1,000,000) 3bn three billion (3,000,000,000) $7.5bn seven point five billion dollars 478m four hundred (and) seventy eight million pounds
Sep.-Dec. 2011
Student A: turrn to page 144 and read the text aloud to student B. Student B: listen to student A while reading the article below. Correct any incorrect information
A machine, usually in a wall outside a bank, from which you can take money out of your bank account using a special card ATM (Automated teller machine) Sums of money paid by a customer for a bank's services. Bank charges A printed record of the money put into and removed from a bank account Bank statement To exchange a check for cash to cash a check A book containing detachable cheques. checkbook A small plastic card which can be used as a method of payment, the money being taken from you at a later time. Credit card .
interest deposit
loan
difference
finance
As an individual, you can put your money on deposit in a bank, as long as the bank doesnt fail __________ and the economy keeps functioning, you will get Interest __________. Your money is lent out to people, businesses finance their own and governments who need it to _________ projects, perhaps like the ones in the unit case study, and difference the bank will make its money on the ___________ between what it pays out in interest on deposits and what it gets in interest from its __________ loans
Sep.-Dec. 2011 Guangdong University of Business
debt
1. The business market (its customers), the industry (its competitors) and the management team 2. One that is large and growing fast because this will provide the high returns 3. Intellectual property or patents a venture capitalist is interested in 4. How well do they understand the market and the industry they are going into? How much do I trust the management team say about the potential for success? Does this individual manager have the personal commitment to deliver on this plan How motivated is the manager to work very hard to achieve the objectives?
Hugh describes a company set up by people from Oxford University that develops software for the computer games industry Hugh like his company because: a. The company owns a lot of intellectual property b. The games market is growing very fast