VIII. Match the words in column A with their definitions in column B.

VII. Insert the proper prepositions. Try to memorize some of these expressions.

VI. Paraphrase the sentences using the synonyms from the box instead of the underlined words.

V. Match these word combinations with their Russian equivalents.

1. Typical duties of the Boards of Directors include managing the organization by establishing general policies and objectives.

2. Board of Directors has decision-making and voting authority.

3. The principal responsibility of a CEO is to organize external and internal activity of the company.

4. The Board gives the CEO authority to manage the organization.

5. The responsibility of the Chief Executive Officer is to arrange the company’s activity according to his strategic vision.

6. The CEO takes final decisions over human, financial, environmental, technical operations of the corporation.

7. In large public companies, the Board tends to supervise the company’s activity in general.

8. Bosses give instructions to their subordinates.

1. Companies with pyramidal structure have a person or a group of people … the top of organization, and an increasing number … employees below them.

2. In practice, the measure of power exercised … the Board varies with the type of company.

3. The role of the CEO is to make up, develop and implement strategic plans … the organization in a cost-effective and time-efficient manner.

4. The Chief Executive Officer is supported … a number of corporate officers.

5. The chain … command runs down the company structure.

6. In hierarchical organization members chiefly communicate … their immediate superior or immediate subordinates.

7. Employees … lower levels have no right to take important decisions in the company.

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