revise and practise. translating key terms (be1) (to and from croatian) teamwork compile a list of...

Revise and practise

Translating key terms (BE1) (to and from Croatian)

TEAMWORK

• Compile a list of economic/business terms (in English)

• Test your colleagues

Say it in English!

1 Preselit ću sjedište svoje tvrtke u neku poreznu oazu.

2 Plaćam prevelik porez na dohodak.

3 Iskoristit ću neku rupu u zakonu da smanjim porez na minimum.

4 Pranje novca predstavlja nezakonito izbjegavanje porezne obveze.

5 Nova vlada nametnut će nove poreze.

With a little help from... your teacher

1 Preselit ću sjedište svoje tvrtke u neku poreznu oazu.

move headquarters tax________

2 Plaćam prevelik porez na dohodak.

too much __________ tax

3 Iskoristit ću neku rupu u zakonu da smanjim porez na minimum.

exploit reduce

4 Pranje novca predstavlja nezakonito izbjegavanje porezne obveze.

money laundering tax __________

5 Nova vlada nametnut će nove poreze.

levy

MAKE MEANINGFUL SENTENCES – CONNECT THE WORDS

Eg. DEAN / RUN: Deans run most institutions of higher education

• Ph.D. - EARN• ECONOMICS - STUDY• MARKET ECONOMY – ALLOCATE• GOVERNMENT - INTERVENE • PUBLIC GOODS - PROVIDE• QUARRYING – BELONG• NATIONALISATION – TRANSFER• SOLE TRADER – SET UP• PARTNERSHIP – SPECIALIZE• ARTICLES OF ASSOCIATION – DRAW UP• LIMITED LIABILITY - INVEST

IN WHAT CONTEXT WERE THE FOLLOWING MENTIONED IN CLASS/MATERIAL?

• China

• Chile

• South Korea

• Bangalore

• Developed Western countries


• Outsourcing

• Changing patterns of human consumption

• Catering

• Marketing

• Entertainment


• Allocating resources in the public sectorEnsuring fair competitionProviding public goods for freeCo-ordinating the whole production processProviding minimum standard of living

• Cross the odd one out (IZBACI ULJEZA)

• Explain your choice


• InternationalAppliedBoomingBlackFragile

• Cross the odd one out!


• InternationalAppliedBoomingBlackFragile

• Explain your choice!

Cross the odd one out

• Quarrying

• Construction

• Mining

• Oil digging

• Fishing

Explain your choice


• Automatic allocation of resources

• Equal distribution of income

• Competition

• Privately owned businesses

• Public interest sacrificed

And explain your choice!


• Public limited company

• Private limited company

• Public corporation

• Incorporated businesses

• Shareholders

Explain your choice!

Production of goods and __________

________ sectorMixed Enterprise

PPP________ sector

Unlimited Businesses

(___________)

Limited Businesses

(__________)

Public __________ or Nationalized Industry

_______Authorities

_____________ Company (Ltd.)

_____________ Company (PLC)

_____trader

Partnership

→ RB, p 55

Production of goods and services

Private sectorMixed Enterprise

PPPPublic sector

Unlimited Businesses

Limited businesses

Public Corporation or Nationalized Industry

Local Authorities

Private Limited Company (Ltd.)

Public Limited Company (PLC)

Sole proprietorship

Partnership

WHICH TYPE OF PRIVATE BUSINESS? (sole proprietorship, partnership, private limited company, public limited company)

• owned by one person only (may employ others)• possibility of takeovers• limited liablity for debts• farmers, small scale manufacturers, retailers,

hairdressers…• profits paid as dividend payments• owned by 2 -20 partners• shares sold to general public• unlimited liability• disclosure of accounts• profits and losses shared equally• direct control of business• sole claim on profits

WHICH TYPE OF PRIVATE BUSINESS?

• owned by one person only (may employ others) SP

• possibility of takeovers - PLC• limited liablity for debts – Ltd. PLC• farmers, small scale manufacturers, retailers,

hairdressers… - SP• profits paid as dividend payments - Ltd. PLC• owned by 2 -20 partners - P• shares sold to general public - PLC• unlimited liability – SP, P• disclosure of accounts - PLC• profits and losses shared equally - P• direct control of business - SP• sole claim on profits - SP

GENERALLY ON LIMITED COMPANIES…

•private limited and public limited companies have an independent legal existence from their vlasnici

•companies in which shareholders have

limited odgovornost (in case of dugovanja,

each shareholder is odgovoran only for the

amount he has invested)

GENERALLY ON LIMITED COMPANIES…

•private limited and public limited companies have an independent legal existence from their owners

•companies in which shareholders have

limited liability (case of debt, each

shareholder is responsible only for the

amount he has invested)

• owned by shareholders who can glasovati

and take a share of the profit

• the capital is divided into dionice/udjeli

• shareholders biraju a Board of Directors

and a chairperson

• the BoD imenuje managers to run day-to-

day business

• owned by shareholders who can vote and

take a share of the profit

• the capital is divided into stocks/shares

• shareholders elect a Board of Directors and

a chairperson

• the BoD appoints managers to run day-to-

day business

• Annual General Meeting se održava every

year

• documents which need to be sastavljeni:

1 Memorandum of Association

2 Articles of Association

→ Registrar of Companies izdaje a Certificate

of Incorporation

• Annual General Meeting is held every year

• documents which need to be drawn up:

1 Memorandum of Association

2 Articles of Association

→ Registrar of Companies issues a Certificate

of Incorporation

REVISION:Note taking - examples

Students’ homework assignments

Galbraith vs. the Friedmans(on the role of the state)

Govt. involvement vs. Govt. interference- list what govt. does - list restrictionsArguments pro vs. Arguments con

(govt. intervention) (govt. interference)- humane (services for the - limits to economic freedom

underclass) ↓- future oriented (environment

protection) limit human freedom - progressive (investments

in research → development)e.g. agriculture, air transport...

Good society? Good society?- counteracts market system- one without restrictions

failures - consent the only criterium- protects life globally

revise and practise. translating key terms (be1) (to and from croatian) teamwork compile a list of...

Documents

choice slide

practise slide

levy slide

public goods

public sector

owned businesses public

smanjim porez na minimum

production of goods