Meeting 1

Meeting 1
Let’s get to know each other
Tell us a few important things about you:
 What your name is

 What you are doing in this company
 How long you have been working here for
 What your domain/s of interest is/ are
Fill in the gaps with the appropriate word:
My name is Hans. I (1) __________ a mechanic. I (2) __________ in London, I (3) __________
a brother and a sister. My sister is a university student. She (4) __________ medicine. She is
going to be a doctor. My brother doesn't want (5) __________ to university. (6) __________ he
wants to be a mechanic like me. He comes and (7) __________ me in my shop on Sundays. He
hasn't finished his education yet. (8) __________ his education, he is thinking of (9)
__________ with me. We will (10) __________ the business together.
a. is b. are c. am d. do
a. believe b. think c. arrive d. live
a. owns b. learn c. have d. study
a. teach b. learn c. studies d. uses
a. go b. goes c. went d. to go
a. because b. although c. behind d. during
a. works b. helps c. is angry d. shouts at
a. for b. because c. after d. so
a. works b. worked c. to work d. working
a. run b. depart c. put d. wear
Read the text underneath and as you read it decide what its main topic is.
Craft-based firms, founded by an owner – simultaneously product developer, technical expert

and seller, sometimes assisted by apprentices – grew into industrial companies with many
employees, each with their own task. The further growth of companies and progress of
technical development was accompanied by a growth in the complexity of products and
processes. In the first half of the twentieth century this led to a distinction between the different
business functions and even to a distinction within the business functions. This was very clearly
evident with the production function. Especially in mass production, the successive operations
were split up into simple, recurring actions that are each carried out by an employee. In this
way, productivity could be raised significantly and the work left to untrained or undertrained
and low-paid workers. In today’s companies, such separation can still be found in business
functions, namely sales or marketing, product development and production. This “natural”
division is most clearly seen in the construction industry, where the broker, the architect and the
building contractor often operate as independent companies.
(https://www.boomhogeronderwijs.nl/media/8/9789024407309_inkijkexemplaar.pdf)
Give a synonym for ‘growth’ __________________________

What is the difference between ‘untrained’ and ‘undertrained’? _______________________
What is the difference between an ‘owner’ and an ‘employee’? ________________________
How are the actions that are recurring? __________________________________________
Give a synonym for ‘raised’ ______________________________________________________
Does ‘further growth’ refer to a ‘continuous growth’? __________________________________
Give a synonym for ‘firm’ ________________________________________________________
What is the difference between ‘founded’ and ‘found’? _________________________________
Who is the ‘employer’ and who is the ‘employee’? ____________________________________
Does the ‘low-paid’ worker get a lot of money? _______________________________________
Give in turns your own definition of the following terms: owner, product developer, technical
expert, seller, apprentice. When you finish reading the definition of your concept word, read it
out loud to your colleagues.
Choose the best word or phrase to fill in the blank.
1. I'll have to speak to the ________________ to get approval for the purchase.
a. project manager b. warehouse

c. Maintenance and Repair Handling (MRH) d. order backlog
2. Let me call down to the ______ ________ to see if we have any spare parts in stock.
a. notice board b. price tag

c. quality control d. warehouse
3. We will take all necessary ________________ to ensure the safety of our staff.
a. steps b. precautions
c. both answers are correct d. none of the answers are correct
4. All of our workers' uniforms are made of ________________ material for safety.
a. nonflammable b. inflammable
c. flammable d. all answers are correct
5. Our ________________ takes about three months to complete.
a. notice board b. price tag

c. production cycle d. quality control
6. Unfortunately, we have an __________________ for two months. We could deliver the

items in January.
a. order backlog b. production index

c. scatter chart d. unrealistic goal
7. Our _______________ told us they would deliver the parts by next Friday.
a. dealer b. gnomes
c. comptroller d. supplier
8. You can find all safety regulations posted on the ________________.
a. bulletin board b. employee intranet

c. notice board d. all answers are correct
9. We need to change the ______________ on that item as we've raised prices.
a. rules b. color
c. income d. price tag
10. We make sure to implement stringent _________________ on each product.
a. production cycles b. backlogs

c. quality control d. check
Purpose of a financial statement audit
What?
Why?
By whom/ for whom?

Who?
Companies produce financial statements that provide information about their financial position
and performance. This information is used by a wide range of stakeholders (e.g., investors) in
making economic decisions. Typically, those that own a company, the shareholders, are not
those that manage it. Therefore, the owners of these companies (as well as other stakeholders,
such as banks, suppliers and customers) take comfort from independent assurance that the
financial statements fairly present, in all material respects, the company’s financial position and
performance. To enhance the degree of confidence in the financial statements, a qualified
external party (an auditor) is engaged to examine the financial statements, including related
disclosures produced by management, to give their professional opinion on whether they fairly
reflect, in all material respects, the company’s financial performance over a given period(s) (an
income statement) and financial position as of a particular date(s) (a balance sheet).
Homework
Write a 10-line presentation of what your position in this company requires you to do? Prepare to
present that presentation both in a written format and orally.
______________________________________________________________________________
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Meeting 1

Let’s get to know each other

Tell us a few important things about you:

 What your name is

Fill in the gaps with the appropriate word:

Craft-based firms, founded by an owner – simultaneously product developer, technical expert

Give a synonym for ‘growth’ __________________________

Choose the best word or phrase to fill in the blank.

a. project manager b. warehouse

a. notice board b. price tag

5. Our ________________ takes about three months to complete.

a. notice board b. price tag

6. Unfortunately, we have an __________________ for two months. We could deliver the

a. order backlog b. production index

8. You can find all safety regulations posted on the ________________.

a. bulletin board b. employee intranet

9. We need to change the ______________ on that item as we've raised prices.

10. We make sure to implement stringent _________________ on each product.

a. production cycles b. backlogs

Purpose of a financial statement audit

By whom/ for whom?

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