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Acquisition of Mastery / Part One.doc
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1.1 F. There are a lot of idioms associated with money and financial status. Match some of them with their definitions. Try to recollect more.

1. to be rolling in money

2. to have money to burn

3. money for jam

4. to sell like hotcakes

5. to marry into money

6. to buy for a song

7. money doesn’t grow on

trees

8. to pay through the nose

9. to spare no expense

10. in for a penny, in for a pound

11. nickel-and-dime

a. to pay too much

b. money that you earn very easily

c. to waste money

d. to be very rich

e. if it has been started it must be

finished at any cost

f. don’t waste money

g. marry sb rich

h. to spend as much money as

necessary to get the best things

i. to sell quickly and in large amounts

j. unimportant and not costing much

k. to buy very cheaply

1.2 Raise the Issue

What is the role of economy in the modern society? Has it changed recently?

There believed to be a clear shift from cultural and social priorities to economic ones. What makes people acquisitive1? Do you support the idea that our society is so pragmatic that “money reasoning” always prevails?

1.2 A. Words in Context

1. Tick the word closest in meaning to that of the each boldfaced word. Use the context of the sentences to help you figure out each word’s meaning.

berate (v) Developing countries are often berated

for child labour.

Berate means a. to disappoint b. to neglect c. to scold

complacency (n) There are no grounds for complacency in

today’s competitive environment.

Complacency means a. satisfaction b. worries c. obedience

detriment (n) Copyright infringement is a serious

detriment for people who make a living writing books. Illegal editions mean that the author receives no payment.

Detriment means a. an aid b. a discovery c. a disadvantage

discretion (n) A sensible person exercises discretion in

treating any advertisement promising excellent results right after the first usage of the advertised product.

Discretion means a. love b. good sense c. anger

excel (v) He was never brilliant at math however he

managed to excel in accountancy.

Excel means a. receive b. do well c. include

optimum (adj) Governments create optimum conditions for

foreign companies giving them sweeteners2 to persuade them to open factories in poor or underdeveloped areas.

Optimum means a. ideal b. hopeful c. questionable

predisposed (adj) Governments worldwide are predisposed to

encourage inward investment.

Predisposed means a. unlikely b. likely c. pretending

preponderance (n) A preponderance of venturing enterprises

suggests booming economy.

Preponderance means a. a great number b. a small number

c. a stable number

propensity (n) The big multinationals have a propensity to

close factories as a cost-cutting exercise3 and relocate and switch productions4 where

labour and costs are cheaper.

Propensity means a. a coincidence b. a readiness c. a concern

reprehensible (adj) The company’s failure to clean up the oil spill

was reprehensible and drew harsh criticism.

Reprehensible means a. shameful b. misleading c. uncertain

resilience (n) Businessmen, like athletes, need resilience.

After a failure they must be able to bounce back to their normal state.

Resilience means a. a common feature b. disability to recover

c. ability to recover

scrupulous (adj) Black market pushers of untaxed luxury cars

are oblivious to scrupulous methods of doing

business.

Scrupulous means a. ethical b. economical c. unjust

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