STARTING A SMALL BUSINESS

1. What is the largest amount of money the bank lends?

A 10,000 pounds

B 15, 000 pounds

C25, 000 pounds

2. What is the fixed interest rate at which the bank lends money for starting a business?

A 4.6%

B 6.4%

C 16.4%

3. Where had Mrs Black’s friend Molly used to work before she decided to launch her own business?

A At a factory

B At a plant

C In a shop selling antiques

4. Why was Molly’s attempt to be an independent entrepreneur a failure?

A She did not manage to get a loan from the bank she applied to.

BShe had no clients.

C Her advertising campaign was quaint.

5. How long did Molly manage to keep her shop open?

A A month

B Half a year

C A year

6. How are the Blacks planning to reduce costs at first?

A By making their cakes at home.

B By not buying a new van.

C By cost-saving advertising

7. What is the most important part of starting one’s own business, according to the Blacks?

A Working out an unconventional strategy for good sales

B A good system of delivery

C Advertising

8. How much are the Blacks planning to spend on a refrigerator?

A 3, 000 pounds

B 6,000 pounds

C 10,000 pounds

3. You will hear two self-employed people discussing changes in employment patterns. For questions 1-6, decide whether the opinions are expressed by only one of the speakers, or whether the speakers agree.

Write C for Cecilia, W for Will or B for Both

1. In the past, people’s occupations defined their whole existence.

2. Today, people have to adapt to changing employment needs of industry.

3. Economic factors are only partially to blame for current patterns of work.

4. It is a luxury to be able to follow a career path that provides personal satisfaction.

5. Opting out of the traditional employment scene is not as easy as it seems.

6. Nowadays, it is better to be in a low-prestige job.

4. Read the text about running one’s own business. Some paragraphs have been taken out of it. Find the missing paragraphs 1-6 by choosing from the options A-G. There is one extra paragraph.

SMALL IS BEAUTIFUL

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