перевод текста Health is above wealth

goods. 4. This is …fuel. …fuel is …..good. 5. These are … services. ….services are important for plants. 6. These are …books. …books are on agriculture. 7. These are …managers. …managers are Russian and American. 8. These are …goods. …goods are industrial. 9. These are …people. …people are from … small towns.

It Looks Like a Cat! A boy is coming down the street. He has some animal in his hands. Whats that? asks William. The boy shows him the small animal. Its a ferret! says the boy. I want to buy it, William says and takes out his money. Its not a cat! says Ginger. But William says? Some people dont know much about animals. It looks like a cat and I shall give it to Ethel. William puts the ferret in the basket and the boys go home.

rewards in life go to the risk takers.

2. Do the thing you fear most and the death of fear is certain.

(Во вложениях есть план)

simultaneously to a filler metal in the form of wire or welding rod, which is melted to the joint. Are welding is the most important welding process for joining steels. It requires a continuous supply of either direct or alternating electrical current. The most widely used are tance welding, heat is obtained from the resistance of metal to the flow of an electric current. Electrodes are clamped on each side of the parts to be welded, the parts are subjected to great pressure, and a heavy current is applied for a short period. Thr point where two metals touch creates resistance to the flow widely employed in many fields of sheet metal or wire manufacturing and is often used for welds made by automatic or semi-automatic machines especially in automobile industry.

1. A bond is …


2. Interest paid on bond is …


3.
Issuing too much stock …


текст:



PRIMARY METHODS HOW TO RAISE NEW CAPITAL

ISSUING BONDS. A bond is a written promise to pay a
specific amount of money at a certain date in the future or periodically over
the course of a lo an, during which time interest is paid at a fixed rate on
specified dates. Should the holder of the bond wish to get back money before
the note is due, the bond may be sold to someone else. When the bond reaches
“maturity”, the company promises to pay back

the principal at its face value.

Bonds are desirable for the company because the
interest rate is lower than in most other types of

– borrowing. Also, interest paid on bonds is a tax
deductible business expense for the corporation. The disadvantage is tha t
interest payments ordinarily are made on bonds even when no profits are earned.
For this reason, a smaller corporation can seldom raise much capital by issuing
bonds.

SALES OF COMMON STOCK. Holders of bonds have lent
money to the company, but they have no voice in its affairs, nor do they share
in profits or losses. Quite the reverse is true for what are known as “equity”
investors who buy common stock. They own shares in the corporation and have
certain legal rights including, in most cases, the right to vote for the board
of directors who actually manage the

company. But they receive no dividends until interest
payments are made on outstanding bonds.

If a company’s financial health is good and its assets
sufficient, it can create capital by voting to iss

ue additional shares of common stock. For a large
company, an investment banker agrees to guarantee the purchase of a new stock
issue at a set price. If the market refuses to buy the issue at a minimum
price, the banker will take them and absorb the loss. Like printing paper
money, issuing too much stock diminishes the basic value of each share.

the most difficult. For the lawyer it is a question whioh present special problems for a variety of reasons. The punishment of a criminal is a combined operation of Parliameny, the courts, and the administration. The range of penalties whioh may be imposed is in most cases set by the legistature, which fixes the maximum sentences for different offences. For the majority of offences only the maximum penalty is prescribed by law, so that the court is left free to select in each case the appropriate sentence.

if the accused has never before been convicted of crime, the sentence is not likely to be severe, unless the crime is one of violence. first offenders are usually treated with sympathy. if, on the other hand, the accuused man has a long record of convictions, the judge will pass a more severe sentence.

after the court has selected what sentected seems suitable, the carrying out of this sentence falls to the lot of those who administer the penal system.

one result of this is that once sentence has been passed, the courts are no longer concerned with the offenders fate:their task is concluded

The Rule of Law
The concept of the rule of law is the cornerstone of any
democratic society and government. It is the law which is used
to decide disputes.
The law is one of the means for controlling the conduct of
businesses. The basic role of law in business decisions is
apparent. It contains business in its decisions and its selection of
alternative courses of action. Certain conduct is illegal, and if
individuals or businesses didn’t follow the rule of law and their
conduct were declared a crime, they would be subject to
sanctions, e.g., fines or imprisonment. The sanctions will
include liability for damages, if the conduct is tortuous
(involving a wrongful act) or a breach of law. Besides, the law
and legal sanctions may be used to prevent certain conduct or to
require that certain things be done. If business decisions are not
made within the law, sanctions will be imposed. The law is the
foundation for the regulation of all business conduct and
decisions.
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