1. UNIT 4 Organization UNIT 4 Organization The five separate fingers are five independent units. Close them and the fist multiplies strength. This is organization. James Cash Penney, American businessman (1875-1971)

2. Please note! To outline the advantages of organized production To lay down some rules To set some basic rules, The division of labor To bring many benefits To save time and tools, To facilitate learning,

3. Please note! To estimate costs and output, To establish chain of command, To suit specific needs of companies, To fit the specific needs, To include the following activities, To lay an emphasis on.

4. Reading Comprehension Check Decide if the following statements are true (T) or false (F) according to the text. Correct the false ones. 1. Organization is the most significant factor of every production enterprise. T / F 2. Adam Smith is responsible for the growth and expansion of enterprises. T / F 3. Organizational structures of modern companies have their origins in the division of labor. T / F 4. The division of labor helped in predicting production costs. T / F 5. Shareholders belong to any company’s Board of Directors. T / F 6. Subsidiaries are synonymous to international divisions. T / F 7. Each department of a company is oriented towards performing a specific group of tasks. T / F

5. Write the words which have the following meaning: 1. A person who owns shares in a company Shareholder 2. All the people who work for a company (several answers) The workforce (employees, staff, personnel) 3. A specialized division of a large company in charge of a particular service/ product Production Department: purchasing, stocks, shops, quality control, packaging, transport, maintenance, work safety

6. Write the words which have the following meaning: 4. Work, especially when difficult or exhausting: Labour 5. A company that is owned or controlled by another company, usually by a large corporation Subsidiary - sub·sidi·ari 6. A part of a company that deals with how money is spent and budgeted: Finance department: accounts, wages and salaries, data processing

7. Enrich your vocabulary Enrich your vocabulary Competence and responsibility; Superiority and subordination; The rapid expansion of information technologies; An increasingly competitive environment.

8. Homework Assignment Describe the structural levels of an organization you are familiar with: ◦ A school, ◦ A university, ◦ A café, ◦ A restaurant. Keep your description simple.