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ENG1512 Assignment 1 Semester 1 | Due 19 March 2025

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ENG1512 Assignment 1 Semester 1 | Due 19 March 2025. All questions answered. Question 1: Vocabulary building 1.1. Unit 1 of the study guide (TUT501) highlights that dictionaries help to provide the meaning of words. They can also be utilised to build vocabulary. As you read, you can use a dictionary to look up the meaning of unfamiliar words, which helps to expand your vocabulary. Find any newspaper article of approximately 150 words with content related to the field of economics and management. You can either attach a photo of the article to your answer book or type it out. Identify and underline or label new words you have learned from the article. Then, draft a paragraph of about 100 words to demonstrate your understanding of these words. 1.2 Explore various articles on Google Scholar to observe how the words provided in the table below are utilised in the context of economics and management. Identify and extract relevant sentences that exemplify their contextual usage. Ensure accurate citation of sources, including page numbers, and compile a full reference list of all sources utilised. In addition, carefully note the parts of speech provided for each word and strive to find sentence examples that match these parts of speech. Words Sentences from articles and citations Reference list a) Launch (verb) b) Venture (verb) c) Investment (noun) d) Innovation (noun) e) Proof (noun) f) Overdraft (noun) g) Testimony (noun) h) Peers (noun) i) Redress (verb) j) Merchant (noun) Question 2: Reading and comprehension Effective reading is crucial in this module, as it enables you to internalise key economic concepts, terminologies and build vocabulary. To comprehend your reading, engage with the texts and critically analyse the content. Read the following excerpt from an article and respond to the subsequent questions. lln a corporation , by contrast, the shareholders do not personally manage their money. Instead, a corporation is managed by directors and officers who need not be investors. Because managerial authority is concentrated in the hands of directors and officers, shares are freely transferable in the hands of directors and officers, shares are freely transferable unless otherwise agreed. They can be sold or given to anyone without placing other investors at the mercy of a new owner's poor judgment. The splitting of management and ownership into distinct functions is the main corporate feature. Shareholders receive voting rights to elect the board of directors, and the directors, in turn, elect the officers. When a corporation is created, its officers, directors, and shareholders usually are the same people. They elect themselves or their nominees to the board of directors and then elect themselves as corporate officers. When the corporation later goes public, the founders usually prefer to retain control because they value the additional capital and because they expect to continue to control a maj ority of votes on the board and thus to direct the company's future policy and growth. This text is excerpted from an English for Economics and Management Sciences material (an online resource) [Accessed: 12 December 2024]. 2.1 Read Unit 1 of the study guide (TUT501), particularly the subsection on reading strategies, and identify the reading strategy you employed to read the excerpt above. Specify the page number where this reading strategy is discussed and explain why you chose it. Your explanation must be in at least 3 or 4 sentences. 2.2 What would be the suitable title for this excerpt? justify. 2.3 Read steps on how to summarise on Page 15 of the study guide. In your own words, summarise the main points of the excerpt. 2.4 To show proficiency in writing, you must be able to coherently and cohesively produce sentences that are interconnected. Create a sentence that you think would logically transition, link and build up to a new paragraph. 2.5 On Page 20 of the study guide, ‘essential aspects of critical reading and thinking’ are discussed, including examples such as point of view, claims, allegations, speculations, facts, and opinions. As an academic, you should be able to separate these aspects of critical thinking. Which aspect do you think the following sentence from the excerpt above represents? Justify your answer. When a corporation is created, its officers, directors, and shareholders usually are the same people. (2 marks)

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, PLEASE USE THIS DOCUMENT AS A GUIDE TO ANSWER YOUR ASSIGNMENT

Please also note that the author of this document will not be responsible for any plagiarism you
commit.

 Question 1: Vocabulary Building

1.1. Unit 1 of the study guide (TUT501) highlights that dictionaries help to provide the meaning
of words. They can also be utilised to build vocabulary. As you read, you can use a dictionary to
look up the meaning of unfamiliar words, which helps to expand your vocabulary. Find any
newspaper article of approximately 150 words with content related to the field of economics and
management. You can either attach a photo of the article to your answer book or type it out.
Identify and underline or label new words you have learned from the article. Then, draft a
paragraph of about 100 words to demonstrate your understanding of these words.

To enhance vocabulary, dictionaries can be used to look up unfamiliar words, aiding comprehension
and language development. The following newspaper article excerpt discusses bank funding costs in
the context of economics and management:

"Bank funding costs refer to the expenses incurred by banks to finance their business activities
(Nguyen, Tran & Nguyen 2024). Aldasoro, Cho, and Park (2022) note that these costs are critical to
bank operations and the overall economy, as they directly influence the lending and borrowing
behavior of market participants. More specifically, higher funding costs can suppress loan demand
and weaken economic activities. Additionally, these costs can heighten liquidity risk, adversely
affecting financial stability (Levine, Lin & Xie 2021). Therefore, reducing funding costs is of utmost
importance for ensuring the resilience and functionality of banks. Banks can achieve this by
optimising their deposit mix, prioritising low-cost accounts, and employing diversification
strategies to attract cost-effective funding sources (Opoku Mensah et al. 2017)."

New vocabulary words from this excerpt include:
 Funding costs: Expenses incurred to finance business activities.
 Critical: Extremely important or essential.
 Suppress: To restrain or reduce something.
 Heighten: To increase the intensity of something.
 Adversely: In a harmful or unfavorable way.
 Utmost: The highest degree of importance.
 Resilience: The ability to recover quickly from difficulties.
 Functionality: The ability to perform a required task or role.
 Optimising: Making the best or most efficient use of resources.
 Prioritise: To treat something as more important than other things.
 Diversification: Spreading risks by engaging in different financial strategies.

Using these words, the following paragraph demonstrates an understanding of their meanings:
Managing funding costs is critical for banks, as excessive expenses can suppress lending by forcing
interest rates to rise, which may adversely impact economic growth. Such increases also heighten
liquidity risks, making it of utmost importance for banks to strengthen their resilience and
functionality. To address this, banks can optimise their financial strategies by prioritising low-cost
accounts and employing diversification techniques to attract stable funding sources. These measures
contribute to a more efficient and secure banking system, ultimately benefiting the broader economy.

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