—You will hear five short recordings.—For each recording, decide what the speak

It’s been a bad day for us today. The art market is extremely sensitive and I’m afraid I expected the picture to go for a lot more.
    Unfortunately it didn’t reach its reserve price and so we are left with a very expensive picture which we have failed to sell. I’m afraid I have to take responsibility for that sort of thing in my job. I have to take that sort of risk.

Well, if you want my professional opinion my ad vice is that in order to avoid paying more tax than you need to you should ensure that your overseas representatives act as consultants to your company. It’s better for you if they are not technically your employees. This is expecially important as they only work for you on a part-time basis. Now it’s quite a different matter if you are planning to open regional offices...