This is a report of a meeting. Listen to it a couple of times and then put the letter of the corresponding words/phrases in the blanks below. Click to start listening.

a. short notice      b. afloat
c. awful               d. lay off
e. pick up            f. renegotiate
g. storage            h. downward

Time: eleven o'clock
Place: Kira's office

Due to the lack of time, the meeting was called at (1) . The purpose of the meeting was to discuss sales and financial situation .

REPORT: The Hong Kong office may not stay (2) because sales figures are just (3) . The company's operations in Thailand and Indonesia have already shut down. This year's sales projection: down 23 percent. The situation at the Guangzhou plant: (4) is full so may have to cut production....

Part II