Professional Documents
Culture Documents
Limba Engleza - Grile 2009-2010
Limba Engleza - Grile 2009-2010
Limba Engleza - Grile 2009-2010
TRUE/FALSE
1)
From Unit 14- section B-The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p.150-151-CONTRACTS
In a leasing contract, the person giving the lease is called the lessee or tenant and the person to whom it is given is the lessor.
ANS: F
2)
From Unit 15- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p.157-160
A practical alternative in collecting past due receivables is to use the services of a collection agency.
ANS: T
3)
From Unit 2- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p.18- Business Writing
In addition to personal information, a CV (resume) should include personal descriptions and a philosophical statement.
ANS: F
4)
From Unit 14- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p. 148
Cereals, precious metals and raw materials are traded on the stock exchange.
ANS: F
5)
From Unit 9- -The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p.88-90
information
concerning
future
6)
From Unit 8- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p. 85-87 and From Engleza de Afaceri, Vol. 2, Fulvia Turcu, 1991, Ed. Uranus, Unit 5-p. 59-73 and p. 178 Business Writing
ANS: T
7)
From Unit 9- -The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p.88-92
8)
From Unit 5 Engleza de Afaceri, Fulvia Turcu, 1991, Ed. Uranus, p. 62-63: Business Writing
In a semiblock style (Modified block) business letter the complimentary close begins slightly to the left of the center of the page. All lines of the signature are aligned with the salutation line.
ANS: F
9)
From Unit 8- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p. 85-87- and From Engleza de Afaceri, Fulvia Turcu, 1991, Vol. 2., Ed. Uranus, p. 178, Business Writing
10)
From Unit 11- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p.111-114
Accounting is the daily recording of financial information while bookkeeping is the design and maintenance of the accounting system.
ANS: F
11)
From Unit 11- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p.111-114
In accounting a gradual loss in the value of something, such as a vehicle, a machine or any ASSET that wears out with use and age is called depreciation.
ANS: T
12)
From Unit 15-The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p.159-160
13)
From Unit 58- - Engleza de afaceri, Fulvia Turcu, Vol. 1, 1991, Ed. Uranus, p. 511-513
14)
From Unit 8- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p. 85-87- and from Engleza de Afaceri, Fulvia Turcu, Vol. 2, p. 17
15)
From Unit 8- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p. 85-87- and from Engleza de Afaceri, Fulvia Turcu, Vol. 2, p. 175-177 Business Writing
16)
From Unit 8- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p. 85-87- and From Engleza de Afaceri Vol. 2,, Fulvia Turcu, 1991, Ed. Uranus, p.178 Business Writing
17)
From Unit 5 Engleza de Afaceri, Fulvia Turcu, 1991, Ed. Uranus,Vol. 2. p. 62-63: Business Writing
In a semiblock style (Modified block) business letter the first line of each paragraph is indented five to ten spaces.
ANS: T
18)
From Unit 11- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p.111-114 Accounting terminology
19)
From Unit 11 & 12 - Grammar section: The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p.120-122 and 127 Grammar
Gerund is frequently used in business writing to express a demand, requirement, request or suggestion.
ANS: F
20)
From Unit 11- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p.111-114 and p.170 Accounting terminology
ANS: T
21)
From Unit 9- -The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p.88-90
Financial accountants are not responsible for the forecasting of the companys future. ANS: T
22)
23) The more information passes through your office, the less you need
a logical system for filing it.
ANS: F
24) A signed advertisement does not include the name of the firm
placing the advertisement, but it is signed by the firms manager.
ANS: F
25) An insurance certificate is a proof that the goods are covered for risk
of damage or loss during transit and is often asked for in the documentary credit
ANS: T
26) 27)
A deposit account is a bank account in which you usually leave money for a long time and which pays you interest
ANS: T
30)
From Unit 11- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p.111-114 and p.170
Accounting terminology
36) Most often, when companies decide to place orders, they prefer to use
special order forms.
ANS: T
41) 42)
The companies are not at all organised along product lines. ANS: F (din manualul Spiru Haret 2006, Unit2, Jobs, p17)
Your CV or resume is a concise statement of your background, education, skills and experience.
ANS: T
43)
(din manualul Spiru Haret 2006, Unit2, Jobs, p17) The companys Research and Development Department selects the applications and prepares a shortlist of candidates for an interview. ANS: F
44)
During an interview you should not show too much interest in understanding your prospective employers needs.
ANS: F
45)
(din manualul Spiru Haret 2006, Unit2, Jobs, p17) In a Letter of Application you should create interest in your disabilities and state your desire to work for more companies at the same time ANS: F
46)
Before you apply for a job with a particular company, you have to find out all you can about the company.
ANS: T
47)
You need to ask your interviewer about the responsibilities of the position you apply for.
ANS: T
48)
From Unit 14 The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.148 and 210:
49)
Reading comprehension
Ron works for an organization where his span of control is fifty. This means that he has fifty employees who report directly to him.
ANS: T
50)
From Unit 9- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p.88-92
Documenting, maintaining and providing financial information of an organization is the responsibility of the accounting department.
ANS: T
51)
From Unit 9- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p.88-92
One of the main functions of an accountant is to make investment decisions for an organisation
ANS: F
54) Break-even analysis is useful for companies that sell products, but it is not
useful for companies that provide services.
ANS: F
55) An outstanding check refers to one written on an account with a very low
balance
ANS: T
56)
From Unit 14- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p. 143
57)
From Unit 8-Section B: The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 85 and from Engleza de afaceri Fulvia Turcu, vol.2 , p.59-73 and 178-The parts of a business letter/memo
Business memos are usually internal; that is between employees within a business, company or organization.
ANS: T
58)
From Unit 8-Section B: The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 85 and from Engleza de afaceri Fulvia Turcu, vol.2 , p.59-73 and 178-The parts of a business letter/memo
Business letters are usually shorter and more informal than memos.
ANS: F
59)
A barter economy has no medium of exchange. Goods are traded directly or swapped for other goods.
ANS: T
60)
From Unit 16 The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, .p.166, 181, 200, 207 .
The rate of interest paid to the depositor is not in relation to the length of depositing period.
ANS: F
62)
For customers that wish to save money (put money aside) banks provide savings accounts which pay interest on the funds deposited.
ANS: T
63)
Credit cards are a system of payment involving non electronic transfers of payment.
ANS: F
64)
When quantity supplied is greater than quantity demanded, prices tend to fall.
ANS: T
66)
A central bank is the Governments banker: when short of money, the government may borrow from the Bank.
ANS: T
67)
In a market, the larger the difference between quantity supplied and quantity demanded, the less the pressure on prices to rise (if there is excess demand) or fall (if there is excess supply).
ANS: T
1)
From Unit 14- The Language of Business : Accounting-Banking-Finance, Niculescu (coord), Ed. Fundatiei Romania de Maine-2006, p.145 Basic Stock Market terms
C are making a loan to the company D borrow money from the company
2)
From Unit 15- The Language of Business: accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 159 Financial management terms
When comparing preference shares with ordinary shares, we can usually say that:
A Preference shareholders have greater B
voting powers at Annual General Meetings Preference shareholders have priority over D Ordinary shareholders for annual dividend payments
ANS: B
3)
From Unit 14- The language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 147-148 Basic Finance Terminology
car exchange
B stock exchange, commodity exchange, foreign currency exchange ANS: B
C stock exchange, precious metal exchange, foreign currency exchange D stock exchange, raw material exchange, job exchange
4)
From Unit 15- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.159-164 Financial management terms
Which one of the following would be classed as a source of long-term funds for a company?
A B C D E An issue of ordinary shares Trade creditors Bank overdraft Factoring Hire Purchase
ANS: A
5)
From Unit 13-section B- The Language of Business : Accounting-Banking-Finance, Ed. Fundatiei Romania de Maine-2006, p.141
Basic Business terminology Choose the most suitable business idiom. After only three months the company was able to ...... ............ and started to make a profit.
A BREAK UP B BREAK DOWN C BREAK EVEN ANS: C D BREAK OUT E BREAK OFF
6)
From Unit 13-The Language of Business : Accounting-Banking-Finance, Niculescu (coord), 2006, Ed. Fundatiei Romania de Maine, p.132 Business English basics
A business that arranges the movement of products or commodities between two countries is an:
A B C
7)
From Unit 11: The Language of Business : accounting-banking-finance, Niculescu (coord), 2006, Ed. Romania de Maine, p.111-112 Essential business entries used in financial statements
ANS: B
8)
From Unit 14- The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.145 Stock market terms
When public spending exceeds receipt from income taxes, VAT and so on, the government issues:
A B C D E Shares Stocks Vouchers Blue chips Bonds
ANS: E
9)
From Unit 11- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.111-115 Accounting terminology
Materials that have been purchased by D Anything that is owned by a business a business
ANS: D
10)
From Unit 8-section B: The Language of Business : Accounting-Banking-Finance, Niculescu (coord), 2006, Ed. Fundatiei Romania de Maine, p. 86: The parts of a business letter
are writing to
11)
From Unit 11- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.111-115-Accounting terminology
Select the correct word that describes the amount by which expenses exceed revenues:
A B C assets D net loss
ANS: D
12)
From Unit 15- The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.159-164 Financial management terms
Which of the following could be used as a short term means to improve cash flow in a business?
A B C D A new issue of debentures A new issue of preference shares Taking out a mortgage on firms depot Debt factoring
ANS: D
13)
From Unit 14 The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.143 Basic Finance & Stock market terminology
ANS: B
14)
From The Language of Business : Accounting-Banking-Finance, Niculescu (coord), 2006, Ed. Fundatiei Romania de Maine, p.166
Basic finance terminology In the following sentence : He defaulted on his auto loan payments the verb to default on means:
A to fail to pay money B to overpay ANS: A C to meet ones payment obligations D to pay in advance
15)
From Unit 11: The Language of Business : Accounting-Banking-Finance, Niculescu (coord), 2006, Ed. Fundatiei Romania de Maine, p.111 Basic Accounting Terminology:
Our include a $12,000 tax bill and the $8,000 we owe our suppliers.
A B C D Assets Debtors Liabilities Overheads
ANS: C
16)
If the Romanian currency were to rise sharply against other world currencies, the probable effect on the Romanian economy would be to:
A make imports cheaper B make exports cheaper ANS: A C encourage foreign tourism in Romania
17)
From Unit 14- The Language of Business : Accounting-Banking-Finance, Niculescu (coord), Ed.Fundatiei Romania de Maine-2006, p.145-148 Basic Stock Market terms
18)
From Unit 11: The Language of Business : Accounting-Banking-Finance, Niculescu (coord), 2006, Ed. Fundatiei Romania de Maine, p.112
Basic accounting terminology For a profitable firm, total sources of funds will always
19)
From Unit 15- The Language of Business : Accounting-Banking-Finance, Ed.Funaiei Romania de Maine2006, p.159-164
ANS: C
20)
From - The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.183 Accounting terminology
You record how much each of your employees should be paid in the ......... account.
A B C D E Employee pay Employer pay Revenue Payroll Standard deduction
ANS: D
21)
From Unit 11: The Language of Business : accounting-banking-finance, Niculescu (coord), 2006, Ed. Romania de Maine, p.111-115
Assets plus liabilities equal Equity Liabilities plus Equity equal Assets
ANS: B
22)
From - The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.37; 98, 144, 163
For each of the verbs below, three of the four words or expressions fit. In each case circle the one which DOES NOT.
MAKE A MONEY B A LOSS
23)
From Unit 11: The Language of Business : accounting-banking-finance, Niculescu (coord), 2006, Ed. Fundatiei Romania de Maine, p.115 Essential business entries used on a balance sheet
ANS: B
24)
READING COMPREHENSION
Teacher salaries account for approximately seventy percent of a school budget. Any major proposal designed to reduce educational expenditures will ultimately necessitate a cut in teaching staff. Neighbourhood High School is staffed by fifty teachers, and its administration has just ordered a reduction in educational expenditures.
According to the above passage, which of the following will be one result of the reductions? A B C D E A reduction in both administrative and teaching salaries A teaching staff dependent on fewer educational materials A teaching staff of fewer than fifty teachers A teaching staff of only fifteen teachers A substantial change in the quality of education
ANS: C
25)
From Unit 11: The Language of Business : Accounting-Banking-Finance, Niculescu (coord), 2006, Ed. Fundatiei Romania de Maine, p.111
ANS: A
26)
For each of the verbs below, three of the four words or expressions fit. In each case circle the one which DOES NOT.
MEET A A DEADLINE B AN APPOINTMENT C CUSTOMERSEXPECTATION
D A TARGET ANS: B
27)
From - The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.176 Basic accounting terminologoy
Petty cash is
A B C D
small denomination coins money held in a business to cover small expenses pocket money given to children a tip
ANS: B
28)
From Unit 11: The Language of Business : accounting-banking-finance, Niculescu (coord), 2006, Ed. Fundatiei Romania de Maine, p.117
Reminders must be sent out to all customers whose accounts are more than a month ________
A B C D Indebted Overdue Unbalanced Unpaid
ANS: B
29)
From Unit 9-section B- The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.96-98 Grammar: IF CLAUSE
ANS: A
30)
Selectati traducerea corecta: Suntem deosebit de interesati sa vindem cu amanuntul produsele dvs. si abia asteptam sa primim esantioanele
A We are highly interested in retailing your products and we look forward to receiving your samples. B We are highly interested to retail your products and look forward to receive your samples. C We are highly interested of retailing your products and look forward to receive your samples.
D We are especially interested to retail your goods and are looking forward to receive your samples. ANS: A
31)
Since import regulations have been relaxed it has become ____________to work in the Egyptian market.
A B C D E More easy More difficult More easier Easier Difficult
ANS: D
32)
From Unit 11- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.111-115 Accounting terminology
_____________ pay is what an employee earns before deductions. A Net B Full C Gross D Complete ANS: C
33)
Business English writing The debt should be paid______within thirty days of receiving this statement. A all over D for fool B in fool E for full C in full ANS: C
34)
From Unit 13- Section B-The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.141 BASIC BUSINESS IDIOMS
Choose the most suitable accounting / banking idiom. It was impossible for the bank to collect the money so they were forced to ............... the loan.
A write out B write up ANS: D C write down D write off
35)
From Unit 13- Section B-The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.139 BASIC BANKING WORD PARTNERSHIPS / COLLOCATIONS
36)
From Unit 11- Section B-The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.119
Grammar Select the verb or verb string that best completes the following sentence:
37)
From Unit 10- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.100 Basic bank terminology
Christina wants to ......... her check because she needs the money right away.
A rent B buy ANS: D C exchange D cash
38)
From Unit 8: The Language of Business : Accounting-Banking-Finance, Niculescu (coord), 2006, Ed. Romania de Maine, p. 85 -The parts of a business letter
are writing to
39)
From Unit 11: The Language of Business : Accounting-Banking-Finance, Niculescu (coord), 2006, Ed. Fundatie Romania de Maine, p.112-113 Accounting terminology
What is the correct accounting name given to distributions of cash or other assets from an incorporated business to its shareholders ?
A bonuses B revenue C business perks D cash discounts E dividends
ANS: E
40)
Grammar: Sequence of tenses Complete the second sentence so it has a similar meaning to the first sentence.
41)
Choose the pair that best expresses a relationship similar to the one expressed by the following capitalized pair. TRESURER : FINANCES
A Secretary : minutes B Senator: representative C Agenda : meeting ANS: A D President : chairman E Vice-president : congress
42)
From Unit 13, The language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 132-136 International trade
43)
From Unit 10 and 13, The Language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine,p.100 and p.140 Basic Bank terminology
To let someone else use some of your money for a certain period of time, after which it must be paid back, is to......
A lend B trust C steal ANS: A D borrow E charge
44)
From Unit 10, The language of Business: accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 100-104-Bank terminology
ANS: A
45)
Assume the following: A majority of Romanian grain farmers produce an unusually large crop in a one-year period. There are no government price supports. Demand remains relatively constant. Which of the following statements best represents the probable effects on farm income? A B Income would tend to gradually increase C Income would tend to fall Income would remain relatively stable D There is insufficient evidence to predict the probable effect
ANS: C
46)
47)
48)
49)
50)
51)
D assessment
52)
53)
54)
55)
56)
57)
58)
59)
60)
61)
Property and equipment currently owned and not intended for sale are known as...
A current assets B fixed assets ANS: B C wasting assets
62)
63)
64)
Choose the appropriate position for the following job description: filing, mailing, relief, reception and other general office work :
A R&D manager B personnel officer ANS: D C bank teller D clerk
65)
Nowadays many designers or IT specialists are....................in other words they sell their work or services to different companies. A general practitioners B freelance ANS: B C unemployed D civil engineers
66)
(din manualul Spiru Haret 2006, Unit2, Jobs,p21, ex.4, pct.d) Her academic....................are good but she doesnt have any previous experience A occupations B demands ANS: C C qualifications D experiences
67)
Employers are interested in practical...................... such as word processing and fluency in foreign languages.
A Knowledges B needs ANS: C C skills D informations
68)
(din manualul Spiru Haret 2006, Unit8, Company Organisational Structures,p82, ex.1, pct.d)
Change the following sentence from Direct into Indirect Speech. I dont want to diversify the product offer in the immediate future. the manager stated.
A The manager stated that he wanted to
C The manager stated that he never had not wanted to diversify the product offer in
69)
70)
71)
In the following group of sentences, the speaker is responding to a complaint. Which is the most polite of these responses? A Whats the problem? C You could be using it incorrectly. B Im very sorry to hear about your problem. D Its not our fault if the equipment wasnt installed correctly. ANS: B
72)
further orders from you. B We are looking forward to receiving further orders from you.
ANS: B
orders from you. D We are looking forward receiving further orders from you.
73)
In the following group of sentences, the speaker is complaining. Which is the most forceful of these complaints? A There is a small problem with this product. B Unfortunately, we had some problems with this product. ANS: C C Im sorry, but Im not satisfied with this product. D The product doesnt seem to work very well.
74)
Choose the most appropriate variant: White collar workers work ....
A in offices B on building sites ANS: A C in the field D on a farm
75)
Choose the most appropriate variant: When you are introduced to somebody you should say ______ .
A How old are you? B How do you do? ANS: B C What are you? D What do you do?
76)
77)
In the sentence: A shipment of urgent medical supplies is expected to arrive very soon. the term shipment means:
A a large boat for travelling on water C a ship used especially for taking
78)
Choose an idiom to replace the expression in the brackets: The price of oil (reached its lowest point) in July and began to rise soon after. A cut corners B closed out ANS: D C broke even D bottomed out
79)
Work is always so much better if you have a manager you ... on well with. A get B take ANS: A C carry D hold
80)
The directors of the company approve the at the end of the year.
A accounts; accounting B accounting; accounts ANS: A C accounting; accounting D accounts; accounts
81)
Choose the correct words to complete the introductory paragraph of a business letter: Dear Mr. Petrescu, With ... to our telephone conversation today, I am ... our latest catalogue. I ... our most up-todate price list is not yet available, but I shall send you one as soon as they are printed. A relation, posting, am afraid B reference, enclosing, am afraid ANS: B C connection, including, deeply regret D relation, enclosing, apologise
82)
If you have any further ... or would like to arrange a meeting, please do not ... to ... us again.
A questions, pause, connect B enquiries, delay, contact C doubts, hesitate, correspond D questions, hesitate, contact
ANS: D
83)
Choose the things that are traded in financial centres: A securities B commodities C shares ANS: E D currencies E all of the above
84)
Choose an idiom to replace the expression in the brackets: We closed the store early in order to (count the number of items we had). A run short B buy out ANS: D C gain ground D take stock
85)
Choose the most appropriate variant: Unless the company had advertised, it______________market share.
A would lose B lost ANS: C C would have lost
86)
Choose the most appropriate variant: People will be inclined not to place their savings on deposits, if the government _________________interest rates.
A will lower B lowers ANS: B C will have lowered
87)
Choose the most appropriate variant to complete the complex sentence: If sales don't improve soon ___________________
A they'll have to lay off some workers. B they had to lay off some workers. ANS: A C they would have to lay off some
workers.
88)
Choose the most appropriate variant to complete the complex sentence: If I were in your position, _____________________
A I'll resign rather than wait to be sacked. C I resign rather than wait to be sacked. B I'd resign rather than wait to be sacked. D I resigned rather than wait to be sacked ANS: B
89)
Choose the most appropriate variant to complete the complex sentence: If they spent more on Research and Development, _______________
A they wouldn't have been so behind C they won't be so behind
technologically.
90)
Choose the most appropriate variant: I think it would create much better discipline in the office if you ______ me a bit more respect in front of my staff.
A show B showed ANS: B C will show D are showing
91)
Choose the most appropriate variant: If they __________the supplier, they ______ in the mess they are now in.
A didnt change/won't be B hadn't changed/ wouldn't have been ANS: B C changed/werent
92)
Choose the most appropriate variant: They _________the goods immediately, if we___________our order by fax.
A will deliver/send B will deliver/will send ANS: A C delivered/sent
93)
Choose the most appropriate variant: ________ at the last moment, the meeting _________________.
A Hadnt he arrived /would have been C If he didnt arrive/had been called off
called off
B Hasnt he arrived /will have been
called off
ANS: A
94)
Choose the most accurate translation of the complex sentence below: Oamenii prefer s fac mprumuturi n valut strin cu condiia ca dobnda s fie sczut.
A People prefer to take loans in foreign C People prefer to take loans in foreign
currencies provided that the interest will be low. B People prefer to take loans in foreign currencies provided that the interest is low.
ANS: B
95)
Choose the most accurate translation of the complex sentence below: Banca noastr v-ar acorda un mprumut ipotecar dac ai avea 25 de ani i un venit minim de 300 de dolari. A Our bank would grant you a mortgage loan if you would have 25 years and would have a minimum income of 300 dollars. B Our bank would grant you a mortgage loan if you are 25 and have a minimun income of 300 dollars. ANS: C C Our bank would grant you a mortgage loan if you were 25 and had a minimun income of 300 dollars.
96)
Choose the most appropriate variant to complete the complex sentence: If the company had had a better marketing strategy they ____________
A will easily conquer the foreign market. C would have easily conquered the
foreign market.
B will have easily been conquered the
foreign market.
ANS: C
97)
Choose the most appropriate variant to complete the complex sentence: Consumers would be much better off provided that ____________
A accurate product information would C accurate product information is
98)
Choose the most appropriate variant to complete the complex sentence: They wouldn't have gone bankrupt if ____________
A they had conducted better market C they will have conducted better market
research.
B they conducted better market research. ANS: A
research.
99)
One of these sentences which are often heard or used when telephoning represents a recorded message. Choose it. A Sorry to keep you waiting. B We are unable to take your call at the present time. Please leave your name and number after the tone. ANS: B C Hold on a moment and I will put you through. D Anything else?
100)
Complete the phone dialogue: B: Extension 101, please. A: The line is now free. Ill .... you .... A put ... through B put ... down ANS: A C give ...up D put....on
101)
Complete the phone conversation: B: I d like to speak to Mr. Isaac. A: I am afraid he is in a meeting. Do you want to ..... later? A hold on B take back ANS: D C hold back D call back
102)
Depending .... its size, there are several organisational structures a company can choose from.
A along B on ANS: B C by D with
103)
Complete the sentence with the suitable word: After a long negotiation, we finally reached ................ A agree B agreement C agrement ANS: B D agrees E agreeing
104)
105)
John and Ellen own the John and Ellen Laundry, a partnership. Each takes $1000 cash from the partnership entity and deposits it into a personal bank account. An accounting report of the financial position of the John and Ellen Laundry would show that:
A John and Ellen each have $1000 more cash. B the change in the entitys equity is zero. ANS: C C the entity has $2000 less equity D the entity has $1000 less cash
106)
107)
READING COMPREHENSION: Andreea has worked in the fashion industry as a stylist for ten years, choosing the clothing that models and movie stars wear for on-camera appearances. Im the one who decides how the actors look, she says. I love it. Every day is different. Although Andreea routinely meets famous movie stars, there is a disadvantage to her job: she often works 18-hour days, and she has to accomodate everyones schedule. Its prety tiring, she admits. But I wouldnt change careers for anything. WHAT DOES ANDREEA DO IN HER JOB ? A hires the models who appear in C organizes filming of television programs advertisements B selects clothing for film stars and models D takes pictures for the fashion industry ANS: B
108)
READING COMPREHENSION: Andreea has worked in the fashion industry as a stylist for ten years, choosing the clothing that models and movie stars wear for on-camera appearances. Im the one who decides how the actors look, she says. I love it. Every day is different. Although Andreea routinely meets famous movie stars, there is a disadvantage to her job: she often works 18-hour days, and she has to accomodate everyones schedule. Its prety tiring, she admits. But I wouldnt change careers for anything. WHAT IS INDICATED ABOUT ANDREEAs JOB ? A she has recently changed careers. C she often works very long days. B she gets tired of doing the same thing D she recently received a promotion. ANS: C
109)
Grammar Some of the sentences below have a grammatical mistake. Identify the corrrect sentence: A Could you give me an information, C How many money did you spend? please? B The news is not very good. D I havent got some paper ANS: B
110)
From Unit 13, The language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 132, International trade
Developing and implementing a pricing strategy that is to be attached to a product / service is a function of which department?
A human resources B production C marketing ANS: C D finance E R&D
111)
From Unit 15- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.157: Sources of funds Financial management terms
The amount of money an organisation needs to finance its day to day activities is called :
A working capital B daily capital ANS: A C running capital D bridge financing
112)
From Unit 3- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, unit 3, p.33
A balance of payments deficit exists when: A the value of a countrys imports equals the C the value of a countrys imports is less value of its exports than the value of its exports B the value of a countrys imports is greater than the value of its exports ANS: B
113)
From the following textbooks: The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, unit 8, p.76 and Engleza de afaceri n economia de pia, Fulvia Turcu, (1991), Bucureti: Editura Uranus, Vol. 2 - Unit 1 (types of organizational structure) p.15-19.
The practice of separation between ownership and control exists mainly for which type of organizations? A large publicly limited companies C professional partnership firms B small owner operated businesses (sole D non government organizations
traders)
ANS: A
114)
From Unit 9- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.88-92
The management accounting function of an organization will involve : A exercising budgetary control C conductiong an internal audit B preparing financial statements D treasury and risk management ANS: A
115)
From Unit 2 and 8 - The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.16-22 and 76-80
The functions of recruitment and selection are typically performed by which department of an organization
A administration B marketing ANS: C C human resources D production
116)
From Unit 11 - The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.111-114
The financial statement that shows the revenues earned and corrresponding expenses incurred for a particular period is called a(an):
A balance sheet B income statement ANS: B C statement of cash flows D statement of retained earnings
117)
From Unit 8 - The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p 76-78
118)
From Unit 8 - The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.76-80
119)
From Unit 9 and 11 - The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.88-91and 111-114
Supreme Pls. has made payments of salaries to its office staff, consulting fees to its lawyer and taxes to the government. Recording and classifying these expenses under different categories is the responsibility of its :
A management accountant B internal auditor ANS: C C financial accountant D cost accountant
120)
From Unit 11 - The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.111-114
The financial statement that reports the assets, liabilities, and stockholders' (owner's) equity at a specific date is the :
A profit and loss account B statement of retained earnings ANS: D C cash flow statement D balance sheet
121)
From Unit 11 - The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.111-114
122)
In a business letter, the type of pacing used between the complimentary close and the keyed signature is usually:
A single B double ANS: D C triple D quadruple
123)
From Unit 8- section B: The Language of Business: accounting-banking-finance, Niculescu (coord), Ed.
Fundatiei Romania de Maine, 2006, p. 85-86:
124)
From Unit 8- section B: The Language of Business: accounting-banking-finance, Niculescu (coord), Ed.
Fundatiei Romania de Maine, 2006, p. 85-86:
125)
126)
Grammar:
129)
From Unit 13, The language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 132, 83; 173
130)
131) Grammar:
Which of the following assertions is grammatically correct?
increased continuously.
B It is necessary that the turnover will
increased continuously.
be increased continuously.
ANS: C
132) Grammar:
Which of the following assertions is grammatically correct?
A It is essential that the customers to C It is essential that the customers are
133)
Grammar: State the most appropriate translation for the following sentence:
She hoped the bank would have granted the loan by the end of the period of grace.
A A sperat c banca va vrea s acorde C A sperat c banca i va acorda
mprumutul pn la sfritul perioadei de graie B A sperat c banca i va fi acordat mprumutul pn la sfritul perioadei de graie.
ANS: B
134)
Grammar: State the most appropriate translation for the following sentence:
135)
Grammar: State the most appropriate translation for the following sentence:
installments!
B Let us take a loan to pay the monthly
monthly installments!
installments!
ANS: B
136)
GRAMMAR:
use the most various methods of sales promotion. B It is required that the sales manager uses the most various methods of sales promotion.
ANS: A
137)
GRAMAMR:
be intensified.
138)
Grammar:
the companys money. B The cashier bears responsibility for the companys money
ANS: B
balance sheet and profit and loss account is tantamount to the books of account. B An auditors report certifies that the balance sheet and profit and loss account coincide with the books of account.
ANS: C
balance sheet and profit and loss account agree with the books of account.
140)
nowadays.
C cost D expense
141)
142)
Grammar:
1)
From Unit 13, The language of Business: accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 132-134 Import-Export terms
Money taken by the government on certain imports and exports is known as :________
________
(Nu folositi semne de punctuatie. Unde este cazul lasati un singur spatiu intre cuvinte !!!)
ANS: customs duties customs duty tariff tariffs customs tariffs customs tariff
2)
From Unit 15 and 16, The Language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine,p.166 Basic Finance Terminology
If a person or business has more debts than money to pay them, this means they may be declared _________ ( un singur cuvint)
ANS: bankrupt insolvent
3)
From Unit 10 -Grammar section, The Language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine,p.100 - 105
Grammar-Passive voice Put the following sentences into the passive voice making all necessary changes He has just written a special edition for the bank employees.
A special edition has___ ___ ____ by him for the bank employees
(Nu folositi semne de punctuatie. Unde este cazul lasati un singur spatiu intre cuvinte !!!))
ANS: just been written
4)
From Unit 11-Grammar section: The language of Business: accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 119-121
The manager demands that the main entrance __________(to be) locked at night.
(Nu folositi semne de punctuatie. Unde este cazul lasati un singur spatiu intre cuvinte !!!)
ANS: should be be
5)
From Unit 14 The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.145 Basic financial terminology
6)
From Unit 11 -Grammar section, The Language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine,p.120-122 Grammar :
Insert the right form of the verb in brackets: The board of directors recommended that she ____________(to join) the company.
(Nu folositi semne de punctuatie. Unde este cazul lasati un singur spatiu intre cuvinte !!!)
ANS: should join join
7)
From Unit 11- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed. Fundatiei Romania de Maine-2006, p.112 Basic accounting terms
The double entry bookkeeping system records at least one __________ and one _______for each transaction
(Nu folositi semne de punctuatie. Lasati un singur spatiu intre cuvinte !!!)
ANS: debit credit credit debit
8)
From Unit 2: The Language of Business : Accounting-Banking-Finance, Niculescu (coord), 2006, Ed. Romania de Maine - p.16-18 Human Resources Terms-Recruitment Advertising
Private employment agencies must place signed advertisements but sometimes they dont. When the advertisement does not show the firms name it is called_______ advertisement. (un singur cuvint)
ANS: blind
9)
From Unit 11- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Funaiei Romania de Maine-2006, p. 111-112-Accounting terminology
(Nu folositi semne de punctuatie. Acolo unde este cazul lasati un singur spatiu intre cuvinte !!!)
ANS: loss net loss loss or net loss deficit debt
10)
From Unit 9- Section B: "The Language of Business : Accounting-Banking-Finance", Niculescu (coord.), Ed.Funatiei Romania de Maine-2006, p.97 GRAMMAR: CONDITIONAL
Put the verbs in brackets into the appropriate conditional form using the information given. (LASATI UN SINGUR SPATIU INTRE CUVINTE FARA VIRGULA!!!) You are talking to a customer who has asked you to replace a lost credit card for the fifth time. If you ______( to lose) your card again in the future, Im afraid that the bank _____ _____ (to refuse) to issue a replacement. ANS: lose will refuse
11)
From Unit 11- The Language of Business : Accounting-Banking-Finance, Ed.Funaiei Romania de Maine-2006, p.111 Key accounting/financial terms
A key term used in financial statements/reports that indicates what the business owes e.g. bank overdraft, creditors, loans, staff leave not yet taken: _________ (un singur cuvnt la plural)
ANS: liabilities
12)
From Unit 8- The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine2006, p.84 GRAMMAR: REPORTED SPEECH
The customer asked how much the interest for a savings account ____ (Un singur cuvint)
ANS: was
13)
From Unit 11- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.111-112
14)
From Unit 11- The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.111-112
A/an ............ ............. is a formal financial statement that aids users in assessing the profitability of a business.
15)
From Unit 9-Section B - The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.96 Grammar: If clause Put the verb in brackets into the appropriate conditional form using the information given. A bank representative has just refused your request for a $2000 loan because you do not have enough money in your savings account. If you had had more money in your account, the bank would ____ ____(lend) you the $2000. ANS: have lent
16)
From Unit 11- The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.112
Basic Accounting Terminology Money taken from the profits made by companies is known as :__________ tax.
17)
From Unit 11- The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.111-112
assets
18)
From Unit 9-Grammar section, The Language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine,p.96 Grammar- If clause
Put the verbs in brackets into the correct tense. (Lasati un singur spatiu intre
cuvinte,
FARA
SEMNE
DE
PUNCTUATIE !!!!)
The marketing people are complaining about the lack of staff and if we ______( to have) more money we would ______ (to employ ) more people.
ANS: had employ had had have employed
19)
Turn the statements, questions and orders below into reported speech. A sentence has been done for you;
I have just opened a savings account. I want to go to Bahamas next summer my uncle said. My uncle said he had just opened a savings account, as he wanted to go to Bahamas the following summer. You must take out a mortgage. my parents- in-law said last year.
(Nu folositi semne de punctuatie. Acolo unde este cazul lasati un singur spatiu intre cuvinte !!!)
ANS: had to
20)
Money paid to people that are made redundant is known as ________ benefit. ( un singur cuvint)
ANS: unemployment
21)
BUSINESS COMMUNICATION Complete the following business letter choosing the appropriate word or phrase from the list. MODIFY its grammatical form where necessary. ( money, to charge, debit, opening, salary, transfer, bank statement, to open, business) (Nu folositi semne de punctuatie. Lasati numai un singur spatiu intre cuvinte !!!) Dear Ms. Morrison We are pleased to confirm that we have___________an account in your name. The account number is 8709000514 and your ________ balance is $4000. May I take the opportunity once more to welcome you as a customer of the Mediterranean Bank Yours sincerely,
22)
From Unit 13, The Language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine,p.133 Basic import-export terminology
State the COMMONEST METHOD OF PAYMENT for trade between countries. It is operated by the banks and money is transferred from the buyer to the seller through the banking system. (Lasati un singur spatiu intre cuvinte . Nu folositi semne de punctuatie !!)
ANS: letter of credit L/C Documentary credit L/C
23)
From Unit 13, The Language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine,p.134 Basic Import-export terminology
One of the most important shipping documents which is also a document of title is the_____ ___ ______
(Nu folositi semne de punctuatie. Unde este cazul lasati un singur spatiu intre cuvinte !!!)
ANS: bill of lading
24)
SPEAKING Identify the error in the following sentence, then correct the mistake. It is possible that there is no error (in this case write "No error") (Daca nu este nici o greeal scrieti "no error". Daca exista vreo greseal atunci scrieti numai cuvintul ce trebuie sa inlocuiasc unul din cuvintele evidentiate)
No error
25)
(NU FOLOSITI SEMNE DE PUNCTUATIE SAU ORDONARE (DECI FARA A, B, C, .; LASATI UN SINGUR SPATIU INTRE CUVINTE )
ANS: overdraft facility mortgage bank loan overdraft facility mortgage loan overdraft facility mortgage overdraft mortgage loan overdraft mortgage
26)
(Nu folositi semne de punctuatie. Unde este cazul lasati un singur spatiu intre cuvinte !!!)
extras de cont
27)
Enter the correct words to build expressions related to economics and finance. (Scrieti numai cuvintele care lipsesc)
(Nu folositi semne de punctuatie. Lasati un singur spatiu intre cuvinte !!!)
A _____ debt is a loan that is not likely to be paid back. ___________ benefit is regularly paid by the government to people who do not have a job.
28)
From Unit 10 -Grammar section, The Language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine,p.100 - 105 Grammar: Passive Voice
Transform the following active construction into a passive construction. Insert the adverb in brackets. Use the same tense. (Nu folositi semne de punctuatie. Unde este cazul lasati un singur spatiu intre cuvinte !!!) They have opened the new conference hall (just) The new conference hall ___ ___ ___ opened
ANS: has just been
29)
From Unit 11- The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.112
In accounting the idea of income is the difference between _________ and _________. (Scriei numai cele dou cuvinte -la plural-lasind o singura pauz intre ele, FARA virgula)
ANS: revenues expenses
30)
From Unit 12, The Language of Business-accounting-banking-finance, Niculescu (coord.), Ed. Fundatiei Romania de Maine, 2006, p. 130-Business writing - LETTER OF COMPLAINT -Complete the following business letter choosing the appropriate word or phrase from the list. MODIFY its grammatical form where necessary. Use a word only once ( to be able to, to run, to drop, to fail, to file, to allow, sell, to buy, to contact, to be, to pay )
(Nu folositi semne de punctuatie. Lasati un singur spatiu intre cuvinte !!!)
Dear Ms. Melrose: The purpose of this letter is to advise you that I ___________my attorney and plan to _________ a suit against Class Arrivals unless you drop the charges for which I have _________ billed. ANS: contacted file been have contacted file been
31)
Business writing- Apology for billing error Complete the following business letter choosing the appropriate word or phrase from the list. MODIFY its grammatical form where necessary. Use standard English spelling ( to allow, to do, to want, sell, to buy, to contact, to be, to make, to cancel, to pay )
(Nu folositi semne de punctuatie. Lasati un singur spatiu intre cuvinte !!!)
Dear Mr. Howard I would like to apologize for the error we _________ on our invoice DCI-987 dated June 15. Im _______ that invoice and re-invoicing you as follows: 12 tables @ $11,48 each $137.76 48 chairs @ $2.05 each $ 98.40 12 tablecloths @ $1.88 $ 22.56 24 5-piece place settings @ $3.24 each $ 77.76 Subtotal $336.48 Tax (4.5%) $ 15.14 ______ Total $351.62 I hope this resolves the issue to your satisfaction. I look forward to ___________ business with you in the future. Yours sincerely, ANS: made cancelling doing made canceling doing have made cancelling doing have made canceling doing
32)
Complete the following business letter choosing the appropriate word or phrase from the list. MODIFY its grammatical form where necessary. Use standard English spelling. ( to arrive, to want, to cause, to sell, to purchase, to tell, to contact, to be able to, to be, to make, to cancel) (Nu folositi semne de punctuatie. Lasati un singur spatiu intre cuvinte !!!) Dear Mr. Boyanov Im sorry to learn about the damage to the sofa that you _________ from us last month. Our driver has determined that the damage occurred in shipment (most likely from the manufacturers warehouse to our store). Ive ordered an exact replacement from the factory, and Ive been____________that it will take four to six weeks to get here. Ill call you as soon as it_____________, and we will arrange a convenient time for delivery. I am sorry for the inconvenience this has caused you. Ill be in touch very soon. Sincerely, Bob Chamberlain Manager ANS: purchased told arrives
33)
Business writing - Collection letterComplete the following business letter choosing the appropriate word or phrase from the list. MODIFY its form where necessary. Use standard English spelling (to order, to cause, to sell, to purchase, to tell, invoice, to contact, to be able to, to be, to make, to serve, to receive, to settle, present, past, to cancel, to have, over )
(Nu folositi semne de punctuatie. Lasati un singur spatiu intre cuvinte !!!)
Dear Mr. Boyanov Unfortunately, we still have not ___________your $2,375.60 payment for merchandise you purchased January 15 (invoice #4454, dated January 17). Because your account is three months _______ due, we are now forced to add a late charge of $23.75 in accordance with our credit policy. The new balance is $2.399.35 Please be sure to ________your account with us today. If you have difficulty paying the full amount now, please call me today to discuss arranging a payment schedule. Sincerely, Bob Chamberlain Manager ANS: received past settle received over settle
34)
The most popular way of calculating the depreciation each year is the _______ _______ method. (2 cuvinte-lasati un singur spatiu intre ele ! )
ANS: straight line straight-line fixed installment fixed instalment
35)
From Unit 11- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Funaiei Romania de Maine-2006, p. 111-112-Accounting terminology
(Nu folositi semne de punctuatie. Unde este cazul lasati un singur spatiu intre cuvinte !!!)
The ___________ is a summary of the companys trading performance, the financial movements over the past financial year. ANS: profit and loss account P&L account income statement profit and loss statement
36)
Fill in the correct prepositions in these sentences. All are expressions which occur frequently in business letters: Duty has been paid _______the goods and they are not liable ____VAT (Lasati un singur spatiu intre cele 2 prepozitii !)
ANS: on to
37)
From Unit 13-section B, The language of Business: accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 140 Financial terms
I haven't got enough money for lunch. Could you ________(a mprumuta) me some?
ANS: lend
38)
BUSINESS COMMUNICATION-Chasing late payments-Unit 11-p. 118 Complete the following business letter choosing the appropriate word or phrase from the list below. MODIFY its grammatical form where necessary. (remittance, to undertake, cash, full, settle, outstanding, overpaid, to charge )-(Nu folositi semne de punctuatie sau de ordonare.
Lasati un singur spatiu intre cuvinte !!!)
Dear Mr. James Re: Invoice 32448 I am writing to you once again regarding the above invoice, dated 11 January , for the exhibition equipment we supplied to you. This invoice is still ___________(1). According to our records, we have not yet received your _______(2) or a reply to our previous requests for payment, dated 18 February and 15 March. Under the terms of our contract you _________(3) to settle within thirty days of receipt of our invoice. Unless I receive full payment within the next seven days, you will leave me no alternative but to put this matter into the hands of my solicitor. Yours sincerely, Marin Ionescu Head of Financial Dept. ANS: outstanding remittance undertook
39)
VAT
(Lasati un singur spatiu intre cuvinte !!!)
ANS: value added tax
40)
Complete the following sentences with the appropriate word in the pair, according to the context. a. economic b. economical 1. After the fall of Communism, Eastern Europe countries have been faced with numerous...................problems. 2. His main strength consists in his........................style of writing. 3. Western countries have a sound ...................policy (Scrieti fie numai literele SAU cuvintele potrivite lasind un singur spatiu intre ele FARA VIRGULA !!.) ANS: aba economic economical economic
41)
From Unit 9-Grammar section: The Language of Business: accounting banking finance, Niculescu (coord.) Ed. Fundatiei Romania de Maine, 2006 p. 96-97 SPEAKING & Grammar- If clause
Completati traducerea de mai jos: Daca nu as fi fost disponibilizat acum nu triam din ajutorul de somaj. If I ___ ___ laid off I wouldnt have lived on ____ benefit now Lasati un singur spatiu intre cuvinte !!
ANS:
42)
Grammar Put the following sentences into the passive voice making all necessary changes.
They will have to adopt a different attitude. A different attitude will have to ________by them
43)
From Unit 15, The Language of Business-accounting-banking-finance, Niculescu (coord.), Ed. Fundatiei Romania de Maine, 2006, p. 157-157 Basic finance / accounting terminology Write the missing word in the gap (use plural form)
People who buy shares in a company are called ________ (1 singur cuvint la plural !)
ANS: shareholders stockholders
44)
Grammar Complete the sentences with the correct prepositions The increase ____ salaries is around 4%. Inflation now stands______6%. (Lasati un singur spatiu intre cele 2 prepozitii ! ) ANS: in at
45)
Fill in the blanks with the words or phrases from the list below. There are more words than blanks. Change the grammatical form of the words where necessary.
(overheads; suppliers; shareholders; profits; to hire; to promote; assets; balance) Our company has over 1000 employees on its payroll. Were expanding and personnel is presently ................new staff. The companys...........including rent, electricity and heating, have doubled this year.
46)
From Unit 11- The Language of Business - accounting-banking-finance, Niculescu (coord.), Ed. Fundatiei Romania de Maine, 2006, p. 111
situatie financiar-contabila
47)
From Unit 5-The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Spiru Haret, p.49 The language of telephoning Complete the following telephone dialogue: Operator: Hello, Supermovers, How can I help you? Peter: This is Peter Androne. Can I have _________ 334 please ? ( un singur cuvint !!) ANS: extension
48)
(scrieti un singur cuvant ! ) If you dont have enough money in your account to pay your bills, youll have to ask for a /an ......
ANS: overdraft loan
49)
Complete the sentence below by inserting the right word derived from the verb in brackets.
50)
Complete the sentence below by inserting the right word derived from the verb in brackets. The building society has approved their mortgage loan ... . (to apply)
51)
Complete the sentence below by inserting the right form of the verb in brackets.
(scrieti un singur cuvant) He left university after ... a good job in a good company. (to get)
ANS: getting
52)
Complete the sentence below by inserting the right form of the verb in brackets. (scrieti un
singur cuvant) ... ......systems are very important for the book keeping. (to file)
ANS: filing
53)
An organized and regulated financial market where securities (bonds, shares etc.) are bought and sold at prices governed by the forces of demand and supply is called: _____ _______( use singular form) (scrieti 2 cuvinte cu un singur spatiu intre ele!!).
ANS: stock exchange stock market
54)
Complete the following sentence with the correct missing word(s). One source of job information is a newspaper ............ ( un singur cuvint)
ANS: ad advertisement
55)
Complete the following sentence with the correct missing word(s). A/ An ..... advertisement does not show the company s name.
56)
Complete the following sentence with the correct missing word(s). The companys human ......... department selects the applications that it considers the most suitable.
57)
Complete the following sentence with the correct missing word(s), connected with a job search process. The department in charge with the selection of the applications will prepare a final ____ list of candidates to be interviewed. (un singur cuvint)
ANS: short
58)
Complete the following sentence with the correct missing word(s). The candidates may have the chance to meet the employer face-to-face if they are invited to attend a/an ......... (un singur cuvint !)
ANS: interview
59)
Complete the following sentence with the correct missing word(s). If you believe in your ability to become the successful job ......... chosen by that company, prove it in an interview. (un singur cuvint)
ANS: applicant candidate seeker
60)
Complete the following sentence with the correct missing word(s). Sending a ..... of application means your intention in getting a job or a position in a company. (un singur cuvint)
ANS: letter
61)
Complete the following sentence with the correct missing word(s). People interested in a job or a position can ........ for it by sending first a Curriculum Vitae.
62)
From Unit 3-The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Spiru Haret, p.37: Socializing in business: Complete the following dialogue:
a) Mr Smith is thanking an airline clerk for flight information for his summer holiday. Mr Smith : Thank you for the information. Airline Clerk: Youre..................
63)
From Unit 2-The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Spiru Haret, p.16: Jobs:
Employment in which the employee works the full number of hours defined as such by his/her employer is called____________EMPLOYMENT.
64)
From Unit 2-The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Spiru Haret, p.16: JOBS:
A job advertisement in which the name of the company isn't specified is called a ______ advertisement. (un singur cuvnt)
ANS: blind
65)
From Unit 14 The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.144- Stock market terminology In the following business newspaper title :
2 billion shares traded in the OTC market, compared with 40 , abbreviation OTC stands for : over the __________ market.
(un singur cuvnt) ANS: counter
the acronym /
66)
From Unit 13 The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.141- Business terminology: In the following sentence : The great majority of companies all around the world are
SMEs the acronym / abbreviation SMEs stands for : small and medium sized ______________.
(un singur cuvnt la plural !) ANS: enterprises
67)
From Unit 11The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.111-115
The balance in which for every debit there is a corresponding credit, is the basis of the accounting procedure known as ________________BOOKKEEPING
ANS: DOUBLE ENTRY double-entry double entry
68)
From Unit 14 The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.143-144: Financial Markets terminology:
The acronym / abbreviation NYSE stands for : The New York ______________ (scrieti 2 cuvinte cu un singur spatiu intre ele!!).
ANS: Stock Exchange stock-exchange
69)
From Unit 14 The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.145: Financial Markets terminology:
A document issued by a government or a company borrowing money from the public, stating the existence of a debt and the amount owing to the holder of the document is called a ______
(un singur cuvnt la singular) ANS: bond
70)
From Unit 8 The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.82: Business terminology: In the following sentence These are some of the things that the MD said at a meeting you attended recently The acronym / abbreviation MD stands for :
71)
From Unit 11-The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.111-115
Obligations (amounts owed) are reported on the balance sheet and are referred to as ______________
72)
From Unit 11-The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.111-115
73) The listing of all of the accounts available for use in a company's
accounting system is known as the CHART OF ___________
ANS: ACCOUNTS
75)
From Unit 11 The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.111-115-basic accounting terms:
In accounting, the acronym / abbreviation P&L stands for : _______ and _______account. (scrieti 2 cuvinte cu un singur spatiu intre ele!!).
ANS: profit loss
76)
From Unit 8- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Funaiei Romania de Maine-2006, p. 84: Grammar: Indirect speech
Sentence transformation:
Report these questions using the words in brackets: Where is the money ? (asked)
77)
From Unit 12- section B: The Language of Business: accounting-banking-finance, Niculescu (coord),
Ed. Fundatiei Romania de Maine, 2006, p.128: Grammar
Match the following statement of a potential customer to the most appropriate financial service needed. The first one has been done for you (select one):
I want to send $1500 to my son in Tokyo as quickly as possible............Swift transfer BANK TERMINOLOGY
1 2 3 4 5
insurance policy mortgage loan business loan checking (current) account treasury bonds
1) 2) 3) 4) 5) 1) 2) 3) 4) 5)
I want to invest in safe securities" I want to guard my house against damage Id like to open an account that enables me to make withdrawals or payments against
deposited funds
Id like to buy a new house Id like to buy equipment for the new premises ANS: 5 ANS: 1 ANS: 4 ANS: 2 ANS: 3
From Unit 10 and 13 -"The Language of Business-accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 100; 138 -BANK TERMINOLOGY
Match the verbs and nouns to form common banking collocations (word partnerships)
1 2 3 bills a deposit a Pin number 4 5 cash an account
6) 7) 8) 9) 10) 6) 7) 8) 9) 10)
withraw open key in pay make ANS: 4 ANS: 5 ANS: 3 ANS: 1 ANS: 2
From Unit 11 The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei
Romania de Maine, 2006, p. 115 Balance Sheet Entries
Here are a number of essential business entries used on a balance sheet. Use the words listed below to decide which type of entry fits the definition. 1 equity 4 depreciation 2 overheads 5 fixed assets 3 liabilities
11) 12) 13) 14) 15) 11) 12) 13) 14) 15)
Non-changing costs such as rent, lighting, heating, etc. A gradual loss in value (of equipment or other assets ) over time. The asset value that actually belongs to the owner or the monetary value of a business beyond any amounts owed on it in mortgages, claims, etc. Costs and money owed. Property, equipment currently owned and not intended for sale. ANS: 2 ANS: 4 ANS: 1 ANS: 3 ANS: 5
Match the first part of the sentences with the right endings.
1 2 3 it makes borrowing easier people tend not to save it looses market share 4 5 6 governments expect something in return you dont pay income tax people are more productive
16) 17) 18) 19) 20) 21) 16) 17) 18) 19) 20) 21)
If they work in pleasant surroundings If they give aid If you have an offshore bank account If inflation is high If a company doesnt advertise If the government lowers interest rates
ANS: 6 ANS: 4 ANS: 5 ANS: 2 ANS: 3 ANS: 1
From Unit 2 -Jobs- The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 21; 103
Match the form of revenue with the right recipient 1 2 3 redundant (unemployed) workers shareholders sales representative 4 5 financial adviser blue-collar worker
22) 23) 24) 25) 26) 22) 23) 24) 25) 26)
commission wages fees dole dividend ANS: 3 ANS: 5 ANS: 4 ANS: 1 ANS: 2
From Unit 8 - The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 85-86
BUSINESS WRITING Match the opening and closing greetings. 1 2 Yours sincerely / Kind Regards Take care / Best wishes / All the best 3 Yours faithfully
Dear Sirs / Dear Sir or Madam /Ladies and Gentlemen Hi Susan / Dear Robert and Mary Dear Mrs. Jones / Dear Mr. Smith ANS: 3 ANS: 2 ANS: 1
From Unit 11 The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006
Essential Business Entries Here is a list of 5 cost items. Categorize them according to the headings given below. 1 leasing of computers 4 mortgage payments 2 books, newspapers 5 salaries 3 heating, water, gas and electricity bills
30) 31) 32) 33) 34) 30) 31) 32) 33) 34)
employee costs property overheads equipment miscellaneous costs ANS: 5 ANS: 4 ANS: 3 ANS: 1 ANS: 2 Basic accounting/bank terminology Complete the gap in the following sentence with a suitable verb. 1 lend 4 save 2 borrow 5 earn 3 owe
35) 36)
The bank manager refused to ..............us the mony we needed. She said that our accounting system was too disorganised. I have really done well since I moved to Bucharest. I ............more than 2000 Ron per month and I have a company car.
Weve decided to move to a new office to................money. The place we rent at the moment is too expensive. I still .......the bank $3800. I dont know when Ill be able to pay it back. Im going to _________some money from my friends so I can buy a brand new Toyota. ANS: 1 ANS: 5 ANS: 4 ANS: 3 ANS: 2
Match the English words on the left to their opposites on the right.
1 2 3 LOSS WEAKEN RISE 4 5 DOUBLE EXPENSE
40) 41) 42) 43) 44) 40) 41) 42) 43) 44)
FALL PROFIT HALVE STRENGTHEN REVENUE ANS: 3 ANS: 1 ANS: 4 ANS: 2 ANS: 5
Match the English words on the left to their Romanian equivalents on the right.
1 2 3
4 5
Match the English words on the left to their Romanian equivalents on the right.
1 2 3
4 5
50) 51) 52) 53) 54) 50) 51) 52) 53) 54)
submit a balance sheet overheads depreciation social security charges cash flow statements ANS: 3 ANS: 5 ANS: 4 ANS: 2 ANS: 1
Match the English words on the left to their Romanian equivalents on the right.
1 2 3 productivitate preluare obligatiune negarantata 4 5 6 venituri castiguri din operatiuni de capital cotatie
debenture quotation takeover capital gains earnings yield ANS: 3 ANS: 6 ANS: 2
61) 62) 63) 64) 65) 61) 62) 63) 64) 65)
We examine and (usually) approve a companys financial records. I specialise in advising on management reporting systems. We are always ready to discuss lending possibilities with our clients. I draw up and check financial statements, calculate tax, and the unit cost of products. We built bridges ANS: 4 ANS: 5 ANS: 1 ANS: 2 ANS: 3
Match the job with the job description: 1 2 3 Bank teller Receptionist Bookkeeper 4 5 General practitioner Sales representative
66) 67) 68) 69) 70) 66) 67) 68) 69) 70)
I visit all my clients four or five times a year to tell them about our latest products. I have about 500 patients on my list. I welcome and deal with people arriving in the office building. I obtain and record financial records. I receive and pay money in a bank. ANS: 5 ANS: 4 ANS: 2 ANS: 3 ANS: 1
1 2 3
4 5
fees royalty
71) 72) 73) 74) 75) 71) 72) 73) 74) 75)
financial adviser white-collar worker sales representative blue-collar worker author ANS: 4 ANS: 3 ANS: 1 ANS: 2 ANS: 5 Match the following basic accounting terms with their definition: 1
detailed listing of all accounts of an organization. a record of the money that a business receives or pays out.
recording the past growth or decline of the business, analyzing these results and suggesting the ways in which the business may grow in the future.
a register where purchases are recorded.
money owed to minority shareholders 3 in the companys subsidiaries and associated companies. 4 receipts from sales or payments of interest and dividends.
INCOME INTEREST RATE MINORITY INTERESTS RETAINED PROFITS ANS: 2 ANS: 3 ANS: 1 ANS: 4 Match the following basic accounting concepts with their definition: 1 2
3 4
is the test that determines whether the total of debits equals the total of credits. shows what the business owns and what it owes to its creditors and to its owners on the last day of the accounting period. summarizes the profitability of the company by balancing revenue against expenses It is a historic view of the flows of cash into and out of the business. ANS: 3 ANS: 1 ANS: 2 ANS: 4
Weve just won that large contract with ICI. Our sales manager is in hospital. Bad news! They say they might have to make me redundant. Im sorry Im late. ANS: 3 ANS: 1 ANS: 4 ANS: 2
all information is filed in ABC order. all information is filed by date. all information is filed by number. ANS: 2 ANS: 3 ANS: 1
From Unit 8, The Language of Business: Accounting-Banking-Finance, Niculescu (coord.)p. 77-79
95) 96) 97) 98) 99) 95) 96) 97) 98) 99)
Reduction of (middle management) levels: the process of simplifying the structure of an organization to make it more efficient.
Getting external companies to do work for your company.
Match up the accounting words and phrases with the correct definitions. 1 creative accounting / window dressing 4 managerial accounting 2 financial accounting 5 auditing 3 book-keeping
100)
an official examination of a companys financial records in order to check that they are correct. prepairing budgets and other financial reports for decision-makers. the process of using unusual but not illegal ways to change business accounts to make them look better than they really are.
summarizes financial data to prepare financial statements such as balance sheet or income statement.
ANS: 3 ANS: 5 ANS: 4 ANS: 1 ANS: 2 From Unit 9 The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 90-92 Business collocations Match the following words to form common business collocations: 1 orders 4 evaluation 2 share 5 dressing 3 point
105) 106) 107) 108) 109) 105) 106) 107) 108) 109)
performance breakeven a backlog of market window ANS: 4 ANS: 3 ANS: 1 ANS: 2 ANS: 5 From Unit 8 - section B: The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 86- Business writing Match the type of statement with the corresponding lines (components of the body of a job application letter) 1 introductory paragraph 3 closing paragraph 2 main paragraph
110) 111)
I would be pleased to discuss my CV with you in more detail at an interview I am writing to apply for the position of ............that was advertised in .........
1 2 3
4 5
113) 114) 115) 116) 117) 113) 114) 115) 116) 117)
profit and loss account stock current account debtors creditors ANS: 2 ANS: 1 ANS: 4 ANS: 3 ANS: 5
From Unit 10 and 13 -"The Language of Business-accounting-banking-finance, Niculescu (coord), Ed. , , Fundatiei Romania de Maine, 2006, p. 100; 127, 138, 201 -BANK TERMINOLOGY
Match the definitions on the left with the terms on the right: Money and banking 1 2 3 interest mortgage loan 4 5 savings remittance
money you do not spend but keep in the bank for later a percentage you pay when you borrow money a special arrangement to borrow money to buy a home money you borrow and pay it back later money sent through a bank ANS: 4
Match the words or phrases on the left with those of opposite meaning on the right:
1 2 3 drawer saving withdrawals 4 5 6 bank charges credit expenses
123) 124) 125) 126) 127) 128) 123) 124) 125) 126) 127) 128)
free banking deposits debit payee spending income ANS: 4 ANS: 3 ANS: 5 ANS: 1 ANS: 2 ANS: 6
From Unit 10 and 13 -"The Language of Business-accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 100; 123; 138 -BANK TERMINOLOGY
1 2 3
4 5
The money that a person borrows from a bank or other financial institutions The money that a person places in a bank account for the bank to use to invest and that also earns interest The state of being unable to pay your debts / loans A non-profit financial institution that is owned and operated entirely by its members.
2 3
a conditional conveyance of property 5 as security for the repayment of a loan a charge for borrowing money
someone who receives something on the promise to return it or its equivalent someone who lends money or gives credit in business matters
134) 135) 136) 137) 138) 134) 135) 136) 137) 138)
borrower lender mortgage opening interest ANS: 4 ANS: 5 ANS: 2 ANS: 1 ANS: 3
4 5
the charge or cost involved in or required for something payment made periodically by a company to its shareholders, usually expressed as an amount per share