Test 3 Business English IV

Date: June 2022 Name:………………………..………..

Content: Ethics NRC:………………….

I. Match each case with the vocabulary on your right. 9p

1. The crisis started in April 2010 when the Deepwater …….fraudulent accounting
Horizon oil rig exploded in the Gulf of Mexico, causing oil
to gush into the sea. Unfortunately, initial efforts to stem
the flow failed and it took months for BP to find a solution
that worked.
2. The world’s biggest online retailer is generating huge ….… misselling
revenues in the UK but paying very little corporation tax. It
does this by funnelling money through its holding
company in the notorious tax haven of Luxembourg.
3.The company faced a scandal in 2001 after working to …..….tax avoidance
make their losses seem less than they actually were, and
“cooked the books” to make their income look much
higher than it was.
4. You sell a house and don’t disclose known defects to ……harassment
the buyers.
5. Someone in power uses his position to ask for sexual …...greenwashing
favors to a subordinate.
6. Large companies engage in price-fixing to force smaller …… environmental pollution
competitors out of business
7. An elected official uses his position of power to coerce …… collusion
lobbyists into buying expensive gifts for him and for his
spouse
8. A politician accepts excess campaign contributions ……sweetener
which come from a company that is using its
undesignated funds.
9. The company was promoting the nutritional quality of ….…slush fund
the brand and apple juice sales quadrupled. The company
signed a contract with a new apple concentrate supplier
called Universal Juice Co., which sold its product at up to
25 percent below the market. Initial tests of the
concentrate by the company research scientists raised the
possibility that it might be adulterated with corn syrup,
but company executives, including head of
operations turned a blind eye.
II. Choose the correct word/s for each sentence: 12p

Glass ceiling Praise Influence Industrial Smuggling Ombudsman

peddling espionage
Ponzi Swindler Whistleblowing Procedure Chinese walls Public tenders
scheme manuals
1. The movie was about a fake writer who became popular and accepted …………………….. and awards for
books that had been written by his wife.
2. Read this quote and decide what it may refer to:
“Remember that you will only be protected by law if the wrongdoing you report is in the public interest.
Whether it is in the public interest will depend on:

 the number of people affected

 the nature and impact of the wrongdoing
 who the wrongdoer is.”
This refers to ………………….………………….….
3. …………………..……..… hurts businesses, organizations, and all of society by limiting diversity. It
creates a lack of representation for women or minorities in leadership roles or decision making
and executive positions. This is why currently companies have ……………………………… to stop these
practices.
4. Most civil servants have to apply for ………………….…………….. when they want to work for the state.
5. Rafael Garay was a Chilean …………………….…..that defrauded his friends and middle income people
through the use of a/an ……………………………………..
6. A person of integrity should be appointed for any position of …………………………….as he/she is the person
who defends citizens, communities, children, consumers, etc
7. ………..……………….. prevent the exchange of information between departments of the same company if
this information can end up in illegal activities; they also prevent ……………..………………, which can end in
the use of this information for benefiting relatives or connections.
8. An investigation which involves ……………………………… could result in an embargo of Samsung´s
smartphone imports from South Korea. The company could have stolen trade secrets related to the
digital imaging technology used in cameras on smartphones.
9. People ………………….………. takes place in Río Bravo / Río Grande as there are migrants interested in
crossing the border to the USA.

III. Answer the questions briefly. USE BUSINESS VOCABULARY.

1. Who are the Maras and La Migra? Explain each group, where you find them and their behaviour. 2p
Maras:

La Migra:
2. Fill in these balloons with stakeholders linked to Fundamenta construction company. 3p

STAKEHOLDERS

3. Mention a typical case of nepotism that would be criticized by Chilean citizens. 1p

4. Explain how Odebretch raised money for a slush fund and what company was also involved.
What was this money used for? (Refer to two) 3p

5. Which is role of a Compliance department ? What 3 kinds of industries have this department? 2p
IV Match the sentences according to their content.
.
1.Cybercriminals use phishing URLs
(links) to
2.The basic reason for having a police
force in any nation is to
3. An auditor will check
4. Shell companies may be used to
5. Luxury items tend to
6.A conman always tries to
7.A company may claim extra
expenses to
8. The leniency policy is based on the
assumption that the ones involved in
certain secret agreements want to
…… how securely the accounting information system
is set up and ask how important accounting duties
are supervised and segregated.
…… protect the law- abiding citizen from the law
breaker.
…… deceit people who invest in his business.
…… provide information and avoid sanctions.
…… be the most counterfeited products because they
are more valuable
….. to launder money in off-shore centers.
…… try to obtain sensitive information for malicious
use, such as usernames, passwords, or banking
details.
…… reduce the amount of tax payment.