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Business English Finance ch. 1-10
Which of the two companies has NOT undergone flotation?
A credit is
Business English Finance ch. 1-10
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Answers
1
A
credit
is
an addition
a deduction
2
Which of the two companies has NOT undergone flotation?
Private limited company
Public limited company
3
Shareholders are fully liable for debts their companies produce
yes
no
4
Corporations, PLC's
and
blue chips
mean roughly the same
yes
no
5
Money paid to professional people such as lawyers is
salary
commission
wages
fee
6
Angels are kinds of
banks
investors
economies
countries
7
Amortization is for tangible assets
False
True
8
Request for the payment of money owed for services such as electricity, gas and tel connections
living expenses
bills
9
Liable for
means
indifferent to
blame for
independent of
responsible for
10
We want more quizzes, and we want them to be more difficult!
no
yes
11
Extra money given for reaching a target
overtime
fee
bonus
commission
12
Sole trader is fully liable for the debts of his business
true
false
13
Which spelling is correct?
busines
bussiness
bussines
business
14
Raw materials are examples of
output
inputs
15
Money paid by the government to unemployed and sick people
pension
social security
rent
16
Income that is spent on luxuries is called
bonus
pension
disposable income
discretionary income
17
High unemployment rate is an example of
both
none of the answers is correct
economic problem
economical problem
18
Flotation can also be dubbed
POI
ROI
IPO
ROE
19
Day-to-day recording of transactions is
accounting
bookkeeping
financial accounting
management accounting
20
Income is by definition higher than revenue
false
true
21
Part of the profits that a company pays to its shareholders is
gross income
net income
retained earnings
dividend
22
Money is a current and intangible asset
On yeah!
Nope
23
Taxes in Poland are paid on
revenue
outcome
income
turnover
24
Shareholders provide
working capital
share capital
venture capital
25
Independent auditors prepare
external audit
internal audit
26
A partner is fully liable for all debts the business has
True
False
27
Working capital can also be called
share capital
equity
venture capital
funds
28
Customers who owe money for goods or services purchased are
creditors
debtors
29
The money provided by shareholders is called
share capital
equity
working capital
shares
30
Suppliers to whom the company owes money for purchases are
debtors
creditors
31
Money paid by the day or the hour
salaries
wages
pension
rent
32
Which of the terms below DOES NOT describe a long term liability?
bonds
cash loan
mortgage
33
Efficiency means the same as effectiveness
yes
no
34
Money spent on everyday needs such as food, clothes and public transport is
bills
living expenses
35
The way the company is run by the management for the shareholders is called
executive governance
corporate governance
corporate social responsibility (CSR)
36
A
ledger
is a
debtor
lawyer
book of accounts
creditor
37
I love Mr. Olczyk
yes
yes
yes
yes
38
Turnover
means the same as
income
revenue
39
Mobbing is prohibited in our company
. This rule is an example of
polity
policy
politics
politician
40
When things
wear out
they
lose value
gain in value
41
Repayments of money borrowed to buy a house
rent
a mortgage
42
Money paid to salespeople - a certain percentage of the income employee generates
social security
overtime
commission
bonus
43
The synonym of
to produce
is to
put in for
put off
put out
put up
44
Rent, mortgage and tax are examples of
income
net income
gross income
outgoings
45
Turnover less costs of sales is
gross profit
net profit
46
Companies on the London Stock Exchange are known as
quoted companies
listed companies
47
Internal audit is carried out by the company's employees
True
False
48
Depreciation is used for
current and tangible assets
current and intangible assets
fixed and intangible assets
fixed and tangible assets
49
Companies' debts can also be called
liabilities
assets
50
Blue banana can be found in
Europe
North America
Asia
Australia
51
244 is
two hundred and forty-four
two hundred and fourty-four
two hundreds and forty-four
two hundred forty-four
52
If you have overdrawn your account, then you are
in the red
in the black
in the blue
in the green
53
A place where production takes place is called
HQ
shop floor
subsidiary
branch
54
Where are assets, liabilities and capital shown?
profit and loss account
balance sheet
55
A
company
is a business that
is NOT a legal entity
is a legal entity
56
Private limited company can look for capital in open markets
Yes
No
57
To appreciate
means
to lose value
to gain in value
58
Which verb is NOT a synonym of
to set up a company
?
to find
to establish
to found
to start
59
Blue-collars occupy more important positions in companies than white-collars
false
true
60
Money is an asset
true
false
61
Full disclosure
means
absolute secrecy
complexity
randomization
transparency
62
PLC
means
public limited company
private limited company
63
BRIC is an acronym for
Brazil, Russia, India, China
Belgium, Russia, Iraq, Chile
Bahamas, Romania, Indonesia, China
Bolivia, Romania, Iran, Chile
64
Another word for
legal responsibility
is
accountability
accounting
accountancy
accounts
65
Goods stored ready for sale are called
retained earnings
funds
stock
credit
66
Obsolete
means
valuable
invaluable
valueless
priceless
67
Which of the businesses listed below is NOT a limited company?
ltd
partnership
plc
68
Revenues and expenses are shown in
profit and loss account
balance sheet
69
The subject you study at universities is called
economics
economy
70
An enterprise operated by a single person is
IPO
company
PLC
sole trader