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