TEST

1. Our business needed money so we________ from the bank.

a. lent

b. borrowed

c. borrow

d. owed

2. We've repaid almost 50% of the loan. However, we still_____________ over

$50,000.
a. lent

b. can afford

c. borrow

d. owe

3. Last Christmas, my friend__________ me $500 because I didn't have any

money to buy presents.
a. lent

b. borrowed

c. afforded

d. owed

4. They've lowered the price of the product because the average

customer___________ it.
a. can afford

b. doesnt afford

c. affords

d. didnt afford

5. You shouldn't _______ money if you know you can't pay it back.
a. lent

b. borrowed

c. borrow

d. owed

6. We_______ the client a month ago but he still hasn't paid us.
a. lent

b. borrowed

c. invoiced

d. owed

7. The company owes over $10,000 ____________ .

a. on the bank

b. at the bank

c. to the bank

d. for the bank

8. How much did we invoice them ________ ?

a. for

b. at

c. in

d. about

9. Can you______ me some money until I get paid next week?

a. lend

b. borrowed

c. borrow

d. owed

c. for him

d. he

10. How much do you owe ________ ?

a. him

b. to him

11. Excuse me. Could I _____________your pen for a moment?

12. How much did the bank ____________ you?
13. We can't ____________to eat in restaurants four times a week. It's too
expensive.
14. They want to ___________ us for repairing the computer. Last week they said
they would do it for free.
15. How can you ______________to waste so much time watching TV?
16. I'll paid some of the loan back but I still _______________ the bank quite a lot of
money.
17. If you _____________ the money from a bank you will have to pay 7% interest.
18. The customer hasn't paid yet. Are you sure that we ____________him last
month?
19. Can you ask her to call me? She still ___________ me $2000.
20. It isn't necessary to buy the equipment. We ____________ some from our
colleague last week.
21. The systematic and comprehensive recording of financial transactions
pertaining to a business is called _____________
a. accounting

b. management

c. marketing

d. sale

22. The management process through which goods and services move from
concept to the customer is called _________________
a. accounting

b. management

c. marketing

d. sale

23. The systematic recording of financial aspects of business transactions in

appropriate books of account is called __________________
a. accounting

b. bookkeeping

c. counting

d. bookcounting

24. The economic forces fundamental to the price mechanism in a free market
system. They determine the price of a good or service offered, and are in turn
determined by the price obtainable.
a. retail and
wholesale

b. demand and
supply

c. price and sale

d. give and take

25. The organization and coordination of the activities of a business in order to

achieve defined objectives.
a. leadership

b. director

c. executive

d. management