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GRILE A/F MFC-CIG: Comunicare de afaceri in limba engleza 2-2008/2009

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

Financial accounting reports may provide performance as well as past performance.


ANS: F

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

Memos never use indented paragraphs.

ANS: T

7)

From Unit 9- -The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p.88-92

Financial accounting is less constrained than the management accounting.


ANS: F

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

Memos omit both the salutation and the complimentary close.


ANS: T

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

Stretching accounts payable is a cost-free method of financing a business.


ANS: T

13)

From Unit 58- - Engleza de afaceri, Fulvia Turcu, Vol. 1, 1991, Ed. Uranus, p. 511-513

A sole trader is a natural person.


ANS: T

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

The Board of Directors is appointed by the Managing Director (MD).


ANS: F

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

In a memo there is no salutation and complimentary close.


ANS: T

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

The term "memorandum" can be used instead of "memo".


ANS: T

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

In a cash flow statement expenses are entered as paid.


ANS: T

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

The Romanian equivalent for " Accounts receivable" is "conturi debitoare".


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)

In an alphabetical filing system, all information is filed in ABC order.


ANS: T

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)

Chronological filing means to file documents by date


ANS: T

A deposit account is a bank account in which you usually leave money for a long time and which pays you interest
ANS: T

28) 29) 30)

Rent is what you pay to shareholders.


ANS: F

Creditors are people who owe you money.


ANS: F
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

Inventory is a synonym for stock.

ANS: T

31) 32) 33) 34) 35)

The opposite of a loss is a profit.


ANS: T

The average is the total amount of something.


ANS: F

An auditor is a person who keeps accounts.


ANS: F

Fixed assets is a synonym for tangible assets.


ANS: F

Pre/tax profits are the same as net profits.


ANS: F

36) Most often, when companies decide to place orders, they prefer to use
special order forms.
ANS: T

37) A reply to an order is meant to acknowledge the receipt of the purchase


order, express thanks and assure the buyer the goods will be supplied in due time and proper conditions.
ANS: T

38) Letters of complaint must to be accurate, clear and concise.


ANS: T

39) A Letter of order is a companys reply to a claim and complaint letter.


ANS: F

40) A supplier must not reply to a customers letter of order.


ANS: F

41)

The companies are not at all organised along product lines.

ANS: F

42)

(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)

(din manualul Spiru Haret 2006, Unit2, Jobs, p18)

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)

(din manualul Spiru Haret 2006, Unit2, Jobs, p16)

Before you apply for a job with a particular company, you have to find out all you can about the company.
ANS: T

47)

(din manualul Spiru Haret 2006, Unit2, Jobs, p19)

You need to ask your interviewer about the responsibilities of the position you apply for.
ANS: T

48) 49)

Silicon Valley is full of software companies. ANS: T Some companies are divided into different business units, often also called profit centres. ANS: T

GRILE MFC-CIG-MULTIPLE CHOICE Comunicare de afaceri in limba engleza 2-2008/2009


MULTIPLE CHOICE

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

When purchasing corporate bonds, investors....


A receive commodities B ANS: C C are making a loan to the company D borrow money from the company

receive stock paying a fixed dividend

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

C Ordinary Shareholders have priority over


Preference shareholders on liquidation Ordinary shareholders unlike Preference shareholders receive a fixed rate of dividend

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

Which are the three different markets


A raw material exchange, job exchange,

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

international travel agent export-import firm airline

D international stock market broker ANS: B

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

____________accounts are accounts for your sources of business-generated income.


A B C D Liability Revenue Balance Assets

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 Shares B Stocks C Vouchers

D Blue chips E 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

Which of the following best describes an asset of a business :


A B

A piece of equipment or a building owned by a business

Anything that is owed by a business

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

We use "Yours sincerely" at the end of a letter if we...


A don't know the exact name of the B know the exact name of the person we

person we are writing to


ANS: B

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

retained earnings pre-tax profit

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 A new issue of debentures B A new issue of preference shares

C Taking out a mortgage on firms depot D 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

Choose the right word to fill in the gaps:

Investors are influenced by the projected _________ on their capital.


A rate B return C market ANS: B D expenses E investment

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)

From Unit 13-The Language of Business : Accounting-Banking-Finance, Niculescu (coord.),


Ed.Fundatiei Romania de Maine-2006, p.136

Reading and understanding international trade issues

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

Economists often refer to agricultural or mineral products as:


A commodities B durables C blue chips ANS: A D currencies E securities

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
A be equal to B be less than ANS: A

total uses of funds.

C be greater than D have no consistent relationship to

19)

From Unit 15- The Language of Business : Accounting-Banking-Finance, Ed.Funaiei Romania de Maine2006, p.159-164

Financial management terms

Which of the following would be treated as a short-term fund by a company?


A B C D Ordinary shares Debenture stock Tax provisions Preference shares

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

Select the BASIC accounting equation


A B

Assets plus liabilities equal Equity Liabilities plus Equity equal Assets

Liabilities less 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

General Business English : WORD PARTNERSHIPS/COLLOCATIONS:

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 C BUSINESS D A DECISION ANS: C

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

Accounts ___________show how much money your customers owe you.


A B C D

Incoming Receivable Obtainable Collectable

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

A balance sheet reports the status of an entity (Select one answer).


A At a point in time

B Over a period of time C All of the above D None of the above ANS: A

26)

General Business English terms

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

Business English writing-accounting terminology

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

Alegeti traducerea corecta:

Ar fi putut afla cifra de afaceri daca ar fi cautat in foaia de calcul


A He could have found out the turnover if he had looked at the spreadsheet B He could find out the turnover if he looked at the spreadsheet C He could have found out the turnover looking at the spreadsheet

D He could have found out the turnover if he has looked at the spreadsheet. ANS: A

30)

Business English writing-

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)

Reading comprehension & Grammar

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

Choose the best verb to complete the sentence.

The bank is ____________ a minimum rate of 9% for the loan.


A charging B providing ANS: A C giving D requesting

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:

The boss insisted that Mr.Petcu ___________at the meeting


A be not B is not ANS: C C not be D doesnt be

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

We use "Yours faithfully" at the end of a letter if we...


A don't know the exact name of the B know the exact name of the person we

person we are writing to


ANS: A

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 ANS: E D cash discounts E dividends

40)

From Unit 11: The Language of Business : Accounting-Banking-Finance, Niculescu (coord), 2006, Ed. Fundatie Romania de Maine, p.111

SPEAKING & WRITING Mentally rephrase the following sentence according to the directions given. Then choose the lettered word or phrase that is included in your revised sentence. Take care to keep the meaning of the revised sentence as close as possible to the meaning of the original sentence

It is impossible to calculate the losses which have been incurred to date. Substitute debt for losses.
A debt, which have B which, has to ANS: C C debt which has D debt. Which

41)

Grammar: Sequence of tenses Complete the second sentence so it has a similar meaning to the first sentence.

There was a slight fall in profits in March In March 2005 profits_________________


A Fall slight B Fall slightly C fell slight ANS: D D fell slightly E have fallen slightly

42)

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

43)

From Unit 13, The language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 132-136

International trade

An increase in imports of consumer goods is most likely to have been caused by


A rise in customs duties B rise in household saving ANS: D C fall in the exchange rate of the Romanian currency D rise in the exchange rate of the Romanian currency

44)

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

45)

From Unit 10, The language of Business: accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 100-104-Bank terminology

The dollar, the euro and the yen are all


A currencies B wages ANS: A C funds D monies

46)

Reading comprehension-Logical thinking

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

47)

What can you bring forward?


A a loss B a profit ANS: C C an appointment

48)

What can you call off?


A a customer B a meeting C a contract

ANS: B

49)

What can you put through?


A a phone B a computer ANS: C C a caller

50)

What can you lay off?


A workers B a bad debt ANS: A C machinary

51)

What can you write off?


A workers B a bad debt ANS: B C executives

52)

A is a period when prices cannot be increased.


A price freeze B hold-up ANS: A C price-fixing

53)

Orders are written down on a / an ...


A authorized dealer B order form ANS: B C reply to an order D assessment

54)

We have just received a for a quotation.


A requirement B demand ANS: C C request

55)

After an initial deposit, you pay


A remittances B installments ANS: B C shipments

56)

A payment which is overdue is one which is


A early C late

B on time ANS: C

57)

......... are paid to shareholders.


A wages B taxes ANS: C C dividends D fees

58)

Companies shares to raise capital.


A buy B issue ANS: B C underwrite

59)

An amount charged for money borrowed is called ...


A interest B credit ANS: A C loan D fee

60)

Equipment generally loses value. This is called ...


A amortization B depreciation ANS: B C bond D working capital

61)

Patents, ideas, trade marks, licenses are referred to as:


A intangible assets B durable goods ANS: A C tangible assets D fast moving consumer goods (FMCG)

62)

Costs and money owed are referred to as ...


A liabilities B assets ANS: A C shares D revenues

63)

Property and equipment currently owned and not intended for sale are known as...
A current assets B fixed assets ANS: B C wasting assets

64)

Money paid into a bank is referred to as ...


A withdrawal B loan C deposit

ANS: C

65)

The removal of money from an account is known as ...


A withdrawal B change ANS: A C pay D deposit

66)

(din manualul Spiru Haret 2006, Unit2, Jobs,p22, ex.5, pct.1)

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

67)

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

68)

(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

69)

(din manualul Spiru Haret 2006, Unit2, Jobs,p21, ex.4, pct.g)

Employers are interested in practical...................... such as word processing and fluency in foreign languages.
A Knowledges B needs ANS: C C skills D informations

70)

(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

diversify the product offer in the immediate future

C The manager stated that he never had not wanted to diversify the product offer in

the immediate future

B The manager stated that he will not want

to diversify the product offer in the immediate future


ANS: D

D The manager stated that he didnt want to

diversify the product offer in the immediate future

71)

(din manualul Spiru Haret 2006, Unit2, Jobs,p20, ex.1, pct.a)

Choose the best alternative for the following situation:


Her main ....................appeared to be sitting in cafes and watching people go by. A occupation B profession ANS: A C career D affair

72)

(din manualul Spiru Haret 2006, Unit 8, -Grammar section ,p 81-82, )

Change the following sentence from Direct into Indirect Speech.


We will be sending our team on a market search in the Middle East , decided the Research & Development Department. A TheResearch & Development Department C TheResearch & Development Department decided that they will send their team on a decided that they would be sending their market search in the Middle East team on a market search in the Middle East B TheResearch & Development Department D TheResearch & Development Department decided that they have been sending their decided that they had been sending their team on a market search in the Middle team on a market search in the Middle East East ANS: C

73)

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

74)

Choose the correct letter ending:


A We are looking forward to receive C We are looking to receive further

further orders from you.


B We are looking forward to receiving

orders from you.


D We are looking forward receiving

further orders from you.


ANS: B

further orders from you.

75)

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.

76)

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

77)

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?

78)

In the application letter you should clearly specify ________ .


A the position you are interested in B the salary you would like to have ANS: A C your marital status D your hobbies

79)

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

military or medical supplies from one place to another


B a quantity of goods to be sent together

under the terms of a single bill of lading


ANS: B

80)

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 C broke even D bottomed out

ANS: D

81)

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

82)

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

83)

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

84)

Choose the correct words to complete a paragraph of a business letter:

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 ANS: D C doubts, hesitate, correspond D questions, hesitate, contact

85)

Choose the things that are traded in financial centres: A securities B commodities C shares ANS: E D currencies E all of the above

86)

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

87)

Choose the most appropriate variant:

Unless the company had advertised, it______________market share.


A would lose B lost ANS: C C would have lost

88)

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

89)

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.

90)

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

91)

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.
B they wouldn't be so behind

technologically.

technologically.
ANS: B

92)

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

93) Grammar: Choose the most appropriate variant:


What ___________unless we __________to the stipulations of the contract?
A will happen/dont agree B happened/ don't agree ANS: C C happens/agree

94)

Grammar: Choose the most appropriate variant: If public transport ______ free, less people ____________their cars.
A would be/will use B will be/use ANS: C C were/ would use

95)

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

96)

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

97)

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

98)

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.

currencies because of the low interest.

B People prefer to take loans in foreign

currencies provided that the interest is low.


ANS: B

99)

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 C Our bank would grant you a mortgage loan if you would be 25 and would have a loan if you were 25 and had a minimun minimum income of 300 dollars. 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

100)

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

101)

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

be printed on the packaging.


B accurate product information were

printed on the packaging.

printed on the packaging.


ANS: B

102)

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.

103)

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?

104)

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

105)

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

106)

Complete the sentence with an appropriate preposition:

Depending .... its size, there are several organisational structures a company can choose from.
A along B on ANS: B C by D with

107)

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

108)

Complete the sentence with the suitable word:

The Far East suffered from ....................difficulties in late 90s.


A economy B economically ANS: D C economics D economic

109)

Reading comprehension-Logical thinking-Accounting problem solving

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

110)

The opposite of accounts receivable is....


A Notes payable B Current liabilities ANS: C C Accounts payable D Retained profits

GRILE TIP-COMPLETION Comunicare de afaceri in limba engleza 2- mfc-CIG-2008/2009


COMPLETION

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

Grammar Put the verb in brackets into the appropriate form:

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

In a free market economy the price is determined by__________ and __________ .

( 2 cuvinte cu un singur spatiu intre ele FARA VIRGULA !!)


ANS: supply demand demand supply

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

The excess of expenses over revenues for a period is called a ________________

(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
ANS: liabilities

12)

From Unit 8- The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine2006, p.84 GRAMMAR: REPORTED SPEECH

Turn the question below into reported speech.


How much is the interest for a savings account? asked the customer.

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

The fundamental accounting equation is :


(Completati formula -lasati un singur spatiu intre cuvinte !!!.) Assets =__________ +____________ ANS: liabilities equity liabilities owners equity liabilities owner's equity liabilities net worth liabilities shareholder's equity liabilities stockholder's equity liabilities owner's equity/net worth liabilities owner's equity / net worth liabilities owner's equity/ net worth equity liabilities owner's equity liabilities owners' equity liabilities

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.

Lasati un singur spatiu intre cuvinte !!!!


ANS: income statement profit and loss account

P&L account profit and loss statement

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.

(insert one word)


ANS: income corporation

17)

From Unit 11- The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.111-112

Give the accounting name for the following:

Things of value owned by an entity. (un singur cuvint la plural)


ANS: 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.

Last year, my parents-in-law said that we___________take out a mortgage.

(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,

T.S Schneider Manager ANS: opened opening

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)

Although I cannot see you, I can hear you good.


ANS: well

No error

25)

Traducei in limba englez urmtoarele doua servicii oferite de bncile comerciale

(NU FOLOSITI SEMNE DE PUNCTUATIE SAU ORDONARE (DECI FARA A, B, C, .; LASATI UN SINGUR SPATIU INTRE CUVINTE )
facilitatea de retragere numerar n cont descoperit (descoperit de cont) credit ipotecar

ANS: overdraft facility mortgage bank loan overdraft facility mortgage loan overdraft facility mortgage overdraft mortgage loan overdraft mortgage

26)

Traduceti in limba engleza urmtoarele documente bancare / financiar contabile

(Nu folositi semne de punctuatie. Unde este cazul lasati un singur spatiu intre cuvinte !!!)

extras de cont

ANS: bank statement bank statement of account statement of account statement

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.

ANS: bad unemployment

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 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 sent for the doctor (already) The doctor ___ ___ ___ sent for.
ANS: has already been

30)

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

31)

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

32)

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

33)

Business writing - Apology for damaged shipment 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

34)

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, have)

(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

35)

Enter the correct words to build expressions related to accounting.

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

36)

From Unit 11- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Funaiei Romania de Maine-2006, p. 111-112-Accounting terminology

Enter the correct words to build expressions related to accounting.

(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

37)

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

38)

From Unit 13-section B, The language of Business: accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 140 Financial terms

Insert the correct word to finish the phrase or question

I haven't got enough money for lunch. Could you ________(a mprumuta) me some?
ANS: lend

39)

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

outstanding remittance have undertaken

40)

BASIC ACCOUNTING TERMINOLOGY

Spell out the following abbreviation. (Use English words !!)

VAT
ANS: value added tax

41)

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

42)

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:

hadnt been unemployment had not been unemployment

43)

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

Lasati un singur spatiu intre cuvinte !!!


ANS: be adopted

44)

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

45)

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

46)

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.

Lasati un singur spatiu intre cele 2 cuvinte !!!


ANS: hiring overheads

47)

From Unit 11- The Language of Business - accounting-banking-finance, Niculescu (coord.), Ed. Fundatiei Romania de Maine, 2006, p. 111

Traducei in limba engleza urmtoarele documente financiar-contabile

situatie financiar-contabila

(Scrieti la singular 2 cuvinte !!!)


ANS: financial statement operating statement statement of financial condition statement of financial position

48)

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

49)

Complete the sentence below with an appropriate word

(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

50)

Complete the sentence below by inserting the right word derived from the verb in brackets.

(scrieti un singur cuvant)


The pens received before were satisfactory and we had no ... from customers. (to complain) ANS: complaints complaint

51)

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)

(scrieti un singur cuvant !)


ANS: application

52)

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

53)

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

54)

Complete the sentence below with an appropriate word:

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

55)

(din manualul Spiru Haret 2006, Unit2, Jobs,p16)

Complete the following sentence with the correct missing word(s). One source of job information is a newspaper ............ ( un singur cuvint)
ANS: ad advertisement

56)

(din manualul Spiru Haret 2006, Unit2, Jobs,p16)

Complete the following sentence with the correct missing word(s). A/ An ..... advertisement does not show the company s name.

( Un singur cuvint !!)


ANS: blind

57)

Complete the following sentence with the correct missing word(s). The companys human ......... department selects the applications that it considers the most suitable.

(scrieti un singur cuvint)


ANS: resources resource

58)

(din manualul Spiru Haret 2006, Unit2, Jobs,p17)

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

59)

(din manualul Spiru Haret 2006, Unit2, Jobs,p17)

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

60)

(din manualul Spiru Haret 2006, Unit2, Jobs,p19)

Complete the following sentence with the correct missing word(s). If you believe in your ability to become the succesful job ......... chosen by that company, prove it in an interview. (un singur cuvint)
ANS: applicant candidate seeker

61)

(din manualul Spiru Haret 2006, Unit2, Jobs,p17)

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

62)

(din manualul Spiru Haret 2006, Unit2, Jobs,p17)

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.

(un singur cuvint)


ANS: apply try

GRILE-TIP MATCHING Comunicare de afaceri in limba engleza 2-MFC-CIG-AN.UNIV.2008/2009


MATCHING
From Unit 10 and 14 -"The Language of Business-accounting-banking-finance, 2006. Ed. Fundatiei Romania de Maine, p. 100 and 145 as well as from Unit..."Engleza de Afaceri" Fulvia Turcu, 1991, Ed. Uranus, p.

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

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 as well as from Unit..."Engleza de Afaceri" Fulvia Turcu, 1991, Ed. Uranus, p. BANK TERMINOLOGY

Match the verbs and nouns to form common banking collocations (word partnerships)
1 2 3 withdraw open key in 4 5 pay make

6) 7) 8) 9) 10) 6) 7) 8) 9) 10)

bills a deposit a PIN number cash an account 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

Reading comprehension: Basic Business Issues 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

Match the form of revenue with the right recipient 1 2 3 laid off employee shareholders sales representative 4 5 financial adviser blue-collar worker

22) 23) 24) 25) 26) 22) 23) 24) 25) 26)

commission wages fees redundancy pay 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

27) 28) 29) 27) 28) 29)

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)

employee costs property

32) 33) 34) 30) 31) 32) 33) 34)

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) 37) 38) 39) 35) 36) 37) 38) 39)

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 LOSS WEAKEN 3 4 RISE DOUBLE

40) 41) 42) 43) 40)

FALL PROFIT HALVE STRENGTHEN ANS: 3

41) 42) 43)

ANS: 1 ANS: 4 ANS: 2

Match the English words on the left to their Romanian equivalents on the right.
1 2 3 a se ameliora tendinta usor 4 5 constant radical

44) 45) 46) 47) 48) 44) 45) 46) 47) 48)

steady improve slightly drastically trend ANS: 4 ANS: 1 ANS: 3 ANS: 5 ANS: 2

Match the English words on the left to their Romanian equivalents on the right.
1 2 3

produse finite bilant


lucrare in curs

4 5

pasive cheltuieli de exploatare

49) 50) 51) 52) 53) 49) 50) 51) 52) 53)

balance sheet liabilities operating expenses finished goods work-in-progress ANS: 2 ANS: 4 ANS: 5 ANS: 1 ANS: 3

Match the English words on the left to their Romanian equivalents on the right.

1 2 3

flux de numerar taxe/contributii sociale a prezenta (spre evaluare) un bilant

4 5

devalorizare, amortizare cheltuieli administrative

54) 55) 56) 57) 58) 54) 55) 56) 57) 58)

submit a balance sheet overheads depreciation social security charges cash flow 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

59) 60) 61) 62) 63) 64) 59) 60) 61) 62) 63) 64)

debenture quotation takeover capital gains earnings yield ANS: 3 ANS: 6 ANS: 2 ANS: 5 ANS: 4 ANS: 1

Match the job with the job description:


1 2 3 bank manager accountant civil engineer 4 5 auditor management consultant

65) 66) 67) 68) 69) 65) 66) 67) 68) 69)

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

70) 71) 72) 73) 74) 70) 71) 72) 73) 74)

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

Match the revenue with the right recipient 1 2 3 commission wage(s) salary 4 5 fees royalty

75) 76) 77) 78) 79)

financial adviser white-collar worker sales representative blue-collar worker author

75) 76) 77) 78) 79)

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.

80) 81) 82) 83) 80) 81) 82) 83)

account accounting ledger purchase book ANS: 2 ANS: 3 ANS: 1 ANS: 4

Match the following basic accounting concepts with their definition:


1

money owed to minority shareholders 3 in the companys subsidiaries and associated companies. 4 receipts from sales or payments of interest and dividends.

the percentage a bank pays to depositors for the amount in deposit.


money that is not paid out to shareholders as dividend, but reinvested in the company.

84) 85) 86) 87) 84) 85) 86)

INCOME INTEREST RATE MINORITY INTERESTS RETAINED PROFITS ANS: 2 ANS: 3 ANS: 1

87)

ANS: 4 Match the following basic accounting concepts with their definition: 1 2

balance sheet profit and loss account

3 4

trial balance cash flow statement

88) 89) 90) 91) 88) 89) 90) 91)

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

Match each comment with a suitable reply:


1 2 Oh dear! Nothing serious I hope. Thats all right. We havent started yet. 3 4 Congratulations! Im sorry. Bad luck!

92) 93) 94) 95) 92) 93) 94) 95)

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

Match the filing system with its description:


1 2 In a consecutive filing system, In an alphabetical filing system, 3 In a chronological filing system,

96) 97) 98) 96)

all information is filed in ABC order. all information is filed by date. all information is filed by number. ANS: 2

97) 98)

ANS: 3 ANS: 1 Match the word with its definition: 1 2 Shareholder Broker 3 Bond

99) 100) 101) 99) 100) 101)

An agent who is employed by his/her principal to buy/sell his/her goods or services. A formal document acknowledging the existence of a debt. A holder of one or more shares in a company. ANS: 2 ANS: 3 ANS: 1
From Unit 8, The Language of Business: Accounting-Banking-Finance, Niculescu (coord.)p. 77-79

Match these terms with their definitions.


1 2 3 business entities outsourcing supplier 4 5 delayering customer-centric approach

102) 103) 104) 105) 106) 102) 103) 104) 105) 106)

Someone whose business is to provide a particular service or commodity.


companies.

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.

A business model organized around the needs of the customer.


ANS: 3 ANS: 1 ANS: 4 ANS: 2 ANS: 5

From Unit 9 The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei
Romania de Maine, 2006, p. 92 Basic terms used in accounting

Match up the accounting words and phrases with the correct definitions. 1 creative accounting / window dressing 4 managerial accounting 2 financial accounting 5 auditing

book-keeping

107) 108) 109) 110) 111) 107) 108) 109) 110) 111)

daily recording of financial information. 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. the design and maintenance of the accounting system. ANS: 3 ANS: 5 ANS: 4 ANS: 1 ANS: 2

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