limba engleza - grile 2009-2010

GRILE A/FMFC-: Comunicare de afaceri in limba engleza 2-2009/2010

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-CONTRACTSIn 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.157-160A 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. 148Cereals, 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 information concerning future performance as well as past performance.

ANS: F

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


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.111-114In 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.159-160Stretching 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 WritingIn 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.111-114Accounting terminologyIn 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 127Grammar 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.170Accounting terminologyThe Romanian equivalent for " Accounts receivable" is "conturi debitoare".

ANS: T


Financial accountants are not responsible for the forecasting of the company’s future.

ANS: T

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

ANS: T

23) 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 firm’s 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) Chronological filing means to file documents by date

ANS: T

27) 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) Rent is what you pay to shareholders.

ANS: F

29) Creditors are people who owe you money.

ANS: F

30) 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) The opposite of a loss is a profit.

ANS: T

32) The average is the total amount of something.

ANS: F

33) An auditor is a person who keeps accounts.

ANS: F

34) Fixed assets is a synonym for tangible assets.

ANS: F

35) 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 company’s reply to a claim and complaint letter.

ANS: F

40) A supplier must not reply to a customer’s 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 company’s 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 employer’s 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 canabout 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) From Unit 14 The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.148 and 210: A society is a non-profit association

ANS: T

49) Reading comprehension

Ron works for an organization where his span of control is fifty. This means that he has fifty employees who report directly to him.

ANS: T


Documenting, maintaining and providing financial information of an organization is the responsibility of the accounting department.

ANS: T


One of the main functions of an accountant is to make investment decisions for an organisation

ANS: F

52) The accounting and purchasing departments perform very different functions and therefore do not share any relationship.

ANS: F

53) Entries to expenses such as Rent Expense are usually credits

ANS: F

54) Break-even analysis is useful for companies that sell products, but it is not useful for companies that provide services.

ANS: F

55) An outstanding check refers to one written on an account with a very low balance

ANS: T

56) From Unit 14- The Language of Business: accounting-banking-finance, Niculescu (coord), 2006. Ed. Fundatiei Romania de Maine, p. 143

Bonds are generally viewed as safer investments than stocks.

ANS: T

57) From Unit 8-Section B: The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 85 and from “Engleza de afaceri” Fulvia Turcu, vol.2 , p.59-73 and 178-The parts of a business letter/memo

Business memos are usually internal; that is between employees within a business, company or organization.

ANS: T

58) From Unit 8-Section B: The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 85 and from “Engleza de afaceri” Fulvia Turcu, vol.2 , p.59-73 and 178-The parts of a business letter/memo

Business letters are usually shorter and more informal than memos.

ANS: F

59) Decide if the sentence is true (T) or false (F) :

A barter economy has no medium of exchange. Goods are traded directly or swapped for other goods.

ANS: T

60) From Unit 16 The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, .p.166, 181, 200, 207 .Decide if the sentence is true (T) or false (F) :

The rate of interest paid to the depositor is not in relation to the length of depositing period.

ANS: F

61) Banks issue traveller’s checks to customers travelling abroad, to be used to pay hotels and restaurant bills.

ANS: T


For customers that wish to save money (put money aside) banks provide savings accounts which pay interest on the funds deposited.

ANS: T


Credit cards are a system of payment involving non electronic transfers of payment.

ANS: F

64) Decide if the sentences are true (T) or false (F) :

When quantity supplied is greater than quantity demanded, prices tend to fall.

ANS: T

65) Supply is not the mirror image of demand.

ANS: F


A central bank is the Government’s banker: when short of money, the government may borrow from the Bank.

ANS: T


In a market, the larger the difference between quantity supplied and quantity demanded, the less the pressure on prices to rise (if there is excess demand) or fall (if there is excess supply).

ANS: T

GRILE MFC-CIG-MULTIPLE CHOICEComunicare de afaceri in limba engleza 2-2009/2010

MULTIPLE CHOICE

1) From Unit 14- The Language of Business : Accounting-Banking-Finance, Niculescu (coord), Ed. Fundatiei Romania de Maine-2006, p.145Basic Stock Market terms

When purchasing corporate bonds, investors....

A receive commodities C are making a loan to the companyB

receive stock paying a fixed dividendD borrow money from the company

ANS: C

2) From Unit 15- The Language of Business: accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 159Financial management terms

When comparing preference shares with ordinary shares, we can usually say that:

A Preference shareholders have greater voting powers at Annual General Meetings

C Ordinary Shareholders have priority over Preference shareholders on liquidation

B Preference shareholders have priority over Ordinary shareholders for annual dividend payments

D 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. 147-148Basic Finance TerminologyWhich are the three different markets

A raw material exchange, job exchange, car exchange

C stock exchange, precious metal exchange, foreign currency exchange

B stock exchange, commodity exchange, foreign currency exchange

D stock exchange, raw material exchange, job exchange

ANS: B

4) From Unit 15- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.159-164Financial management termsWhich one of the following would be classed as a source of long-term funds for a company?

A An issue of ordinary sharesB Trade creditorsC Bank overdraftD FactoringE Hire Purchase

ANS: A

5) From Unit 13-section B- The Language of Business : Accounting-Banking-Finance, Ed. Fundatiei Romania de Maine-2006, p.141Basic Business terminologyChoose the most suitable business idiom. After only three months the company was able to ...... ............ and started to make a profit.

A BREAK UP D BREAK OUTB BREAK DOWN E BREAK OFFC BREAK EVEN

ANS: C

6) From Unit 13-The Language of Business : Accounting-Banking-Finance, Niculescu (coord), 2006, Ed. Fundatiei Romania de Maine, p.132Business English basics

A business that arranges the movement of products or commodities between two countries is an:

Ainternational travel agent

Bexport-import firm

Cairline

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.111-112Essential business entries used in financial statements____________accounts are accounts for your sources of business-generated income.

A LiabilityB RevenueC BalanceD Assets

ANS: B

8) From Unit 14- The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.145Stock market terms

When public spending exceeds receipt from income taxes, VAT and so on, the government issues:

A SharesB StocksC VouchersD Blue chipsE 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


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

A A piece of equipment or a building owned by a business

C Anything that is owed by a business

B Materials that have been purchased by a business

D Anything that is owned by 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 person we are writing to

B know the exact name of the person we are writing to

ANS: B

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 retained earnings C assets

B pre-tax profit D net loss

ANS: D

12) From Unit 15- The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.159-164Financial management termsWhich of the following could be used as a short term means to improve cash flow in a business?

A A new issue of debenturesB A new issue of preference sharesC Taking out a mortgage on firm’s depotD Debt factoring

ANS: D

13) From Unit 14 The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.143Basic Finance & Stock market terminologyChoose the right word to fill in the gaps:Investors are influenced by the projected _________ on their capital.A rate D expensesB return E investmentC market

ANS: B

14) From The Language of Business : Accounting-Banking-Finance, Niculescu (coord), 2006, Ed. Fundatiei Romania de Maine, p.166Basic finance terminologyIn the following sentence : “He defaulted on his auto loan payments” the verb “ to default on” means:

A to fail to pay money C to meet one’s payment obligationsB to overpay D to pay in advance

ANS: A

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 AssetsB DebtorsC LiabilitiesD Overheads

ANS: C

16) From Unit 13-The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.136Reading and understanding international trade issuesIf 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 C encourage foreign tourism in RomaniaB make exports cheaper

ANS: A

17) From Unit 14- The Language of Business : Accounting-Banking-Finance, Niculescu (coord), Ed.Fundatiei Romania de Maine-2006, p.145-148Basic Stock Market termsEconomists often refer to agricultural or mineral products as:

A commodities D currenciesB durables E securitiesC blue chips

ANS: A

18) From Unit 11: The Language of Business : Accounting-Banking-Finance, Niculescu (coord), 2006, Ed. Fundatiei Romania de Maine, p.112Basic accounting terminologyFor a profitable firm, total sources of funds will always total uses of funds.

A be equal to C be greater thanB be less than D have no consistent relationship to

ANS: A

19) From Unit 15- The Language of Business : Accounting-Banking-Finance, Ed.Funaţiei Romania de Maine-2006, p.159-164Financial management termsWhich of the following would be treated as a short-term fund by a company?

A Ordinary sharesB Debenture stockC Tax provisionsD Preference shares

ANS: C

20) From - The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.183Accounting terminologyYou record how much each of your employees should be paid in the ......... account.

A Employee payB Employer payC Revenue D PayrollE 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 Assets plus liabilities equal Equity C Liabilities less Equity equal Assets

B Liabilities plus Equity equal Assets

ANS: B

22) From - The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.37; 98, 144, 163General 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.

MAKEA MONEYB A LOSS

C BUSINESSD A DECISION

ANS: C

23) From Unit 11: The Language of Business : accounting-banking-finance, Niculescu (coord), 2006, Ed. Fundatiei Romania de Maine, p.115Essential business entries used on a balance sheetAccounts ___________show how much money your customers owe you.

A IncomingB ReceivableC ObtainableD Collectable

ANS: B

24) READING COMPREHENSIONTeacher 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 A reduction in both administrative and teaching salariesB A teaching staff dependent on fewer educational materialsC A teaching staff of fewer than fifty teachersD A teaching staff of only fifteen teachersE 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.111A balance sheet reports the status of an entity… (Select one answer).

A At a point in timeB Over a period of timeC All of the aboveD 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.

MEETA A DEADLINEB AN APPOINTMENTC CUSTOMERS’EXPECTATION

D A TARGET

ANS: B

27) From - The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.176Basic accounting terminologoy Petty cash is

A small denomination coinsB money held in a business to cover small expensesC pocket money given to childrenD a tip

ANS: B

28) From Unit 11: The Language of Business : accounting-banking-finance, Niculescu (coord), 2006, Ed. Fundatiei Romania de Maine, p.117Business English writing-accounting terminologyReminders must be sent out to all customers whose accounts are more than a month ________

A IndebtedB OverdueC UnbalancedD Unpaid

ANS: B

29) From Unit 9-section B- The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.96-98Grammar: IF CLAUSEAlegeti 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 spreadsheetB He could find out the turnover if he looked at the spreadsheetC He could have found out the turnover looking at the spreadsheetD 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 More easyB More difficultC More easierD EasierE Difficult

ANS: D



_____________ pay is what an employee earns before deductions.A NetB FullC GrossD Complete

ANS: C

33) Business English writingThe debt should be paid______within thirty days of receiving this statement.A all over D for fool B in fool E for fullC in full

ANS: C

34) From Unit 13- Section B-The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.141BASIC BUSINESS IDIOMSChoose 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 C write downB write up D write off

ANS: D

35) From Unit 13- Section B-The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.139BASIC BANKING WORD PARTNERSHIPS / COLLOCATIONSChoose the best verb to complete the sentence.

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

A charging C givingB providing D requesting

ANS: A

36) From Unit 11- Section B-The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.119GrammarSelect the verb or verb string that best completes the following sentence:The boss insisted that Mr.Petcu ___________at the meetingA be not C not beB is not D doesn’t be

ANS: C

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 C exchangeB buy D cash

ANS: D

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 person we are writing to

B know the exact name of the person we are writing to

ANS: A

39) From Unit 11: The Language of Business : Accounting-Banking-Finance, Niculescu (coord), 2006, Ed. Fundatie Romania de Maine, p.112-113Accounting terminology

What is the correct accounting name given to distributions of cash or other assets from an incorporated business to its shareholders ?

A bonuses D cash discountsB revenue E dividendsC business perks

ANS: E

40) Grammar: Sequence of tensesComplete the second sentence so it has a similar meaning to the first sentence.

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

A Fall slight D fell slightlyB Fall slightly E have fallen slightlyC fell slight

ANS: D

41) Choose the pair that best expresses a relationship similar to the one expressed by the following capitalized pair.

TRESURER : FINANCES

A Secretary : minutes D President : chairmanB Senator: representative E Vice-president : congressC Agenda : meeting

ANS: A

42) From Unit 13, The language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 132-136International trade An increase in imports of consumer goods is most likely to have been caused by

A rise in customs duties C fall in the exchange rate of the Romanian currency

B rise in household saving D rise in the exchange rate of the Romanian currency

ANS: D

43) From Unit 10 and 13, The Language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine,p.100 and p.140Basic Bank terminologyTo 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 D borrowB trust E chargeC steal

ANS: A

44) From Unit 10, The language of Business: accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 100-104-Bank terminologyThe dollar, the euro and the yen are allA currencies C fundsB wages D monies

ANS: A

45) Reading comprehension-Logical thinkingAssume 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 Income would tend to gradually increase C Income would tend to fallB Income would remain relatively stable D There is insufficient evidence to predict

the probable effect

ANS: C

46) What can you call off?

A a customer C a contractB a meeting

ANS: B

47) What can you put through?

A a phone C a callerB a computer

ANS: C

48) What can you lay off?

A workers C machinaryB a bad debt

ANS: A

49) What can you write off?

A workers C executivesB a bad debt

ANS: B

50) A … is a period when prices cannot be increased.

A price freeze C price-fixingB hold-up

ANS: A

51) Orders are written down on a / an ...

A authorized dealer C reply to an order

B order form D assessment

ANS: B

52) We have just received a … for a quotation.A requirement C requestB demand

ANS: C

53) After an initial deposit, you pay …A remittances C shipmentsB installments

ANS: B

54) A payment which is overdue is one which is …

A early C lateB on time D cancelled

ANS: C

55) …......... are paid to shareholders.A wages C dividendsB taxes D fees

ANS: C

56) Companies … shares to raise capital.

A buy C underwriteB issue

ANS: B

57) An amount charged for money borrowed is called ...A interest C loanB credit D fee

ANS: A

58) Equipment generally loses value. This is called ...A amortization C bondB depreciation D working capital

ANS: B

59) Patents, ideas, trade marks, licenses are referred to as:A intangible assets C tangible assetsB durable goods D fast moving consumer goods (FMCG)

ANS: A

60) Costs and money owed are referred to as ...A liabilities C sharesB assets D revenues

ANS: A

61) Property and equipment currently owned and not intended for sale are known as...

A current assets C wasting assetsB fixed assets

ANS: B

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

A withdrawal C depositB loan

ANS: C

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

A withdrawal C payB change D deposit

ANS: A

64) (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 C bank tellerB personnel officer D clerk

ANS: D

65) Nowadays many designers or IT specialists are....................in other words they sell their work or services to different companies.

A general practitioners C unemployedB freelance D civil engineers

ANS: B

66) (din manualul Spiru Haret 2006, Unit2, Jobs,p21, ex.4, pct.d)Her academic....................are good but she doesn’t have any previous experience

A occupations C qualificationsB demands D experiences

ANS: C

67) (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 C skillsB needs D informations

ANS: C

68) (din manualul Spiru Haret 2006, Unit8, Company Organisational Structures,p82, ex.1, pct.d)Change the following sentence from Direct into Indirect Speech.“I don’t 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

D The manager stated that he didn’t want to diversify the product offer in the immediate future

ANS: D

69) (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 C careerB profession D affair

ANS: A

70) (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 decided that they will send their team on a market search in the Middle East

C TheResearch & Development Department decided that they would be sending their team on a market search in the Middle East

B TheResearch & Development Department decided that they have been sending their team on a market search in the Middle East

D TheResearch & Development Department decided that they had been sending their team on a market search in the Middle East

ANS: C

71) In the following group of sentences, the speaker is responding to a complaint. Which is the most polite of these responses?

A What’s the problem? C You could be using it incorrectly.B I’m very sorry to hear about your problem. D It’s not our fault if the equipment wasn’t

installed correctly.

ANS: B

72) Choose the correct letter ending:

A We are looking forward to receive further orders from you.

C We are looking to receive further orders from you.

B We are looking forward to receiving further orders from you.

D We are looking forward receiving further orders from you.

ANS: B

73) 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.

C I’m sorry, but I’m not satisfied with this product.

B Unfortunately, we had some problems with this product.

D The product doesn’t seem to work very well.

ANS: C

74) Choose the most appropriate variant:White collar workers work ....

A in offices C in the fieldB on building sites D on a farm

ANS: A

75) Choose the most appropriate variant:When you are introduced to somebody you should say ______ .

A How old are you? C What are you?B How do you do? D What do you do?

ANS: B

76) In the application letter you should clearly specify ________ .

A the position you are interested in C your marital statusB the salary you would like to have D your hobbies

ANS: A

77) 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

78) 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 C broke evenB closed out D bottomed out

ANS: D

79) Work is always so much better if you have a manager you ... on well with.

A get C carryB take D hold

ANS: A

80) The directors of the company approve the … at the end of the … year.

A accounts; accounting C accounting; accountingB accounting; accounts D accounts; accounts

ANS: A

81) 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-to-date price list is not yet available, but I shall send you one as soon as they are printed.

A relation, posting, am afraid C connection, including, deeply regretB reference, enclosing, am afraid D relation, enclosing, apologise

ANS: B

82) 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 C doubts, hesitate, correspondB enquiries, delay, contact D questions, hesitate, contact

ANS: D

83) Choose the things that are traded in financial centres:

A securities D currenciesB commodities E all of the aboveC shares

ANS: E

84) 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 C gain groundB buy out D take stock

ANS: D

85) Choose the most appropriate variant:Unless the company had advertised, it______________market share.

A would lose C would have lostB lost

ANS: C

86) Choose the most appropriate variant:People will be inclined not to place their savings on deposits, if the government _________________interest rates.

A will lower C will have loweredB lowers

ANS: B

87) 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. C they would have to lay off some workers.

B they had to lay off some workers.

ANS: A

88) 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

89) 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 technologically.

C they won't be so behind technologically.

B they wouldn't be so behind technologically.

ANS: B

90) 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 C will showB showed D are showing

ANS: B

91) Choose the most appropriate variant:If they __________the supplier, they ______ in the mess they are now in.

A didn’t change/won't be C changed/weren’tB hadn't changed/ wouldn't have been

ANS: B

92) Choose the most appropriate variant:They _________the goods immediately, if we___________our order by fax.

A will deliver/send C delivered/sentB will deliver/will send

ANS: A

93) Choose the most appropriate variant:________ at the last moment, the meeting _________________.

A Hadn’t he arrived /would have been called off

C If he didn’t arrive/had been called off

B Hasn’t he arrived /will have been called off

ANS: A

94) Choose the most accurate translation of the complex sentence below:Oamenii preferă să facă împrumuturi în valută străină cu condiţia ca dobânda să fie scăzută.

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

95) Choose the most accurate translation of the complex sentence below:Banca noastră v-ar acorda un împrumut ipotecar dacă aţi avea 25 de ani şi un venit minim de 300 de dolari.

A Our bank would grant you a mortgage loan if you would have 25 years and would have a minimum income of 300 dollars.

C Our bank would grant you a mortgage loan if you were 25 and had a minimun 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

96) 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

97) Choose the most appropriate variant to complete the complex sentence:Consumers would be much better off provided that ____________

A accurate product information would be printed on the packaging.

C accurate product information is printed on the packaging.

B accurate product information were printed on the packaging.

ANS: B

98) Choose the most appropriate variant to complete the complex sentence:They wouldn't have gone bankrupt if ____________

A they had conducted better market research.

C they will have conducted better market research.

B they conducted better market research.

ANS: A

99) One of these sentences which are often heard or used when telephoning represents a recorded message. Choose it.

A Sorry to keep you waiting. C Hold on a moment and I will put you through.

B We are unable to take your call at the present time. Please leave your name and number after the tone.

D Anything else?

ANS: B

100) Complete the phone dialogue: B: “ Extension 101, please.” A: “The line is now free. I’ll .... you ....”

A put ... through C give ...upB put ... down D put....on

ANS: A

101) 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 C hold backB take back D call back

ANS: D

102) Complete the sentence with an appropriate preposition: Depending .... its size, there are several organisational structures a company can choose from.

A along C byB on D with

ANS: B

103) Complete the sentence with the suitable word: After a long negotiation, we finally reached ................

A agree D agreesB agreement E agreeingC agrement

ANS: B

104) Complete the sentence with the suitable word: The Far East suffered from ....................difficulties in late 90s.

A economy C economicsB economically D economic

ANS: D

105) 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. C the entity has $2000 less equity B the change in the entity’s equity is zero. D the entity has $1000 less cash

ANS: C

106) The opposite of accounts receivable is....

A Notes payable C Accounts payableB Current liabilities D Retained profits

ANS: C

107) READING COMPREHENSION:Andreea has worked in the fashion industry as a stylist for ten years, choosing the clothing that models and movie stars wear for on-camera appearances. “I’m the one who decides how the actors look”, she says. “I love it. Every day is different.” Although Andreea routinely meets famous movie stars, there is a disadvantage to her job: she often works 18-hour days, and she has to accomodate everyone’s schedule. “It’s prety tiring, “ she admits. “But I wouldn’t change careers for anything.”WHAT DOES ANDREEA DO IN HER JOB ?A hires the models who appear in

advertisementsC organizes filming of television programs

B selects clothing for film stars and models D takes pictures for the fashion industry

ANS: B

108) READING COMPREHENSION:Andreea has worked in the fashion industry as a stylist for ten years, choosing the clothing that models and movie stars wear for on-camera appearances. “I’m the one who decides how the actors look”, she says. “I love it. Every day is different.” Although Andreea routinely meets famous movie stars, there is a disadvantage to her job: she often works 18-hour days, and she has to accomodate everyone’s schedule. “It’s prety tiring, “ she admits. “But I wouldn’t change careers for anything.”WHAT IS INDICATED ABOUT ANDREEA’s JOB ?A she has recently changed careers. C she often works very long days.B she gets tired of doing the same thing D she recently received a promotion.

ANS: C

109) GrammarSome of the sentences below have a grammatical mistake. Identify the corrrect sentence:A Could you give me an information,

please?C How many money did you spend?

B The news is not very good. D I haven’t got some paper

ANS: B

110) From Unit 13, The language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 132, International trade Developing and implementing a pricing strategy that is to be attached to a product / service is a function of which department?A human resources D financeB production E R&DC marketing

ANS: C

111) From Unit 15- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.157: Sources of fundsFinancial management terms

The amount of money an organisation needs to finance its day to day activities is called :A working capital C running capitalB daily capital D bridge financing

ANS: A

112) From Unit 3- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, unit 3, p.33 A balance of payments deficit exists when:A the value of a country’s imports equals the

value of its exportsC the value of a country’s imports is less

than the value of its exportsB the value of a country’s imports is greater

than the value of its exports

ANS: B

113) From the following textbooks: The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, unit 8, p.76 and Engleza de afaceri în economia de piaţă, Fulvia Turcu, (1991), Bucureşti: Editura Uranus, Vol. 2 - Unit 1 (types of organizational structure) p.15-19.

The practice of separation between ownership and control exists mainly for which type of organizations?A large publicly limited companies C professional partnership firmsB small owner operated businesses (sole

traders)D non government organizations

ANS: A


The management accounting function of an organization will involve :A exercising budgetary control C conductiong an internal auditB preparing financial statements D treasury and risk management

ANS: A

115) From Unit 2 and 8 - The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.16-22 and 76-80

The functions of recruitment and selection are typically performed by which department of an organization

A administration C human resourcesB marketing D production

ANS: C

116) From Unit 11 - The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.111-114

The financial statement that shows the revenues earned and corrresponding expenses incurred for a particular period is called a(an):A balance sheet C statement of cash flowsB income statement D statement of retained earnings

ANS: B

117) From Unit 8 - The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p 76-78

Delayering typically results in an organization having a _______ structure.A taller C flatterB wider D narrow

ANS: C


When an organization reduces its number of managerial layers it is said to be:A downsizing C rightsizingB delayering D rightlayering

ANS: B

119) From Unit 9 and 11 - The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei Romania de Maine-2006, p.88-91and 111-114

Supreme Pls. has made payments of salaries to its office staff, consulting fees to its lawyer and taxes to the government. Recording and classifying these expenses under different categories is the responsibility of it’s : A management accountant C financial accountantB internal auditor D cost accountant

ANS: C


The financial statement that reports the assets, liabilities, and stockholders' (owner's) equity at a specific date is the :

A profit and loss account C cash flow statementB statement of retained earnings D balance sheet

ANS: D


P&L is often used when referring to the:A statement of financial position C income statementB cash flow statement D balance sheet

ANS: C

122) Writing business letters:In a business letter, the type of pacing used between the complimentary close and the keyed signature is usually:

A single C tripleB double D quadruple

ANS: D

123) From Unit 8- section B: The Language of Business: accounting-banking-finance, Niculescu (coord), Ed.

Fundatiei Romania de Maine, 2006, p. 85-86: Writing business letters:

The signature on a business letter is handwritten directly ....

A above the writer's typed name C above the enclosure(s)B under the writer’s typed name D above the reference notation

ANS: A

124) From Unit 8- section B: The Language of Business: accounting-banking-finance, Niculescu (coord), Ed.

Fundatiei Romania de Maine, 2006, p. 85-86: Writing business letters:

The first part of a personal business letter is the ___.

A salutation C dateB return address D reference

ANS: B

125) The four main functions or responsibilities of MANAGERS are:A planning, organising, leading and

controllingC planning, performing, controlling and

managing

B directing, managing, monitoring and performing

ANS: A

126) Grammar:

I made him ...............my car.A repaired C to repairB repair D have repaired

ANS: B

127) Which of the following is not a source of revenue for a government?

A income taxes D gasoline taxesB tarriffs E sales taxesC cartels

ANS: C

128) Select the word which is not a synonym of revenueA earnings C incomeB assets

ANS: B

129) From Unit 13, The language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 132, 83; 173

Why would the government impose a tariff?

A to generate additional money C to encourage importationB to reduce government revenue D to discourage importation of certain

goods.

ANS: D

130) State the most appropriate translation for the following sentences:-Să vină toţi contabilii aici! -Să vină şi secretarele?

A All the accountants come here! Come the secretaries too?

C Let all the accountants come here! Shall the secretaries come too?

B Come here all the accountants! Secretaries come too?

ANS: C

131) Grammar: Which of the following assertions is grammatically correct?

A It is necessary that the turnover is increased continuously.

C It is necessary that the turnover be increased continuously.

B It is necessary that the turnover will be increased continuously.

ANS: C

132) Grammar:Which of the following assertions is grammatically correct?

A It is essential that the customers to have got the best services.

C It is essential that the customers are getting the best services.

B It is essential that the customers get the best services.

ANS: B

133) Grammar: State the most appropriate translation for the following sentence:She hoped the bank would have granted the loan by the end of the period of grace.

A A sperat că banca va vrea să acorde împrumutul până la sfârşitul perioadei de graţie

C A sperat că banca îi va acorda împrumutul până la sfârşitul perioadei de graţie.

B A sperat că banca îi va fi acordat împrumutul până la sfârşitul perioadei de graţie.

ANS: B

134) Grammar: State the most appropriate translation for the following sentence:

They should pay out the bill.

A Ar trebui să achite nota de plată. C Vor trebui să achite nota de plată.B Ei trebuie să achite nota de plată.

ANS: A

135) Grammar: State the most appropriate translation for the following sentence:Să luăm un împrumut să plătim ratele lunare!

A Take we a loan to pay the monthly installments!

C We should take a loan to pay the monthly installments!

B Let us take a loan to pay the monthly installments!

ANS: B

136) GRAMMAR: Which of the following assertions is grammatically correct?

A It is required that the sales manager use the most various methods of sales promotion.

C It is required that the sales manager to be used the most various methods of sales promotion.

B It is required that the sales manager uses the most various methods of sales promotion.

ANS: A

137) GRAMAMR:Which of the following assertions is grammatically correct?

A It is desirable that promotion of sales is intensified.

C It is desirable that promotion of sales be intensified.

B It is desirable that promotion of sales have been intensified.

ANS: C

138) Grammar:

Which of the following assertions is semantically correct?

A The cashier passes responsibility for the company’s money.

C The cashier hardly bears responsibility for the company’s money.

B The cashier bears responsibility for the company’s money

ANS: B

139) Which of the following assertions is semantically correct?

A An auditor’s report certifies that the balance sheet and profit and loss account is tantamount to the books of account.

C An auditor’s report certifies that the balance sheet and profit and loss account agree with the books of account.

B An auditor’s report certifies that the balance sheet and profit and loss account coincide with the books of account.

ANS: C

140) Choose the most appropriate word to complete the sentence:

Owning a car and a flat is a great nowadays.

A price C costB charge D expense

ANS: D

141) Choose the most appropriate word to complete the sentence:Their company provides a range of services free of .

A price C chargeB cost D expense

ANS: C

142) Grammar:

If public transport _________ free, lee people ___________their cars.A would be/will use C were /would useB will be/use D will be / will use

ANS: C

GRILE TIP-COMPLETIONComunicare de afaceri in limba engleza 2- mfc-CIG-2009/2010

COMPLETION

1) From Unit 13, The language of Business: accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 132-134Import-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 dutiescustoms dutytarifftariffscustoms tariffscustoms tariff

2) From Unit 15 and 16, The Language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine,p.166Basic 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:bankruptinsolvent

3) From Unit 10 -Grammar section, The Language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine,p.100 - 105Grammar-Passive voicePut 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. 119-121GrammarPut the verb in brackets into the appropriate form:The manager demands that the main entrance __________(to be) locked at night.


ANS:should bebe

5) From Unit 14 The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.145Basic financial terminologyIn a free market economy the price is determined by__________ and __________ .

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

ANS:supply demanddemand supply

6) From Unit 11 -Grammar section, The Language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine,p.120-122Grammar : Insert the right form of the verb in brackets:The board of directors recommended that she ____________(to join) the company.


ANS:should joinjoin

7) From Unit 11- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed. Fundatiei Romania de Maine-2006, p.112Basic 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 creditcredit 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 don’t. When the advertisement does not show the firm’s name it is called_______ advertisement.

(un singur cuvint)

ANS: blind

9) From Unit 11- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Funaţiei 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:lossnet lossloss or net lossdeficitdebt

10) From Unit 9- Section B: "The Language of Business : Accounting-Banking-Finance", Niculescu (coord.), Ed.Funatiei Romania de Maine-2006, p.97GRAMMAR: CONDITIONALPut 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, I’m 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.Funaţiei Romania de Maine-2006, p.111Key accounting/financial termsA key term used in financial statements/reports that indicates what the business owes e.g. bank overdraft, creditors, loans, staff leave not yet taken: _________

(un singur cuvânt la plural)

ANS: liabilities

12) From Unit 8- The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.84GRAMMAR: REPORTED SPEECHTurn 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


The fundamental accounting equation is : (Completati formula -lasati un singur spatiu intre cuvinte !!!.)

Assets =__________ +____________

ANS:liabilities equityliabilities owners equityliabilities owner's equityliabilities net worthliabilities shareholder's equityliabilities stockholder's equityliabilities owner's equity/net worthliabilities owner's equity / net worthliabilities owner's equity/ net worth

equity liabilitiesowner's equity liabilitiesowners' 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 statementprofit and loss accountP&L accountprofit and loss statement

15) From Unit 9-Section B - The Language of Business : Accounting-Banking-Finance, Ed.Fundatiei Romania de Maine-2006, p.96Grammar: If clausePut 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.112Basic 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.96Grammar- If clausePut 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 employhad 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. MorrisonWe 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 SchneiderManager

ANS: opened opening

22) From Unit 13, The Language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine,p.133Basic import-export terminologyState 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 creditL/CDocumentary creditL / C

23) From Unit 13, The Language of Business, accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine,p.134Basic Import-export terminologyOne of the most important shipping documents which is also a document of title is the_____ ___ ______


ANS: bill of lading

24) SPEAKINGIdentify 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 greşeală scrieti "no error". Daca exista vreo greseală atunci scrieti numai cuvintul ce trebuie sa inlocuiască unul din cuvintele evidentiate)

Although I cannot see you, I can hear you good. No error

ANS: well

25) Traduceţi in limba engleză următoarele doua servicii oferite de băncile comerciale

(NU FOLOSITI SEMNE DE PUNCTUATIE SAU ORDONARE (DECI FARA A, B, C, .; LASATI UN SINGUR SPATIU INTRE CUVINTE )

• facilitatea de retragere numerar în cont descoperit (descoperit de cont)• credit ipotecar

ANS:overdraft facility mortgage bank loanoverdraft facility mortgage loanoverdraft facility mortgageoverdraft mortgage loanoverdraft mortgage

26) Traduceti in limba engleza următoarele 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 accountstatement of accountstatement

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 - 105Grammar: Passive VoiceTransform 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 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 _________.

(Scrieţi numai cele două cuvinte -la plural-lasind o singura pauză intre ele, FARA virgula)

ANS: revenues expenses

30) 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 beenhave contacted file been

31) 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. HowardI would like to apologize for the error we _________ on our invoice DCI-987 dated June 15. I’m _______ that invoice and re-invoicing you as follows:12 tables @ $11,48 each $137.7648 chairs @ $2.05 each $ 98.4012 tablecloths @ $1.88 $ 22.5624 5-piece place settings @ $3.24 each $ 77.76

Subtotal $336.48Tax (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 doingmade canceling doinghave made cancelling doinghave made canceling doing

32) 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. BoyanovI’m 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 manufacturer’s warehouse to our store). I’ve ordered an exact replacement from the factory, and I’ve been____________that it will take four to six weeks to get here. I’ll 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. I’ll be in touch very soon.Sincerely,Bob ChamberlainManager

ANS: purchased told arrives

33) Business writing - Collection letter-Complete 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, to have, over )(Nu folositi semne de punctuatie. Lasati un singur spatiu intre cuvinte !!!)Dear Mr. BoyanovUnfortunately, 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 $2.399.35Please 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 ChamberlainManager

ANS:received past settlereceived over settle

34) 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 linestraight-linefixed installmentfixed instalment

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

Enter the correct words to build expressions related to accounting.


The ___________ is a summary of the company’s trading performance, the financial movements over the past financial year.

ANS:profit and loss accountP&L accountincome statementprofit and loss statement

36) 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

37) From Unit 13-section B, The language of Business: accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania de Maine, p. 140Financial termsInsert the correct word to finish the phrase or questionI haven't got enough money for lunch. Could you ________(a împrumuta) me some?

ANS: lend

38) BUSINESS COMMUNICATION-Chasing late payments-Unit 11-p. 118Complete 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. JamesRe: Invoice 32448I 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 IonescuHead of Financial Dept.

ANS:outstanding remittance undertook

outstanding remittance have undertaken

39) BASIC ACCOUNTING TERMINOLOGY

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

(Lasati un singur spatiu intre cuvinte !!!)

ANS: value added tax

40) Complete the following sentences with the appropriate word in the pair, according to the context. a. economic b. economical1. 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:a b aeconomic economical economic

41) From Unit 9-Grammar section: The Language of Business: accounting banking finance, Niculescu (coord.) Ed. Fundatiei Romania de Maine, 2006 p. 96-97SPEAKING & Grammar- If clause

Completati traducerea de mai jos: Daca nu as fi fost disponibilizat acum nu trãiam din ajutorul de somaj.If I ___ ___ laid off I wouldn’t have lived on ____ benefit now

Lasati un singur spatiu intre cuvinte !!

ANS:hadn’t been unemploymenthad not been unemployment

42) GrammarPut 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

43) From Unit 15, The Language of Business-accounting-banking-finance, Niculescu (coord.), Ed. Fundatiei Romania de Maine, 2006, p. 157-157Basic finance / accounting terminologyWrite the missing word in the gap (use plural form)People who buy shares in a company are called ________

(1 singur cuvint la plural !)

ANS:shareholdersstockholders

44) GrammarComplete 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

45) 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. We’re expanding and personnel is presently ................new staff. The company’s...........including rent, electricity and heating, have doubled this year.

Lasati un singur spatiu intre cuvinte !!!

ANS:hiring overheadshiring overheadtaking on overheadstaking on overheademploying overheadsemploying overhead

46) From Unit 11- The Language of Business - accounting-banking-finance, Niculescu (coord.), Ed. Fundatiei Romania de Maine, 2006, p. 111Traduceţi in limba engleza următoarele documente financiar-contabile

• situatie financiar-contabila

(Folositi forma de singular !!!)

ANS:financial statementoperating statementstatement of financial conditionstatement of financial position

47) From Unit 5-“The Language of Business: accounting-banking-finance”, Niculescu (coord.), 2006, Ed. Spiru Haret, p.49The language of telephoningComplete 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

48) Complete the sentence below with an appropriate word (scrieti un singur cuvant ! )If you don’t have enough money in your account to pay your bills, you’ll have to ask for a /an …......

ANS:overdraftloan

49) 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:complaintscomplaint

50) 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

51) 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

52) 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

53) 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 exchangestock market

54) (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:adadvertisement

55) (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

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

(scrieti un singur cuvint)

ANS:resourcesresource

57) (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

58) (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

59) (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 successful job ......... chosen by that company, prove it in an interview.

(un singur cuvint)

ANS:applicantcandidateseeker

60) (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

61) (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:applytry

62) From Unit 3-“The Language of Business: accounting-banking-finance”, Niculescu (coord.), 2006, Ed. Spiru Haret, p.37: Socializing in business: Complete the following dialogue: a) Mr Smith is thanking an airline clerk for flight information for his summer holiday.

Mr Smith : “Thank you for the information.Airline Clerk: “You’re…..................”

(un singur cuvânt)

ANS: welcome

63) From Unit 2-“The Language of Business: accounting-banking-finance”, Niculescu (coord.), 2006, Ed. Spiru Haret, p.16: Jobs:

Employment in which the employee works the full number of hours defined as such by his/her employer is called____________EMPLOYMENT.


ANS:full-timefull time

64) From Unit 2-“The Language of Business: accounting-banking-finance”, Niculescu (coord.), 2006, Ed. Spiru Haret, p.16: JOBS:

A job advertisement in which the name of the company isn't specified is called a ______ advertisement.

(un singur cuvânt)

ANS: blind

65) From Unit 14 The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.144- Stock market terminologyIn the following business newspaper title : “2 billion shares traded in the OTC market, compared with 40” , the acronym / abbreviation “OTC” stands for : over the __________ market.

(un singur cuvânt)

ANS: counter

66) From Unit 13 The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.141- Business terminology:In the following sentence : “The great majority of companies all around the world are SMEs” the acronym / abbreviation “SMEs” stands for : small and medium sized ______________.

(un singur cuvânt la plural !)

ANS: enterprises

67) From Unit 11The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.111-115

The balance in which for every debit there is a corresponding credit, is the basis of the accounting procedure known as ________________BOOKKEEPING

ANS:DOUBLE ENTRYdouble-entrydouble entry

68) From Unit 14 The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.143-144: Financial Markets terminology:The acronym / abbreviation “NYSE” stands for : The New York ______________


ANS:Stock Exchangestock-exchange

69) From Unit 14 The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.145: Financial Markets terminology:

A document issued by a government or a company borrowing money from the public, stating the existence of a debt and the amount owing to the holder of the document is called a ______

(un singur cuvânt la singular)

ANS: bond

70) From Unit 8 The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.82: Business terminology:In the following sentence “ These are some of the things that the MD saidat a meeting you attended recently” The acronym / abbreviation “MD” stands for : _______ _______(scrieti 2 cuvinte cu un singur spatiu intre ele!!).

ANS: managing director

71) From Unit 11-The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.111-115

Obligations (amounts owed) are reported on the balance sheet and are referred to as ______________

(un singur cuvânt la plural!)

ANS: liabilities

72) From Unit 11-The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.111-115

Assets minus liabilities equals ________________

ANS:owner’s equitynet worthstockholder’s equityequityshareholder’s equity

73) The listing of all of the accounts available for use in a company's accounting system is known as the CHART OF ___________

ANS: ACCOUNTS

74) The pay earned by hourly-paid employees is usually referred to as ___________

(un singur cuvânt-la pl.)

ANS: wages

75) From Unit 11 The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed. Romania de Maine, p.111-115-basic accounting terms: In accounting, the acronym / abbreviation “P&L” stands for : _______ and _______account.


ANS: profit loss

76) From Unit 8- The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Funaţiei Romania de Maine-2006, p. 84: Grammar: Indirect speech

Sentence transformation:

Report these questions using the words in brackets:

Where is the money ? (asked)

She asked me where ______ _______

ANS: the money was

77) From Unit 12- section B: The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p.128: Grammar

Fill in the blanks with the verb given in brackets:

He insisted on ____________ her. (see)

ANS: seeingGRILE-TIP MATCHINGComunicare de afaceri in limba engleza 2-MFC-CIG-AN.UNIV.2009/2010

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.43 "Engleza de Afaceri" Vol. 1 Fulvia Turcu, 1991, Ed. Uranus, p.361-363

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 transferBANK TERMINOLOGY

1 insurance policy2 mortgage loan3 business loan4 checking (current) account5 treasury bonds

1) “I want to invest in safe securities"

2) “I want to guard my house against damage”

3) “I’d like to open an account that enables me to make withdrawals or payments against deposited funds

4) “I’d like to buy a new house”

5) “I’d like to buy equipment for the new premises”

1) ANS: 5

2) ANS: 1

3) ANS: 4

4) ANS: 2

5) 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 -BANK TERMINOLOGY

Match the verbs and nouns to form common banking collocations (word partnerships)

1 bills 4 cash2 a deposit 5 an account3 a Pin number

6) withraw

7) open

8) key in

9) pay

10) make

6) ANS: 4

7) ANS: 5

8) ANS: 3

9) ANS: 1

10) 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 depreciation2 overheads 5 fixed assets3 liabilities

11) Non-changing costs such as rent, lighting, heating, etc.

12) A gradual loss in value (of equipment or other assets ) over time.

13) 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.

14) Costs and money owed.

15) Property, equipment currently owned and not intended for sale.

11) ANS: 2

12) ANS: 4

13) ANS: 1

14) ANS: 3

15) ANS: 5

Reading comprehension: Basic Business Issues

Match the first part of the sentences with the right endings.

1 it makes borrowing easier 4 governments expect something in return2 people tend not to save 5 you don’t pay income tax3 it looses market share 6 people are more productive

16) If they work in pleasant surroundings

17) If they give aid

18) If you have an offshore bank account

19) If inflation is high

20) If a company doesn’t advertise

21) If the government lowers interest rates

16) ANS: 6

17) ANS: 4

18) ANS: 5

19) ANS: 2

20) ANS: 3

21) ANS: 1

From Unit 2 -Jobs- The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 21; 103

Match the form of revenue with the right recipient

1 redundant (unemployed) workers 4 financial adviser 2 shareholders 5 blue-collar worker3 sales representative

22) commission

23) wages

24) fees

25) dole

26) dividend

22) ANS: 3

23) ANS: 5

24) ANS: 4

25) ANS: 1

26) ANS: 2

From Unit 8 - The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 85-86

BUSINESS WRITINGMatch the opening and closing greetings.

1 Yours sincerely / Kind Regards 3 Yours faithfully2 Take care / Best wishes / All the best

27) Dear Sirs / Dear Sir or Madam /Ladies and Gentlemen

28) Hi Susan / Dear Robert and Mary

29) Dear Mrs. Jones / Dear Mr. Smith

27) ANS: 3

28) ANS: 2

29) ANS: 1

From Unit 11 The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006Essential Business EntriesHere is a list of 5 cost items. Categorize them according to the headings given below. 1 leasing of computers 4 mortgage payments2 books, newspapers 5 salaries3 heating, water, gas and electricity bills

30) employee costs

31) property

32) overheads

33) equipment

34) miscellaneous costs

30) ANS: 5

31) ANS: 4

32) ANS: 3

33) ANS: 1

34) ANS: 2

Basic accounting/bank terminologyComplete the gap in the following sentence with a suitable verb.1 lend 4 save2 borrow 5 earn3 owe

35) The bank manager refused to ..............us the mony we needed. She said that our accounting system was too disorganised.

36) I have really done well since I moved to Bucharest. I ............more than 2000 Ron per month and I have a company car.

37) We’ve decided to move to a new office to................money. The place we rent at the moment is too expensive.

38) I still .......the bank $3800. I don’t know when I’ll be able to pay it back.

39) I’m going to _________some money from my friends so I can buy a brand new Toyota.

35) ANS: 1

36) ANS: 5

37) ANS: 4

38) ANS: 3

39) ANS: 2

Match the English words on the left to their opposites on the right.

1 LOSS 4 DOUBLE2 WEAKEN 5 EXPENSE3 RISE

40) FALL

41) PROFIT

42) HALVE

43) STRENGTHEN

44) REVENUE

40) ANS: 3

41) ANS: 1

42) ANS: 4

43) ANS: 2

44) ANS: 5

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

1 produse finite 4 pasive2 bilant 5 cheltuieli de exploatare3 lucrare in curs

45) balance sheet

46) liabilities

47) operating expenses

48) finished goods

49) work-in-progress

45) ANS: 2

46) ANS: 4

47) ANS: 5

48) ANS: 1

49) ANS: 3


1 fluxuri de trezorerie 4 devalorizare, amortizare2 taxe/contributii sociale 5 cheltuieli administrative3 a prezenta (spre evaluare) un bilant

50) submit a balance sheet

51) overheads

52) depreciation

53) social security charges

54) cash flow statements

50) ANS: 3

51) ANS: 5

52) ANS: 4

53) ANS: 2

54) ANS: 1


1 productivitate 4 venituri2 preluare 5 castiguri din operatiuni de capital3 obligatiune negarantata 6 cotatie

55) debenture

56) quotation

57) takeover

58) capital gains

59) earnings

60) yield

55) ANS: 3

56) ANS: 6

57) ANS: 2

58) ANS: 5

59) ANS: 4

60) ANS: 1

Match the job title with the job description:

1 bank manager 4 auditor2 accountant 5 management consultant3 civil engineer

61) We examine and (usually) approve a company’s financial records.

62) I specialise in advising on management reporting systems.

63) We are always ready to discuss lending possibilities with our clients.

64) I draw up and check financial statements, calculate tax, and the unit cost of products.

65) We built bridges

61) ANS: 4

62) ANS: 5

63) ANS: 1

64) ANS: 2

65) ANS: 3

Match the job with the job description:

1 Bank teller 4 General practitioner2 Receptionist 5 Sales representative3 Bookkeeper

66) I visit all my clients four or five times a year to tell them about our latest products.

67) I have about 500 patients on my list.

68) I welcome and deal with people arriving in the office building.

69) I obtain and record financial records.

70) I receive and pay money in a bank.

66) ANS: 5

67) ANS: 4

68) ANS: 2

69) ANS: 3

70) ANS: 1

Match the revenue with the right recipient

1 commission 4 fees2 wage(s) 5 royalty3 salary

71) financial adviser

72) white-collar worker

73) sales representative

74) blue-collar worker

75) author

71) ANS: 4

72) ANS: 3

73) ANS: 1

74) ANS: 2

75) ANS: 5

Match the following basic accounting terms with their definition:

1 detailed listing of all accounts of an organization.

3 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.

2 a record of the money that a business receives or pays out.

4 a register where purchases are recorded.

76) account

77) accounting

78) ledger

79) purchase book

76) ANS: 2

77) ANS: 3

78) ANS: 1

79) ANS: 4

Match the following basic accounting concepts with their definition:

1 money owed to minority shareholders in the company’s subsidiaries and associated companies.

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

2 receipts from sales or payments of interest and dividends.

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

80) INCOME

81) INTEREST RATE

82) MINORITY INTERESTS

83) RETAINED PROFITS

80) ANS: 2

81) ANS: 3

82) ANS: 1

83) ANS: 4

Match the following basic accounting concepts with their definition:

1 balance sheet 3 trial balance2 profit and loss account 4 cash flow statement

84) is the test that determines whether the total of debits equals the total of credits.

85) shows what the business owns and what it owes to its creditors and to its owners on the last day of the accounting period.

86) summarizes the profitability of the company by balancing revenue against expenses

87) It is a historic view of the flows of cash into and out of the business.

84) ANS: 3

85) ANS: 1

86) ANS: 2

87) ANS: 4

Match each comment with a suitable reply:

1 Oh dear! Nothing serious I hope. 3 Congratulations!2 That’s all right. We haven’t started yet. 4 I’m sorry. Bad luck!

88) We’ve just won that large contract with ICI.

89) Our sales manager is in hospital.

90) Bad news! They say they might have to make me redundant.

91) I’m sorry I’m late.

88) ANS: 3

89) ANS: 1

90) ANS: 4

91) ANS: 2

Match the filing system with its description:

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

92) all information is filed in ABC order.

93) all information is filed by date.

94) all information is filed by number.

92) ANS: 2

93) ANS: 3

94) ANS: 1

From Unit 8, The Language of Business: Accounting-Banking-Finance, Niculescu (coord.)p. 77-79Match these terms with their definitions.

1 business entities 4 delayering2 outsourcing 5 customer-centric approach3 supplier

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

96) companies.

97) Reduction of (middle management) levels: the process of simplifying the structure of an organization to make it more efficient.

98) Getting external companies to do work for your company.

99) A business model organized around the needs of the customer.

95) ANS: 3

96) ANS: 1

97) ANS: 4

98) ANS: 2

99) 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 accounting2 financial accounting 5 auditing3 book-keeping

100) daily recording of financial information.

101) an official examination of a company’s financial records in order to check that they are correct.

102) prepairing budgets and other financial reports for decision-makers.

103) the process of using unusual but not illegal ways to change business accounts to make them look better than they really are.

104) summarizes financial data to prepare financial statements such as balance sheet or income statement.

100) ANS: 3

101) ANS: 5

102) ANS: 4

103) ANS: 1

104) ANS: 2

From Unit 9 The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 90-92 Business collocations

Match the following words to form common business collocations:1 orders 4 evaluation 2 share 5 dressing 3 point

105) performance

106) breakeven

107) a backlog of

108) market

109) window

105) ANS: 4

106) ANS: 3

107) ANS: 1

108) ANS: 2

109) ANS: 5

From Unit 8 - section B: The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 86- Business writingMatch the type of statement with the corresponding lines (components of the body of a job application letter)1 introductory paragraph 3 closing paragraph2 main paragraph

110) I would be pleased to discuss my CV with you in more detail at an interview

111) I am writing to apply for the position of ............that was advertised in .........

112) In addition to my strong background in mathematics, I also offer significant business experience

110) ANS: 3

111) ANS: 1

112) ANS: 2

From “ The Language of Business: accounting-banking-finance”, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 170: British and American English terms in the area of finance

Match the British with the American English terms1 inventory 4 checking account2 income statement 5 accounts payable3 accounts receivable

113) profit and loss account

114) stock

115) current account

116) debtors

117) creditors

113) ANS: 2

114) ANS: 1

115) ANS: 4

116) ANS: 3

117) ANS: 5

From Unit 10 and 13 -"The Language of Business-accounting-banking-finance, Niculescu (coord), Ed. , , Fundatiei Romania de Maine, 2006, p. 100; 127, 138, 201 -BANK TERMINOLOGY

Match the definitions on the left with the terms on the right:

Money and banking

1 interest 4 savings2 mortgage 5 remittance3 loan

118) money you do not spend but keep in the bank for later

119) a percentage you pay when you borrow money

120) a special arrangement to borrow money to buy a home

121) money you borrow and pay it back later

122) money sent through a bank

118) ANS: 4

119) ANS: 1

120) ANS: 2

121) ANS: 3

122) ANS: 5

From Unit 10 and 13 -"The Language of Business-accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 100; 123; 138 -BANK TERMINOLOGY

Match the words or phrases on the left with those of opposite meaning on the right:

1 drawer 4 bank charges2 saving 5 credit3 withdrawals 6 expenses

123) free banking

124) deposits

125) debit

126) payee

127) spending

128) income

123) ANS: 4

124) ANS: 3

125) ANS: 5

126) ANS: 1

127) ANS: 2

128) ANS: 6

From Unit 10 and 13 -"The Language of Business-accounting-banking-finance, Niculescu (coord), Ed. Fundatiei Romania de Maine, 2006, p. 100; 123; 138 -BANK TERMINOLOGY

1 bankruptcy 4 credit union2 deposit 5 trade union3 loan

129) a collective bargaining unit for the employees of an organization.

130) The money that a person borrows from a bank or other financial institutions

131) The money that a person places in a bank account for the bank to use to invest and that also earns interest

132) The state of being unable to pay your debts / loans

133) A non-profit financial institution that is owned and operated entirely by its members.

129) ANS: 5

130) ANS: 3

131) ANS: 2

132) ANS: 1

133) ANS: 4

Match the definitions with the corresponding term:

1 opportunity especially for employment or promotion

4 someone who receives something on the promise to return it or its equivalent

2 a conditional conveyance of property as security for the repayment of a loan

5 someone who lends money or gives credit in business matters

3 a charge for borrowing money

134) borrower

135) lender

136) mortgage

137) opening

138) interest

134) ANS: 4

135) ANS: 5

136) ANS: 2

137) ANS: 1

138) ANS: 3

Match the definition with the corresponding term:

1 a person who conducts an interview 4 the charge or cost involved in or required for something

2 a person who is interviewed 5 payment made periodically by a company to its shareholders, usually expressed as an amount per share

3 a formal document acknowledging the existence of a debt

139) bond

140) dividend

141) interviewee

142) interviewer

143) expense

139) ANS: 3

140) ANS: 5

141) ANS: 2

142) ANS: 1

143) ANS: 4

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