Business English Test – Part 1: Finance Business English Test Part 1 – FINANCE Your Name (required) Your Email (required) TASK 1. FINANCE Complete with the correct option: 1-One big fear of world economies is that of... ---recessionregressionrepressionreceding 2-What are the elements of net ---abcd (P&L)? a) results b) score c) data d) outcome 3-Assets can be divided into variable and ---abcd ones. a) Invariable b) Steady c) Fixed d) Countable 4-What are the main items of a balance ---abcd ? a) Paper b) Statement c) Performance d) Sheet 5-Entrepreneurs expect governments to reduce tax ---abcd a) Rates b) Stakes c) Numbers d) Ratio 6-What are the main ---abcd products used by companies? a) Bank's b) Banks' c) Banking d) Bankings' 7-What are the ---abcd standards of bookkeeping? a) Main b) General c) Overall d) Major 8-What are ---abcd tax assets & liabilities? a) Deferred b) Preferred c) Crucial d) Tangible 9-What are the types of tangible & ---abcd assets? a) Changing b) Intangible c) Diverted d) Reverted 10-What are the rules of ---abcd of costs? a) Capitalization b) Compensation c) Corruption d) Coherence 11-CFO stands for Chief Financial ---abcd a) Operator b) Operation c) Officer d) Option 12-What’s FIFO and ---abcd ? a) TIFO b) LIFO c) MIFO d) RIFO 13-Elaborate on the methods of cost ---abcd a) Allocation b) Shift c) Transportation d) Circumstances 14-What factors ---abcd to the financial performance of companies? a) Lead b) Contribute c) Get d) Adjust 15-Explain the terms: in the red/---abcd a) White b) Black c) Silver d) Gold — Acento | Kursy językowe dla firm | Angielski dla firm www.acentoespanol.pl