Test poslovnog engleskog jezika

Welcome to your Test Your English for Finance

Name Email

1. Choose the best word or phrase to complete the gap.You can set up a ______ online to pay your insurance, TV licence, utility bills and much more.

direct deduction

direct order

direct debit

2. Choose the best word or phrase to complete the gap.The primary aim of our financial management is to ______ liquidity in the company at a level that is adequate to meet our obligations.

maintain

manufacture

make

3. Choose the best word or phrase to complete the gap.They want to ______ the loan from the existing properties they own.

protect

secure

safeguard

4. Choose the best word or phrase to complete the gap.If we need to ______ capital and are not successful in doing so, we will have to consider other options.

raise

rise

rose

5. Choose the best word or phrase to complete the gap.An auditor's job is to investigate company accounts to check if they are true and ______.

actual

accurate

accountable

6. Choose the best word or phrase to complete the gap.Depending on the size of the overdraft ______, the bank may require the SME to provide some security.

overdraft faculty

overdraft facility

overdue facility

7. Choose the best word or phrase to complete the gap.A banker's reference is a report issued by a bank stating the ______ of a particular customer.

wealth

creditworthiness

ranking

8. Choose the best word or phrase to complete the gap.The acronym IFRS stands for:

International Fiscal Reporting Standards

International Financial Reporting Standards

International Fiscal Reviewing Standards

9. Choose the best word or phrase to complete the gap.We have ______ the figures by sector for easier analysis.

broken down

brought down

blown down

10. Choose the best word or phrase to complete the gap.If you would like to ______ travel expenses, please complete and return this form, along with any tickets or receipts, to us.

claim

demand

request

11. Choose the best word or phrase to complete the gap.The country is facing a serious ______ problem, as export figures so far in the current fiscal year have been overestimated by $3 billion.

balance of power

balance of import

balance of trade

12. Choose the best word or phrase to complete the gap.______ markets won't recover in the short term.

Emerging

Urging

Emergency

13. Please choose the correct answer.If demand for a product is buoyant, it is:

at a low level

at a high level

unsatisfactory

14. Please choose the correct answer.If someone uses a technique of hedging, they want to:

reduce investment risk

acquire new property

avoid tax

15. Choose the best word or phrase to complete the gap.Always make sure you are able to ______ all your liabilities.

compile

complete

cover

16. Choose the best word or phrase to complete the gap.Don't ______ your credit.

overdone

overdo

overextend

17. Please choose the correct answer.In accounting, the term associated with estimated, predetermined costs is:

projected costs

standard costs

forecast costs

18. Please choose the correct answer.If a company is a going concern, it:

has gone bankrupt

has resources needed to operate

under inspection

19. Choose the best word or phrase to complete the gap.He hasn't made any insurance claims for a year, so he has earned a ______.

no-claims bonus

no-claims addition

no-claims benefit

20. Please choose the correct answer.The term we use for situations when the service or contract terms are carried out first and then the payment is made is:

payment in advance

payment in arrears

payment in instalments

21. Choose the best word or phrase to complete the gap.Our profits in the ______ have been slightly higher.

average

whole

aggregate

22. Choose the best word or phrase to complete the gap.Managers often attempt to plan for any ______ that they feel may occur with any significant likelihood.

contingencies

predicaments

vicisstudes

23. Choose the best word or phrase to complete the gap.Pension income is normally ______ to ensure that its purchasing power is not eroded by inflation.

index linked

index limited

index connected

24. Choose the best word or phrase to complete the gap.The building is insured ______ £100,000.

for

25. Choose the best word or phrase to complete the gap.A small business owner has to know the difference between ______ and capital allowances.

appreciation

depreciation

validation

26. Please choose the correct answer.If an employer reimburses an employee for all or part of his or her health insurance premiums, the employer

asks the employee to pay the money back

refuses to pay the money

pays the money back to the employee

27. Please choose the correct answer.An industry or a business process which requires substantial amounts of money or other financial resources to produce a good or service is called:

capital intensive

labour intensive

cost effective

28. Choose the best word or phrase to complete the gap.The euro is currently at 1.30 ______ the dollar.

for

against

29. Choose the best word or phrase to complete the gap.Awards by an employer to an employee from a staff suggestion scheme are generally ______ on condition that the award does not exceed £5,000.

tax excluded

tax exempt

tax evaded

30. Choose the best word or phrase to complete the gap.______ is a document that is issued to a customer listing all transactions undertaken over a given period of time.

Statement of account

State of accounting

State of account

31. Please choose the correct answer.In accounting, the term overheads refers to:

profits

expenses

savings

8 out of 7

Time is Up!

Time's up