Test 8. Choose the alternative that best suits the context

1. Our _______is to increase the market share within a few months.

a) responsibility

b) objective

c) ambitions

2. ________situation is stabilizing at present.

a) Economic

b) Economical

c) Economy

3. They are very __________in their expenditures.

a) economic

b) economical

c) economics

4. ________is a document which lists the goods you bought and tells you how much you must pay for them.

a) Invoice

b) Balance

c) Deposit

5. We cannot afford to employ more staff in the current ________climate.

a) economic

b) economy

c) economical

6. The income made by the normal activities of a business is known as_______.

a) turnover

b) operating profit

c) gross profit

7. Fixed assets are what a company _________

a) owes

b) owns

c) sells

8. Current liabilities are what a company ________.

a) invest

b) buys

c) owes

9. Wealth used to produce more wealth is called _____.

a) liabilities

b) capital

c) goods

10. Balance sheet is a statement of how much _______has come in and how much has gone out.

a) shares

b) money

c) capital

11. The goods which a company intends to sell to its customers are known as ________.

a) a stock

b) a capital

c) a stake

12. Venture capital is money lent to ________.

a) spend on charity

b) start a risky business

c) buy an estate

13. Probably the package design ________.

a) will be changed

b) would be changed

c) will have been changed

14. In the summer sales you can sometimes get warm clothes at a _______prices, really for next to nothing.

a) free

b) cheaply

c) giveaway

15. ______he has a degree from the prestigious university, he fears that the recession will make it difficult to find a good job.

a) Despite

b) Although

c) However

16. My car broke down while I _____ home from the countryside.

a) drove

b) was driving

c) have been driving

17. I’m a salesman and work in the ________department.

a) export

b) advertising

c) production

18. Due to our new supply system more products are ________to consumer and supply costs are lower.

a) available

b) reduced

c) limited

19. You _______me yesterday. I was waiting for your call all day. The matter is too urgent to be delayed.

a) may phone

b) might phone

c) should have phoned

20. A great number of companies in Russia were ______by the 1998 financial crash.

a) effected

b) affected

c) infected

21. There ______a very high demand for their product a few years ago. They grew rapidly within a couple of years. But at present they are not doing well. The market has become very competitive.

a) must be

b) must have been

c) should have been

22. We must work overtime for about a week lest we______ a tough penalty. It was an urgent order. We must do our best to be in time with it.

a) will be paying

b) should pay

c) have be paying

23. __________World Bank is an organization that is a part of the United Nations, which lends money to poorer countries to develop their farming, industry and health and education systems.

a) A

b) The

c) __

24. If a firm ________invest in R and D, their products will rapidly become obsolete.

a) will not

b) would not

c) does not

25. This type of coffee is the _________ leader.

a) logo

b) slogan

c) brand

26. Last month they started their advertising campaign with the brand-new corporate_______.

a) slogan

b) team

c) appeal

27. I’ve got ______exiting news for you.

a) any

b) some

c) an

28. A new model ________for performance at the moment.

a) is tested

b) have been tested

c) is being tested

29. New technologies make global ______easier.

a) communication

b) travelling

c) market

30. The price is not too high, I think, it’s quite ________.

a) more reasonable

b) reasonably

c) reasonable

31. You can buy the same software quite-------at our local market.

a) reasonable

b) cheaply

c) free

32. Our sales have picked up ______in the last two months.

a) few

b) a little

c) a few

33. By the time you arrive we’ll _________the work, I believe.

a) finish

b) be finishing

c) have finished

34. I’ll be waiting for you in _________reception area.

a) a

b) the

c) –

35. He bought stocks during the ________market, when the share prices were the lowest, and sold them when they rose.

a) bull

b) bear

c) boom

References:

1. Дубинина Г.А., Драчинская И.Ф. Английский язык: Пособие для вузов. – 5-е изд., исп. и доп. – М.: Издательство «Экзамен», 2002. – 160 с.

  1. Багинская И.Н., С.Г. Шишкина. Приглашаем в мир экономики. Учеб. пособие ч.3я, изд-е 2е, дополненное.- Иваново, 2005. -72 с.

3. Любимцева С.Н., Коренева В.Н. Курс английского языка для финансистов. Учебник. Издание седьмое. – М.: ГИС, 2009. – 352 с.

4. Рыжков В.Д. Деловой английский язык: Менеджмент: Пособие по изучению англ.яз. – Калининград: Янтарный сказ. 2003. – 256 с.

  1. Тарнаева Л.П. Бизнес-английский: Тесты и словарь. – СПб.: КОРОНА., 2001 – 208 c.

6. Толстоухова В.Ф., Сидоренко Г.И. Английский язык. Бизнес-курс (Business English): Учеб. пособие для студентов вузов. – Мн.: ТетраСистемс, 2001. – 208 с.

7. Халилова Л.А. English for students of economics: учебник английского языка для студентов экономических специальностей. – М.: ФОРУМ: ИНФРА – М., 2005. – 384 с.

  1. Шевелева С.А. English on Economics: Учеб. Пособие для вузов. – М.: Культура и спорт, ЮНИТИ, 1998. – 375 с.

9. David Cotton, Sue Robbins. Business Class. Course Book. – London: Longman, 1993. – 184 p.

10. Ian MacKenzie, English for Business Studies. A course for Business Studies and Economics students. – Cambridge University Press, 2002. – 210 p.

  1. Mark Powell. In Company. Upper intermediate. - Macmillan Edition, 2004. – 170p.

12. Raitskaya L., Cochrane S. Macmillan Guide to Economics. Student’s Book. – Macmillan Edition. – 220 p.

  1. Simon Greenall. People Like Us. Parts 1, 2. Exploring cultural values and attitudes. Macmillan Education.

CONTENTS:

PREFACE ………………………………………………………………………2

UNIT 1. WHAT IS ECONOMICS ALL ABOUT? ………………………………3

UNIT 2. MANAGEMENT ……………………………………………………….17

UNIT 3. MARKETING …………………………………………………………..29

UNIT 4. BANKING AND TAXATION …………………………………………44

UNIT 5. RECRUITMENT ……………………………………………………….58

UNIT 6. BRANDS AND ADVERTISING ………………………………………69

UNIT 7. CORPORATE CULTURE ……………………………………………..79

TESTS ……………………………………………………………………………90

REFERENCES ………………………………………………………………….111


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