Business and Finance Terminology Explained
A period of stock market speculation ended dramatically in October 1929…
1. depression, 2. expanded, 3. upturns, 4. downturns, 5. boom, 6. peak, 7. recession, 8. contracted, 9. recovery
The traditional definition of auditing is a review and an evaluation…
1. exactness, 2. departures, 3. a firm’s established methods for recording business, 4. independent, 5. judge, 6. most senior executives and advisors, 7. approved, 8. owner’s of the company’s equity, 9. company’s yearly assembly, 10. inadequacies, 11. an equivalent term, 12. multinational companies, 13. verifying, 14. instructions, 15. executed, 16. companies which they control
People who buy stocks and shares are called …. in Britain
1. shareholders, 2. bulls, 3. bears, 4. stags, 5. stockbrokers, 6. market-makers, 7. insiders, 8. arbitrageurs
Another name for stocks and shares is…
1. equities, 2. ordinary shares, 3. participation certificates, 4. preference shares, 5. deferred shares, 6. blue chips, 7. barometer stocks, 8. growth stock, 9. defensive stock, 10. mutual fund
…. supervise the banking system; fix the minimum interest rate; issue bank notes.
1. Central banks, 2. Commercial banks, 3. Universal banks, 4. Finance house, 5. merchant banks, 6. Investment banks, 7. building societies, 8. Supranational banks
The simplest form of business is the individual proprietorship or…
1. sole trader, 2. partnership, 3. losses, 4. liability, 5. bankruptcy, 6. corporations, 7. creditors, 8. shares, 9. prospectus, 10. registered, 11. capital, 12. premises, 13. issue, 14. financial, 15. files.
Bookkeepers record every purchase and sale that a business makes, in the order that they take place, in….
1. journals, 2. posted, 3. ledger, 4. transferred, 5. double-entry, 6. debits, 7. credits, 8. trial balance, 9. transactions, 10. invoice, 11. receipt, 12. vouchers.
Fixed assets such as buildings, plant and machinery (but not land)…
1. lose, 2. wear out, 3. deducted, 4. converting, 5. exist, 6. involve, 7. writes off, 8. increase, 9. spreads, 10. charges, 11. allow, 12. encourage.
Cash flow is essentially a company’s ability to earn cash. It is the amount…
1. net, 2. reserves, 3. working, 4. reputation, 5. suppliers, 6. liquidity, 7. positive, 8. insolvent.
If a person or business has more debts than money to pay them, this means they have more…
1. liabilities, 2. insolvent, 3. creditor, 4. assets, 5. corporation, 6. do business
Because a commercial bank can lend most of the money deposited with it to other borrowers…
1. reserve, 2. interest, 3. assets, 4. cash, 5. maturity, 6. liquid.
Following the … argument that the average level of …
1. monetarist, 2. prices, 3. velocity, 4. commercial, 5. tight, 6. bonds.
Commercial banks are businesses that trade in money. They receive and hold…
1. deposits, 2. customers, 3. lend, 4. accounts, 5. wages, 6. salary, 7. transfer, 8. current account, 9. withdraw, 10. cheque, 11. standing orders, 12. bank loan, 13. overdraft, 14. debt, 15. spread, 16. depositors, 17. optimize, 18. liquidity, 19. liabilities, 20. return.
My salary is paid directly into a low-interest …. I can withdraw money from automatic…
1. current account, 2. cash dispensers, 3. standing order, 4. cheque, 5. credit card, 6. deposit account, 7. mortgage, 8. overdraft, 9. loan, 10. foreign currency, 11. pension, 12. investment advice.
Very few producers make their goods and sell them directly to their… from the same….
1. end users, 2. premises, 3. outlet, 4. chain, 5. telephone, 6. sales reps, 7. industrial, 8. retailer, 9. authorized dealer, 10. franchise, 11. agent, 12. vending machines.
A company that wants to … or diversify can … a raid– in other words…
7. grow, 8. launch, 9. buy, 10. increase, 11. persuade, 12. sell;
If a raid is not, or would not be, successful, a predator can make a takeover bid: a public offer…
13. friendly, 14. hostile, 15. board, 16. poison pill, 17. white knight
The rare situation in which all producers are too small to affect the market price is called…
1. perfect competition, 2. imperfect competition, 3. monopoly, 4. monopsony, 5. an oligopoly, 6. cartel, 7. anti-trust laws, 8. an oligopsony, 9. patents, 10. utility
Inflation is a rise in the general level of prices. It is caused by an …
1. excess, 2. supply, 3. hyperinflation, 4. employment, 5. unemployment, 6. producers, 7. deflation, 8. spending, 9. restrictions, 10. consumer, 11. weighted, 12. interest, 13. debts, 14. assets.
The … economists argued that individual self-interest and competition naturally determine prices and incomes.
1. classical, 2. flexible, 3. market, 4. consume, 5. counter, 6. taxation, 7. stabilize, 8. inflationary, 9. anticipate, 10. aggregate.
Money paid, usually weekly and often in cash, to a worker for work done is called…
1. salary, 2. purchasing, 3. differentials, 4. earn, 5. income, 6. standard, 7. cost, 8. distribution, 9. rent, 10. profits, 11. Progressive, 12. inequality.
John Bright is the Marketing Director of MicroTech, a fast-growing electronic equipment manufacturer…
1. pay-roll, 2. remuneration, 3. bonus, 4. incentive, 5. golden handshake, 6. salary, 7. pension, 8. pay scales, 9. minimum wage, 10. pay differentials, 11. wages, 12. overtime, 13. time and a half, 14. double time.