MFC-CIG: Comunicare de afaceri in limba engleza Sem.

2 - 2008/2009
…......... accounts are accounts for your sources of business-generated income.
A Liability
B Revenue
C Balance
D Assets
ANS: B
…......... are paid to shareholders.
A wages
B Taxes
C dividends
D Fees
ANS: C
…......... pay is what an employee earns before deductions.
A Net C Gross
B Full D Complete
ANS: C
A …….. is a period when prices cannot be increased.
A price freeze C price-fixing
B hold-up
ANS: A
A balance sheet reports the status of an entity… (Select one answer).
A At a point in time
B Over a period of time
C All of the above
D None of the above
ANS: A

1
A business that arranges the movement of products or commodities between two countries is an:
A international travel agent
B export-import firm
C airline
D international stock market broker
ANS: B
A deposit account is a bank account in which you usually leave money for a long time and which pays you interest
ANS: T
A key term used in financial statements/reports that indicates what the business owes e.g. bank overdraft,
creditors, loans, staff leave not yet taken
ANS: liabilities
A Letter of order is a company’s reply to a claim and complaint letter.
ANS: F
A payment which is overdue is one which is …
A early
B on time
C late
ANS: C
A practical alternative in collecting past due receivables is to use the services of a collection agency.
ANS: T
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
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
A sole trader is a natural person.

2
ANS: T
A supplier must not reply to a customer’s letter of order.
ANS: F
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 statement
profit and loss account
P&L account
profit and loss statement
Accounting is the daily recording of financial information while bookkeeping is the design and maintenance of the
accounting system.
ANS: F
Accounts ___________show how much money your customers owe you.
A Incoming C Obtainable
B Receivable D Collectable
ANS: B
After an initial deposit, you pay …
A remittances C shipments
B installments
ANS: B
Alegeti 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 spreadsheet
B He could find out the turnover if he looked at the spreadsheet
C He could have found out the turnover looking at the spreadsheet
D He could have found out the turnover if he has looked at the spreadsheet.
ANS: A

3
An amount charged for money borrowed is called ...
A interest C loan
B credit D fee
ANS: A
An auditor is a person who keeps accounts.
ANS: F
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
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
Assume 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 fall
B Income would remain relatively stable D There is insufficient evidence to predict the probable effect
ANS: C
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
2 overheads
3 Liabilities
4 depreciation

4
 5 fixed assets
6. Non-changing costs such as rent, lighting, heating, etc.
12) 7. A gradual loss in value (of equipment or other assets ) over time.
8. 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.
9. Costs and money owed.
10. Property, equipment currently owned and not intended for sale.
6. ANS: 2
7. ANS: 4
8. ANS: 1
9. ANS: 3
10. ANS: 5
Before you apply for a job with a particular company, you have to find out all you can about the company.
ANS: T
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. Morrison
We 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 Schneider
Manager
ANS: opened opening

5
Cereals, precious metals and raw materials are traded on the stock exchange.
ANS: F
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 C TheResearch & Development Department decided
that they will send their team on a market search in the that they would be sending their team on a market
Middle East search in the Middle East
B TheResearch & Development Department decided D TheResearch & Development Department decided
that they have been sending their team on a market that they had been sending their team on a market
search in the Middle East search in the Middle East
ANS: C
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 C The manager stated that he never had not wanted to
product offer in the immediate future diversify the product offer in the immediate future
B The manager stated that he will not want to diversify D The manager stated that he didn’t want to diversify the
the product offer in the immediate future product offer in the immediate future
ANS: D
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 even
B closed out D bottomed out
ANS: D
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 B buy out C gain ground D take stock
ANS: D

6
Choose the appropriate position for the following job description: filing, mailing, relief, reception and other
general office work :
A R&D manager C bank teller
B personnel officer D clerk
ANS: D
Choose the best alternative for the following situation:
Her main ....................appeared to be sitting in cafes and watching people go by.
A occupation C career
B profession D affair
ANS: A
Choose the best verb to complete the sentence.
The bank is ____________ a minimum rate of 9% for the loan.
A charging C giving
B providing D requesting
ANS: A
Choose the correct letter ending:
A We are looking forward to receive C We are looking to receive further
further orders from you. orders from you.
B We are looking forward to receiving D We are looking forward receiving
further orders from you. further orders from you.
ANS: B
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, correspond
B enquiries, delay, contact D questions, hesitate, contact
ANS: D

7
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 regret
B reference, enclosing, am afraid D relation, enclosing, apologise
ANS: B
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 currencies C People prefer to take loans in foreign
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
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 C Our bank would grant you a mortgage loan if you
would be 25 and would have a minimum income of were 25 and had a minimun income of 300 dollars.
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
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

8
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
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
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
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 C accurate product information is
packaging. printed on the packaging.
B accurate product information were printed on the packaging.
ANS: B
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

9
Choose the most appropriate variant:
White collar workers work ....
A in offices C in the field
B on building sites D on a farm
ANS: A
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
Choose the most appropriate variant:
Unless the company had advertised, it______________market share.
A would lose C would have lost
B lost
ANS: C
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 lowered
B lowers
ANS: B
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 show
B showed D are showing
ANS: B

10
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’t
B hadn't changed/ wouldn't have been
ANS: B
Choose the most appropriate variant:
They _________the goods immediately, if we___________our order by fax.
A will deliver/send C delivered/sent
B will deliver/will send
ANS: A
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
Choose 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 down
B write up D write off
ANS: D
Choose 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 OUT
B BREAK DOWN E BREAK OFF
C BREAK EVEN
ANS: C

11
Choose the pair that best expresses a relationship similar to the one expressed by the following capitalized pair.
TRESURER : FINANCES
A Secretary : minutes C Agenda : meeting
B Senator: representative D President : chairman
A A E Vice-president : congress
N
S:
Choose the right word to fill in the gaps:
Investors are influenced by the projected _________ on their capital.
A rate D expenses
B return E investment
C market
ANS: B
Choose the things that are traded in financial centres:
A securities D currencies
B commodities E all of the above
C shares
ANS: E
Christina wants to ......... her check because she needs the money right away.
A rent C exchange
B buy D cash
ANS: D
Chronological filing means to file documents by date
ANS: T
Companies … shares to raise capital.
A buy C underwrite
B issue
ANS: B

12
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 unemployment
had not been unemployment
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 been
have contacted file been
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. Howard
I 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 $137.76
48 chairs @ $2.05 each $ 98.40
12 tablecloths @ $1.88 $ 22.56
24 5-piece place settings @ $3.24 each $ 77.76

13
 Subtotal $336.48
Tax (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 canceling doing
have made cancelling doing
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. Boyanov
I’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 Chamberlain
Manager
ANS: purchased told arrives
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, have)
(Nu folositi semne de punctuatie. Lasati un singur spatiu intre cuvinte !!!)
Dear Mr. Boyanov

14
Unfortunately, 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 $2.399.35
Please 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 Chamberlain
Manager
ANS:
received past settle
received over settle
Complete 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. James
Re: Invoice 32448
I 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 Ionescu
Head of Financial Dept.
ANS:
outstanding remittance undertook
outstanding remittance have undertaken
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

15
interviewed.
(un singur cuvint)
ANS: short
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
Complete the following sentence with the correct missing word(s).
One source of job information is a newspaper ............
(un singur cuvint)
ANS:
ad
advertisement
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:
resources
resource
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
Complete the following sentence with the correct missing word(s).
If you believe in your ability to become the succesful job ......... chosen by that company, prove it in an
interview.
(un singur cuvint)

16
ANS:
applicant
candidate
seeker
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.
ANS: letter
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:
apply
try
Complete the following sentences with the appropriate word in the pair, according to the context.
a. economic
b. economical
1. 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, a.
economic economical economic
Complete the following telephone dialogue:
Operator: Hello, Supermovers, How can I help you?
Peter: This is Peter Androne. Can I have _________ 334 please ?
ANS: extension

17
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 back
B take back D call back
ANS: D
Complete the phone dialogue: B: “ Extension 101, please.” A: “The line is now free. I’ll .... you ....”
A put ... through C give ...up
B put ... down D put....on
ANS: A
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
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
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:
complaints
complaint
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)
ANS: application
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:

18
overdraft
loan
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 exchange
stock market
Complete the sentence with an appropriate preposition:
Depending …….... its size, there are several organisational structures a company can choose from.
A along C by
B on D with
ANS: B
Complete the sentence with the suitable word:
The Far East suffered from ....................difficulties in late 90s.
A economy C economics
B economically D economic
ANS: D
Complete the sentence with the suitable word: After a long negotiation, we finally reached ................
A agree D agrees
B agreement E agreeing
C agrement
ANS: B
Complete 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

19
Costs and money owed are referred to as …………..
A liabilities C shares
B assets D revenues
ANS: A
Creditors are people who owe you money.
ANS: F
During an interview you should not show too much interest in understanding your prospective employer’s needs.
ANS: F
Economists often refer to agricultural or mineral products as:
A commodities D currencies
B durables E securities
C blue chips
ANS: A
Employers are interested in practical...................... such as word processing and fluency in foreign languages.
A Knowledges C skills
B needs D informations
ANS: C
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 line
fixed installment
fixed instalment
Enter the correct words to build expressions related to accounting.
(Nu folositi semne de punctuatie. Unde este cazul lasati un singur spatiu intre cuvinte !!!)
The ___________ is a summary of the company’s trading performance, the financial movements over the past financial
year.

20
ANS:
profit and loss account
P&L account
income statement
profit and loss statement
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
Equipment generally loses value. This is called ...
A amortization C bond
B depreciation D working capital
ANS: B
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 cele 2 cuvinte !!!
ANS: hiring overheads
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
Financial accountants are not responsible for the forecasting of the company’s future.
ANS: T

21
Financial accounting is less constrained than the management accounting.
ANS: F
Financial accounting reports may provide information concerning future performance as well as past performance.
ANS: F

Fixed assets is a synonym for tangible assets.

ANS: F
For a profitable firm, total sources of funds will always total uses of funds.
A be equal to C be greater than
B be less than D have no consistent relationship to
ANS: A
For each of the verbs below, three of the four words or expressions fit. In each case circle the one which DOES
NOT.
MAKE
A MONEY
B A LOSS
C BUSINESS
D A DECISION
ANS: C
For each of the verbs below, three of the four words or expressions fit. In each case circle the one which DOES
NOT. MEET
A A DEADLINE
B AN APPOINTMENT
C CUSTOMERS’EXPECTATION
D A TARGET
ANS: B
Gerund is frequently used in business writing to express a demand, requirement, request or suggestion.
ANS: F

22
Give the accounting name for the following:
Things of value owned by an entity.
(un singur cuvint la plural)

ANS:
assets
Grammar: Choose the most appropriate variant:
What ___________unless we __________to the stipulations of the contract?
A will happen/don’t agree C happens/agree
B happened/ don't agree
ANS: C
Grammar: Choose the most appropriate variant:
If public transport ______ free, less people ____________their cars.
A would be/will use C were/ would use
B will be/use
ANS: C
Grammar: Sequence of tenses
Complete the second sentence so it has a similar meaning to the first sentence.
There was a slight fall in profits in March
In March 2005 profits_________________
A Fall slight D fell slightly
B Fall slightly E have fallen slightly
C fell slight
ANS: D
Her academic....................are good but she doesn’t have any previous experience
A occupations C qualifications
B demands D experiences

23
ANS: C
Here is a list of 5 cost items. Categorize them according to the headings given below.
1 leasing of computers
2 books, newspapers 5 salaries 8 overheads
3 heating, water, gas and electricity bills 6 employee costs 9 equipment
4 mortgage payments 7 property 10 miscellaneous costs
6. ANS: 5
7. ANS: 4
8. ANS: 3
9. ANS: 1
10. ANS: 2
”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
If a person or business has more debts than money to pay them, this means they may be declared _________
( un singur cuvint)
ANS: insolvent
If 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 B make exports cheaper C encourage foreign tourism in Romania
ANS: A
In a cash flow statement expenses are entered as paid.
ANS: T
In a free market economy the price is determined by__________ and __________ .

24
( 2 cuvinte cu un singur spatiu intre ele FARA VIRGULA !!)
ANS:
supply demand
demand supply
In 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
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
In a memo there is no salutation and complimentary close.
ANS: T
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
In a semiblock style (Modified block) business letter the first line of each paragraph is indented five to ten spaces.
ANS: T
In 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
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
In addition to personal information, a CV (resume) should include personal descriptions and a philosophical statement.
ANS: F
In an alphabetical filing system, all information is filed in ABC order.
ANS: T
In the application letter you should clearly specify ________ .

25
 A the position you are interested in C your marital status
B the salary you would like to have D your hobbies
ANS: A
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
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 D It’s not our fault if the equipment wasn’t installed correctly.
problem.
ANS: B
In 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 obligations
B to overpay D to pay in advance
ANS: A
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
Insert the correct word to finish the phrase or question
I haven't got enough money for lunch. Could you ________(a împrumuta) me some?
ANS: lend
Insert the right form of the verb in brackets:
The board of directors recommended that she ____________(to join) the company.

26
(Nu folositi semne de punctuatie. Unde este cazul lasati un singur spatiu intre cuvinte !!!)
ANS:
should join
join
Inventory is a synonym for stock.
ANS: T
Letters of complaint must to be accurate, clear and concise.
ANS: T
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,
4. all information is filed in ABC order.
5. all information is filed by date.
6. all information is filed by number.
4. ANS: 2
5. ANS: 3
6. ANS: 1
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!
5. We’ve just won that large contract with ICI.
6. Our sales manager is in hospital.
7. Bad news! They say they might have to make me redundant.
8. I’m sorry I’m late.
5. ANS: 3
6. ANS: 1
7. ANS: 4
8. ANS: 2

27
Match the English words on the left to their opposites on the right.
1 LOSS 3 RISE 5 FALL 7 HALVE
2 WEAKEN 4 DOUBLE 6 PROFIT 8 STRENGTHEN
5. ANS: 3
6. ANS: 1
7. ANS: 4
8. ANS: 2
Match the English words on the left to their Romanian equivalents on the right.
1 a se ameliora 4 constant
2 tendinta 5 radical
3 usor
6. steady
7. improve
8. slightly
9. drastically
10. trend
6. ANS: 4
7. ANS: 1
8. ANS: 3
9. ANS: 5
10. ANS: 2
Match the English words on the left to their Romanian equivalents on the right.
1 produse finite 4 pasive
2 bilant 5 cheltuieli de exploatare
3 lucrare in curs
6. balance sheet
7. liabilities

28
8. operating expenses
9. finished goods
10. work-in-progress
6. ANS: 2
7. ANS: 4
8. ANS: 5
9. ANS: 1
10. ANS: 3
Match the English words on the left to their Romanian equivalents on the right.
1. flux de numerar
2. taxe/contributii sociale
3. a prezenta (spre evaluare) un bilant
4. devalorizare, amortizare
5. cheltuieli administrative
6. submit a balance sheet
7. overheads
8. depreciation
9. social security charges
10. cash flow
6. ANS: 3
7. ANS: 5
8. ANS: 4
9. ANS: 2
10. ANS: 1
Match the English words on the left to their Romanian equivalents on the right.
1 productivitate 4 venituri 7 debenture
2 preluare 5 castiguri din operatiuni de capital 8 quotation
3 obligatiune negarantata 6 cotatie 9 takeover

29
 10 capital gains 11 earnings 12 yield

7. ANS: 3
8. ANS: 6
9. ANS: 2
10. ANS: 5
11. ANS: 4
12. ANS: 1
Match the first part of the sentences with the right endings.
1 it makes borrowing easier 4 governments expect something in return
2 people tend not to save 5 you don’t pay income tax
3 it looses market share 6 people are more productive
16) 7. If they work in pleasant surroundings
17) 8. If they give aid
18) 9. If you have an offshore bank account
19) 10. If inflation is high
20) 11. If a company doesn’t advertise
12. If the government lowers interest rates
7. ANS: 6
8. ANS: 4
9. ANS: 5
10. ANS: 2
11. ANS: 3
12. ANS: 1
Match the following basic accounting concepts with their definition:
1 money owed to minority shareholders in the 3 the percentage a bank pays to depositors for the
company’s subsidiaries and associated companies. amount in deposit.
2 receipts from sales or payments of interest and 4 money that is not paid out to shareholders as dividend,

30
 dividends. but reinvested in the company.
5. INCOME 6. INTEREST RATE 7. MINORITY INTERESTS 8. RETAINED PROFITS

5. ANS: 2
6 ANS: 3
7. ANS: 1
8. ANS: 4
Match the following basic accounting concepts with their definition:
1 balance sheet 3 trial balance
2 profit and loss account 4 cash flow statement
5. is the test that determines whether the total of debits equals the total of credits.
6. shows what the business owns and what it owes to its creditors and to its owners on the last day of the accounting period.
7. summarizes the profitability of the company by balancing revenue against expenses
8. It is a historic view of the flows of cash into and out of the business.
5. ANS: 3
6. ANS: 1
7. ANS: 2
8. ANS: 4
Match the following basic accounting terms with their definition:
1 detailed listing of all accounts of an 3 recording the past growth or decline of the business,
organization. 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 4 a register where purchases are recorded.
receives or pays out.
5. account
6. accounting
7. ledger
8. purchase book

31
5. ANS: 2
6. ANS: 3
7. ANS: 1
8. ANS: 4
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 transfer
BANK TERMINOLOGY
1 insurance policy 4. checking (current) account
2 mortgage loan 5. treasury bonds
3 business loan
6. “I want to invest in safe securities"
7. “I want to guard my house against damage”
8. “I’d like to open an account that enables me to make withdrawals or payments against deposited funds
9. “I’d like to buy a new house”
10. “I’d like to buy equipment for the new premises”
6. ANS: 5
7. ANS: 1
8. ANS: 4
9. ANS: 2
10. ANS: 3
Match the form of revenue with the right recipient
1 laid off employee 4 financial adviser
2 shareholders 5 blue-collar worker
3 sales representative
6. commission
7. wages
8. fees

32
 9. redundancy pay
10. dividend
22) 6. ANS: 3
23) 7. ANS: 5
24) 8. ANS: 4
25) 9. ANS: 1
26) 10. ANS: 2
Match the job with the job description:
1 bank manager 4 auditor
2 accountant 5 management consultant
3 civil engineer
6. We examine and (usually) approve a company’s financial records.
7. I specialise in advising on management reporting systems.
8. We are always ready to discuss lending possibilities with our clients.
9. I draw up and check financial statements, calculate tax, and the unit cost of products.
10. We built bridges
6. ANS: 4
7. ANS: 5
8. ANS: 1
9. ANS: 2
10. ANS: 3
Match the job with the job description:
1 Bank teller 4 General practitioner
2 Receptionist 5 Sales representative
3 Bookkeeper
6. I visit all my clients four or five times a year to tell them about our latest products.
7. I have about 500 patients on my list.
8. I welcome and deal with people arriving in the office building.

33
9. I obtain and record financial records.
10. I receive and pay money in a bank.
6. ANS: 5
7. ANS: 4
8. ANS: 2
9. ANS: 3
10. ANS: 1
Match the opening and closing greetings.
1. Yours sincerely / Kind Regards
2. Take care / Best wishes / All the best
3. Yours faithfully
4. Dear Sirs / Dear Sir or Madam /Ladies and Gentlemen
5. Hi Susan / Dear Robert and Mary
6. Dear Mrs. Jones / Dear Mr. Smit
4. ANS: 3
5. ANS: 2
6. ANS: 1
Match the revenue with the right recipient
1 commission 4 fees
2 wage(s) 5 royalty
3 salary
6. financial adviser
7. white-collar worker
8. sales representative
9. blue-collar worker
10. author
6. ANS: 4
7. ANS: 3

34
8. ANS: 1
9. ANS: 2
10. ANS: 5
Match the verbs and nouns to form common banking collocations (word partnerships)
1 withdraw 4 pay
2 open 5 make
3 key in
6. bills
7. a deposit
8. a PIN number
9. cash
10. an account
6. ANS: 4
7. ANS: 5
8. ANS: 3
9. ANS: 1
10. ANS: 2
Match the word with its definition:
1. Shareholder
2. Broker
3. Bond
4. An agent who is employed by his/her principal to buy/sell his/her goods or services.
5. A formal document acknowledging the existence of a debt.
6. A holder of one or more shares in a company.
4. ANS: 2
5. ANS: 3
6. ANS: 1
Match these terms with their definitions.

35
1 business entities 4 delayering
2 outsourcing 5 customer-centric approach
3 supplier
6. Someone whose business is to provide a particular service or commodity.
7. companies.
8. Reduction of (middle management) levels: the process of simplifying the structure of an organization to make it more efficient.
9. Getting external companies to do work for your company.
10. A business model organized around the needs of the customer.
6. ANS: 3
7. ANS: 1
8. ANS: 4
9. ANS: 2
10. ANS: 5
Match up the accounting words and phrases with the correct definitions.
1 creative accounting / window dressing 4 managerial accounting
2 financial accounting 5 auditing
3 book-keeping
6. daily recording of financial information.
7. an official examination of a company’s financial records in order to check that they are correct.
8. prepairing budgets and other financial reports for decision-makers.
9. the process of using unusual but not illegal ways to change business accounts to make them look better than they really are.
10. the design and maintenance of the accounting system.
6. ANS: 3
7. ANS: 5
8. ANS: 4
9. ANS: 1
10. ANS: 2
Memos never use indented paragraphs.

36
ANS: T
Memos omit both the salutation and the complimentary close.
ANS: T
Money paid into a bank is referred to as ...
A withdrawal C deposit
B loan
ANS: C
Money paid to people that are made redundant is known as ________ benefit.
( un singur cuvint)
ANS: unemployment
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 duties
customs duty
customs tariffs
customs tariff
Money taken from the profits made by companies is known as :__________ tax.
(insert one word)
ANS:
income
corporation
Most often, when companies decide to place orders, they prefer to use special order forms.
ANS: T
Nowadays many designers or IT specialists are....................in other words they sell their work or services to different
companies.
A general practitioners
B freelance

37
C unemployed
D civil engineers
ANS: B
One of the most important shipping documents which is also a document of title is the_____ ___ ______
(Nu folositi semne de punctuatie. Unde este cazul lasati un singur spatiu intre cuvinte !!!)
ANS: bill of lading
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 D Anything else?
present time. Please leave your name and
number after the tone.
ANS: B
Orders are written down on a / an ...
A authorized dealer C reply to an order
B order form D assessment
ANS: B
Our ……………include a $12,000 tax bill and the $8,000 we owe our suppliers.
A Assets
B Debtors
C Liabilities
D Overheads
ANS: C
Patents, ideas, trade marks, licenses are referred to as:
A intangible assets C tangible assets
B durable goods D fast moving consumer goods (FMCG)
ANS: A
Petty cash is

38
A small denomination coins
B money held in a business to cover small expenses
C pocket money given to children
D a tip
ANS: B
Pre/tax profits are the same as net profits.
ANS: F
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
Property and equipment currently owned and not intended for sale are known as…………...
A current assets
B fixed assets C wasting assets
ANS: B
Put 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
Put 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
Put the verb in brackets into the appropriate form:
The manager demands that the main entrance __________(to be) locked at night.

39
(Nu folositi semne de punctuatie. Unde este cazul lasati un singur spatiu intre cuvinte !!!)
ANS: should be
Put 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

Put 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
Put 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 employ
have employed
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

40
Reminders must be sent out to all customers whose accounts are more than a month ________
A Indebted C Unbalanced
B Overdue D Unpaid
ANS: B
Rent is what you pay to shareholders.
ANS: F
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
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
Select the verb or verb string that best completes the following sentence:
The boss insisted that Mr.Petcu ___________at the meeting
A be not C not be
B is not D doesn’t be
ANS: C
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
Silicon Valley is full of software companies.

41
ANS: T
Since import regulations have been relaxed it has become ____________to work in the Egyptian market.
A More easy D Easier
B More difficult E Difficult
C More easier F More easier
ANS: D
Some companies are divided into different business units, often also called profit centres.
ANS: T
SPEAKING
Identify 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
SPEAKING & WRITING
Mentally rephrase the following sentence according to the directions given. Then choose the lettered word or phrase that is
included in your revised sentence. Take care to keep the meaning of the revised sentence as close as possible to the
meaning of the original sentence
It is impossible to calculate the losses which have been incurred to date.
Substitute debt for losses.
A debt, which have C debt which has
B which, has to D debt. Which
ANS: C
Spell out the following abbreviation. (Use English words !!)
VAT
ANS: value added tax
State the COMMONEST METHOD OF PAYMENT for trade between countries. It is operated by the banks and

42
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 credit
L/C
Documentary credit
D/C
Stretching accounts payable is a cost-free method of financing a business.
ANS: T
Teacher 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 salaries
B A teaching staff dependent on fewer educational materials
C A teaching staff of fewer than fifty teachers
D A teaching staff of only fifteen teachers
E A substantial change in the quality of education
ANS: C
The average is the total amount of something.
ANS: F
The Board of Directors is appointed by the Managing Director (MD).
ANS: F
The companies are not at all organised along product lines.
ANS: F
The company’s Research and Development Department selects the applications and prepares a shortlist of candidates for
an interview.

43
ANS: F
The debt should be paid______within thirty days of receiving this statement.
A. all over C. in full E. for full
B. in fool D. for fool
ANS: C
The directors of the company approve the ………….… at the end of the …………….. year.
A accounts; accounting B accounting; accounts
C accounting; accounting D accounts; accounts
ANS: A
The dollar, the euro and the yen are all
A currencies C funds
B wages D monies
ANS: A
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 credit
credit debit
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:
loss
net loss
loss or net loss
deficit
debt
The fundamental accounting equation is :

44
(Completati formula -lasati un singur spatiu intre cuvinte !!!.)
Assets =__________ +____________
ANS: liabilities equity
The more information passes through your office, the less you need a logical system for filing it.
ANS: F
The opposite of a loss is a profit.
ANS: T
The opposite of accounts receivable is....
A Notes payable C Accounts payable
B Current liabilities D Retained profits
ANS: C
The removal of money from an account is known as ...
A withdrawal C pay
B change D deposit
ANS: A
The Romanian equivalent for " Accounts receivable" is "conturi debitoare".
ANS: T
The term "memorandum" can be used instead of "memo".
ANS: T
To 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 borrow
B trust E charge
C steal
ANS: A
Traduceti in limba engleza următoarele documente bancare / financiar contabile
(Nu folositi semne de punctuatie. Unde este cazul lasati un singur spatiu intre cuvinte !!!)

45
 extras de cont
ANS:
bank statement
bank statement of account
statement of account
statement
Traduceţi in limba engleza următoarele documente financiar-contabile
• situatie financiar-contabila
(Scrieti la singular 2 cuvinte !!!)
ANS:
financial statement
operating statement
statement of financial condition
statement of financial position
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 loan
overdraft mortgage
Transform 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

46
Transform 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 sent for the doctor (already)
The doctor ___ ___ ___ sent for.
ANS: has already been
Turn 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
We have just received a … for a quotation.
A requirement B demand C request
ANS: C
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
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
What can you bring forward?
A a loss B a profit C an appointment
ANS: C
What can you call off?
A a customer B a meeting C a contract

47
ANS: B
What can you lay off?
A workers B a bad debt C machinary
ANS: A
What can you put through?
A a phone B a computer C a caller
ANS: C
What can you write off?
A workers B a bad debt C executives
ANS: B
What is the correct accounting name given to distributions of cash or other assets from an incorporated
business to its shareholders ?
A bonuses C business perks E dividends
B revenue D cash discounts
ANS: E
When comparing preference shares with ordinary shares, we can usually say that:
A Preference shareholders have greater C Ordinary Shareholders have priority over
voting powers at Annual General Meetings Preference shareholders on liquidation
B Preference shareholders have priority D Ordinary shareholders unlike Preference
over Ordinary shareholders for annual shareholders receive a fixed rate of
dividend payments dividend
ANS: B
When public spending exceeds receipt from income taxes, VAT and so on, the government issues:
A Shares C Vouchers
B Stocks D Blue chips
E Bonds
ANS: E

48
When purchasing corporate bonds, investors....
A receive commodities C are making a loan to the company
B receive stock paying a fixed dividend D borrow money from the company
ANS: C
Which are the three different markets
A raw material exchange, job exchange, C stock exchange, precious metal exchange,
car exchange foreign currency exchange
B stock exchange, commodity exchange, D stock exchange, raw material exchange,
foreign currency exchange job exchange
ANS: B
Which of the following best describes an asset of a business :
A C
A piece of equipment or a building Anything that is owed by a business
owned by a business
B
Materials that have been purchased by D Anything that is owned by a business
a business

ANS: D
Which of the following could be used as a short term means to improve cash flow in a business?
A A new issue of debentures
B A new issue of preference shares
C Taking out a mortgage on firm’s depot
D Debt factoring
ANS: D
Which of the following would be treated as a short-term fund by a company?
A Ordinary shares

49
B Debenture stock
C Tax provisions
D Preference shares
ANS: C
Which one of the following would be classed as a source of long-term funds for a company?
A An issue of ordinary shares C Bank overdraft
B Trade creditors D Factoring
E Hire Purchase
ANS: A
Work is always so much better if you have a manager you ... on well with.
A get C carry
B take D hold
ANS: A
Write the missing word in the gap (use plural form)
People who buy shares in a company are called ________
(1 singur cuvint la plural !)
ANS:
shareholders
stockholders
You need to ask your interviewer about the responsibilities of the position you apply for.
ANS: T
You record how much each of your employees should be paid in the ......... account.
A Employee pay
B Employer pay
C Revenue
D Payroll
E Standard deduction
ANS: D

50
Your CV or resume is a concise statement of your background, education, skills and experience.
ANS: T

51