Business & industry

English test on knowledge of the business

Correct answers out of 34 . Result:

1. Replace words and phrases in italics with a word or phrase that has the opposite meaning.

1. We have a limited supply of computer base units -
2. Last year, our company made a huge profit -
3. Our gross profits are up by almost 150 per cent on last year -
4. Banks across the country are reporting a sharp drop in borrowing -
5. The company will debit your bank account with £528 each month. -
6. The wholesale market has experienced a down turn since the recession began. -
7. The government is encouraging short-term investors to put their money into the public sector. -
8. Private enterprises are under a lot of financial pressure. -
9. Skilled workers are demanding a 15 per cent pay rise -
10. If this continues, we will have to lay off members of staff -
11. Blue-collar workers across the country are demanding improved work ing conditions -
12. He works for a company which imports camera equipment -
13. A lot of people have benefited from the recent boom in the electrical industry -
14. The management refuse to compromise on the quality of their products. -
15. Overall revenue is down by almost 15 per cent. -
16. A fight broke out in the boardroom over terms and conditions of employment. (Note: you will have to change the preposition in to on) -

1. Сопоставьте слова и фразы

A. The percentage charged for borrowing money. (The Bank o f England has raised )
B. Industries involved in the manufacture of goods. ( rely on the ready supply of raw materials)
C. The value of goods and services paid for in a country, including income earned in other countries. (Last year's was close to £25 billion)
D. The amount which a firm, machine or person produces. (The factory has doubled its in the last six months)
E. Industries involved in the production of raw materials. (Coal mining is an important )
F Installing machinery in place of workers ( can be a mixed blessing - machines usually tend to be out order when you need them most)
G. Industries which do not make products but offer a service such as banking, insurance and transport. ( have become more important in the last decade)
H. The difference in value between a country's imports and exports. (The government is trying to reduce the deficit)
I. The amount by which expenditure is more than receipts in a firm's or country's accounts. (The company announced a two million pound )
J. A system where one person or company supplies all of a product in one area without any competition. (The state has a of the tobacco trade.)
K. Industries which were once privately owned, but now belong to the state. (Workers in are to get a 3 per cent pay rise.)
L. Lack of work. (The figures for are rising)
M. The action of imposing taxes. (Money raised by . pays for all government services)
N. The most important industries in a country. (Oil is a which is essential to the country's economy)
O. A state in an economy where prices and wages are rising to keep pace w ith each other. (The government is trying to keep dow n below 3 per cent)
P. A tax on money earned as wages or salary. (She pays at the lowest rate)
Q. A tax imposed as a percentage of the invoice value of goods or services. An indirect tax. ( in Britain currently runs at 20 per cent)
R. A fixed amount of money that you earn each month of year from your job (I receive an annual of £30,000)