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1. Listening Comprehension
2. Answer the two questions listed below by focusing on the specific requirement. Make sure
you provide appropriate explanations, arguments and examples if possible. (WORD LIMIT
100 WORDS/ITEM).
A. What sources of financing a new business could a self-starter resort to if in need of
start up money?
B. Is there an accounting scandal of an international magnitude that you have read
about/heard of? What happened and what impact did the accounting failure have?
3. A. English in Use
COMPLETE EACH SENTENCE WITH THE CORRECT OPTION (A, B OR C):
1 Private banks manage the assets of rich people or __ net worth individuals.
a) large b) high c) extreme
2 Due to large losses, shareholders will not receive a ________ this year.
a) dividend b)bonus c) revenue
3 The price of the shares was ________ by the lack of their availability.
a) inflated b) generated c) enhanced
4 Cheque volumes reached a. ________ in 1998 but usage has fallen since then, mainly owing to
increased use of credit cards.
a) peak b) victory c) total
5 Darren has taken ________ a life insurance policy with the Prudential.
a) up b) out c) against
6Do you know how much of the budget has been ________ to recruitment.
a) ensured b) allocated c) prescribed
7 The major ________ reduced the companys market capitalization by 70 per cent.
a) selling b) sale c) sell-off
8 We dont own the Paris office. We ________it from a larger company.
a) hire b) borrow c) lease
9 They had to sell off some ________ in order to reduce their level of debt.
a) headquarters b) assets c) capital
10 Borrowing money from________ implies both risks and other potential dangers.
a) venture capitalists b) loan sharks c) banks
11 Corporate ________is the way a company is organized and managed at the highest level.
a) management b) supervision c) governance
12 Regulators are demanding more __________; they say audits should ensure that the
companys accounts give a clear picture of its financial situation.
a) truth b) transparency c) morality
13 When you deduct a companys liabilities from its assets, you are left with __________ equity.
a) shareholders b) stakeholders c) proprietors
14 One can look at profitability in terms of earnings per __________.