Académique Documents
Professionnel Documents
Culture Documents
1. TRUE OR FALSE
Mark the following sentences as True or False. If they are false, explain why.
1
Social security (welfare) transfers wealth to people that have suffered a loss due to natural
disaster.
When quantity demanded is greater than quantity supplied, prices tend to rise.
Understanding basic economic issues
An increase in demand usually determines a rise in the price of the product
If inflation is rising, a central bank will probably raise interest rates.
Growth creates wealth and wealth creates jobs.
Property is divided into two main types: chattel and personal.
4. From -The Language of Business: accounting-banking-finance-, Niculescu (coord.)2006, Ed. Fundatiei
Romania de Maine, 2006, p.16-20 and from Essential English for Business and Finance Students,
Niculescu, Editura Universitara, Bucuresti, 2014, p. 9-24.
Your CV or resume is a concise statement of your background, education, skills and
experience
In addition to personal information, a CV should include personal descriptions and a
philosophical statement.
2. M A T C H I N G
5. From -The Language of Business: accounting-banking-finance-, Niculescu (coord.)2006, Ed. Fundatiei
Romania de Maine, 2006, p.16-20 and from Essential English for Business and Finance Students,
Niculescu, Editura Universitara, Bucuresti, 2014, p. 25.
Match the job titles with the job descriptions (a-j)
1. Auditor a. I specialise in advising on management reporting systems.
2. Bank manager b. I obtain and record financial records.
3. Accountant c. We build bridges
4. Management consultant d. We examine and (usually) approve a company's financial
records
5. Receptionist e. I receive and pay out money in a bank
6. Civil engineer f. I have about 500 patients on my list.
7. Sales Representative g. I visit all my clients four or five times a year to tell them about
our latest products.
8. General practitioner h. I welcome and deal with people arriving in the office building
9. Bank teller i. We are always ready to discuss lending possibilities with our
clients
10. Bookkeeper j. I draw up and check financial statements, calculate tax, and the
unit cost of products
2
Match the words from column A with the definitions from column B:
A B
1. Broker A) an official document promising that a government or company will
pay back money that it has borrowed, often with interest
2. Securities B) something such as property that you promise to give someone if
you cannot pay back money you have borrowed from them
3. Bond C) shares and bonds which are bought as investments
4. Shares D) one of the equal parts into which the ownership of a company is
divided
5. Shareholder E) a holder of one or more shares in a company
6. security F) someone who buys and sells things such as shares in companies or
foreign money for other people
Make management expressions by pairing the words in column B with ones from column A.
Then decide which of the verbs on the right you would use with the noun phrases you have
identified.
A B VERBS
1. cash flow a. goods I. show
2. stock b. costs II. make
3. book c. policy III. understand
4. work d. forecast IV. provide
5. pricing e. in progress V. maintain
6. opportunity f. keeping VI. invest in
7. capital g. control VII. determine
8.
From The Language of Business accounting-banking-finance-Niculescu (coord.), Ed. Fundatiei Romania
de Maine, 2006, p.84-85
Business writing
Match the beginnings of each sentence with the correct ending:
1. Thank you a) for not replying to your letter before.
2. I apologise b) on helping you to prepare the report.
3. I insist c) to seeing you soon.
4. They succeeded d) in getting everything ready on time.
5. We look forward e) for sending the documents.
3
9. From Contabilitate, Baze si proceduri, Ed. fundatiei Romania de Maine, Cicilia Ionescu, 2007, p. 93-
Principii prevzute de norma SSAP 2 i Legea Societilor Comerciale (CA). and from Essential English
for Business and Finance Students, Niculescu, Editura Universitara, Bucuresti, 2014, p. 68.
Match the following basic accounting concepts with their Romanian equivalent:
1 Principiul continuitatii activitatii.
2 Principiul permanentei metodelor
3 Principiul prudentei.
4 Principiul independentei exercitiului si conectarea / corelarea cheltuielilor cu veniturile
5 Principiul importantei relative ( principiul pragului de semnificatie)
a) matching concept
b) materiality concept
c) consistency concept
d) prudence concept
e) going concern concept
Match the verbs on the left with the nouns on the right to form common banking
collocations:
1. purchase a. bills
2. open b. funds
3. earn c. an account
4. make d. a deposit
5. withdraw e. financial data
6. pay f. goods
7. transfer g. cash
8. download h. Interest
Match the words on the left with their definition on the right
4
10. retail banking j) a person to whom money is paid or is to be paid, especially the person to
whom a cheque is made payable.
11. deposit account k) a deficit in a bank account caused by drawing more money than the
account holds
12. joint account l) a bank dealing in commercial loans and investment
11. From The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei
Romania de Maine, 2006, p.168
Bank and finance terminology
Fill in the blanks
Choose the right word from the list to complete each sentence.
(overdraft facility, loans, bonds, standing order, pension)
5
6. If the government lowers interest rates f) people are more productive
1. From The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei
Romania de Maine, 2006, p.35
Speaking
Match each comment with a suitable reply:
1.Weve just won that large contract with ISI a. Good luck!
2. Here, let me pay. b. Its a pleasure.
3. Our sales manager is in hospital. c. No, please, I insist. Dinner is on me.
4. Its not good news. They say they might have to d. What a pity! Lovely to see you anyway.
make me redundant
5. Im just off to my interview. e. Congratulations!
6. Im so sorry were late. f. No, not at all.
7. Do have a seat. g. I am sorry. Bad luck!
8. Would you mind waiting for a moment? h. Thats all right. We havent started yet.
9. Thank you very much. i. Thank you.
10. Its been a lovely party but Im afraid I must be j. Oh dear! Nothing serious I hope.
going.
3. MULTIPLE CHOICE
12. From The language of Business: accounting-banking -finance, Niculescu (2006), Ed. Fundatiei Romania
de Maine, p. 100-104- and from Essential English for Business and Finance Students, Niculescu, Editura
Universitara, Bucuresti, 2014, p. 119-130-Banking.
Bank terminology
The dollar, the euro and the yen are all
a. funds
b. wages
c. monies
d. currencies
13. From The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed.Fundatiei
Romania de Maine-2006, p.16-22 and 76-80
The functions of recruitment and selection are typically performed by which department of an organization
a. Administration
b. Marketing
c. Human resources
d. Production
14. From The Language of Business: accounting-banking-finance, Niculescu (coord), Ed. Fundatiei
Romania de Maine, 2006, p.111-115 and from Essential English for Business and Finance Students,
Niculescu, Editura Universitara, Bucuresti, 2014, p. 83-101.
Accounting terminology:
The opposite of accounts receivable is...
a. Current Liabilities
b. Long Term Debt
c. Notes Payable
d. Accounts Payable
Select the synonym(s) of revenue
a. Earnings
b. Debit
c. Assets
d. income
15. From The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed. Fundatiei
Romania de Maine-2006, p.159-164 and from Essential English for Business and Finance Students,
Niculescu, Editura Universitara, Bucuresti, 2014, p. 137-148-Financial Management.
6
Financial management terms
Which one of the following would be classed as a source of long-term funds for a company?
a. An issue of ordinary shares
b. Trade creditors
c. Bank overdraft
d. Factoring
e. Hire Purchase
16. From Grammar section: The Language of Business : Accounting-Banking-Finance, Niculescu (coord.),
Ed. Fundatiei Romania de Maine-2006, p. 96-98 and from Essential English for Business and Finance
Students, Niculescu, Editura Universitara, Bucuresti, 2014, p. 73-75.
Grammar: IF clause:
Choose the most appropriate variant:
Unless the company had advertised, it______________market share.
a. would lose
b. lost
c. would have lost
You record how much each of your employees should be paid in the _________account.
a. Employee pay
b. Employer pay
c. Net pay
d. Payroll
e. Standard deduction
17. From : The Language of Business : Accounting-Banking-Finance, Niculescu (coord), 2006, Ed. Fundatiei
Romania de Maine, p. 86: and from Essential English for Business and Finance Students, Niculescu,
Editura Universitara, Bucuresti, 2014, p. 19.
Common parts of a standard business letter
2. From The Language of Business: accounting-banking-finance, Niculescu (2006), Ed. Fundatiei Romania
de Maine p.25-26
What are the possible opposites of the words hard, high and good in these phrases?
a. Hard exam
b. High price
c. Hard drugs
d. Good performance
7
c. manager
d. clerk
e. profit
19. From : The Language of Business: accounting-banking-finance, Niculescu (2006), Ed. Fundaiei Romania
de Maine, Financial terms, p. 140
Choose the correct word to finish the phrase or question
a. I haven't got enough money for lunch. Could you borrow/lend me some?
b. How much does she earn/gain in her position?
c. It was a very good dinner. Can we have the account/bill please?
d. We expect prices to raise / rise by at least 4 percent.
e. We only exchange goods if you produce a receipt / recipe.
f. He's an excellent doctor, but he doesn't charge/spend too much.
20. Reading comprehension: problem solving
Juan works 8 hours and receives $4.75 per hour and Mary works 24 hours and receives a total of
8
$180.
Which of the following CANNOT be derived from the above statement?
a. Juans total wages
b. Marys wage per hour
c. The difference between the amount Juan receives and the amount Mary receives
d. The hours Mary worked each day
21. From The Language of Business: accounting-banking-finance, Niculescu (2006), Ed. Fundatiei Romania
de Maine, p.23
If you leave a company because you want to , you
a. resignate b. rescind c. resign
22. From The Language of Business: accounting-banking-finance, Niculescu (2006), Ed. Fundatiei Romania
de Maine, p.141
Understanding business idioms in news stories:
Below is a heading from newspaper reports on the business environment. Choose the best
explanation of the keywords from a ) b) c) or d)
BRD bank writes off RON 2 million in bad debts:
To write off debts means:
a. get the money back from creditors
b. demand the money back immediately
c. forget the money, since the loans are not going to be paid back
d. write a cheque covering debts
9
26. From Grammar section, The Language of Business, accounting-banking -finance, Niculescu (2006), Ed.
Fundatiei Romania de Maine,p.100 - 105 and from Essential English for Business and Finance Students,
Niculescu, Editura Universitara, Bucuresti, 2014, p. 146-148
Grammar-Passive voice
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 !!!))
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).
27. From The Language of Business: accounting-banking-finance, Niculescu (coord.), 2006, Ed.
Spiru Haret, p.16: Jobs: and from Essential English for Business and Finance Students, Niculescu,
Editura Universitara, Bucuresti, 2014, p. 9-24.
Employment in which the employee works the full number of hours defined as such by his/her
employer is called____________EMPLOYMENT.-(scrieti 2 cuvinte cu un singur spatiu intre ele!!).
28. from Essential English for Business and Finance Students, Niculescu, Editura Universitara, Bucuresti,
1.
2.
2014, p. 71-72 and 103.
.
ff
The terms profit, earnings and income all have the same meaning. They are the difference between
the __________ of an accounting period and the______________ of that period.
A debt with a bank arising from drawing more from an account than the account holds, is called ___
The pay earned by hourly-paid employees is usually referred to as ______(un singur cuvnt-la pl.)
Unmanufactured material, material from which something is or may be made is called ______
3. (from course no. 2 Basic economic concepts)
In a free market economy the price is determined by__________ and __________
29. From -Grammar section, The Language of Business, accounting-banking -finance, Niculescu (2006), Ed.
Fundatiei Romania de Maine,p.127-128
Fill in the blanks with the verb given in brackets.
10
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,
Aneta Carp
Chief accountant
31. From Grammar section: The language of Business: accounting-banking -finance, Niculescu (2006), Ed.
Fundatiei Romania de Maine, p. 119-121 and from Essential English for Business and Finance Students,
Niculescu, Editura Universitara, Bucuresti, 2014, p. 127-130
Grammar : Subjunctive
Insert the correct form of the verb in brackets:
Romanian people demand that the troops _________(to be) withdrawn.
It is essential that we (to do) something about it as soon as possible.
32. From - The Language of Business : Accounting-Banking-Finance, Niculescu (coord.), Ed. Fundatiei
Romania de Maine-2006, p.112 and from Essential English for Business and Finance Students,
Niculescu, Editura Universitara, Bucuresti, 2014, p. 65-72 and 103-117
Basic accounting terms
The double entry bookkeeping system records at least one __________ and one _______for each
transaction
Fill in the blanks with an appropriate phrasal verb from those given in the brackets. Change the
grammatical form of the verbs where necessary.
(mark down; lay off; buy out; write down)
a. The new management team wanted to _______ the smaller interest owners but the Board of
Directors rejected the proposal.
b. These leather shoes were really a bargain! The store ____them __ by 50%!
c. Sales have been so poor this year that we will have to ____ some of our staff.
d. After reviewing its books, Telekom said that it would ____ the value of its assets by 50 million.
5. Numeric response
Nine hundred head of cattle must be transported from Constanta to Bucharest. If each cattle car
can hold a maximum of 80 head, what is the least number of cattle cars required to transport all
the cattle?
CRISTAL S.A. is selling at a 30% discount off its sticker price. Its sticker price is $8000. What is
its new selling price?
CEC-Bank pays 8% annual interest. Alpha Bank pays 12% annual interest. What would be the
difference in the amount of simple interest earned over three years on 1200 if it were invested in
Alpha Bank instead of in CEC-Bank.
a) 48 b ) 144 c) 432 d) 480 e) 960
Teme de casa
Rezolvarea tuturor exerciiilor din urmatoarele manuale:
The Language of Business: accounting-banking- finance, 2006, Niculescu (coord.), Editura
Fundaiei Romnia de Mine;
Essential English for Business and Finance Students , 2014, Niculescu, Editura Universitara,
Bucuresti
11