Fill the sentence. Is the person who directs, supervises and operates a business

3 KURS 2 VARIANT 6 SEMESTR

1. Which of the following is not a level of trade proficiency?

a) apprentice b) master c) foreman d) senior
2. It is necessary to keep accurate business records
a) for tax purposes b) to determine business size c) to determine d) for getting more profit
3. The fastest growing type of business is
a) manufacturing b) farming c) franchising d) fishing
4. Regulations are necessary because they
a) help politically powerful big business b) make business practices more equitable and fair.
c) give government officials power d) create jobs
5. Which one of the following is a distributive kind of business?
a) radio station b) advertising agency c) canning factory d) warehouse
6. Which of the following products can be sold in vending machines?
a) hot soup and sandwiches b) stockings c) insurance policies d) all of these
7. Which of the following is a repair business that services businesses?
a) watchmaker b) TV repair shop c) office machine repair d) dentist
8. Which of the following is not a financial business?
a) credit union b) insurance company c) investment bank d) company that prints paper money
9. An advantage of small businesses over big businesses is that the small businesses
a) are more flexible b) have fewer problems c) are less regulated d) are all of the above
10. When business owners pay their bills early, they are usually entitled to a
a) dividend b) profit c) cash discount d) gift
11. When business owners purchase large quantities of goods from a seller, they are usually entitled to a
a) trade discount b) cash discount c) markdown d) dividend
12. The form used to record daily transactions is called
a) ledger b) daily records c) balance sheet d) journal
13. The purpose of the balance sheet is to
a) give a clear financial picture of the business b) attract investors
c) avoid paying taxes d) meet federal regulations
14. The total earnings due to an employee who is paid hourly wages is called
a) net wages b) gross wages c) take-home pay d) overtime pay
15. Which one of the following is not a financial record?
a) operations statement b) dossier c) balance sheet d) time card
16. It's up to the accountant to ... the various financial statements.
a) interpret b) intercept c) invent d) translate
17. The bookkeeper keeps a record of every financial... .
a) Action b) transaction c) entry d) transcription
18. One ... of the invoice goes to the customer, another copy goes to Sales and we keep the other one here in Accounts
a) Photocopy b) issue c) top copy d) account
19. We send a ... to customers who haven't settled their accounts.
a) reminder b) remainder c) remembrance d) memory
20. This company has a weekly ... of about $100 000.
a) pay b) payroll c) salary d) wage
21. Do they have enough working ... to keep trading?
a) Capital b) expenses c) accounts d) currency
22. Such items as buildings and machinery are known as ... assets,
a) Current b) hidden c) fixed d) liquid
23. When elected representatives of employees meet with representatives of management to work out an agreement, they are engaged in
a) collective bargaining b) arbitration c) mediation d) negotiation
24 .Personnel management is actually the proper and intelligent handling of
a)people b) personnel c) personal problems d) workers
25. One advantage of the sole proprietorship form of business organization is that
a) it is easy to raise capital b) it has unlimited liability c) there is limited life of the business
d) there is no sharing of profit
26. The legal form of business organization that has only one owner is known as
a) sole proprietorship c b) a cooperative c) a partnership d) a stock company
27. One advantage of the corporate form of business organization is that
a) the number of government regulations is small b) there is unlimited liability
c) there is easy transfer of ownership d) taxes are low
28. One disadvantage of the corporate form of business ownership is that
a) it has limited liability b) it has unlimited existence c) it requires a sharing of responsibility
d) it must comply with a number of government regulations
29. A corporation that sells stock to the public is known as a
a) private corporation b) government corporation c) public corporation d) nonprofit corporation
30. A law firm might easily be organized as a
a) partnership b) sole proprietorship c) corporation d) private corporation

3-variant

1. The most common form of business organization for a small business is

a) the corporation b) the sole proprietorship c) the cooperative d) the partnership
2. When designing an advertising layout, you should use
a) large headlines since big print is easy to read b) as many ideas as possible since space is expensive
c) a series of elements which draw attention to a regular pattern
d) startling proportions so that the advertising attract attention
3. Which one of the following departments usually has the responsibility in a company for the development of a favourable community image for the business?
a) the advertising department b) the personnel department
c) the public relations department d) the purchasing department
4. One way to cut down on advertising expense and still reach customers is to
a) join a merchants association which shares the cost of advertising
b) take advantage of cash credits given by manufacturers for giving premium space for their products
c) advertise national brands in local papers where an allowance is provided by the national company
d) to take advantage of all of these opportunities
5. Which one of the following elements of an advertising layout would be a problem for you if you could not draw or sketch?
a) headline b) illustration c) copy d) media
6. When selecting a location for a business, it is important
a) to purchase the property b) to lease the property
c) to rent or buy the property to obtain a specific site d) to compare buildings and property for sale or rent
7. The aim of a good self-service layout should be
a) customer convenience b) the elimination of stockroom space
c) stocking merchandise d) appearance
8. Which one of the following stores would find the self-service type of layout most convenient?
a) jewelry store b) supermarket c) shoe store d) fish market
9. A good store layout will
a) save money b) need good aisle displays c) save space d) do all of these
10. We suggest you the high quality product, which is not expensive ____________.
a) to discount b) to buy c) invent d) to get
11. If after six months a business shows no profit, it will probably
a) fail b) require a partner c) succeed d) sell at a profit
12. The ability of a business to buy goods and services when needed with a promise to pay later for the goods and services is called
a) capacity b) capital c) credit d) income
13. The factory workers are _____ strike because they want more money.
a) In b) on c) out d) of
14. Thousands of people are _____ work in this town. It’s really difficult to get a job.
a) In b) on c) out of d) of
15. Tom’s just _____ to the area manager of Eastern Europe.
a) Promoted b) been promoted c) promoted d) to promote
16. When you try and get a job, you usually have to complete a/an_____ form.
a) Resignation b) resume c) application d) retirement
17. When you want to leave a job, you have to give your _____ .
a) Resignation b) Resume c) career d) retirement
18. You can often find about a new job by a/an _____ in a newspaper.
a) News b) completion c) sensation d) advertisement
19. Every year we make a ____________ to a well-known wildlife association.
a) Supplement b) order c) contribution d) transfer money
20. The credit _____________ which they suggested can't be accepted. They seem to be tough.
a) Terms b) problems c) conditions d) loans
21. The amount of money in a bank account at a particular time is called ____________.
a) share b) debit c) balance d) credit
22. If the situation does not improve significantly next year, the bank _______ to consider closing some of its branches.
a) will have b) had c) would have d) would have had
23. They recovered with a 10% ____________ in sales.
a) More b) decrease c) fall d) increase
24. If they company had lowered the prices of hotels and restaurants earlier, perhaps this _____________ more visitors.
a) would have encouraged b) encourage c) would encourage d) will encourage
25. Our current company product is no longer enough to ___________ us a competitive advantage.
a) Promise b) supply c) maintain d) assure
26. People buy ______________ to protect themselves against the losses that may result from an accident or catastrophe.
a) Insurance b) guarantee c) obligation d) share
27. To protect itself, the company can pay a _____________ to an insurance company that will undertake the risk or guarantee to provide financial compensation if some disaster occurs.
a) Premium b) invoice c) bill d) cheque
28. At certain times of the year your shares will ......... a good profit but you must also be prepared for them to go down in value.
a) Yield b) take up c) increase d) throw up
29. A corporation that sells stock to the public is known as a
a) private corporation b) government corporation
c) public corporation d) nonprofit corporation
30. An advantage of small businesses over big businesses is that small businesses
a) are more flexible b) have fewer problems c) are less regulated d) are all of the above