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    Unit 4 - Unit Quiz

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    halam29051997
    The document contains exercises to test understanding of financial vocabulary. Exercise 1 has sentences to complete using accounting terms related to a company failing to meet loan obligations. Exercise 2 matches parts of sentences to make complete sentences about tax and investigations. Exercise 3 chooses synonyms for financial terms.

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    Unit 4 - Unit Quiz

    Uploaded by

    halam29051997
    30 views4 pages
    The document contains exercises to test understanding of financial vocabulary. Exercise 1 has sentences to complete using accounting terms related to a company failing to meet loan obligations. Exercise 2 matches parts of sentences to make complete sentences about tax and investigations. Exercise 3 chooses synonyms for financial terms.

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    UNIT 4_UNIT QUIZ

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    The document contains exercises to test understanding of financial vocabulary. Exercise 1 has sentences to complete using accounting terms related to a company failing to meet loan obligations. Exercise 2 matches parts of sentences to make complete sentences about tax and investigations. Exercise 3 chooses synonyms for financial terms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    30 views4 pages

    Unit 4 - Unit Quiz

    Uploaded by

    halam29051997
    The document contains exercises to test understanding of financial vocabulary. Exercise 1 has sentences to complete using accounting terms related to a company failing to meet loan obligations. Exercise 2 matches parts of sentences to make complete sentences about tax and investigations. Exercise 3 chooses synonyms for financial terms.

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    © All Rights Reserved
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    Download as pdf or txt
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    UNIT 4. QUIZ.

    Financial vocabulary exercises

    Exercise 1.

    Follow the story about Murray PLC in the following sentences and
    complete them with the most suitable accounting term a-c (based on
    the context).

    • Murray PLC is in the news today because it has failed to meet its
    ______________ in respect to its borrowings from Nateast Bank.
    a. Covenants b. Credit rating c. Tax Return

    • Murray PLC has gone into___________ in respect to the $4 million bank


    loan it took out last year to buy new properties.
    a. Interest b. Arrears c. Bonds

    • The total__________________ to Nateast Bank now stands at $26 million


    and Murray PLC is struggling to make the payments.
    a. Capital Gains b. Gearing ratio c. Indebtedness

    • Analysts say that the________________ of the company has been getting


    worse for a couple of years.
    a. Bonds b. Gearing Ratio c. Pension Scheme

    • In addition, it has been noticed that the_______________ paid each year to


    shareholders have been falling for the last 4 years.
    a. Arrears b. Principal c. Dividends
    • And there is no doubt that the ___________________of the company is now
    very weak.
    a. Credit Rating b. Blue Chip c. Patents

    • The biggest part of the indebtedness to Nateast is a 25 year___________ in


    respect of its borrowings in 2014 to build its head office at a cost of $10
    million.
    a. Annuity b. Reserves c. Mortgage

    • Perhaps Nateast Bank should have done better_______________ when it


    lent so much money to Murray PLC.
    a. Due Diligence b. Market Capitalisation c. Share options

    • As a result of all this, the share price is falling and the ___________________
    of Murray has fallen by 40% to $8 million.
    a. Tax evasion b. Market Capitalisation c. Tax haven

    • Whilst Murray PLC has always been considered to be a _______________


    company, that is certainly no longer the case.
    a. Blue chip b. Due diligence c. Bonds

    Exercise 2.

    Match parts 1-5 with a-e to make complete sentences.

    1. We sold that property at a huge profit so

    2. The company is being investigated by the police so

    3. The company’s head office is in the Cayman Islands which

    4. Tax avoidance is legal whereas


    5. The company is trying to turn its defined benefit pension scheme into

    a. tax evasion is illegal.

    b. we’ll have a big Capital Gains tax bill.

    c. is undoubtedly considered to be a tax haven.

    d. a defined contribution pension scheme.

    e. the shares have been suspended.

    Exercise 3.

    Choose the correct synonym a-c for each financial term.

    1. To fail to meet a covenant.


    a. breach b. mount c. hide

    2. They are late paying their bank loan.


    a. Blue chip b. in arrears c. principal

    3. A mortgage
    a. a long-term property loan. b. Assets c. Fixed Assets

    4. A recovery
    a. A slump. b. a recession c. a rally

    5. My tax bill is due


    a. payable. b. ready c. early

    6. He exercised the share option.


    a. refused b. took up. c. lent
    7. There are 1000 shares in issue.
    a. waiting. b. missing c. in existence

    8. You can buy and sell shares at the stock market.


    a. trade. b. leave c. hide

    9. Net book value (NBV)


    a. total value. b. carrying value c. trade value

    10. I drew £6,000 from the company last month.


    a. took. b. spent c. wrote

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