money

VOCABULARY

A/

1.relocate.

2. Decentralized

3. deregulate

4. Relaunch .

5. Downsize

6. Retrain

7. Redevelop

8. Upgrade

B/

1.d

2.b

3.b

4.c

5.a

6.d

7.c

8.a

9.a

10.b

11.d

LANGUAGE REVIEW
A/

2.met

3.were.
4.went.

5. Recovered

6. Happened.

7.had rejected

8. Looked.

9. He is dropping out

10. Have been.

11. Changed

12. Quitted.

13. Have been.

14. Have started

15. Took up

B/

The incorrect answers are :

2. Over the last few years.

3. In 2002.

4.yet.

5.yet

6. For the past three years

WRITING
A/

2. Requesting

3. Offering

4. Informing

5. Apologising

6. Suggestion
B/

2.d

3.f

4.e

5.b

6.a

C/

2. In order to

3. Appropriate to

4.so that.

5. Aware of

6. Decisions

D/

1. Days….day

2. Are…is

3.not…no.

4.has…have.

5.greater…better.

6. Them…their.

7. Peoples…. People

8. Offered….offer.

9.works…work.

10. Where…when

LANGUAGE WORK

1/
1. The wrong word

2.to work.
3. To decide

4. To do

5. To pay

6.to invoice

2/
1.d

2.a

3.e

4.b

5.f

6.c

LANGUAGE REVIEW
A/

1.to go down

2.to rise…to fall

3.to increase….to decrease

4. Soar… plummet

5.double… halve

B/

3. i.t

4. i

5. i.t

6. i.t

7. t

8. i

9. i

10. i
C/

2. Dramatically.

3. Gradually.

4. Sharply.

5. Significantly

6. Slightly .

7. Steadily.

8. substantially.

D/

1. Exports fell dramatically.

2. Taxes will rise substantially.

3. Number of people out of work risen steadily.

4.have production declined significantly ?

5. There will be a slight fall in domestic demand.

6.there was a gradual growth in profit.

7. There has been a sharp drop in orders Activities

1.1/
1 .social security/salary

2 .earn/commision

3 .bonus

4. mortgage

5. currency

6 .overtime

7. tax

8 .rent

9 .pension
1.2/
1. false

2. true

3 .false

4 .true

5 .false

2/
1. image not clear and corrupted

3.1 /
1. bookkeeping

2. external auditing

3 .CEO

4 .accounting

5 audit committee

3.2 /
1 .c/2

2. e/3

3. a/4

4.b/5

5.d /3

3.3 /
1.audit : examining;

2. looking for errors ;

3.examines ;

4. prevent;

5. recording ;

6.presenting accounts transactions : record ;

7.debit ;

8. credit rule : set ;

9.standards : established;

10.apply ;

11.use ;

12. give true fair view

4.1/
credit: 4

ledger: 2

debit: 1

creditors: 6

stock: 5

debtors 3

4.2/
1. Double-entry bookkeeping/account/debit

2. day books /journals

3. nominal ledgers/bought ledger

4. trial balance

4.3/
1. debit

2 .debit

3 .debit credit

4. credit debit

5.1/
1. false A company has a separate legal existence from its owners, the shareholders

2. false The owners are not fully liable for – or responsible for – the business’s debts. They liability is
limited to the value of their share capital
3 .true Managers and executive directors run the company for its owners

4 .true Non-executive directors are often more objective

5. false Partners are fully liable or responsible for any debts the business has 5 false Partnerships
are not legal entities, so in case of a legal action, it is the individuals partners and not the partnership
that is taken to court

5.2/
1. audit committee

2 .Non e̶ xecutive directors

3 .Share capital

4 .Limited liability

5 .Corporate governance

5.3 /
a. Memorandum

b .registered office

c .purpose d authorized share capital