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Questions and Answers
What is the role of a CEO in a company?
What is the term for the total income of a company?
What does the idiomatic expression 'to break even' mean?
What is the term for the chain of supply?
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Which of the following verb tenses is used to describe experiences or recent actions?
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What is the term for the debts or obligations of a company?
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What is the correct structure of a formal email?
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Which of the following modal verbs is used to express permission?
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Which of the following prepositions is used to indicate a specific time?
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What is the primary purpose of analyzing economic articles?
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What is the correct structure of a business report?
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Which of the following skills is essential for understanding written texts?
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What is the primary purpose of listening to conversations and speeches in a business context?
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Study Notes
Business English Vocabulary
- Revenue: Total income of a company.
- Profit: Net gain after subtracting expenses.
- Loss: Financial loss.
- Assets: Resources owned by the company.
- Liabilities: Debts or obligations of the company.
- Equity: Net worth of the company.
- CEO: Chief Executive Officer, general director.
- Manager: Head of a department or area.
- Stakeholder: Interested party (e.g., investors, employees).
- Market share: Market quota.
- Supply chain: Chain of supply.
- "To break even": Reach the breakeven point.
- "To corner the market": Dominate the market.
- "To go the extra mile": Make an extra effort.
Grammar and Structure
- Verb Tenses:
- Present simple: Daily uses, e.g., "He works every day."
- Present continuous: Ongoing actions, e.g., "He is working now."
- Past simple: Completed actions, e.g., "He worked yesterday."
- Past continuous: Ongoing actions in the past, e.g., "He was working when I called."
- Present perfect: Experiences or recent actions, e.g., "He has worked here since 2010."
- Future tenses: Plans and predictions, e.g., "He will work tomorrow," "He is going to work next week."
- Forming Questions and Negatives:
- Questions: "Do you work here?"
- Negatives: "He doesn’t work here."
- Using Modals:
- Ability and possibility: Can, Could
- Permission: May, Might
- Obligation and necessity: Must, Have to
- Advice: Should
- Comparatives and Superlatives:
- Comparatives: "More efficient"
- Superlatives: "The most efficient"
- Prepositions of Time and Place:
- At for times: "at 5 PM"
- On for days: "on Monday"
- In for months and years: "in 2020"
Writing Skills
- Writing Formal Emails:
- Structure: Greeting, Body, Closing
- Example: "Dear Mr.Smith, I am writing to inform you..."
- Writing Business Reports:
- Structure: Introduction, Findings, Conclusion, Recommendations
- Preparing Presentations:
- Structure: Introduction, Main Points, Conclusion
- Business Letters:
- Types: Inquiry, Offer, Complaint
- Example Phrases: "We are pleased to offer you..."
Reading Comprehension
- Analyzing Economic Articles:
- Identifying main ideas and supporting details
- Understanding Business Documents:
- Interpreting charts, graphs, and financial statements
- Summarizing Complex Texts:
- Summarizing key points clearly and concisely
Listening and Speaking
- Listening to Conversations and Speeches in a Business Context:
- Practice with business podcasts and recorded meetings
- Role-Play Exercises:
- Simulations of meetings, negotiations, and job interviews
- Oral Presentations on Economic Topics:
- Structuring a business presentation: Introduction, Data, Conclusion
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Description
Test your knowledge of common business English terms, including financial concepts, corporate roles, and industry jargon.