Business Terms Quiz

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Questions and Answers

What is the term for a document that details a company's earnings and expenditures?

Bill

Budget

Boost

Balance sheet (correct)

Which word correctly completes the sentence: 'I __________ you the document with the information requested in this email.'?

attach (correct)

apply

fix

What is defined as 'an amount of money that you pay to do something, to use something, or to get a service'?

Fee (correct)

Profit

Lease

Discount

What does the term 'peak' refer to in the context of the business cycle?

Peak Signup and view all the answers

What correct form should complete the sentence: 'I __________ at 7 o’clock every day.'?

wake up Signup and view all the answers

Which verb correctly completes the statement about boiling water: 'If water __________ 100 degrees, it boils.'?

reaches Signup and view all the answers

How to __________ and run a company in order to be successful?

set up Signup and view all the answers

What is the name of a diagram showing the structure and relationships within an organization?

Organogram Signup and view all the answers

What is the correct transformation of 'They eat a lot of apples' in passive voice?

A lot of apples are eaten Signup and view all the answers

Which sentence is the correct reported speech for: 'I worked all day'?

He said that he had worked all day Signup and view all the answers

If I had drunk coffee last night, I __________ well.

wouldn’t have slept Signup and view all the answers

What is the term used for the money needed to pay workers in a company?

Labour costs Signup and view all the answers

How is the correct form of the verb in the sentence: 'Martha and her friends __________ their homework right now'?

are doing Signup and view all the answers

Choose the correct phrase: Brenda __________ her presentation yet.

hasn’t done Signup and view all the answers

What is the correct future intention in the statement: 'I think I __________ a drink'?

am going to buy Signup and view all the answers

Which choice correctly transforms 'He said: “I will buy a book tomorrow”' into reported speech?

He said that he would buy a book the next day Signup and view all the answers

How would you change 'Helen had organized a conference' into passive voice?

A conference had been organized by Helen Signup and view all the answers

Which option is the correct form for: 'When I got home yesterday, Linda __________'?

had already left Signup and view all the answers

Select the appropriate form for expressing a duration: 'She __________ in Dublin for 3 years, but now she is living in Madrid.'

had been living Signup and view all the answers

What is the comparative form of 'intelligent' used in the sentence: 'Who is the __________ person in your company?'

most intelligent Signup and view all the answers

Which sentence correctly expresses a future event: 'Next year, at this time I __________ to Perú.'

will be travelling Signup and view all the answers

In what way can you express permission to do something: 'Students __________ borrow up to 4 books at any time.'?

are allowed to Signup and view all the answers

A document that shows what a company has earned and what it has spent.

Balance sheet Signup and view all the answers

Study Notes

Vocabulary and Concepts

A document that details a company's income and expenses is a Budget.
To include a document in an email is to attach it.
A fee is a monetary charge for a service or the use of something.
The peak of the business cycle represents maximum output in an economy.

Grammar Focus

The correct form of "I __________ at 7 o’clock every day" is wake up.
In the context of boiling water, use reaches when referring to 100 degrees.
To offer assistance, say "I will help you with it.”
Stock refers to all goods available in a shop.
To describe starting a business, use the phrase set up.

Sentence Structures

Use the phrase "If I __________ you, I would hurry up" with the word were for correct conditional form.
To express improbability, "Lisa might work for this company" is more accurate than other options.
Future perfect construction can be expressed with "I will have been working in London for 3 years by 2020."

Statements and Reported Speech

For reporting speech, convert "He said: 'I worked all day'" to "He said that he had worked all day."
Conditional sentences can be formed as "If I had drunk coffee last night, I wouldn’t have slept well."

Financial and Economic Terms

Labour costs signify the total needed to compensate workers in an organization.
Wholesaler is a person or company that sells goods in bulk to retailers at low prices.

Tenses and Verb Forms

Present continuous for current activities is shown as "Martha and her friends are doing their homework right now."
Use the past perfect "Linda had already left" to describe events prior to another past action.
"I was using my pen a minute ago" indicates past continuous action.

Comparisons and Superlatives

To compare two items, say "Peter’s project is better than Martin’s project."
The most intelligent person denotes the highest level of intelligence in comparison.

Using "must" indicates necessity, as in "He must deliver the letters."
Should implies advisability, while can represents possibility, such as "I can eat a horse!"

Passive Voice

Convert active to passive voice: "This photo was taken by Leslie yesterday."

Future and Conditional Clauses

For future travel, say "Next year, at this time I will be travelling to Peru."

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Description

Test your knowledge on essential business terminology with this quiz. Choose the correct option for each question related to finance and business concepts. Perfect for students or anyone looking to brush up on business vocabulary.