business words quiz

8/2/2019 Business Words Quiz

http://slidepdf.com/reader/full/business-words-quiz 1/35

Business words quiz

By Mary Adorjan



Which is the simplest?

• Setting up as a ………. ………… is the simplest

and quickest way to start a business.

a) Public limited company

b) Partnership

c) Sole trader



Which is the simplest?

• Answer:

• Sole trader



Which is the most likely?

• If two or three people own a business and also

share management responsibilities, their form

of business is probably a

a) Public Limited Company

b) Partnership



Which is the most likely?

• Answer:

• Partnership



Which one?

• The difference between the revenues and the

expenses of a business is called ………………

• (if it is a positive amount).

a) Income

b) Profit

c) Lossd) Cost



Which one?

• Answer:

• Profit



What is this place?

• You can buy and sell shares on the …………..



What is this place?

• Answer:

• Stock-exchange



Interest or dividend?

• You had bought some shares of a very

successful company. At the end of the year

the company pays ……………………

a) Dividend

b) Interest



Interest or dividend?

• Answer:

• Dividend



The price of a loan

• You asked for a loan from a bank.

• You received the loan.

•

You have to pay back the amount of the loanand some …………………………



The price of a loan

• Answer:

• Interest



Good news

• You put your savings in a bank. You did not

touch it for a year. Now the bank pays you

………………………….



Good news

• Answer:

• Interest



So what’s the difference between

• dividend and interest?

• Answer:

•

Dividend is connected to shares of a company.• Interest is connected to bank loans or savings.



Mortgage loan

• Which is a possible

collateral (=guarantee)

for your mortgage

loan?

a) Your house

b) Your sister

c) Your credit card



Mortgage loan

• Answer:

• Hopefully your house!



Loan words

• to borrow / to lend / to owe• She ……… ed EUR 2000 from her parents.

• The bank refused to ……… the money to us.

• He still ………s his father EUR 3000.

• debt (C) I need to pay off all my debts. He had run up credit card

debts.

• debt (U) He died heavily in debt .

•

bad debt a debt that is unlinkely to be repaid

• collateral We had put our house up as collateral for our bank

loan.(also: connected with sth/sb else collateral damage )



The owners have unlimited liability.

a) This means that the owners are personally

responsible for any debt or damages the

company caused.

b) This means that the owners are liable only up

to their founding capital for any debt or

damages the company caused.



The owners have unlimited liability.

• Answer:

• a)

• Responsible = liable (adj.)

• Responsibility = liability (noun)



Investor? Investment? Investigator?

• If you start your business your first ………….s

might be your friends or family members.



Investor? Investment? Investigator?

• Answer:

• investors



Franchise

• Opening a franchise isusually less risky /more risky thansetting up as an

independent retailer.The franchisee isadopting a provenbusiness model and

selling a well-knownproduct in a new localbranch.



Price of the product or service

Customer willingness to pay (WTP)

• When is a customer willing to pay a high

price?

• Low demand/ big supply OR

• high demand / short supply?• very high quality

• special treatment of costumer

• established brand



These products are all

• established ………………s.



These products are all

• established brands



In these countries there are

Microsoft’s ….

a) Parent companies

b) Subsidiaries

c) Family companies



In these countries there are

Microsoft’s subsidiaries.

a) Parent companies

b) Subsidiaries

c) Family companies



These two companies are ………….



These two companies are competitors.



What will happen to the company?

• If the cost of production is high, but revenues

are small…



What will happen to the company?

• If the cost of production is high, but revenues

are small…

• Answer:

• It will probably go bankrupt.

business words quiz

Documents