bài test của tiếng anh học phần 4, Essays (university) of Business English

Download bài test của tiếng anh học phần 4 and more Essays (university) Business English in PDF only on Docsity! University of Economics, HCMC Paper Code: SAMPLE TEST HP4 School of Foreign Languages for Economics EXAM IN ENGLISH FOR BUSINESS STUDIES (70 minutes) SECTION 1: Vocabulary and Structure (30 marks, 1 mark/answer) Make the best choice 1. The power of money has become __________ in today’s business world, which can unfortunately contribute to unethical decisions. A. pervading B. pervasive C. pervaded D. pervasion 2. The __________ strategy was to target the heads of the household as they had the final say on where the disposable income would be spent. A. promotional B. promoting C. promoted D. promotive 3. To __________ is to make a deal between different parties where each party reduces demands or changes their opinions in order to agree. A. deal with B. confront C. complain D. compromise 4. People in __________ cultures are good at changing plans. A. multi-active B. reactive C. linear-active D. collective 5. It’s not fair to make __________ out of loans to poor students. A. changes B. profits C. efforts D. messes 6. The President has accused two cabinet ministers of working secretly to ________ his position. A. undermine B. undergo C. undertake D. underlie 7. A person such as an employee, customer or citizen who is involved with an organization, society, etc. and therefore has responsibilities towards it and an interest in its success is a(n) __________ . A. account holder B. shareholder C. stockholder D. stakeholder 8. A __________ is an amount of a company’s profits that is paid to people who own shares in the company. A. loan B. mortgage C. dividend D. surplus 9. __________ is the process of designing the products or services to benefit a local market while at the same time developing and distributing them on a global level. A. Globalization B. Localization C. Glocalization D. Grobalization 10. He was employed to __________ the computerization of records. A. integrate B. motivate C. supervise D. achieve 11. __________ is the extra money that you pay if you have borrowed money, or the extra money that you receive if you have money in some types of bank account. A. Investment B. Intangible C. Interest D. Income 12. _____________ is the difference between the funds a country receives and those it pays for all international transactions A. Balance sheet B. Balance of payments C. Balance of trade D. Balance outstanding 13. It is difficult to __________ the success of the campaign at this stage. A. measure B. allocate C. include D. classify 14. __________ is the process of dividing a broad consumer or business market, normally consisting of existing and potential customers, into sub-groups of consumers based on some type of shared characteristics. A. Market expansion B. Market segmentation C. Market penetration D. Market promotion 15. All the companies or individuals (‘middlemen’) involved in moving goods or services from producers to consumers are called _______________ . A. vehicles B. distribution couriers C. transportations D. distribution channels 16. __________ is a marketing process that showcases the differences between products. A. Product variation B. Product marketing C. Product differentiation D. Product segmentation 17. Some car manufacturers, food retailers and department stores now offer products like personal loans, credit cards and insurance. Technically these are not banks but __________. A. credit crunch B. non-bank financial intermediaries C. traditional investment funds D. stockbroking management services 18. __________ are private investment funds for wealthy investors that use a variety of risky investing strategies than traditional investment funds, in order to achieve higher returns. A. Non-bank financial intermediaries B. Hedge funds C. Stockbrokers D. Conglomerates 19. More resources are being __________ to the project. A. divided B. separated C. allocated D. conformed 20. __________ is a strategy for setting a low price to try to sell a large volume and increase market share of a particular product or service. A. Market penetration strategy B. Market development strategy C. Product development strategy D. Product expansion strategy 21. __________ measures the responsiveness of the quantity demanded or supplied of a good to a change in its price. A. Price differentiation B. Price response C. Price elasticity D. Price adaptivity 22. At the _________, prices may have to be reduced because competitors are established in the market, but companies try to defend their market share while also maximizing profit. A. introduction stage B. growth stage C. maturity stage D. decline stage 23. A statement showing the value of a business’s assets, its liabilities, and its capital or shareholders’ equity is called a(n)__________ A. income statement B. cash flow statement C. balance sheet D. financial record 24. The _________ account shows if a company is receiving more money than it’s spending. A. profit and expense B. profit and loss C. profit and share D. profit and fund 25. LeoStone PLC has declared __________ after a year of heavy pre-tax losses. A. bankruptcy B. dividend C. equity D. recession 26. __________ free trade is potentially hostile to environmental concerns and may put human health and safety at risk. A. Unfettered B. Restricted C. Limited D. Definite 27. DVP has cut its __________ to 2 USD per share after two years of declines in annual turnover. A. dividend B. turnover C. sample D. distribution 28. Hoang Yen group, a restaurant & buffet chain, is suffering in the current __________ because consumers are spending less money going out. A. recession B. annual turnover C. bankruptcy D. placement 29. A __________ is a country or place that has a low rate of tax so that people choose to live there or register companies there in order to avoid paying higher tax in their own countries. A. money launderer B. tax harbour C. tax haven D. tax evasion 30. __________ is comprised of all capital contributed to the company including paid-in capital and retained earnings. A. Shareholders’ equity B. Shareholders’ dividend C. Stocks D. Liability SECTION 2: Reading Cloze (20 marks, 2 marks/answer) Fill in each blank with one suitable word/phrase. You don’t need to use all the words provided statistical features conditions statements agency shareholders motivation individual communication strategy external balance One of the most important (31) ________________ in any business is communication. Good communications are required at all stages of the business process. Businesses employ, and are owned and run by, various groups of people. Workers, directors and (32) ________________ are three important groups closely involved with a business. Other influential groups include customers, suppliers and the government. Communication takes place between these groups and the individuals who make up the groups. Within individual companies, internal communications occur at, and between the various levels. Directors communicate with one another concerning the company’s overall (33) ________________. They inform managers of their plans, and the managers then communicate with the other employees. Negotiations are conducted concerning pay and working (34) ________________. Managers communicate decisions and orders and try to improve morale and (35) ________________ through good communication. Employees also communicate with each other, for example over production and wages. (36) ____________ communication occurs when a company’s directors or employees communicate with those individuals and groups who deal with the company. Shareholders receive copies of the company’s financial (37) ________________ together with the reports of the Chairman and Directors. Government departments require (38) ________________ and financial information from the company. An adveritising (39) ________________ is consulted about the company’s advertising policies. Customers need to know if goods have not been despatched and suppliers KEY SECTION 1 01. B pervasive 02. A. promotional 03. D compromise 04. A multi-active 05. B. profits 06. A undermine 07. D. stakeholder 08. C. dividend 09. C glocalization 10. C. supervise 11. C. interest 12. B balance of payments 13. A. measure 14. B. market segmentation 15. D. distribution channels 16. C. product differentiation 17. B. non-bank financial intermediaries 18. B hedge funds 19. C. allocated 20. A. market penetration 21. C. price elasticity 22. C maturity stage 23. C. balance sheet 24. B. profit and loss 25. A bankruptcy 26. A. unfettered 27. A dividend 28. A recession 29. C tax havens 30. A. Shareholders’ equity SECTION 2 31. features 32. shareholders 33. strategy 34. conditions 35. motivation 36. external 37. statements 38. statistical 39. agency 40. communication SECTION 3 41. TRUE 42. FALSE 43. TRUE 44. A 45. C 46. a downturn 47. industry 48. governments or central banks 49. consumption 50. demand 51. fiscal policy 52. money supply 53. tax 54. monetary 55. upturn/upswing/boom SECTION 4 56. loans 57. collateral 58. management 59. distributing 60. diversified 61. scalable 62. conventional 63. purpose 64. microcredit 65. positive AUDIO SCRIPTS ... Microfinance schemes started with several NGOs and social enterprises, for example Grameen Bank in Bangladesh. They distribute very small loans to poor people, often without financial collateral. But they use some kind of different collateral, sometimes it can be social collateral, so they create a group of people and within the group, people help each other to repay the loan, but it’s usually a very small amount of money, and from the bank’s point of view it actually provides a unique risk-management tool. Of course, distributing loans to poor people sounds very risky, but because we are talking about a large number of people, with a very small amount of money, it actually creates a very nice portfolio in which the risk can be diversified. NGOs and social enterprises proved that these kinds of schemes can be scalable, and the poor people are actually repaying the loans, so now the conventional banks like Citibank and Barclays are taking part in these schemes , not for the purpose of doing good only, they are actually doing it as part of their business. They are developing their microfinancing and microcredit products in developing countries. It seems that microfinance is doing really well particularly in Bangladesh and part of India, and there are some positive cases in Latin America and Africa too.