Welcome to your Test Your English for Finance Name Email 1. Choose the best word or phrase to complete the gap. You can set up a ______ online to pay your insurance, TV licence, utility bills and much more. direct deduction direct order direct debit None 2. Choose the best word or phrase to complete the gap. The primary aim of our financial management is to ______ liquidity in the company at a level that is adequate to meet our obligations. maintain manufacture make None 3. Choose the best word or phrase to complete the gap. They want to ______ the loan from the existing properties they own. protect secure safeguard None 4. Choose the best word or phrase to complete the gap. If we need to ______ capital and are not successful in doing so, we will have to consider other options. raise rise rose None 5. Choose the best word or phrase to complete the gap. An auditor's job is to investigate company accounts to check if they are true and ______. actual accurate accountable None 6. Choose the best word or phrase to complete the gap. Depending on the size of the overdraft ______, the bank may require the SME to provide some security. overdraft faculty overdraft facility overdue facility None 7. Choose the best word or phrase to complete the gap. A banker's reference is a report issued by a bank stating the ______ of a particular customer. wealth creditworthiness ranking None 8. Choose the best word or phrase to complete the gap. The acronym IFRS stands for: International Fiscal Reporting Standards International Financial Reporting Standards International Fiscal Reviewing Standards None 9. Choose the best word or phrase to complete the gap. We have ______ the figures by sector for easier analysis. broken down brought down blown down None 10. Choose the best word or phrase to complete the gap. If you would like to ______ travel expenses, please complete and return this form, along with any tickets or receipts, to us. claim demand request None 11. Choose the best word or phrase to complete the gap. The country is facing a serious ______ problem, as export figures so far in the current fiscal year have been overestimated by $3 billion. balance of power balance of import balance of trade None 12. Choose the best word or phrase to complete the gap. ______ markets won't recover in the short term. Emerging Urging Emergency None 13. Please choose the correct answer. If demand for a product is buoyant, it is: at a low level at a high level unsatisfactory None 14. Please choose the correct answer. If someone uses a technique of hedging, they want to: reduce investment risk acquire new property avoid tax None 15. Choose the best word or phrase to complete the gap. Always make sure you are able to ______ all your liabilities. compile complete cover None 16. Choose the best word or phrase to complete the gap. Don't ______ your credit. overdone overdo overextend None 17. Please choose the correct answer. In accounting, the term associated with estimated, predetermined costs is: projected costs standard costs forecast costs None 18. Please choose the correct answer. If a company is a going concern, it: has gone bankrupt has resources needed to operate under inspection None 19. Choose the best word or phrase to complete the gap. He hasn't made any insurance claims for a year, so he has earned a ______. no-claims bonus no-claims addition no-claims benefit None 20. Please choose the correct answer. The term we use for situations when the service or contract terms are carried out first and then the payment is made is: payment in advance payment in arrears payment in instalments None 21. Choose the best word or phrase to complete the gap. Our profits in the ______ have been slightly higher. average whole aggregate None 22. Choose the best word or phrase to complete the gap. Managers often attempt to plan for any ______ that they feel may occur with any significant likelihood. contingencies predicaments vicisstudes None 23. Choose the best word or phrase to complete the gap. Pension income is normally ______ to ensure that its purchasing power is not eroded by inflation. index linked index limited index connected None 24. Choose the best word or phrase to complete the gap. The building is insured ______ £100,000. for at on None 25. Choose the best word or phrase to complete the gap. A small business owner has to know the difference between ______ and capital allowances. appreciation depreciation validation None 26. Please choose the correct answer. If an employer reimburses an employee for all or part of his or her health insurance premiums, the employer asks the employee to pay the money back refuses to pay the money pays the money back to the employee None 27. Please choose the correct answer. An industry or a business process which requires substantial amounts of money or other financial resources to produce a good or service is called: capital intensive labour intensive cost effective None 28. Choose the best word or phrase to complete the gap. The euro is currently at 1.30 ______ the dollar. for to against None 29. Choose the best word or phrase to complete the gap. Awards by an employer to an employee from a staff suggestion scheme are generally ______ on condition that the award does not exceed £5,000. tax excluded tax exempt tax evaded None 30. Choose the best word or phrase to complete the gap. ______ is a document that is issued to a customer listing all transactions undertaken over a given period of time. Statement of account State of accounting State of account None 31. Please choose the correct answer. In accounting, the term overheads refers to: profits expenses savings None 1 out of 7 Time's up