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Business English Exercises
 

Budgeting

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Home > Teaching Business English > Business English Lessons, Advanced Level # 72
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Budgeting is a combination of mathematics and guesswork: some factors are precisely known, while others are less clear.

Correct answer: (b) factors

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Every company should prepare a complete budget and constantly monitor its performance against that budget.

Correct answer: (d) monitor

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Any variation from a budget should be investigated and explained, and prompt action should be taken to correct any problems.

Correct answer: (d) prompt

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When you have set a budget, you should stick to it as much as possible, but revise it when necessary.

Correct answer: (c) stick

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501 Business English Exercises — Printable, photocopiable.
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Budgeting itself can help a company reduce costs, because every item in it must be justified beforehand.

Correct answer: (b) justified

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The wrong way to prepare a budget is to simply include everything at last year's level plus annual inflation.

Correct answer: (c) inflation

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Focus first on the largest costs, since they should have the greatest potential for reduction.

Correct answer: (b) potential

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Do not overestimate the projected sales for the budget period.

Correct answer: (d) projected

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Creating a(n) cash flow forecast requires estimating the expected monthly expenditures and matching those against the likely monthly income.

Correct answer: (a) cash flow

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Many companies maintain a rolling budget, so that they are continually budgeting for this time next year.

Correct answer: (c) rolling

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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
You will be exposed to a wealth of authentic sample sentences that include a great variety of themes. This compact Business English Test Package is the only printable English test collection currently available on the Internet. It contains 501 Business English Exercises (10 questions per test plus answer keys).  Get your unique Business English Practice Exercises now!

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