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Business English Exercises
 

Business buzzwords: Israeli scientists

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Home > Teaching Business English > Business English Lessons, Advanced Level # 171
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Imclone, the company best known for the insider-trading scandal that sent founder Samuel Waksal and domestic diva Martha Stewart to prison, received more bad news this week when a U.S. judge ruled that the patent for its only product was actually owned by three Israeli scientists.

Correct answer: (b) Imclone

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Today's stock market scandals are different because the main victims today are Main Street investors — everyone from parents saving for their children's college education to the firefighter saving for retirement to the elderly who don't have time to rebuild their nest egg.

Correct answer: (c) Main Street

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In another move towards making itself a financial center, north China's port city of Tianjin has applied to the State Council to establish an over-the-counter market rather than a third stock exchange for the Chinese mainland.

Correct answer: (d) over-the-counter

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501 Business English Exercises — Printable, photocopiable.
For use in a classroom, at home, on your PC or anywhere.

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From 1989, more share-buying opportunities were made available to the British public as a number of financial institutions demutualised; these windfall shares' for members of the societies offered instant cash or the opportunity to continue as a part owner of the newly public entity.

Correct answer: (d) windfall

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Builders slammed on the brakes in August as housing starts sank to their lowest level in more than three years, and a drop in permits signaled more weakness ahead for the real estate market.

Correct answer: (d) starts

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Broker-dealers impliedly represent that they will deal fairly with their customers, and therefore unfair dealing is a breach of this implied representation and a violation of the antifraud provisions; this representation arises from the mere act of hanging up a sign and going into business, and therefore it is known as the 'shingle theory'.

Correct answer: (b) shingle

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Nasdaq data indicate that 94% of the share volume from 4:00 p.m. to 4:15 p.m. resulted from after-hours transactions rather than runoff from the regular trading session.

Correct answer: (b) runoff

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WPP CEO Sir Martin Sorrell has accused Rupert Murdoch of panic-buying internet companies because of falling ad revenues; he said it was intriguing to speculate why Mr Murdoch launched a multimillion-dollar internet shopping spree, and accused him of buying web operations willy-nilly.

Correct answer: (b) panic-buying

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A third of first-time home buyers may cut their offer at the last minute, forcing the seller to take less or find a new buyer; "In total, 31% would consider 'gazundering', reflecting first-time buyers' new-found confidence in a slowing market," says a Yorkshire Bank.

Correct answer: (d) gazundering

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When Seagate Technology went public, the giant drivemaker took an important stand: unlike most initial public offerings, it declined to offer any friends-and-family shares, the coveted shares issuers and their bankers can quietly offer to whomever they choose.

Correct answer: (a) friends-and-family

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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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