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Business English Exercises
 

Merit Raises

Answers to test questions and links to explanations

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merit raises answer 1
The University of Washington has agreed to shell out $17.45 million in back pay to faculty members who did not receive a merit raise four years ago.

Correct answer: (a) back

Meaning of business term back
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merit raises, question 1 merit raises, international business management, what does back mean? what is the definition for back?

501 Business English Exercises — Printable, photocopiable.
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 gre question: on the day of the test Ask a Teacher
merit raises answer 2
On January, 1, 2002, Matlock, Inc. issued its 10 percent bonds in the face amount of $1,500,000, maturing on January 1, 2012.; the bonds were issued for $1,329,000 to yield 12 percent, resulting in a bond discount of $171,000.

Correct answer: (a) discount

Meaning of business term discount
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merit raises, question 2 about business management, what does discount mean? what is the definition for discount?

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merit raises answer 3
Essentially, callable bonds represent a normal bond, but with an embedded option that is implicitly sold to the issuer by the investor and entitles the issuer to retire the bonds after a certain point in time; this option introduces uncertainty to the lifespan of the bond.

Correct answer: (a) callable

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merit raises, question 3 property management business, what does callable mean? what is the definition for callable?

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 gre question: on the day of the test Ask a Teacher
merit raises answer 4
Deutsche Bank takes charge-offs based on Credit Risk Management's assessment when it determines that the loans are uncollectible, considering information such as the occurrence of significant changes in the borrower's financial position or the insufficiency of the proceeds from collateral to pay the loan.

Correct answer: (a) charge-offs

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merit raises, question 4 virtual business management, what does charge-offs mean? what is the definition for charge-offs?

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merit raises answer 5
The Royal Bank of Scotland has led the landmark 125 million sterling index-linked bond issue for Tescol; RBS Financial Markets was the sole bookrunner for the Tesco deal, which mirrors closely the maturity and interest rate payments of the Treasury 2.5% 2016 gilt.

Correct answer: (b) linked

Meaning of business term linked
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merit raises, question 5 business change management, what does linked mean? what is the definition for linked?

 gre question: on the day of the test what is factor conditions?
merit raises answer 6
The TFCS provides on-line access to the FRCS, enabling payments to mortgagees to be made to financial institutions that have access to the FRCS; the payment can also be made to financial institutions that do not have access to the FRCS through correspondent financial institutions or Federal Banks.

Correct answer: (b) correspondent

Meaning of business term correspondent
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merit raises, question 6 merit raises, business rule management, what does correspondent mean? what is the definition for correspondent?

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merit raises answer 7
Accumulated earnings tax is an additional tax on earnings that a business holds in an attempt to avoid the higher income taxes the owners would be subject to if the earnings were paid out to them as dividends.

Correct answer: (a) Accumulated

Meaning of business term Accumulated
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merit raises, question 7 sports business management, what does accumulated mean? what is the definition for accumulated?

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merit raises answer 8
The Senate Finance Committee Chairman, Charles Grassley, who is a Republican Senator from Iowa, said that they are passing the huge increase in the national debt limit because "It is necessary to preserve the full faith and credit of the federal government".

Correct answer: (b) full

Meaning of business term full
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merit raises, question 8 bachelor of business management, what does full mean? what is the definition for full?

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merit raises answer 9
A significant difference between silver and gold is that silver has underperformed relative to gold so far this year; the silver chart looks 'uglier' than the gold chart right now, and with a series of lower highs and a trendline break, the downside risk is as obvious as the Marquis de Sade's nose.

Correct answer: (b) downside

Meaning of business term downside
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merit raises, question 9 business management notes, what does downside mean? what is the definition for downside?

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merit raises answer 10
If you are trying to decide whether to buy a corporate bond paying an annual coupon interest of 8% or a municipal bond paying an annual coupon interest of 5%, how do you decide? — you must calculate an equivalent taxable yield.

Correct answer: (d) yield

Meaning of business term yield
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merit raises, question 10 dealer business management, what does yield mean? what is the definition for yield?

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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.
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