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Business English Exercises
 

Corporate Credit Cards

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Home > Teaching Business English > Business English Lessons, Advanced Level # 299
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corporate credit cards question 1
Vincent Eavis explains that corporate payment card usage can be divided, but not limited, into two distinct categories: general business travel and entertainment activities (T&E cards) and business ......... activities (purchasing or p-cards).


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

 'plans have been drawn up' means 'plans have been created'? Ask a Teacher
corporate credit cards question 2
T&E spending varies according to a business's needs, whereas the proportion of purchasing that is now done on p-cards rather than by traditional ......... payment methods is continuously increasing.


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 'plans have been drawn up' means 'plans have been created'? Ask a Teacher
corporate credit cards question 3
T&E expenses comprise the second largest controllable expense item for companies after salaries, consuming approximately 50 to 80 basis ......... of a company's revenues.


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 'plans have been drawn up' means 'plans have been created'? Ask a Teacher
corporate credit cards question 4
For T&E cards, the balance must be ......... in full upon presentation of the statement, or within certain defined payment terms, typically around 25 days beyond statement date.


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 'plans have been drawn up' means 'plans have been created'? Ask a Teacher
corporate credit cards question 5
This means no money is made on ......... interest as with the consumer credit card model.


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 'plans have been drawn up' means 'plans have been created'? Ask a Teacher
corporate credit cards question 6
These cards tend to be for travel and entertainment expenses such as air travel, hotels, rail, car hire and restaurants; the company ......... card payments on behalf of the individual cardholder, which is known as corporate liability.


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 'plans have been drawn up' means 'plans have been created'? Ask a Teacher
corporate credit cards question 7
There are also mid-way solutions such as joint and ......... liability, where both parties (company and individual) can be liable.


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 'plans have been drawn up' means 'plans have been created'? Ask a Teacher
corporate credit cards question 8
Typically, since corporate T&E cards are for business expenses, the preferred option to enable control should be corporate liability: the further liability extends to the individual, the less the company is going to be able to exert control and thereby ......... the potential benefits.


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 'plans have been drawn up' means 'plans have been created'? Ask a Teacher
corporate credit cards question 9
P-cards are never paid ......... an individual's bank account.


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 'plans have been drawn up' means 'plans have been created'? Ask a Teacher
corporate credit cards question 10
P-cards can eliminate several steps in the purchase-to-order process, and this eliminates the purchase order paper ........., which can save costs of anywhere from 60 to 100 per transaction.


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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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