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Business English Exercises
 

Current Assets

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 324
Trading Authorization business test printable business worksheets The FRB

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current assets answer 1
A final liquidity ratio, the defensive interval, determines how long a company would be able draw on quick assets to meet its day to day expenses; this can be especially useful when evaluating small technology companies or biotechnology companies that may have strong patents but no significant revenue as yet.

Correct answer: (a) quick

Meaning of business term quick
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current assets answer 2
A contract cannot be rescinded by one party unless both parties can be placed in the same situation and can stand upon the same terms as existed when the contract was made; the most obvious instance of this rule is where one party (by taking possession, etc) has received a benefit from the contract.

Correct answer: (b) rescinded

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current assets answer 3
A property can have multiple loans or liens against it; the loan which is registered with county or city registry first is called the first position trust deed, and the lien registered second is called the second mortgage.

Correct answer: (b) mortgage

Meaning of business term mortgage
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current assets answer 4
Chartists evolve rules that depend on technical market indicators only; in contrast, fundamentalists evolve rules that only take fundamental indicators into account.

Correct answer: (a) Chartists

Meaning of business term Chartists
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current assets answer 5
A Section 408(k) Plan, available only to companies with 25 or fewer employees, permits a maximum contribution of the lesser of 15% of compensation or $30,000, and employees have the option of taking the employer contribution in cash, but must then pay income tax on it.

Correct answer: (d) 408(k)

Meaning of business term 408(k)
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current assets answer 6
A digested security is one held by an investor who is likely to hang onto it for a long time.

Correct answer: (c) A digested

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current assets answer 7
With the sale of Chrysler complete, DaimlerChrysler will change its stock symbol on Frankfurt and New York exchanges this week; starting Thursday, the automaker's stock ticker will be changed from DCX to DAI on the DAX-30 index of companies in Frankfurt and on the New York Stock Exchange.

Correct answer: (d) symbol

Meaning of business term symbol
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current assets answer 8
The first tax roll prepared for the territory bears the date of October 6, 1800, and the names of only twelve taxable dwellers within the Holland Purchase appear on it; the hamlet cannot have been of much consequence to the collector of taxes, for the total amount he could collect there under that assessment was $4.55.

Correct answer: (d) roll

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current assets answer 9
The cost of equity capital decreases because of globalization for two important reasons: first, the expected return that investors require to invest in equity to compensate them for the risk they bear generally falls, and second, the agency costs that make it harder and more expensive for firms to raise funds become less important.

Correct answer: (a) capital

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current assets answer 10
Option grants usually have vesting periods; companies usually set a three to five year period, which means that a grant of 3,000 options with a three year period will give you the right to purchase a thousand shares of the company's stock over each of the next three consecutive years.

Correct answer: (d) vesting

Meaning of business term vesting
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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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