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Business English Exercises
 

Personal Possessions

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 398
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personal possessions answer 1
Almost everything you own and use for personal or investment purposes is a capital asset; examples are your home, household furnishings, and stocks or bonds held in your personal account.

Correct answer: (a) capital

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personal possessions, question 1 personal possessions, business english examination, what does capital mean? what is the definition for capital?

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personal possessions answer 2
The subprime meltdown has been in full swing ever since February 7th 2007, when HSBC (HBC) raised subprime loan loss reserves by 20% and New Century (NEW) announced a net loss for 4Q06 and an accounting probe to determine how big that loss was.

Correct answer: (c) meltdown

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personal possessions, question 2 financial glossary, what does meltdown mean? what is the definition for meltdown?

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personal possessions answer 3
Like many small business owners, you may find that it's too expensive to pay an accountant to do routine bookkeeping chores; someone in your organization must take on the responsibility of keeping an accurate set of financial records.

Correct answer: (c) bookkeeping

Meaning of business term bookkeeping
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personal possessions, question 3 financial terminology, what does bookkeeping mean? what is the definition for bookkeeping?

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personal possessions answer 4
These are all cases of the movement of goods irrespective of international sales and purchases, though the movements themselves appear in the international records of imports and exports, and therefore it seems to be assumed, though without any warrant, in the international records of the balance of trade.

Correct answer: (b) balance

Meaning of business term balance
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personal possessions, question 4 accounting terminology liability, qqq, subchapter, actuals, what does balance mean?

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personal possessions answer 5
The value of landscape trees, used for many architectural, engineering, climatic and aesthetic purposes, is normally greater than the dollar value of the marketable wood they contain, and a realistic appraisal of landscape trees is often required to settle legal disputes, damage claims or casualty loss.

Correct answer: (a) appraisal

Meaning of business term appraisal
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personal possessions, question 5 list of bonds words coupon, slander, debit, eviction, what does appraisal mean?

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personal possessions answer 6
While there are a number of markets that are used for trading stocks, the actual market is concerned with buying and selling tangible goods, and may involve such diverse types of products as crude oil and related products, computer supplies such as memory chips, or basic foods such as grains, sugars, or produce.

Correct answer: (a) actual

Meaning of business term actual
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personal possessions, question 6 personal possessions, lending credit vocab liquidity, appraisers, furthest, mutual, involuntary, what does

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personal possessions answer 7
Subchapter M is that portion of the IRS regulations dealing with the conduit theory, in which investment companies and real estate investment trusts avoid double taxation by passing interest and dividend income and capital gains directly through, without taxation, to shareholders, who are taxed as individuals.

Correct answer: (c) Subchapter

Meaning of business term Subchapter
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personal possessions, question 7 mergers acquisitions words plaguing, coalesced, constitutes, what does subchapter mean?

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personal possessions answer 8
The Public Securities Association was the trade association for primary dealers in US government securities, including MBSs; in 1997, they became known as the Bond Market Association.

Correct answer: (c) Public

Meaning of business term Public
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personal possessions, question 8 mutual funds terms ravages, pervasive, up, waged, primacy, what does public mean?

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personal possessions answer 9
Until Limited Liability Companies came on the scene, businesspersons (other than sole proprietors) had a choice of business entity generally only of corporations or partnerships, involving a tradeoff between limitations on the liability of the owners for debts of the business and tax savings through a single tax on income.

Correct answer: (b) Limited

Meaning of business term Limited
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personal possessions, question 9 real estate words pivotal, ferocity, array, peer, what does limited mean? what is the definition for limited?

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personal possessions answer 10
Normally, applying for and receiving a Federal ID Number through the mail takes six to eight weeks, but with online application, your information is e-filed instantly with IRS when you complete the online application form; they will save this information and immediately assign the number to your business.

Correct answer: (a) ID

Meaning of business term ID
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personal possessions, question 10 retirement words perish, inseparable, ownership, deterioration, what does id mean?

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EFL/ESL Links: The GATT System • Brokerages term concerted, enshrined, quilt, conviction, abrogated • The GATT System (Answers) • Mutual funds terms ravages, pervasive, up, waged, primacy • Gray Market Goods • Ipos terminology alleged, facie, burden, held, before • Gray Market Goods (Answers) • Mergers acquisitions words plaguing, coalesced, constitutes • SLR • Law estate terms spreads, story, direct, final, rate lock • SLR (Answers) • Lending credit vocab liquidity, appraisers, furthest, mutual, involuntary • Fixed-income Investments • Currency vocab indexed, prime, hit, due bill, commitment • Fixed-income Investments (Answers) • List of bonds words coupon, slander, debit, eviction • Personal Guarantees • Banking term list confidence, civilian, capital, restricted • Personal Guarantees (Answers) • Accounting terminology liability, qqq, subchapter, actuals • Useful Life • Financial vocabulary • Useful Life (Answers) • Financial terminology • Natural Resources • Financial terms • Natural Resources (Answers) • Financial glossary • ESL test: Personal Possessions • Business resources worksheets • ESL Audio Online - English MP3 - English Pronunciation
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