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Business English Exercises
 

Personal Possessions

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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

Meaning of business term 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

Meaning of business term 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 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 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 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 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 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 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 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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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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