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Business English Exercises
 

Useful Life

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Home > Teaching Business English > Business English Lessons, Advanced Level # 401
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The residual value is the sum for which the lessee can purchase the vehicle at the end of its lease term, if s/he decides s/he would like to buy it.

Correct answer: (c) residual

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After deciding what percent of the portfolio to devote to a sector rotation strategy, the investor then identifies the business cycle to target, and once this is accomplished, he determines which companies will benefit from it.

Correct answer: (c) rotation

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A bond agreement may also include a sinking fund provision requiring a company to repay a specific number of bonds in specific years or to retire a portion of a bond issue each year until it has been fully repaid.

Correct answer: (d) sinking

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501 Business English Exercises — Printable, photocopiable.
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Stock traders will frequently choose the simple buy-low-and-sell-high, range-limited approach, but as we attempt to choose the next major bottom or top, we may experience the frustration of our trade being stopped out, while the market continues to slightly new lows or highs.

Correct answer: (c) out

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The manager of a tax-managed fund may intentionally sell some stocks for losses specifically so that these losses can offset future gains or actively sell shares with the highest cost to create as slight a gain as possible — or even a loss.

Correct answer: (d) a tax-managed

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In the administration of estates for private individuals, the trust company has mostly replaced personal attorneys, because it has the advantage of corporate responsibility and continuous life, proper offices, burglar-proof safes, and specialized employees in each department.

Correct answer: (d) trust

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A wage assignment permits your creditor to require that your employer deduct funds from your pay check in order to pay your debt, and because it is a voluntary deduction to which you must agree, it can be enforced without a court ruling.

Correct answer: (a) assignment

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Adjusted Gross Income equals income from taxable sources less allowable adjustments; it is utilized to determine taxable income by deducting personal exemptions plus either itemized or a standard deduction.

Correct answer: (a) Adjusted

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Its Corporate Financing Committee has reviewed all criteria for qualified independent underwriters and recommended certain amendments to the Board of Governors of the NASD, which has approved them.

Correct answer: (c) Financing

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Payroll taxes are garnished under the authority of the Federal Insurance Contributions Act; in the first 1935 legislation, the benefit provisions were listed in Title 2 of this law, and that is why Social Security is sometimes called 'the Title 2 program'.

Correct answer: (a) Insurance

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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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