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Business English Exercises
 

Business Buzzwords: The 'Book'

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Home > Teaching Business English > Business English Lessons, Advanced Level # 230
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On the NYSE and ASE, the specialist determines the opening price by looking at his 'book'; he is supposed to select the one price that clears out the maximum number of orders; i.e. by looking at the buy and sell offers and choosing a single price that will execute the most orders (shares).

Correct answer: (c) opening

Meaning of "opening"
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UBS Warburg strategist George Vasic said conversations with soccer moms are good places to gather anecdotal research; "typically, it's a lagging indicator," he says, "if they're asking me about resource or tech stocks, you know the phenomenon has run its course and has already peaked."

Correct answer: (b) indicator

Meaning of "indicator"
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Traditionally, there is a premium in which the leading television station gains a bigger share of the advertising market than its audience share — hence the name of this effect among media buyers, 'the power ratio'.

Correct answer: (c) ratio

Meaning of "ratio"
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The stock market has done a remarkable swoon, reducing some sectors to 'drill bit' stocks (you know... 3/8, 1/2, 3/4) and it would appear (if you read, watch or listen to much of the media reports) that we are in for even more troubling times.

Correct answer: (a) drill

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501 Business English Exercises — Printable, photocopiable.
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Michael Lee Davis of Plano was convicted Wednesday of felony charges that identified him as the ringleader of a 'clean sheeting' scam that led insurance companies to issue more than $5 million worth of life insurance policies to people with life-threatening illnesses.

Correct answer: (b) sheeting

Meaning of "sheeting"
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Nuclear investigators from the US and other nations now believe that the black market network run by the Pakistani scientist A. Q. Khan was selling not only technology for enriching nuclear fuel, but also some of the darkest of the bomb makers' arts: the engineering secrets needed to fabricate nuclear warheads.

Correct answer: (a) black

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I do have a big problem with the fact that Yahoo! has failed to articulate a clear strategy about how the company will be dominant for years to come independently; doing lots of ankle-biter acquisitions is not a strategy (although I like and use MyBlogLog, Flickr, del.icio.us).

Correct answer: (a) ankle-biter

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To announce that a forex trader wants to buy he/she may say or type 'Mine'; this would also be known as taking the offer.

Correct answer: (d) Mine

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I've been trying to understand why General Motors is so oppressed by legacy costs, and I think I finally have got it: GM, a company with 300,000 employees, is supporting the number of retirees appropriate for a company with a workforce of 800,000, almost triple the size.

Correct answer: (a) legacy

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The tombstone for the Google IPO appeared in 'The Wall Street Journal' on September 15, 2004; it showed an IPO date of August 18, 2004, the day the issue was priced, and a total sale of 22,534,678 Class A shares, somewhat less than the full overallotment would have produced.

Correct answer: (d) tombstone

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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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What are drill-bit stocks?, Why were MyBlogLog, Flickr, del.icio.us ankle-biter aquistions?

 

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