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Business English Exercises
 

Debt Reduction

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Home > Teaching Business English > Business English Lessons, Advanced Level # 284
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Finance Minister Paul Martin announced today that the federal government reduced its debt by $17.1 billion in 2000-01, the largest debt paydown in history by a Canadian government.

Correct answer: (d) paydown

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If dividends are not paid within the specified period, then before the company pays off its common shareholders, it shall have to distribute the accumulated dividend to the preference shareholders.

Correct answer: (b) accumulated

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The quality spread between corporate bonds and U.S. treasury bonds increased from 1.09 percent (Aaa-rated bonds) and 1.69 (Baa-rated bonds) in July 1998 to 1.84 percent (Aaa) and 2.65 percent (Baa) in October 1998.

Correct answer: (b) quality

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501 Business English Exercises — Printable, photocopiable.
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A writ of replevin shall issue only upon court order on motion of a party claiming the right to possession of chattels; such order may be entered by the court only after it finds that the party in possession appears about to abscond or about to destroy, secrete or otherwise dispose of the chattels.

Correct answer: (d) replevin

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The US Bureau of Economic Analysis dished out some discouraging news recently, saying that Americans had a negative savings rate of 0.5 percent for 2005, the first time that's happened since the Great Depression; our saving habits have been doing a gradual slide since May 1985 when we saved 11.1 percent of our disposable income.

Correct answer: (d) rate

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Employee stock purchase plans can be a good deal for those who participate; like incentive stock options, they can make it possible for you to buy stock at a bargain price without reporting income until you sell the stock.

Correct answer: (b) plans

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Are you taking advantage of all the tax benefits Uncle Sam has to offer? — the goal of tax planning is to help you minimize your federal income tax liability as much as you are allowed by tax law.

Correct answer: (c) planning

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In Ontario, land transfer tax is imposed on the acquisition of an interest in land by registered conveyance or unregistered disposition; the tax is calculated on the value of the consideration for the transfer, sometimes deemed to be the fair market value of the land.

Correct answer: (d) transfer

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The verbatim report of the debate in Congregation on 10 March on the general resolution concerning the Report of the Commission of Inquiry is set out herein: "MR VICE-CHANCELLOR: Before we begin the debate, I should express on behalf of Congregation our gratitude to..."

Correct answer: (d) verbatim

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It appears that the US federal annual $10,000 gift-tax exclusion will finally increase to $11,000 in 2002, and anyone who has an estate vulnerable to estate taxes or who is funding high-cost college expenses should consider use of this benefit.

Correct answer: (b) exclusion

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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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