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English Grammar Exercises
 

Corporate Culture (1)

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Home > Free English Tests for ESL/EFL > English Language Proficiency Test, Advanced Level # 112
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The company celebrated because they have been in business for a century. A century is 100 years.

Correct answer: (a) 100 years

Meaning of "100 years"
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Large companies usually put a lot of money and time into market research in order to gain an accurate understanding about the location, size and makeup of a particular market.

Correct answer: (a) market research

Meaning of "market research"
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The explanation that the managers gave for the loss was a complete fabrication. A fabrication is a lie.

Correct answer: (d) a lie

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The painting in my manager's office is priceless. If something is priceless, it has immense value.

Correct answer: (c) has immense value

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The writer always ensures that all of his stories are authentic. If something is authentic, it is real or genuine.

Correct answer: (b) real or genuine

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Downsizing refers to extensive staff cuts in order to reduce costs. In other words, when companies need or want to save money, they will lay off many employees to do so.

Correct answer: (b) Downsizing

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The bottom line in any given company is derived from a profit-and-loss statement and refers to a bottom figure that measures profits.

Correct answer: (b) bottom line

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When a company tries to recover its expenses, the company charges higher prices in an attempt to get back or recuperate its increased manufacturing or supplier costs.

Correct answer: (b) recover

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All of the employees began to disperse once the press conference came to a close. Disperse means to scatter.

Correct answer: (a) scatter

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Prior to the Internet, large telephone companies had a competitive advantage over smaller communication companies because they owned most of the telephone line infrastructure. Now, Internet capabilities have changed all that.

Correct answer: (b) advantage

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