Unit Test 6 Answer all thirty questions. There is one mark per question.
VOCABULARY: FINANCIAL TERMS 1 Complete this report with the terms from the box. bankruptcy / debt / dividend / earnings per share / forecast / investment / pre-tax profits / profit margin / recession / shares Overall, it has not been a particularly good year for Bornan Engineering. (1)_______________ are up by only €1.5 million, and the (2)_______________ for the next quarter is rather gloomy. However, despite the effects of the global (3)_______________, the (4)_______________ have increased to €0.56, from €0.49 last year. The meeting of shareholders has approved the payment of a total (5)_______________ of €0.12 per share. We do not plan to issue new (6)_______________ in the immediate future as we have decided to halt our expansion in Central Asia. However, we shall continue to increase our (7)_______________ in plant and equipment in all our markets. Our performance in Slovenia has improved significantly owing to two factors. Firstly, our biggest competitor went into (8)_______________. Secondly, as a result of using a new distributor, our costs fell, giving us a (9)_______________ of 30 percent on our main product line. We will use any extra cash to reduce the level of our (10)_______________.
LANGUAGE REVIEW: DESCRIBING TRENDS 2 Study the sales figures in the box. Then write one word in each space to complete the report below. The first letter is given. SALES (in $) JAN
FEB
MARCH
APRIL
MAY
JUNE
JULY AUG
12m
8.5m
10.8m
11m
10.9m
11.5m
16.7m 18.4m
In January, sales (11) s_______________ at $12m and then (12) f_______________ to $8.5m the next month, when they hit their lowest (13) p_______________ in the first half year. Sales (14) r_______________ to $10.8m in March and then (15) f_______________ between $11m and $11.5m in the period April – June. This was followed by a (16) d_______________ increase in July, when sales jumped (17) f_______________ $11.5m to $16.7m. The recovery continued in August, when sales (18) r_______________ a (19) p_______________ of $18.4m.
Like in preceding years, we expect sales to (20) l_______________ off in the next two months, after which they will probably decline gradually over the autumn and winter months.
SKILLS: DEALING WITH FIGURES 3 Write the underlined numbers in these sentences in words or as numbers. For example:
21
They acquired Santol in 1999.
nineteen ninety-nine
Food prices increased by three percent.
3%
A third of the population lives near the poverty line. ____________________
22
About 3/4 of the shareholders agreed. ____________________
23
Inflation is up by only 0.28%. ____________________
24
They cost ¥380 each. ____________________
25
Five hundred and fifteen people visited the trade show yesterday. ____________________
26
Profit increased by 18.5%. ____________________
27
They lost one million three hundred and seventy-five thousand euros. ____________________
28
Their debts amount to $3.5bn. ____________________
29
They’ve postponed the project till 2015. ____________________
