Table of Contents:
- Financial Administration
- Exercise 1: True/False Statements
- Exercise 2: Gap Filling
- Exercise 5: Exposed Cloze
- Exercise 6: Cloze
- Exercise 7: True/False Statements
- Exercise 9: Multiple Choice Questions
- Exercise 10: Cloze
- Exercise 11: Selections
- Exercise 14: Selections
- Exercise 15: Selections
- Exercise 16: Exposed Cloze
- Exercise 18: True/False Statements
- Exercise 20: Multiple Choice Questions
- Exercise 21: Exposed Cloze
- Exercise 23: Cloze
Financial Administration
Exercise 11: Selections
- Fixed assets and liquid assets are the two different types of assets.
- Fixed assets cannot be sold if they are needed for production.
- Liquid assets are cash in hand or in the bank and things like cheques that can be turned into cash.
- Depreciation is an accounting process applied to fixed assets.
- A machine with a life of 5 years costing 10,000 euros would be written off, i.e. depreciated, as a cost of 2,000 euros per year.
Exercise 15: Selections
- Insolvency and bankruptcy are similar but there is a legal difference.
- If you sell a lot and the customers take a long time to pay you may have a cash-flow problem.
- Efficient financial management is the key to controlling credit.
- It’s a question of skilful management.
- If you make the customer pay up front you risk losing their goodwill.
Exercise 20: Multiple Choice Questions
- somebody who writes in a newspaper about other people’s personal lives and affairs
- photographers who follow famous people hoping to get a photo they can sell
- a famous singer
- someone who has died
- a loan for the value of a property like a house
- to pay the full amount of a financial obligation
- to plan or invent a way of doing something
- to drop suddenly in value
- money and other possessions, assets
- to obliterate