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II. Decide whether the following statements are a) true, b) false or c) information is not available in the text:

  1. You should calculate risks to help your business grow.

  2. Internal finance methods are always sufficient.

  3. Short-term capital needs to be repaid over a short period of time.

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III. Match the words (1-10) with their definitions (a-j):

1. achieve success

2. stock inventory

3. annual turnover

4. asset sale

5. business opportunity

6. self-employed

7. expenditure

8. expense

9. saturation

10. competitor

a) the percentage rate at which a mutual fund or exchange traded fund replaces its investment holdings on an annual basis

b) successfully finish or do something you wanted to do, especially after a lot of effort

c) control that is used to show how much stock you have at any one time, and how you keep track of it

d) working for yourself instead of for an employer and paid directly by the people who you provide a product or service to

e) sale of receivables and other loans to a third party

f) a packaged business investment that allows the buyer to begin a business

g) an amount of money that you spend in order to buy or do something

h) a person, team, company etc that is competing with another

i) the total amount of money that a government, organization, or person spends during a particular period of time

j) a situation in which something is so full of a particular type of thing that nothing more can be added

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IV. Complete the sentences (1- 10) with the words (a-l). There are two extra words:

a. subordinates

b. account

c. communications

d. hierarchical

e. interest

f. position

g. finance

h. investment

i. secondary

j. leadership

k. responsible

l. owners

1. Effective ……….. is crucial for the success of business.

2. There must be very good ………… between all members of the team.

3. Businesses have a …………… or pyramidal structure.

4. The ………… of small firms want to keep as much control over their business

as possible.

5. All the people in the organization know who their immediate ……………. .

6. Companies ……….. most of their activities by way of internally generated

cash flow.

7. Businesses generally use an ………….. bank to issue their bonds.

8. Bonds are saleable instruments that can be traded on the ………. bond market.

9. Any area of investment that promises growth is going to spark more than a little

…………… .

10. Emerging markets today ………… for one third of economic activity

worldwide.

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