I. Vocabulary

1. Our firm has profited from his ______.

   1. employing (b) employment (c) employee

2. Our manager exercised his ______ influence on the company.

   1. dominance (b) dominant (c) dominated

3. It is risky to ______ for huge profits.

   1. speculators (b) speculative (c) speculate

4. Because this product is very delicate, it must be handled with ______ (a) careful (b) caring (c) care

5. Our firm provides ______ care and life insurance benefits.

   1. healthy (b) healthful (c) health

6. My brother's firm is thinking of ______ their operations into foreign

markets.

1. inflating (b) enhancing (c) expanding

1. During tough negotiations neither side wanted to ______.

   1. give in (b) get by (c) take hold

2. Managing in a multinational ______ forces managers to deal with

unique challenges.

1. environmental (b) environment (c) environmentalist

1. Most workers had little ______ in building houses when they were hired.

   1. experiment (b) experience (c) expert

2. Few people are satisfied ______ the service of this company.

   1. on (b) with (c) at

3. Home buyers usually apply to a building society for a ______.

(a) bond (b) share (c) loan

12. He had graduated from the University and applied ______.positions.

    1. to (b) for (c) on

13. If you disburse money, do you ______.it?

    1. steal (b) refuse (c) pay out

14. Foreign investment is the ownership of ______.abroad.

    1. proposal (b) property (c) propriety several

15. The balance of payments is divided into ______.account and capital account.

    1. currency (b) current (c) currently

16. Their profits have been ______.and they wish to ______.this situation.

(a) decreasing - excuse (b) declining - remedy (c) comfortable -redress

17. If a country exports more than it imports, it has a ______.balance of trade.

    1. favoured (b) favourable (c) favourite

18. A company can ______ in international business through various means.

    1. enfold (b) engage (c) enhance

19. This country has an absolute advantage ______ the marketing of coffee.

    1. of (b)in (c) at

20. In many countries there is resistance ______ foreign direct investment.

    1. of (b) to (c) in

II. Grammar

1. In the nearest future, the company will not allow its employees ______

overtime.

(a) to work (b) work (c) will work

2. A smart consumer gets his or her phone order in writing.

(a) confirming (b) confirmed (c) confirm

3. If taxes ______ we will need to borrow money.

(a) will go up (b) go up (c) have gone up

4. This purchase ______ a poor decision if it had been made for

investment purposes.

(a) would have been (b) would be (c) may be

5. The manager ______ the production levels every day.

(a) is checking (b) checks (c) has checked

6. The sales meeting ______ in Kiev next week.

(a) was held (b) will be held (c) has been held

7. International business ______ in some sense since prehistory.

(a) existed (b) has existed (c) is existing

8. The Internal Revenue Service ______ home equity loans for many

computations.

(a) is used (b) uses (c) use

9. Banks and finance companies ______ years.

(a) are making (b) have been making (c) make

10. Are you really interested in ______ these shares?

(a) buy (b) buying (c) having bought

11. If I ______ in your position I would apply for this job.

(a) am (b) were (c) are

12. Net sales in the current year ______ 10 percent higher than the previous

year.

(a) had been (b) are (c) were

13. We ______ for a new exporter now.

(a) look (b) are looking (c) are being looked

14. The manager is very busy and ______.

(a) so I am (b) so am I (c) nor I am

15. The firm wants its produce ______ safely.

(a)packaging (b) be packaged (c) packaged

16. They said they had the equipment ______ yesterday.

(a) ship (b) shipped (c) was shipped

17. As soon as the money ______ invested, the construction will begin.

(a) are (b) is (c) will be

18. Have you borrowed ______ car?

(a) their (b) there (c) they're

19. He ______ buy the ship's cargo if he had the money.

(a) will (b) would (c) would have

20. I am really surprised that their company the contract.

(a) get (b)got (c) had gotten

TEST 3