Word study
1. Match the words with their definitions.
INDEBTEDNESS, DOWN PAYMENT, CURRENCY, DEPOSIT, PURCHASES, CHARGE, STATEMENT, CERTIFIED COPY, PRICE, TO FINANCE
Those goods that a business buys with the intention of selling by way of trade, not goods bought for use by the business.
The rate at which a commodity can be exchanged for another commodity or for money.
To provide or arrange means of payment.
A sum owed; debts in general.
Money or its equivalent deposited with a person or organization, especially a bank, for safe-keeping, or as security, or to bear interest.
Immediate payment; the first payment under a mortgage or hire-purchase agreement.
Any kind of money that is in general use as cash; any generally accepted means of payment.
A loose-leaf sheet supplied by a bank to each customer, giving details of all debits and credits made.
A copy of a document which has on it a formal declaration signed by an official that it is a true copy.
A sum of money that has to be paid as a price, especially for services.
2. Supply the sentences with the missing words.
She explained the ... of the new system over the old one.
The early computer ... had to learn to speak the language of the computer.
We estimate, month by month, the ... of cash that will be needed.
Was the ... of rent to be optional?
He later became a prominent ... .
How were they able to ... so much so quickly?
There were two ... in the shop at the moment I came.
I get a bank ... at the start of every month.
Oil ... are stable for the first time in years.
He was in prison for ... of fines.
Payments, user, customer, price, statement. Amount, attorney, advantage, non-payment, accomplish
3. Choose the best alternative to complete the sentence.
1. As soon as an item of stock falls below its minimum ... , the computer automatically re-orders. |
|||
a. standard |
b. level |
c. grade |
d. position |
2. Often a discount is offered as an ... to get a customer to pay promptly. |
|||
a. investment |
b. incentive |
c. interim |
d. inventory |
3. Remember that was only an .... The final cost could be higher. |
|||
a. enquiry |
b. estimate |
c. encouragement |
d. engagement |
4. The market has reached ... point so we need to concentrate on finding new products. |
|||
a. full |
b. saturation |
c. filling |
d. boiling |
5. We hope that business will ... when the tourist season starts. |
|||
a. set off |
b. get up |
c. pick up |
d. pick off |
6. You'll probably find furniture polish among the ... goods. |
|||
a. house |
b. housing |
c. household |
d. housewife |
7. They've pulled down the old market and built shopping .... |
|||
a. premises |
b. precinct |
c. franchise |
d. retailer |
8. When ordering, please quote the .... |
|||
a. numbered catalogue |
b. catalogue |
c. figure |
d. catalogue number |
9. I've just received an ... note telling me that the goods have been dispatched |
|||
a. advice |
b. advise |
c. invoice |
d. advisory |
10. Every month account customers are sent a .... |
|||
a. final demand |
b. statement |
c. request |
d. stocktaking |
11. In the UK, VAT (value added tax) is a tax on goods and .... |
|||
a. services |
b. servants |
c. stockings |
d. stockists |
12. If they don't ... their account we'll take them to court. |
|||
a. set up |
b. pay up |
c. settle |
d. pay for |
13. By mistake we have undercharged so we'll have to send her a ... note for the amount. |
|||
a. debt |
b. credit |
c. debit |
d. creditworthy |
14. If you take the sweater back to the shop they'll want to see the ... to show you bought it there. |
|||
a. receipt |
b. reception |
c. permit |
d. quotation |
15. It's a ... market at the moment so you should be able to pick some up at a reasonable price. |
|||
a. open |
b. free |
c. buyer's |
d. seller's |