Variant 1

Test yourself

Retell the text.

Put special questions to the text.

Make up sentences with the following word combinations.

Give the Definitions.

Complete the sentences.

Match the following word combinations.

1) Your department's appropri­ations are determined and funds allocated from…2) Preliminary analysis indi­cates that…3) Cash budgets can be important guidelines that assist managers in…4) These managers often determine what long-term investments to make, when…5) Financial control means that the actual revenues, costs, and expenses are periodically…

Cash budgets, financial control, deviation.

Department manager, preliminary analysis, short-term investment expectations, actual revenue, corrective action, financial forecast.

1.Complete the sentence: Finance is a system of monetary relations leading to formation, distribution and use of…

A. taxes

B. products

C. money

D. bills

E. control

2.Complete the sentence: Finance is an economic system which comprises two parts: public finance and finance of …entitles.

A. public

B. commercial

C. economic

D. national

E. local

3.Complete the sentence: Capital is the store of accumulated wealth contributed to the firm by its…

A. proprietors

B. workers

C. customers

D. borrowers

E. foreigners

4. The key word combination is…

A. fiscal deficit

B. fiscal relations

C. fiscal sphere

D. fiscal federalism

E. fiscal control

5. Complete the sentence. The composition of a company's capital is called…

A. capital assets

B. capital credit

C. capital structure

D. capital relations

E. capital enterprise

6. Which word is different?

A. capital

B. shares

C. assets

D. stocks

E. painting

7. Complete the sentence. The holders of … shares do not usually have any voting rights.

A. ordinary

B. deferred

C. preference

D. annual

E. active

8. Complete the sentence. …capital is the capital available for working the business

A. designing

B. banking

C. debenture

D. paid up

E. working

9. Find the answer to the following question. What is fiscal policy?

A. Fiscal policy is the police adopted by a government for collecting money and documents, buy and sell foreign currency.

B. Fiscal policy is the policy adopted by a government for raising revenue to meet expenditures.

C. Fiscal policy is the police adopted by a government for developing domestic banking system

D. Fiscal policy is the police adopted by a government for increasing welfare of the community

E. Fiscal policy is the police adopted by a government for maximizing the shareholders’ wealth

10. Fill in the necessary word. When expenditure exceeds the revenue the budget has a…

A. tax

B. bill

C. deficit

D. fund

E. preparation

11. Complete the sentence. The finance function in a firm is usually headed by a chief financial…who reports to the firm’s president.

A. customer

B. officer

C. manager

D. president

E. leader

12. Complete the sentence. Modern businesses have …whose major objective is to maximize the value of the firm for its owners, to maximize the shareholders’ wealth, which is represented by the market price of a firm’s common stock.

A. financial officers

B. financial directors

C. financial owners

D. financial borrowers

E. financial managers

13. Complete the sentence. Fixed …are assets purchased for use in the business on a permanent basis, e.g. land and buildings, plant and machinery, furniture, motor vehicles, etc

A. cash

B. balance sheet

C. assets

D. liabilities

E. ratios

14. Complete the sentence. Financial managers are concerned with the management of …assets.

A. current

B. fixed

C. liquid

D. short-term

E. long-term

15.Complete the sentence. Financial managers are concerned with the management of …assets.

A. current

B. fixed

C. liquid

D. short-term

E. long-term

16. Find the proper definition for the word “balance”

A. the unpaid balance of a loan on which the interest is figured

B. an amount by which withdraws are greater than the balance in an account

C. the point at which a loan is due

D. the amount which has to be paid for the use of a bank’s services by a current account holder

E. figure interest on the principal plus any accrued interest

17. Choose the right answer. “A current account” is:

A. one which is available for the time being

B. one in which savings are held

C. one which is used all the time for day-to- day transactions

D. an account on which the depositor receives interest

E. the money value of the shareholders stake in the bank or company

18. What sentence is true?

A. Regular payments into a deposit account can be made through a standing order.

B. Regular payments into a deposit account can be made through a canceled cheque.

C. Regular payments into a deposit account can be made through an outstanding cheque.

D. Regular payments into a deposit account can be made through a current account.

E. Regular payments into a deposit account can be made through a saving account.

19. “An overdraft ” is:

A. an amount by which the balance in a current account exceeds the value of a cheque drawn from it

B. an amount by which the value of a cheque exceeds the balance in the current account

C. an excessive balance in a current account

D. overdue cheque

E. legible signature

20. Answer the question: What does “a canceled cheque” mean?

A. worthless cheque

B. stamped to indicate that payment has been made

C. crossed cheque

D. overdue cheque

E. cash