BUSINESS ENGLISH LESSON
A. These two quizzes focus on Business English vocabulary. Use the words listed below and decide which type of cost fits the definition. Answers are shown at the end of the lesson.
fixed - variable - labor - advertising - distribution - storage - manufacturing - operating
1. The cost of renting a warehouse is a _________ cost for a company that needs _________ space.
2. The cost of materials is a _________ cost for a _________ company.
3. The cost of salaries is a _________ cost for a company that requires _________.
4. The cost of shipping products to customers is a _________ cost for a company that requires _________.
5. The cost of running social media ads is an _________ cost for a company that requires _________.
6. The cost of maintaining equipment is a _________ cost for a manufacturing company that requires _________.
7. The cost of building a new factory is a _________ cost for a manufacturing company that requires _________ space.
Fixed assets - Liquid assets - dividend - liabilities - depreciation
intangible assets - overdraft - current assets
1. Money in the bank is an example of a company's _________ assets.
2. Equipment, property, and vehicles are all examples of a company's _________ assets.
3. Patents, copyrights, and trademarks are examples of a company's _________ assets.
4. The amount of money a company owes to others is known as its _________.
5. The decrease in value of an asset over time is known as _________.
6. A loan from a bank that exceeds the amount in a company's account is known as an _________.
7. A portion of a company's profits paid out to shareholders is known as a _________.
8. Cash, accounts receivable, and inventory are all examples of a company's _________ assets.
ANSWER KEY:
Exercise 1
1) Fixed, storage
2) Variable, manufacturing
3) Labor, operating
4) Distribution, storage
5) Advertising, operating
6) Fixed, operating
7) Fixed, manufacturing
Exercise 2
1) Liquid assets
2) Fixed assets
3) Intangible assets
4) Liabilities
5) Depreciation
6) Overdraft
7) Dividend
8) Current assets
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