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Academic Vocabulary
Business

Choose the correct answer for each exercise.

1 .       The resources a firm owns are its 



2 .       An examination made of a company’s records to check for accuracy is a/an 



3 .       CEO stands for 



4 .       A decrease in the level of prices or an increase in purchasing power due to a reduction in available currency and credit is 



5 .       Inadequate or insufficient funds is a/an 



6 .       A distribution of earnings to the stockholders of a company is a/an 



7 .       Loss in value due to age, use, or market worth is 



8 .       A person who initiates and assumes the risks of starting a new business is 



9 .       The remaining value of a business or property once debts and mortgages are subtracted is the 



10 .       A twelve-month period of time in which a business operates and spends its funds is the 



11 .       An individually owned business that is associated with a chain of stores and operates under the chain’s guidelines is a/an 



12 .       GNP stands for 



13 .       The total dollar amount of all goods and services sold during a specific period is the 



14 .       A general rise in level of prices or a decline in purchasing power due to lessening value of the dollar is 



15 .       A firm’s debts and financial obligations are 



16 .       An industry in which there is only one company that sells a product or service is a/an 



17 .       The profit earned by a company or individual after all expenses have been subtracted from total income is the 



18 .       The average level of output per worker per hour is the 



19 .       Two consecutive three-month periods of decline in a country’s GNP is a/an 



20 .       A business that is owned and operated by one person is a 



Answer choices in this exercise are randomized and will appear in a different order each time the page is loaded.





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