Vocabulary
Business terms and roles
1 Match the financial terms (a-k) with the correct definition (1-11).
a creditor | 1 A person of organization that owes money to the company. |
b revenue | 2 A person of organization that the company owes money to. |
c overheads | 3 To legally stop doing business and close a company because of financial losses. |
d to go bankrupt | 4 The money that a company earns from its sales. |
e to break even | 5 To earn enough money to pay for the costs of running the company but no more (no profit is made). |
f debtor | 6 How much a company earns before certain costs and taxes are deducted. |
g net profit | 7 The total amount of money that an organization spends on something. |
h to overspend | 8 How much a company earns after all the costs and taxes are deducted. |
i gross profit | 9 To spend more than you originally planned in your budget. |
j operating profit | 10 The profit which comes from a company’s usual activities of providing goods or services. |
k expenditure | 11 The costs of running the company e.g. rent, electricity and water bills, etc. |
2 The words in the box below have similar meanings to three of the words from Exercise 1. Write the word with the similar meaning next to the one in the box.
t o cover costs ……….
to go into liquidation ………
turnover ………
3 Choose the correct expression from the box below to complete the definitions (1-3). You need to put the verbs in the correct form.
t o chase payment to pay off a debt to write off a bebt
1. If a company pays the money that it owes to someone, then it ………… .
2. If a company tries to make a person of organization pay it the money that they owe (e.g. by sending out letters to remind them), then it ………… .
3. If a company decides to stop trying to get the money that a person of organization owes it (because, for example, the company no longer exists) then it ……… .
4. In the following sentences (1-5), TWO of the alternatives (A-C) are possible and ONE is not. Circle the two alternatives which are possible.
1. I don’t think we will make a profit next year, but we hope to at least… | ||
A break even | B go bankrupt | C cover costs |
2. Operating profits fell last year but the company managed to save some money be reducing… | ||
A expenditure | B overheads | C revenue |
3. The company budgeted for €120,000 but the project cost them nearly €200,000. They … by nearly €80,000. | ||
A covered costs | B overspent | C exceeded their budget |
4. The company was very successful last year and increased their … from €29,000 to over €32,000. | ||
A debts | B revenue | C turnover |
5 A great many people lost their jobs when the company … | ||
A went bankrupt | B broke even | C went into liquidation |
5. In the following sentences (1-4) one word does not make sense. Identify the word and change it for another from Exercise 4 to make a logical sentence.
1. The company was not a success and finally went bankrupt last year. Some
creditors
debtors are still waiting for payouts.
2. The company has begun to write off its debts in instilments under a new agreement with the creditors.
3 A Profit last year was £42,000
B Do you mean gross or net?
A Oh no, I mean gross. After the production costs and overheads were deducted.
4. That company has gone into liquidation. I’m afraid we’re just going to have to pay off the money that they owe us.
- Wordlist
- Kitchen Utensils & Recipes
- Match the pairs, then make up sentences.
- Match the opposites, then name foods or drinks which can go with each.
- Put each verb in brackets either in the Present Simple or the Present Continuous.
- Unit 2 Word list
- To set up a company
- Supply the missing questions.
- 4. Answer these general knowledge questions about work.
- 5. Think about your own job. Can you explain your responsibilities and daily duties in English?
- Match 1-5 with the specific job descriptions a-e
- 2. When you look up a word, you can also use your dictionary to increase your vocabulary by learning related words and phrases. Find out if your dictionary helps you to answer these questions.
- 3. In the word “island”, the letter “s” is silent. Use your dictionary to find the silent letters in these words.
- Decide if the speaker is using British English or American English, and cross out the incorrect answer.
- Formal English
- Informal English
- Rewrite the sentences in more informal English.
- Rewrite the letter in more formal English.
- Use your dictionary to find out if these underlined words are either formal or informal.
- With the meaning “not”
- Verb prefixes: un- and dis-
- Other verb prefixes
- Agree with these statements.
- Complete the verbs in these sentences.
- Complete the sentences with the words from the box.
- Complete the sentences with a negative adjective.
- Include information about the following:
- Organize these words into pairs of opposites and put them in the columns below.
- What prefix forms the opposite of each of these words?
- How would you describe the person in each of these descriptions?
- What nouns can be formed from these adjectives?
- Match the adjectives in the box to the sentences.
- Make nouns from the adjectives in the previous exercise.
- Complete the sentences with the adjectives from the box.
- Answer these questions.
- Answer the questions using –ed or –ing adjectives.
- Match these –ing adjectives with the nouns.
- Answer the following questions:
- It is a good idea to ask questions about the words you learn. Discuss the answers.
- Identify the nationalities and languages of the residents of the following capitals.
- 1. Put one suitable word in each space.
- 2. Put one suitable word in each space, beginning with the letter given.
- Vocabulary exercises
- 3. At the airport
- 1. Complete the text with the words from the box.
- Can you write down a vegetable and fruit:
- Which is the odd one out in each group and why?
- Complete these sentences about yourself and your country.
- Read the first two paragraphs of the article. Answer the questions.
- Read the rest of the article and make lists of the following things.
- Discuss these questions :
- Which o the four endings are not correct?
- Think of two more ways you can finish each sentence starter in exercise a.
- Put the sports into groups according to what you think they have in common.
- Here are some people talking about their hobbies. Can you guess what the hobby is in each case?
- Complete these sentences with a suitable verb.
- Answer these questions.
- Complete each sentence with a word from the box.
- Put each verb in the brackets into a suitable passive form.
- Radisson sas Portman Hotel, London
- Langley Castle Hotel, Northumberland
- The Metropole Hotel, Cornwall
- Old Oxenhope Hall Cottage, West Yorkshire
- 4) Read the article again, chose one hotel and make notes under the headings below. Then, use your notes to talk about it.
- 5) Make notes under the same headings for a place you have stayed on holiday. Then use your notes to write a short article about it. Use the given article as a model.
- Wimbledon
- The Super Bowl
- To benefit from
- You have an important form to fill in and you know it’ll take at least two hours to do it properly. It’s Tuesday today and you have to hand it in by nine o’clock on Friday morning at the latest.
- 2. You bump into a friend you haven’t seen for ages in the street – she suggests a night out together next week.
- 5. You’ve been given an important message for a friend.
- 6. You’re due to be at a meeting in another town at three o’clock. You know it’ll take you at least thirty minutes to get there.
- 7. You’re about to go on holiday. It’s eight o’clock the evening before. Your friend is picking you up to take you to the airport at eight-thirty tomorrow morning.
- Conclusions to the quiz
- Getting a job
- Moving up
- Leaving the company
- Hard times
- Happier times
- Write a synonym for each of these words/ phrases.
- Complete these sentences with a suitable word or phrase.
- Complete this word-building table.
- Have you got a job in a company? If so, answer these questions as quickly as you can.
- Fill in the correct form of the verb in brackets (to –infinitive or –ing form), as in the examples.
- Write the correct form of the verb in brackets.
- Match the phrases in Column a to those in Column b to make complete sentences.
- Use the phrases to make up sentences about yourself.
- Talk about the article from memory using these prompts:
- III. Find the equivalents (in the box) to the words, given below:
- 1) Modals to express obligations
- 2) Modals to express permission
- In the following dialogue, which person do you agree with?
- Vocabulary list
- I. Find the equivalents (in the box) to the words given below:
- Vocabulary money
- Vocabulary
- 1A Complete the statements with the words in the box
- 1B Work with a partner to discuss the statements.
- 2 Match the people in the box with their job role.
- 3 Work with a partner to discuss the following.
- Freecycle
- 1. Meaning
- 1. Work is pairs. If you are working, discuss whether you think networking meetings would be good for your company. If you are studying, discuss whether you think networking could help you find a job.
- 2. Read the role card and prepare what you are going to say.
- Vocabulary list
- Vocabulary
- 1 Number of emails
- 2 Technology
- 3 Stress
- 2. Work with a partner. Write two possible recommendations for the end of the report. If you need help, look at the list below.
- Vocabulary list
- 5. Underline the correct form of the verb.
- 6. Underline the correct phrase.
- 7. Write the verbs in this conversation in the present perfect continuous.
- 8. Complete each sentence with since or for.
- 9. Look at these mini-dialogues. Write full questions using the present perfect simple of continuous form.
- 2 Read the leaflet again and decide if these statements are true or false.
- 3 Match a word from each column to make noun combinations about work and interviews.
- 4 Complete sentences 1-8 with noun combinations from Exercise 3.
- 5. Do these jobs exist in your country? Can you translate them into your language?
- IV. Reading