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MIDTERM TEST
ADVANCED BUSINESS ENGLISH LEVEL 2
DURATION: 60 MINUTES
LISTENING COMPREHENSION
Questions 1-5
Choose the correct letter A, B, or C
1. What does Peter wan to drink?
A. tea B. coffee C. a cold drink
2. What caused Peter problems at the bank?
A. the exchange rate B. his lateness C. the computer
3. Who did Peter talk to at the bank?
A. an old friend B. an American man C. a German man
4. Henry gave Peter a map of
A. the city B. the bus routes C. the train system
5. What do Peter and Sally decide to order?
A. food & drinks B. just food C. just drinks
Questions 6-8
VOCABULARY
I. Choose the most suitable word or phrase to complete each
sentence.
1. Many investors switched out of shares into __________
yesterday.
A. profits B. returns C. bonds D. equities
2. John asked his parents if they could pay off his
_________
A. rents B. debts C. accounts D. credits
3. You should not _________ the accounts on any account.
A. deposit B. exceed C. value D. falsify
4. The Google guys are telling Wall Street to drop
__________
A. public B. strategic C. dead D. rich
5. I bought these shoes in the sale. They were a real
__________
A. cheap B. economy C. bargain D. purchase
II. Use the correct form of the words in the brackets.
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1. My co-worker is _____________. She speaks French and Spanish.
(language)
2. ____________activity was badly hit by the bursting of the
dotcom bubble.
(entrepreneur)
3. __________ the powers that be in investment banking has
risks, too. (alien)
4. Lets meet the CEOs of companies on our ___________ company
list. (sustain)
5. This can be achieved by _____________ the product or service,
or by having lower
cost of production. (differ)
III. Match up the words and definitions.
1. Business angel A. promote something with exaggerated
claims
2. Foresight B. a private investor
3. Myopia C. seeing what will happen in the future
4. Offering D. short-sightedness
5. Hype E. going public
GRAMMAR
I. Use the correct tense of the following verbs.
1. Im sure our company _________________ (go) public by the end
of the year.
2. Tomorrow as soon as I __________ (hear) from you, I
___________ (get) in touch
with the auditors.
3. Our Chief Financial Officer ___________ (make) the first
presentation to analysts
on 21 November, 2010.
4. The London stock exchange _________________ (close) for
several hours by the
time the Asian exchanges open for business.
II. Rewrite each sentence beginning as shown.
1. Alan was skiing in Switzerland and met his old friend,
Ken.
While_____________________________________________________________
2. Id like to focus on how to identify stock market
opportunities.
What
_____________________________________________________________
3. Last Thursday we appointed a new marketing manager.
A new
____________________________________________________________
4. Investors shouldnt on any account concentrate all their
shareholdings in one
business sector.
On no
_____________________________________________________________
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5. Hurry up! Well get to the conference hall after the beginning
of the meeting.
By the time
_________________________________________________________
III. Complete the sentences with correct prepositions.
1. Weve recently introduced our shares __________ the stock
exchange.2. The company was founded _________ three values: trust,
enterprise and creativity.
3. Google is based on the twin principles that intelligence will
win __________
power.
4. Access __________ our helpline is open to all kinds of
business.
5. It is essential for the company to comply _________ all SEC
requirements.
READING COMPREHENSION
Look at the statements below and at the five extracts A-E about
different types
of internet companies.
Which article (A, B, C, D or E) does each statement 1 8 refer
to?
A
Selling books over the internet was one of its first
applications. There were a number
of players, but the dominant company to emerge in this area now
sells not just books
everything from records to electrical goods to clothes. Each
continent where itoperates is served by a giant warehouse each
warehouse is large enough to hold
several jumbo jets. The website itself is fast and extremely
easy to use no waiting
for screens to load. The site also acts as a host to thousands
of other sellers, taking a
commission on each sale. It can be credited with single-handedly
having revived the
second-hand book industry.
B
The internet has revolutionized the world of classified
directories. Paper directories
were out of date by the time they were published, but online
ones can be updated in
real time. Revenue comes from businesses paying for entries that
are more prominent
than standard ones. In paper directories, the alphabet dictated
which businesses were
displayed first in each category, but businesses can now pay for
their names to appear
first, wherever they appear in the alphabet. Directory sites now
change hands for
millions of pounds.
C
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Standard newspaper sites are fighting the perception that what
they offer should be
available for free. Some sites have started to make users pay
for at least some of their
content. Business users are happy to pay for business
information in this way, but
general readers are less easy to persuade. Another recent
development has been for
newspaper sites to include video sequences: from being purveyors
of the written word
and still photographs, they are increasingly behaving like
broadcasters. What will the
future be for online newspapers in this environment?
D
In its early days, the internet was used to buy goods and to
access information or
content. But few foresaw how some of the most successful
companies associated
with the second wave of the internet would include sites where
the content was
provided by the users themselves. There seems to be no limit to
the appetite of people
to watch the video clips of total strangers. But the film
studios and news broadcasters
are understandably annoyed when their copyrighted content
appears on these sites
illegally.
E
Auction sites, like bookselling sites, are dominated by one big
organization. You can
buy and sell almost anything on the site. And as for books,
secondhand markets have
been reinvigorated. Parents selling their childrens toys as they
get older are one
example of people who use the site. Some people are able to make
a good living by
buying and selling over this site, but research shows that of
all the people who use the
site to buy things, only 5 per cent use it to sell things.
D
In its early days, the internet was used to buy goods and to
access information or
content. But few foresaw how some of the most successful
companies associated
with the second wave of the internet would include sites where
the content was
provided by the users themselves. There seems to be no limit to
the appetite of people
to watch the video clips of total strangers. But the film
studios and news broadcasters
are understandably annoyed when their copyrighted content
appears on these sites
illegally.
E
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Auction sites, like bookselling sites, are dominated by one big
organization. You can
buy and sell almost anything on the site. And as for books,
secondhand markets have
been reinvigorated. Parents selling their childrens toys as they
get older are one
example of people who use the site. Some people are able to make
a good living by
buying and selling over this site, but research shows that of
all the people who use the
site to buy things, only 5 per cent use it to sell things.
1. On this category of website, content is provided by users
_________
2. Far more people buy on these sites than use them to sell
things _________
3. You can buy things from the company that dominates this
category, but its
possible to buy things from other companies via its site.
_________
4. The sites in this category are having to cope with a
transition in what they do, from
supplying articles to providing moving pictures. _________
5. Information on sites in this category is much more up to date
than it would be on
paper. _________
6. One problem on sites in this category has been copyrighted
content used illegally.
__________
7. Some users are willing to pay for content on these sites;
others are less willing to do
so. __________
8. This category is dominated by one website, but its success
has helped many smaller
organizations. __________
9. Find the word in the text with the meaning of against the law
_______________
10. Find the word that means changed _______________
WRITING
Write a brief memo to a foreign that is going to work in your
country on a project
lasting several weeks. Give some immediately useful pieces of
information (transport,
opening hours, etc.), and more general background information
about things to do or
to avoid doing.
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