Question 

1
How is the correct form of the verbs in brackets?
As I (present) the figures, the shareholders (get) upset. After that, they (tell) me that they
(want) to change the board of directors as soon as possible.

A.
As I am presenting the figures, the shareholders will get upset. After that, they tells me
that they wants to change the board of directors as soon as possible.

B.
As I am presenting the figures, the shareholders will get upset. After that, they will tell
me that they will want to change the board of directors as soon as possible.

C.
As I presented the figures, the shareholders get upset. After that, they have told me that
they want to change the board of directors as soon as possible.

D.
As I was presenting the figures, the shareholders got upset. After that, they told me that
they wanted to change the board of directors as soon as possible.
The correct answer is: D
As I was presenting the figures, the shareholders got upset. After that, they told me that
they wanted to change the board of directors as soon as possible.

Question 2
What do you understand by the board of directors of a company?

A.
The board of directors is a person who has capital in a partnership.

B.
The board of directors of a company is a person who is the only owner of a business.

C.
The board of directors is the effective management committee of a limited liability
company.

D.
The board of directors is a presentation of the accounts of a company showing its
financial position at a particular moment.
The correct answer is: C
The board of directors is the effective management committee of a limited liability
company.
Question 3
How is the correct version of the verbs inbrackets?
When I (get) to the office yesterday morning. Vivian (try) to finish her report. When she
(finish) it, she (go) directly to the manager.

A.
When I will get to the office yesterday morning. Vivian will try to finish her report. When
she will finish it, she will go directly to the manager.

B.
When I was getting to the office yesterday morning. Vivian is trying to finish her report.
When she finishes it, she go directly to the manager.

C.
When I gets to the office yesterday morning. Vivian try to finish her report. When she
finish it, she go directly to the manager.

D.
When I got to the office yesterday morning. Vivian was trying to finish her report. When
she had finished it, she went directly to the manager.
The correct answer is: D
When I got to the office yesterday morning. Vivian was trying to finish her report. When
she had finished it, she went directly to the manager.

Question 4
What do you understand by the phrase: 
The business world is a moving target

A.
The business world is a complex process of innovation. 

B.
The business world is continuously changing. 

C.
The business world is a challenge, involving both the producers and the consumers.

D.
The business world is a challenging process, in which producers are involved. 
The correct answer is: B
The business world is continuously changing. 
Question 5
What is a private corporation?

A.
A private corporation is a  company whose stocks are not available to the general public.

B.
A private corporation is a  company with many public investors. 

C.
A private corporation is a company owned by the state. 

D.
A private corporation is a  company whose stocks are not within the company.
The correct answer is: A
A private corporation is a  company whose stocks are not available to the general public.

Question 6
What do you understand by turnover?

A.
Turnover means an accumulated supply of goods.

B.
Turnover means the amount of money that is made by a business.

C.
Turnover means the work provided for others as an occupation or a business.

D.
Turnover means the moving of the goods from the seller to the buyer.
The correct answer is: B
Turnover means the amount of money that is made by a business.

Question 7
What does insurance allow?

A.
Insurance allows risks to be taken without fear of loss.

B.
Insurance allows producers manufacture goods.

C.
Insurance allows consumers know the products better.

D.
Insurance allows the products to be bought.
The correct answer is: A
Insurance allows risks to be taken without fear of loss.

Question 8
What do you understand by innovation?

A.
Innovation is a process in which distribution and production are involved. 

B.
Innovation is a manufacturing process.

C.
Innovation is a process of sharing the market.

D.
Innovation is the process of successfully exploiting new ideas.
The correct answer is: D
Innovation is the process of successfully exploiting new ideas.

Question 9
At what level does internal communication happen in a company?

A.
Internal communication happens at individual, team or organizational level.

B.
Internal communication happens at all the companies.

C.
Internal communication happens at personal level.

D.
Internal communication happens at all the levels.
The correct answer is: A
Internal communication happens at individual, team or organizational level.

Question 10
Which is the correct translation of the sentence: 
Daca am fi semnat contractul, fuziunea firmelor ar fi avut loc deja. 

A.
If we signed the agreement, the merger of the companies would already take place.

B.
If we had signed the contract, the merger of the two companies took place already.

C.
If we had signed the contract, the merger of the two companies would took place
already.

D.
If we had signed the contract, the merger of the two companies would have already
taken place.
The correct answer is: D
If we had signed the contract, the merger of the two companies would have already
taken place.

Question 11
In times of high unemployment there are usually many … (1) when a … (2) is advertised.

A.
In times of high unemployment there are usually many jobs when a vacancy is
advertised.

B.
In times of high unemployment there are usually many vacancies when a job is
advertised.

C.
In times of high unemployment there are usually many products when a new quality is
advertised.

D.
In times of high unemployment there are usually many demands when a product is
advertised.
The correct answer is: B
In times of high unemployment there are usually many vacancies when a job is
advertised.

Question 12
A market economy is based on private … (1) in contrast with planned economy where …
(2) prevails.

A.
A market economy is based on private competition in contrast with planned economy
where monopolies prevail.

B.
A market economy is based on private market share in contrast with planned economy
where macroeconomics prevails.

C.
A market economy is based on private sector in contrast with planned economy where
state prevails.
 D.
A market economy is based on private investments in contrast with planned economy
where no investments prevail.
The correct answer is: D
A market economy is based on private competition in contrast with planned economy
where monopolies prevail.

Question 13
A partnership is a … association of two or more individuals as co-owners of a business
for profit.

A.
A partnership is a friendly association of two or more individuals as co-owners of a
business for profit.

B.
A partnership is a demanding association of two or more individuals as co-owners of a
business for profit.

C.
A partnership is a legal association of two or more individuals as co-owners of a business
for profit.

D.
A partnership is a loyal association of two or more individuals as co-owners of a business
for profit.
The correct answer is: C
A partnership is a legal association of two or more individuals as co-owners of a business
for profit.

Question 14
What do you understand by capital intensive businesses?

A.
The capital-intensive businesses are those businesses that require large productions of
different quality products.

B.
The capital-intensive businesses are those businesses that require large investments in
capital assets.

C.
The capital-intensive businesses are those businesses that require large investments in
factories and banks. 

D.
The capital-intensive businesses are those businesses that require a lot of money. 
The correct answer is: B
The capital-intensive businesses are those businesses that require large investments in
capital assets.

Question 15
What do nowadays business men and women face?

A.
Nowadays business men and women face many more development of the products.

B.
Nowadays business men and women face many more competitive pressures and
opportunities.

C.
Nowadays business men and women face many more challenges.

D.
Nowadays business men and women face much more time pressure. 
The correct answer is: B
Nowadays business men and women face many more competitive pressures and
opportunities.

Question 16
What is a corporation?

A.
A corporation is a  company of several people. 

B.
A corporation is a legally chartered enterprise with most of the legal rights of a person,
including the right to conduct a business, to own and sell property, to borrow money,
and to sue or be sued.

C.
A corporation is a state company. 

D.
A corporation is an enterprise owned by friends.  
The correct answer is: B
A corporation is a legally chartered enterprise with most of the legal rights of a person,
including the right to conduct a business, to own and sell property, to borrow money,
and to sue or be sued.
Question 17
What does advertising do?

A.
Advertising enables producers manufacture goods. 

B.
Advertising enables customers to buy products.

C.
Advertising enables firms to let perspective customers know their offer.

D.
Advertising enables customers know they exist. 
The correct answer is: C
Advertising enables firms to let perspective customers know their offer.

Question 18
Which is the correct continuation of the sentence: 
The most common forms of business ownership are …

A.
... businesses, capital-intensive businesses, labour-intensive businesses.
B.
... private and public companies.

C.
... partnership, corporation sole proprietor, multi proprietors

D.
... sole proprietor, partnership, corporation.
The correct answer is: D
... sole proprietor, partnership, corporation.

Question 19
What is a sole proprietorship?

A.
A sole proprietor is a business owned and operated by a single individual.

B.
A sole proprietor is a business owned and operated by private and public persons. 

C.
A sole proprietor is a business owned and operated by a lot of individuals. 

D.
A sole proprietor is a business owned by a lot of decision-makers. 
The correct answer is: A
A sole proprietor is a business owned and operated by a single individual.

Question 20
What do you understand by external communication?

A.
External communication involves the management of relationships between individuals.

B.
External communication involves the management of relationships.

C.
External communication involves the management of relationships with many and
various organizations and individuals in both the public and the private sectors.

D.
External communication involves the management of relationships at all the levels.
The correct answer is: C
External communication involves the management of relationships with many and
various organizations and individuals in both the public and the private sectors.