Business English Date: 11/25/2020

3rdyear class MGEA Professor: T.Senhaji

Semester: 1 Student’s Name:

MIDTERM EXAM
Open book / Open notes Exam

I- The part of the economy including services, commerce, marketing, banking,

communications, transport, health care, education and so on is referred to as:
A- The secondary sector
B- The primary sector
C- The tertiary sector
D- It can be A and C
E- It can be A and B
F- It can be B and C

II- Writing composition:

A- Explain why is the tertiary sector regularly growing in the industrialized
countries?
B- Is the decline of manufacturing in the old industrialized countries inevitable?
Explain.

III- Grammar:

What does the QUASM stand for?

Give five examples using the present perfect, the future, the simple present, the past
continuous, and the simple past. (n.b: lesson examples are not accepted)

IV- Vocabulary:
What best describes the following:

A- Assets are:

1- Anything the company owns that has monetary value. These

are listed in order of liquidity, from cash (the most liquid) to
land (least liquid).

2- Expenses that been incurred but have not been paid.

3- The revenue (sales) that a company has provided but has

not yet collected payment on.

4- All of the expenses that a business has incurred but has not
yet paid.

B- A liability is:

1- Anything the company owns that has monetary value. These

are listed in order of liquidity, from cash (the most liquid) to
land (least liquid).

2- An Expense that been incurred but has not been paid.

3- All debts that a company has yet to pay.

4- None of the above.

5- All 1,2,3 are correct.

C- A general ledger is:

1- The complete record of a company’s financial transactions.

2- A term that describes the inflow and outflow of cash in a

business.

3- Both 1 and 2.

4- None of the above