Audit Book

3/29/2023
Нийт оноо 26/29
Students are going to read a Financial Times article about IFRS. The article comprises
13 multiple-choice questions, 6 true/false questions, and 10 questions related to word
search that test your understanding of main ideas and details
:
Please do not forget to click the button before time nishes! The Institute of
Foreign Languages any inaccurate test-taking
procedures related to technical problems, not submitted cases, etc.
Time limit: 40 min

Total scores: 29 points
Энэ маягтыг илгээхэд хариулагчийн имэйл хаяг (b20fa1044@ufe.edu.mn)-ийг

бүртгэсэн.
READING 6 онооны 6
( ) ( ).
https://docs.google.com/forms/d/e/1FAIpQLScerzlpzqO32P6FwZWVxupOf3-KUa4FBunN3kG0pYX2V0UtbA/viewscore?viewscore=AE0zAgD2mKIz_VnFyumF… 1/14
3/29/2023
3/29/2023
The European changeover to International Financial Reporting Standards 1/1

went as expected.
true
False
CEOs need to fully understand how these accounting and reporting 1/1
changes could affect the way their financial results look to outsiders.
true
False
The changeover to I FRS only involved changing a few numbers in the 1/1
accounts of the companies concerned.
False
true
Once companies had understood which accounting policies they had to 1/1
change, the major problems were over.
true
False
3/29/2023
The changeover experience was the same for each of the companies 1/1
involved.
False
true
Many European countries' old reporting standards had been designed 1/1
mainly with their respective tax authorities in mind.
False
true
VOCABULARY PART I 10 онооны 8
3/29/2023
Note: First letter of each words should be written in a Capital Letter. (For instance;
Financial Institutions)
3/29/2023
a) the title of the manager with the greatest authority in the normal 0/1
everyday management of a company (paragraph B) C............, E............,
O............
Chief Executive Officers
people who make an official record of all the money paid into and paid out 0/1
of businesses (paragraph B) b .... ... .
Bookkepers
person who is in charge of the way a company reports its accounts to the 1/1
outside world (paragraph D) D ........ of E.. .. .... R. ... ... .
Director of External Reporting
a synonym for profitability (paragraph B) f. ..... .. p ..... .. . 1/1
Financial Performance
the documents that are produced for investors at the end of the accounting 1/1
process (paragraph C)a) r .. ...... a ....... .
Reported Accounts
3/29/2023
process (paragraph C)a) f .. .....f....... s.. ....... .
Final Financial Statements
a synonym for the 'main methods of accounting' (paragraph C) k .... ... a 1/1
........ p ....... .
Key Accounting Policies
things which do not 'fit' in a company's accounts (paragraph C) a .... .. .. 1/1
Anomalies
rules which force companies to publish a specific piece of information in 1/1

their accounts (paragraph D) d. . . . . . . . r ....... .
Disclosure Requirements
companies can get extra funds by selling shares here (paragraph G) c. ....... 1/1
m. .......
Capital Markets
VOCABULARY PART II 13 онооны 12
3/29/2023
3/29/2023
CEOs have to __________ ongoing developments in I FRS. 1/1
1. adjust
2. alter
3. change
4. educate
5. keep up to date with
6. prepare
7. produce
8. retrain
9. understand
CEOs have to __________ the impact of IFRS on the view of the company's 1/1
performance from the outside world.
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
3/29/2023
Companies have to _________ staff. 1/1
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
Companies have to _________ data-collection systems 1/1
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
https://docs.google.com/forms/d/e/1FAIpQLScerzlpzqO32P6FwZWVxupOf3-KUa4FBunN3kG0pYX2V0UtbA/viewscore?viewscore=AE0zAgD2mKIz_VnFyum… 10/14
3/29/2023
Companies have to _________ pay policies. 1/1
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
Companies have to _________ key accounting policies. 1/1
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
3/29/2023
Directors of External Reporting have to _________ the new style of accounts. 1/1
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
CEOs have to _________ the market about the new style of reporting. 1/1
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
3/29/2023
CEOs have to _________ analysts and investors for any significant changes. 1/1
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
' ... has forced many Chief Executive Officers to .' (lines 1/1
13-15)
start ghting
work very hard
3/29/2023
' ... when they have .. .' (lines 15-16) 0/1
put in place the main parts of the new reporting system
experienced their rst problems with the new reporting system
' ... but that is, in fact, .. .' (lines 60-61) 1/1
very signi cant
a big business contract
' ... of the change depends on the complexity of the company.' 1/1
(lines 66-68)
size
cost
END OF THE TEST 0 онооны 0
Энэ маягтыг University of Finance and Economics дотор үүсгэсэн.
Нийт оноо
Энэ маягтыг илгээхэд хариулагчийн имэйл хаяг ийг

б ртгэсэн
онооны
онооны
Энэ маягтыг дотор сгэсэн

Нийт оноо

б ртгэсэн
онооны
Санал х сэлт
3/29/2023 LISTENING SECTION
Refinancing your loan can help you ____. 0/1
reduce your long-term debt
take out other loans
pay for other improvements
Зөв хариулт
People can sometimes pay off their loans more quickly when ______. 1/1
the nancial market improves
they earn more money
home prices drop
Санал хүсэлт
Man: Furthermore, by re nancing, you can greatly reduce the length of your loan. After
several years into your mortgage, people often earn more money than when they rst
purchased their home, and thus, have a surplus to pay their off loans quicker.
https://docs.google.com/forms/d/e/1FAIpQLScCVLT6uQuNbqjlo1EHQXRVomZtQFKmlXGudh8GnuNK0Tif3A/viewscore?viewscore=AE0zAgBLCx9WDVJYaQF… 3/7
Refinancing a mortgage can also help in a financial crisis due to _____. 1/1
natural disasters
economic slowdown
loss of employment
Man: However, for some people, re nancing their mortgages just makes sense, providing a
cushion in case of a nancial crisis due to loss of employment or a medical crisis.
Listening 2 4 онооны 4
Listen to the recording and answer the questions. (LISTEN TWICE, 2.40 MIN)
Click here for LISTENING AUDIO TRACK:
https://drive.google.com/ le/d/19x8zgNhdUE3f4wXtAtdFGE8Ny5nlq6UR/view?
usp=sharing
The man is speaking with his _____. 1/1
his friend
sister
mom
Nancy: Uh, yeah, I guess, but I'm pinching pennies myself, and you still owe me $20 from
last week. And MOM and your friend Ron said you borrowed money from them this past
week.
How do you describe the man's current situation? 1/1
He has a lot of expenses including student loans.
He's in debt and is trying to borrow money.
He has a decent job, but he's looking for a new one.
Ron: Well, I do have a job, but I've used my credit cards to pay off a lot of things recently,
but now, I can't seem to pay the money off.
Which sentence best describes the man's dining practices? 1/1
He tries to go out to eat every night.
He prefers to eat alone.
He doesn't know how to cook very well.
Ron: Hmmm. I'm not really sure. I think I spend around $600. [$600?!] Well, I go out to eat
at least four times a week, so those expenses add up. I just don't enjoy eating alone, and I
don't have a knack for cooking like you do..
The man's apartment is ____. 1/1
a small place with a nice view of the city
an apartment downtown with free parking
a spacious apartment that includes cable TV
Ron: Uh, I pay $890 on rent for the studio apartment downtown . . . not including utilities
and cable TV. But the place has an awesome view of the city.
Маягт
3/29/2023
Нийт оноо 26/29
Students are going to read a Financial Times article about IFRS. The article comprises
13 multiple-choice questions, 6 true/false questions, and 10 questions related to word
search that test your understanding of main ideas and details
:
Please do not forget to click the button before time nishes! The Institute of
Foreign Languages any inaccurate test-taking
Time limit: 40 min

Total scores: 29 points

бүртгэсэн.
READING 6 онооны 6
( ) ( ).
3/29/2023
3/29/2023
The European changeover to International Financial Reporting Standards 1/1

went as expected.
true
False
CEOs need to fully understand how these accounting and reporting 1/1
changes could affect the way their financial results look to outsiders.
true
False
The changeover to I FRS only involved changing a few numbers in the 1/1
accounts of the companies concerned.
False
true
Once companies had understood which accounting policies they had to 1/1
change, the major problems were over.
true
False
3/29/2023
The changeover experience was the same for each of the companies 1/1
involved.
False
true
Many European countries' old reporting standards had been designed 1/1
mainly with their respective tax authorities in mind.
False
true
3/29/2023
3/29/2023
a) the title of the manager with the greatest authority in the normal 0/1
everyday management of a company (paragraph B) C............, E............,
O............
Chief Executive Officers
people who make an official record of all the money paid into and paid out 0/1
of businesses (paragraph B) b .... ... .
Bookkepers
person who is in charge of the way a company reports its accounts to the 1/1
outside world (paragraph D) D ........ of E.. .. .... R. ... ... .
Director of External Reporting
a synonym for profitability (paragraph B) f. ..... .. p ..... .. . 1/1
Financial Performance
process (paragraph C)a) r .. ...... a ....... .
Reported Accounts
3/29/2023
process (paragraph C)a) f .. .....f....... s.. ....... .
Final Financial Statements
a synonym for the 'main methods of accounting' (paragraph C) k .... ... a 1/1
........ p ....... .
Key Accounting Policies
things which do not 'fit' in a company's accounts (paragraph C) a .... .. .. 1/1
Anomalies
rules which force companies to publish a specific piece of information in 1/1

their accounts (paragraph D) d. . . . . . . . r ....... .
Disclosure Requirements
companies can get extra funds by selling shares here (paragraph G) c. ....... 1/1
m. .......
Capital Markets
3/29/2023
3/29/2023
CEOs have to __________ ongoing developments in I FRS. 1/1
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
CEOs have to __________ the impact of IFRS on the view of the company's 1/1
performance from the outside world.
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
3/29/2023
Companies have to _________ staff. 1/1
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
Companies have to _________ data-collection systems 1/1
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
3/29/2023
Companies have to _________ pay policies. 1/1
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
Companies have to _________ key accounting policies. 1/1
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
3/29/2023
Directors of External Reporting have to _________ the new style of accounts. 1/1
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
CEOs have to _________ the market about the new style of reporting. 1/1
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
3/29/2023
CEOs have to _________ analysts and investors for any significant changes. 1/1
1. adjust
2. alter
3. change
4. educate
6. prepare
7. produce
8. retrain
9. understand
' ... has forced many Chief Executive Officers to .' (lines 1/1
13-15)
start ghting
work very hard
3/29/2023
' ... when they have .. .' (lines 15-16) 0/1
put in place the main parts of the new reporting system
experienced their rst problems with the new reporting system
' ... but that is, in fact, .. .' (lines 60-61) 1/1
very signi cant
a big business contract
' ... of the change depends on the complexity of the company.' 1/1
(lines 66-68)
size
cost
Нийт оноо

б ртгэсэн
онооны
онооны
Энэ маягтыг дотор сгэсэн

Нийт оноо

б ртгэсэн
онооны
Refinancing your loan can help you ____. 0/1
reduce your long-term debt
take out other loans
Зөв хариулт
People can sometimes pay off their loans more quickly when ______. 1/1
the nancial market improves
they earn more money
home prices drop
Man: Furthermore, by re nancing, you can greatly reduce the length of your loan. After
several years into your mortgage, people often earn more money than when they rst
purchased their home, and thus, have a surplus to pay their off loans quicker.
Refinancing a mortgage can also help in a financial crisis due to _____. 1/1
natural disasters
economic slowdown
loss of employment
Man: However, for some people, re nancing their mortgages just makes sense, providing a
cushion in case of a nancial crisis due to loss of employment or a medical crisis.
Listening 2 4 онооны 4
Listen to the recording and answer the questions. (LISTEN TWICE, 2.40 MIN)
Click here for LISTENING AUDIO TRACK:
https://drive.google.com/ le/d/19x8zgNhdUE3f4wXtAtdFGE8Ny5nlq6UR/view?
usp=sharing
The man is speaking with his _____. 1/1
his friend
sister
mom
Nancy: Uh, yeah, I guess, but I'm pinching pennies myself, and you still owe me $20 from
last week. And MOM and your friend Ron said you borrowed money from them this past
week.
How do you describe the man's current situation? 1/1
He has a lot of expenses including student loans.
He's in debt and is trying to borrow money.
He has a decent job, but he's looking for a new one.
Ron: Well, I do have a job, but I've used my credit cards to pay off a lot of things recently,
but now, I can't seem to pay the money off.
Which sentence best describes the man's dining practices? 1/1
He tries to go out to eat every night.
He prefers to eat alone.
He doesn't know how to cook very well.
Ron: Hmmm. I'm not really sure. I think I spend around $600. [$600?!] Well, I go out to eat
at least four times a week, so those expenses add up. I just don't enjoy eating alone, and I
don't have a knack for cooking like you do..
The man's apartment is ____. 1/1
a small place with a nice view of the city
an apartment downtown with free parking
a spacious apartment that includes cable TV
Ron: Uh, I pay $890 on rent for the studio apartment downtown . . . not including utilities
and cable TV. But the place has an awesome view of the city.
Маягт
3/29/2023 𝐑𝐄𝐀𝐃𝐈𝐍𝐆 𝐏𝐀𝐑𝐓
𝐑𝐄𝐀𝐃𝐈𝐍𝐆 𝐏𝐀𝐑𝐓 Нийт оноо 44/56
👉 Students are going to read a Financial Times article about CG. The article comprises 8
multiple-choice questions, 8 true/false questions, 20 matching questions and 20 sentence
completion questions related to vocabulary that test your understanding of main ideas and
details
📢 𝐀𝐓𝐓𝐄𝐍𝐓𝐈𝐎𝐍:
📢 Please do not forget to click the 𝐒𝐔𝐁𝐌𝐈𝐓 button before time nishes! The Institute of
Foreign Languages 𝐖𝐈𝐋𝐋 𝐍𝐎𝐓 𝐁𝐄 𝐑𝐄𝐒𝐏𝐎𝐍𝐒𝐈𝐁𝐋𝐄 𝐅𝐎𝐑 any inaccurate test-taking
🕒 Time limit: 45 min

💯 Total scores: 56 points
бүртгэсэн.
READING Exercise 13 онооны 10
𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐦𝐚𝐢𝐧 𝐩𝐨𝐢𝐧𝐭𝐬
𝐑𝐞𝐚𝐝𝐢𝐧𝐠 𝐞𝐱𝐞𝐫𝐜𝐢𝐬𝐞 𝐀 . 𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐛𝐞𝐥𝐨𝐰 𝐚𝐧𝐝 𝐝𝐞𝐜𝐢𝐝𝐞 𝐰𝐡𝐞𝐭𝐡𝐞𝐫 𝐭𝐡𝐞𝐬𝐞 𝐬𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭𝐬 𝐚𝐫𝐞
𝐭𝐫𝐮𝐞 (𝐓) 𝐨𝐫 𝐟𝐚𝐥𝐬𝐞 (𝐅).
https://docs.google.com/forms/d/e/1FAIpQLScFgXs4G833HXtO1RfeJB-uuUp8H5ZUgNebXOgBUJYtQrU8Xw/viewscore?viewscore=AE0zAgAi2xsDBV1FLiTX… 1/17
The crime was committed in China. 1/1
true
False
It concerned one of the country's largest, most well-respected companies. 1/1
False
true
The Chairman stole money from the company. 0/1
true
False
The company's auditors and stock-market regulators had warned everyone 1/1
of the corporate fraud that was taking place at Sat yam.
true
False
The Chairman used his family's shares in Maytas as security to people who 0/1
had lent money to the company.
true
F l
False
He had told the other shareholders who these shares now technically 1/1
belonged to.
true
False
The new shareholders sold their shares, which resulted in a share price 1/1
crash.
true
False
This case resulted in stricter disclosure rules for controlling shareholders 1/1
of Indian companies.
true
False
𝐑𝐞𝐚𝐝𝐢𝐧𝐠 𝐞𝐱𝐞𝐫𝐜𝐢𝐬𝐞 𝐁
Decide whether these phrases are used to introduce a cause or an effect in the
article.
... as a result, the company's share price had plummeted ... (lines 62-63) 1/1
cause
effect
In response to the fraud, the corporate community called for ... (lines 65- 0/1
66)
effect
cause
This is due to the fact that ... (line 74) 1/1
cause
effect
... it will trigger a margin call ... (lines 76-77) 1/1

cause
effect
Consequently, the stock price can collapse. (lines 77- 78) 1/1
cause
effect
𝐖𝐨𝐫𝐝 𝐒𝐞𝐚𝐫𝐜𝐡
𝐕𝐨𝐜𝐚𝐛𝐮𝐥𝐚𝐫𝐲 𝐞𝐱𝐞𝐫𝐜𝐢𝐬𝐞 𝐀 . 𝐖𝐨𝐫𝐝 𝐒𝐞𝐚𝐫𝐜𝐡

𝐅𝐢𝐧𝐝 𝐰𝐨𝐫𝐝𝐬 𝐨𝐫 𝐩𝐡𝐫𝐚𝐬𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐰𝐡𝐢𝐜𝐡 𝐟𝐢𝐭 𝐭𝐡𝐞𝐬𝐞 𝐦𝐞𝐚𝐧𝐢𝐧𝐠𝐬 .
the position that B. Ramalinga Raju held with Sat yam Computer Services 1/1
(paragraph A) c. ...... .
Chairman
the group of a company's executives (paragraph A) B _________ of D 1/1

_________.
Board of Directors
a synonym for fraud (paragraph D) S____________ 1/1
Scam
directors who do not represent a large institution (paragraph E) 1/1

i_______________ d ____________ .
Independent Directors
large companies which invest heavily in something (paragraph E) 1/1

i____________ i_____________.
Institutional Investors
people who own more than half of the shares in a company (paragraph H) 1/1
c __________ s __________.
Controlling Shareholders
people who own a small number of shares in a company (paragraph H) m 1/1

___________ i ____________ .
Minority Investors
when a company has to to publish information about its financial activities 0/1
by law for the benefit of investors (paragraph H) c _________ d __________ r
_________.
Corporate Disclosure Requirement
the role that SEBI , for instance, plays in the financial markets (paragraph I) 0/1
s ____________ m _________ r _________ .
Stock-market Regulator
𝐕𝐨𝐜𝐚𝐛𝐮𝐥𝐚𝐫𝐲 𝐞𝐱𝐞𝐫𝐜𝐢𝐬𝐞 𝐁 . 𝐕𝐨𝐜𝐚𝐛𝐮𝐥𝐚𝐫𝐲 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭
𝐏𝐮𝐭 𝐭𝐡𝐞𝐬𝐞 𝐰𝐨𝐫𝐝𝐬 𝐚𝐧𝐝 𝐩𝐡𝐫𝐚𝐬𝐞𝐬 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐜𝐨𝐫𝐫𝐞𝐜𝐭 𝐜𝐨𝐥𝐮𝐦𝐧 .
upward downward level (no

Оноо
movement movement movement)
fall 1/1
rocket 1/1
plummet 1/1
increase 1/1
remain
1/1
steady
atten out 0/1
rise 1/1
crash 1/1
soar 1/1
remain
1/1
constant
drop 1/1
climb 1/1
https://docs.google.com/forms/d/e/1FAIpQLScFgXs4G833HXtO1RfeJB-uuUp8H5ZUgNebXOgBUJYtQrU8Xw/viewscore?viewscore=AE0zAgAi2xsDBV1FLiT… 10/17
remain
1/1
stable
dive 1/1
jump 1/1
1 1/1
1. borrow
2. lender
3. pledge
4. security
2 1/1
1. borrow
2. lender
3. pledge
4. security
3 1/1
1. borrow
2. lender
3. pledge
4. security
3 1/1
1. borrow
2. lender
3. pledge
4. security
1 0/1
margin call
minimum margin
on margin
share broker
2 0/1
margin call
minimum margin
on margin
share broker
3 1/1
margin call
minimum margin
on margin
share broker
4 0/1
margin call
minimum margin
on margin
share broker
𝐒𝐞𝐧𝐭𝐞𝐧𝐜𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐢𝐨𝐧
𝐔𝐬𝐞 𝐰𝐨𝐫𝐝𝐬 𝐚𝐧𝐝 𝐩𝐡𝐫𝐚𝐬𝐞𝐬 𝐟𝐫𝐨𝐦 𝐑𝐞𝐚𝐝𝐢𝐧𝐠 𝐄𝐱𝐞𝐫𝐜𝐢𝐬𝐞 𝐁 𝐚𝐧𝐝 𝐕𝐨𝐜𝐚𝐛𝐮𝐥𝐚𝐫𝐲 𝐄𝐱𝐞𝐫𝐜𝐢𝐬𝐞𝐬 𝐀 𝐚𝐧𝐝 𝐁 𝐭𝐨
𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐭𝐡𝐞𝐬𝐞 𝐬𝐞𝐧𝐭𝐞𝐧𝐜𝐞𝐬 .
Mr Raju, the Chairman of Sat yam Computer Services, must have been very 1/1
ashamed when he confessed his crime to his ________ of ________.
Board of Directors
India's ____________ - ____________ ____________ , the SEBI, failed to spot 0/1

the fraud for many years.
stock-market regulators
are better protected by the new disclosure 1/1

_____________ ____________ are better protected by the new disclosure 1/1

requirements in India.
Minority investors
𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐞𝐱𝐩𝐫𝐞𝐬𝐬𝐢𝐨𝐧𝐬
𝐂𝐡𝐨𝐨𝐬𝐞 𝐭𝐡𝐞 𝐛𝐞𝐬𝐭 𝐞𝐱𝐩𝐥𝐚𝐧𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐞𝐚𝐜𝐡 𝐩𝐡𝐫𝐚𝐬𝐞 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 .
' ... a crime so spectacular in its scale .. .' (lines 7-8) 1/1
very large
exciting
It is with deep regret ... that .. .' (line 10) 1/1
I am very happy to
I am very sorry to
' ... to bring the following facts to your notice .. .' (lines 11-12) 1/1
inform you about
put a notice up
' ... had undermined the confidence of .. .' (line 18) 1/1
caused them to lose con dence
exposed their con dence
' ... normally self-assured business community.' (lines 19-20) 1/1
heavily insured
self-con dent
' ... one of the most progressive industries .. .' (lines 24-25) 0/1
growing fast
modern in its behaviour
' ... the Mumbai Stock Exchange's benchmark Sensex Index .. .' (lines 39-40) 0/1
by which the general trend can be measured
most well known
' ... the game was up.' (line 60) 1/1
the fraud couldn't be concealed any longer
the company had closed
3/29/2023 Vocabulary Section
Vocabulary Section Нийт оноо 35/73
👉There are 𝟕𝟑 vocabulary questions that test the knowledge you acquired during the
course.
📢 :
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𝐀𝐓𝐓𝐄𝐍𝐓𝐈𝐎𝐍
button before time nishes! The Institute of

𝐒𝐔𝐁𝐌𝐈𝐓
Foreign Languages 𝐖𝐈𝐋𝐋 𝐍𝐎𝐓 𝐁𝐄 𝐑𝐄𝐒𝐏𝐎𝐍𝐒𝐈𝐁𝐋𝐄 𝐅𝐎𝐑 any inaccurate test taking
procedures related to: technical problems, not submitted cases etc.
🕒 Time limit: 𝟑𝟓 min to answer the questions

💯 Total scores: 𝟕𝟑 points

бүртгэсэн.
Vocabulary I 30 онооны 18
Match the following words with its description
https://docs.google.com/forms/d/e/1FAIpQLSd4WXco_itDksVaD8YgMRTNiqYc6Q_UGitzu7U3_5URZ3wpRA/viewscore?viewscore=AE0zAgDErxaOMxZOrkB… 1/32
When you have no money to pay debts, so you have to sell your assets. 1/1
1. bears
2. bulls
3. day traders
4. issue
5. shares
6. raise capital
7. institutional investors
8. collateral
9. bubble
10. bankruptcy
a name for investors who buy shares because they expect their price to 1/1
rise
1. bears
2. bulls
3. day traders
4. issue
5. shares
6. bankruptcy
7. bubble
8. collateral
10. raise capital
people who buy and re-sell shares in a very short time, often just a few 1/1
hours
1. raise capital
3. collateral
4. bubble
5. bankruptcy
6. shares
7. issue
8. day traders
9. bulls
10. bears
assets a borrower uses to secure or guarantee a loan 1/1
1. raise capital
3. collateral
4. bubble
5. bankruptcy
6. shares
7. issue
8. day traders
9. bulls
10. bears
to offer securities for sale, to financial institutions and the public 1/1
1. raise capital
3. collateral
4. bubble
5. bankruptcy
6. shares
7. issue
8. day traders
9. bulls
10. bears
a name for shareholders who sell because they expect the price to fall 1/1
1. raise capital
3. collateral
4. bubble
5. bankruptcy
6. shares
7. issue
8. day traders
9. bulls
10. bears
a period of rapidly rising share prices, followed by a quick collapse 1/1
1. raise capital
3. collateral
4. bubble
5. bankruptcy
6. shares
7. issue
8. day traders
9. bulls
10. bears
certificates representing part-ownership of a company 1/1
1. raise capital
3. collateral
4. bubble
5. bankruptcy
6. shares
7. issue
8. day traders
9. bulls
10. bears
financial organizations that own a lot of shares 1/1
1. raise capital
3. collateral
4. bubble
5. bankruptcy
6. shares
7. issue
8. day traders
9. bulls
10. bears
https://docs.google.com/forms/d/e/1FAIpQLSd4WXco_itDksVaD8YgMRTNiqYc6Q_UGitzu7U3_5URZ3wpRA/viewscore?viewscore=AE0zAgDErxaOMxZOrk… 10/32
to get money from investors with which to run a business 1/1
1. raise capital
3. collateral
4. bubble
5. bankruptcy
6. shares
7. issue
8. day traders
9. bulls
10. bears
Match the following words with its description
asset- market ec
raiders optimum conglomerates synergy diversity
stripping share o
adding new
and different
products or
services
a company's
sales
expressed as
a percentage
of the total
sales in a
market
reduction in
costs
resulting
from
increased
production
money paid
to investment
banks for
work done
all the
individuals or
organizations
that regularly
or
occasionally
purchase
goods or
services from
a company
best, perfect
or ideal
combined
production or
productivity
that is
greater than
the sum of
the separate
parts
people or
companies
that try to
buy and sell
other
companies to
make a pro t
large
corporations
or groups of
companies
offering a
number of
different
products or
services
buying a
company in
order to sell
its most
valuable
assets at a
pro t
The government has said that there will be no ________ with terrorists. 0/1
1. Concession
2. Tip
3. Negotiate
4. Scenario
5. Parameters
6. trade-off
7. Compromise
8. Deal point
9. Counter-proposal
10. Articulate
Many people are opposed to the new law, but have had no opportunity to 1/1
____________ their opposition.
1. Compromise
2. Concession
3. Counter-proposal
4. Deal point
5. Articulate
6. Parameters
7. Scenario
8. Negotiate
9. Tip
10. trade-off
Some politicians fear that agreeing to the ___________ would set a 0/1
dangerous precedent.
1. trade-off
2. Articulate
3. Counter-proposal
4. Tip
5. Deal point
6. Concession
7. Negotiate
8. Scenario
9. Parameters
10. Compromise
An administration official said Russia proposed that the call take place 0/1
Monday, but agreed to a ___________________ for the conversation to
take place Saturday.
1. Articulate
2. Compromise
3. Scenario
4. Parameters
5. Counter-proposal
6. trade-off
7. Tip
8. Concession
9. Negotiate
10. Deal point
In a negotiation, your goal is to get all your ___________ and as many of 1/1
your trading points as possible, recognizing that often you'll have to yield
one or more trading points to get your ______________ .
1. Compromise
2. Concession
3. Counter-proposal
4. Deal point
5. Articulate
6. Parameters
7. Scenario
8. Negotiate
9. Tip
10. trade-off
The report defines the ____________ of best practice at a strategic, 0/1

operational, and process level within an organization.
1. Compromise
2. Concession
3. Counter-proposal
4. Deal point
5. Articulate
6. Parameters
7. Scenario
8. Negotiate
9. Tip
10. trade-off
The worst __________ is that we lose two or three thousand pounds. 1/1
1. Compromise
2. Concession
3. Counter-proposal
4. Deal point
5. Articulate
6. Parameters
7. Scenario
8. Negotiate
9. Tip
10. trade-off
Despite the deep antipathies between them, the two sides have managed 1/1
to ____________ an agreement.
1. Compromise
2. Concession
3. Counter-proposal
4. Deal point
5. Articulate
6. Parameters
7. Scenario
8. Negotiate
9. Tip
10. trade-off
She gave me a useful practical tip for growing tomatoes. 1/1
1. Compromise
2. Concession
3. Counter-proposal
4. Deal point
5. Articulate
6. Parameters
7. Scenario
8. Negotiate
9. Tip
10. trade-off
These companies offer the best ____________ between risk and return for 0/1
most individual investors.
1. Compromise
2. Concession
3. Counter-proposal
4. Deal point
5. Articulate
6. Parameters
7. Scenario
8. Negotiate
9. Tip
10. trade-off
Vocabulary II 6 онооны 6
Match the words with de nition
The total amount of money spent in a market 1/1
Turnover
equity
domestic
liquid
speculators
uctuations
another word for stocks and shares 1/1
uctuations
turnover
liquid
speculators
equity
domestic
belonging to one's own country 1/1
turnover
speculators
liquid
domestic
equity
uctuations
people who buy and sell things in the hope of making a profit 1/1
equity
uctuations
domestic
liquid
turnover
speculators
easy to sell 1/1
turnover
equity
domestic
liquid
speculators
uctuations
price changes 1/1
turnover
equity
domestic
liquid
speculators
uctuations
Vocabulary III 15 онооны 6
Choose the appropriate words for the following numbers after completing the exercise in
picture.
Choose the appropriate words for the following numbers after completing the
exercise in picture.
1 2 3 4 5 6 7 8 9
conceivably
short-term
individuals
fast-moving
dividends
retirement
cash-
backed
investments
stockbroker
purchased
initially
liquid cash
ownership
revenues
exchange
Vocabulary IV 22 онооны 5
Choose the appropriate words for the following numbers after completing the exercise in
picture.
Accounting
1 2 3 4 5 6 7 8 9
investors
Lenders
nancial
nancial
analysts
Alternatives
salary
decision
monetary
evaluate
Potential
accounting
develop
creditors
Scheduled
Find words and phrases in the text to complete the text.
1 2 3 4 5 6 7 8 9
futures
hedge
exercise
put option
commodities
speculator
premium
call option
interest rate
swap
If you have nished the test, click on the 𝐒𝐔𝐁𝐌𝐈𝐓 button!
Маягт
𝐃𝐎 𝐍𝐎𝐓 𝐅𝐎𝐑𝐆𝐄𝐓 𝐓𝐇𝐄 🆂🆄🅱🅼🅸🆃 𝐁𝐔𝐓𝐓𝐎𝐍 𝐁𝐄𝐅𝐎𝐑𝐄 𝐓𝐇𝐄 𝐓𝐈𝐌𝐄 𝐄𝐍𝐃𝐒 𝐎𝐍 𝐆𝐎𝐎𝐆𝐋𝐄
𝐂𝐋𝐀𝐒𝐒𝐑𝐎𝐎𝐌 𝐂𝐋𝐀𝐒𝐒𝐖𝐎𝐑𝐊 .
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3/29/2023

Нийт оноо 26/29

Time limit: 40 min

Энэ маягтыг илгээхэд хариулагчийн имэйл хаяг (b20fa1044@ufe.edu.mn)-ийг

The European changeover to International Financial Reporting Standards 1/1

VOCABULARY PART I 10 онооны 8

Chief Executive Officers

Director of External Reporting

a synonym for proﬁtability (paragraph B) f. ..... .. p ..... .. . 1/1

Final Financial Statements

Key Accounting Policies

things which do not 'ﬁt' in a company's accounts (paragraph C) a .... .. .. 1/1

rules which force companies to publish a speciﬁc piece of information in 1/1

VOCABULARY PART II 13 онооны 12

CEOs have to __________ ongoing developments in I FRS. 1/1

5. keep up to date with

5. keep up to date with

Companies have to _________ staff. 1/1

5. keep up to date with

Companies have to _________ data-collection systems 1/1

5. keep up to date with

Companies have to _________ pay policies. 1/1

5. keep up to date with

Companies have to _________ key accounting policies. 1/1

5. keep up to date with

5. keep up to date with

5. keep up to date with

5. keep up to date with

work very hard

' ... when they have .. .' (lines 15-16) 0/1

put in place the main parts of the new reporting system

experienced their rst problems with the new reporting system

very signi cant

a big business contract

END OF THE TEST 0 онооны 0

Энэ маягтыг University of Finance and Economics дотор үүсгэсэн.

Энэ маягтыг илгээхэд хариулагчийн имэйл хаяг ийг

Энэ маягтыг дотор сгэсэн

Энэ маягтыг илгээхэд хариулагчийн имэйл хаяг ийг

Reﬁnancing your loan can help you ____. 0/1

reduce your long-term debt

take out other loans

pay for other improvements

pay for other improvements

the nancial market improves

they earn more money

home prices drop

The man is speaking with his _____. 1/1

How do you describe the man's current situation? 1/1

He has a lot of expenses including student loans.

He's in debt and is trying to borrow money.

He has a decent job, but he's looking for a new one.

Which sentence best describes the man's dining practices? 1/1

He tries to go out to eat every night.

He prefers to eat alone.

He doesn't know how to cook very well.

The man's apartment is ____. 1/1

a small place with a nice view of the city

an apartment downtown with free parking

a spacious apartment that includes cable TV

END OF THE TEST 0 онооны 0

Энэ маягтыг University of Finance and Economics дотор үүсгэсэн.

Нийт оноо 26/29

Time limit: 40 min