Word study
1. Match the words with their definitions.
VALUE, LAYOUT, BREAK-EVEN POINT, TAX RETURN, COMMITMENT, MONETARY UNIT, MARK-UP, MERCHANDISING, MARK-DOWN
The level of sales at which the income from goods sold is just enough to cover production, neither profit nor loss being made.
A promise; something to which one has committed oneself, which one is bound to do; a payment which one is bound to make.
The amount that can be obtained for something by exchanging it for money or goods.
The standard unit of the currency of a country.
The active planning and organization of various ways of attracting the public to buy a particular product in the shops such as displays, free samples, free gifts, competitions.
A reduction in price, usually to encourage a quick sale.
An increase in the price of something, for example the difference between its cost and the price that you sell it for.
In Britain, a statement which every taxpayer must by law make once a year.
The way the building and its contents are arranged. A drawing or diagram showing this.
2. Supply the sentences with the missing words.
He has ... expenses while travelling.
The company faced with the debt problem and the need to prove ... .
The cost of production is £2 per article. I ... that owe me £75.
I complete all calculations in the correct ... .
The government has been criticized because of its ... of the working class area.
Nothing would budge him from his ... that he could run a newspaper successfully.
Raw materials are ... available in Britain.
We're unable to ... who the owners are.
Poverty must be ... .
Skilled men were ... and construction got under way.
Ascertain, abundantly, sequence, eliminate, incur, hire, neglect, creditworthiness, estimate, conviction
3. Choose the correct word for each sentence.
I'll ask my bank manager for (advice/advise) about investment.
He first spoke (briefly/shortly) about the agenda for the day.
She took her case to an (industrial/industrious) tribunal.
Unfortunately we have (mislaid/misled) the original invoice.
The secretary made (notes/notices) of what was said at the meeting.
If you pay too much tax you get a (discount/rebate).
Lawyers here only get their (fee/wages) if they win the case.
The (income/salary) from the investment is £52,000 a year.
She hopes to get a (chair/seat) on the board.
We (check/control) each new consignment very carefully.
I enclosed (complements/compliments) slip with the catalogue.
Do these cars (confirm/conform) to the new safety regulations?
You shouldn't read (confident/confidential) documents!
Normally, she's a very (conscientious/conscious) worker.
The unions criticized the government's (economic/economical) policy.
The (overtake/takeover) bid from Jenkins came as a complete surprise.
Please send me your latest catalogue and (price/prize) list.
We've increased (produce/productivity) by 10 % in this factory.