Choose the synonym, according to the chapter
Buyout (The board of directors rejected the competitor's hostile buyout offer)
a. financing
b. leverage
c. divestment
d. sell-off
e. acquisition
Acquisition
Something that will generate sufficient income in comparison to how much was invested in it.
a. repurposing
b. local knowledge
c. cost effective
d. distribution channels
e. supply channels
Cost effective
Raise additional capital
Ex: The company is planning to raise additional capital by offering new shares of common stock to existing investors.
Starting an old shops are always a risky venture.
Starting a new shop is always a risky venture.
The _____ committee can recommend an appropriate action b. She is acting in an _____ role for the tech startup.
The advisory committee can recommend an appropriate action b. She is acting in an advisory role for the tech startup.
Run the numbers (Let's run the numbers on the mortgage to see if refinancing is a good idea)
a. ignore the data
b. do the math
c. go with your gut
d. take the data for granted
e. foretell the figures
Do the math
A person who owns leased property
a. tenant
b. lessee
c. bank
d. financier
e. lessor
Lessor
Lessee
Ex: The lessee will pay $275 per month for four years
Buyers decide the economy value of a phone by comparing your features to them cost.
Buyers decide the economic value of a phone by comparing its features to its cost.
We put a $20,000 _____ on our new house and financed the rest with a 30-year mortgage b. She saved for two years to afford a 10% _____ on a new car.
We put a $20,000 down-payment on our new house and financed the rest with a 30-year mortgage b. She saved for two years to afford a 10% down-payment on a new car.
Flat tax (To simplify tax administration and encourage foreign investment, the government implemented a flat tax of 15% on all corporate earnings)
a. progressive tax
b. sponsorship
c. subsidy
d. proportional tax
e. exemption
Proportional tax
Divisions based on income that are each required to pay a different rate of tax
a. income brackets
b. tax brackets
c. tax breaks
d. business associations
e. resource classification
Tax brackets
Tax avoidance
Ex: The corporation utilized legal loopholes in the tax code to practice tax avoidance, drastically reducing its annual tax bill without breaking any laws
Economists debated if to levy higher markups on imported steel.
Economists debated whether to levy higher tariffs on imported steel.
_____ is the illegal practice of not paying taxes, such as hiding income or inflating deductions b. Unlike legal tax avoidance, _____ involves deliberately deceiving the government to avoid paying what you owe.
Tax evasion is the illegal practice of not paying taxes, such as hiding income or inflating deductions b. Unlike legal tax avoidance, tax evasion involves deliberately deceiving the government to avoid paying what you owe.
Outsourced (The company has outsourced payroll and accounting)
a. subcontracted
b. insourced
c. reshored
d. repatriated
e. onshored
Subcontracted
A group of employees within an organization that monitor the organization's operations, records, etc.
a. external audit team
b. external control unit
c. board of accountancy
d. quality assurance personnel
e. complaint department
Quality assurance personnel
Privacy policy
Ex: Our accounting firm follows a strict privacy policy to ensure that your personal financial data remain completely confidential and secure
The contract say all third parties can view the sensitive project flies.
The contract says no third parties can view the sensitive project files.
His deep _____ in chemistry helped him land a job at a cosmetics company b. _____ is a high level of knowledge and experience within a given field.
His deep expertise in chemistry helped him land a job at a cosmetics company b. Expertise is a high level of knowledge and experience within a given field.
Merger (The two tech giants have announced their merger)
a. spin-off
b. agreement
c. amalgamation
d. split
e. dissolution
Amalgamation
A service performed by an accountant in which the accountant offers his or her professional opinion about something (e.g., an audit opinion).
a. attest services
b. content creation
c. cybersecurity
d. business english
e. corporate law
Attest services
Flextime
Ex: Our office uses flextime so parents can come in early and leave in time to pick up their kids.
An audit opinion is the personal opinion of an bookkeeper regarding the results of an audit.
An audit opinion is the professional opinion of an accountant regarding the results of an audit.
_____ is an accounting field in which an accountant assists law professionals. b. When dealing[1] with allegations[2] of fraudulent activity, they retained[3] a forensic accountant for _____ to quantify the exact economic damages
Litigation support is an accounting field in which an accountant assists law professionals. b. When dealing with allegations of fraudulent activity, they retained a forensic accountant for litigation support to quantify the exact economic damages.