Choose the synonym, according to the chapter
Forecasts (The company's forecasts indicated that they would have a very bad second quarter)
a. facts
b. projections
c. beliefs
d. divinations
e. guesses
Projections
A prediction or estimate based on experience, knowledge, and logical reasoning rather than pure chance
a. random estimate
b. guess c. speculation
d. budgeting
e. educated guess
Educated guess
Positive outlook
Ex: The quarterly report showed a positive outlook for net revenue growth over the next fiscal year
Good business budgeting helps a company track your money and plan for past growth.
Good business budgeting helps a company track its money and plan for future growth.
Annual revenue is a key _____ for determining a business's financial health b. We used a wooden _____ to measure the amount of liquid in the tank.
Annual revenue is a key yardstick for determining a business's financial health b. We used a wooden yardstick to measure the amount of liquid in the tank.
Impropriety (The external audit uncovered several instances of financial impropriety, including unauthorized transfers and manipulated expense reports)
a. malpractice
b. transparency
c. integrity
d. compliance
e. laundering
MalpracticeDo the math
The level that must be reached in order to receive some reward.
a. border
b. loss zone
c. deadline
d. cutoff point
e. maximum
Cutoff point
Material adjustment
Ex: A material adjustment is an entry that is recorded to correct an incorrect or false entry.
Asecuring a clean opinion made it much easiest for the small business to get a bank loans.
Securing a clean opinion made it much easier for the small business to get a bank loan.
The payment didn't go through due to a _____ at the bank b. They found the driving license was invalid due to a _____ by the transit office.
The payment didn't go through due to a clerical error at the bank b. They found the driving license was invalid due to a clerical error by the transit office.
Recoup (It will take the company three years to recoup its initial investment of $500,000 in new factory equipment)
a. capture
b. waste
c. win
d. lose
e. recover
Recover
To decrease for a long period.
a. expansion
b. progression
c. slump
d. stagflation
e. burnout
Slump
Break-even
Ex: The accountant calculated that the coffee shop needed to sell 1,000 cups of coffee per month to reach its break-even point.
Locked-in capital canot be reallocated untill the proyect end.
Locked-in capital cannot be reallocated until the project ends.
The _____ is the percentage of sales revenue remaining after deducting variable costs. b. The _____ shows how much of each dollar is available to cover fixed costs and generate profit.
The margin ratio is the percentage of sales revenue remaining after deducting variable costs. b. The margin ratio shows how much of each dollar is available to cover fixed costs and generate profit.
Free circulation (Multinational corporations heavily rely on the free circulation of capital to optimize their global supply chains and investments)
a. blocked access
b. customs control
c. special procedures
d. unrestricted movement
e. censorship
Unrestricted movement
A decision that is made for the purpose of improving one's situation.
a. sabotage
b. strategic decision
c. adoption
d. global application
e. obstruct
Strategic decision
Worldwide trend
Ex: Remote work has quickly grown into a worldwide trend as more companies let employees stay at home
The auditor emfasized trasparency, arguing tath globalized standards prevent creative accounting tricks.
The auditor emphasized transparency, arguing that globalized standards prevent creative accounting tricks.
Unlike large multinational corporations, many _____ firms benefit from faster decision-making processes b. They decided to rent a _____ sedan for their family road trip.
Unlike large multinational corporations, many mid-sized firms benefit from faster decision-making processes. b. They decided to rent a mid-sized sedan for their family road trip.
Vernacular (Learning vernacular expressions is essential with any language)
a. formal
b. educated
c. colloquial
d. technical
e. meticulous
Colloquial
Signals that are sent through patterns in words. a. verbal cues
b. cultural codes
c. behavioral communication
d. social cues
e. reflection
Verbal cues
Stay in touch.
Ex: Let's exchange phone numbers so we can stay in touch.
Linguistic cues is signals that are sent through pattern at language.
Linguistic cues are signals that are sent through patterns in language.
_____ is casual speech, often including idioms b. “Mucker” is an English _____ term for "friend".
Slang is casual speech, often including idioms b. “Mucker” is an English slang term for "friend".