ESP – LEVEL VI

MOCK TEST

I Complete the text using the given words:

auditequitycash flowdebt gross profit

inventorysecuritiesanalysisassetsinsight

Balance Sheet

It's called a balance sheet because the two sides balance out. This makes sense: a company has to pay for all the things it has (___assets______) by either borrowing money (liabilities) or getting it from shareholders (shareholders' _____equity______).
Each of the three segments of the balance sheet will have many accounts withinit that document the value of each. Accounts such as cash, ___inventory______and property are on the asset side of the balance sheet, while on the liability sidethere are accounts suchas accounts payable orlong-term ___debt______.

The balance sheet, along with the income and cash flow statements, is an important tool for investors to gain ______insight______into a company and its operations.

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II Complete the text using one letter per each gap:

The chart clearly shows the dramatic fall in production since the beginning of the year, and

unfortunately , this is a trend which will continue. The closure of our Lufwa plant in January

accounted for the sharp fall at that time and, as sales have continued to decline , we have had to temporarily shut down a number of our factories.

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III Complete the gaps using the correct future form (Future Simple, be going to, Present Simple and Present Continuous):

  1. I promise I ______will call______(call) you as soon as I have any news.
  2. Our representative _____is flying______(fly) to Berlin tomorrow.
  3. I heard that you won the employee of the month award. What ______are you going to do___ (you / do) with all that money?
  4. The year 2015 ______will be______(be) an interesting year.

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  1. The conference ____starts______ (start) at 9:30.

IV Complete the gaps using the correct prepositions:

  1. Turnover increased __by______more than ten per cent last year.
  2. The trouble __with______this approach is that it is too costly.
  3. They are doing research ____into______new ways of marketing products.
  4. We import meat products ____from______China.
  5. The prices closed ___at______€5.

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V Complete the gaps using the correct form of the conditional:

  1. These gadgets are not produced any more. If they _____were______(be) available anywhere now, I ______would pay______(pay) any price for them.
  2. My aunt always bets but yesterday she forgot and the Bulls won! If she _____had bet______(bet) that much money on the Bulls, she and Uncle Chester ____would have been able______(be able) to retire.
  3. My brother is so strict! If my brother ______were/was______(be) my boss, I ______wouldn’t have______(not have) a job!
  4. If I _____boxed______(box) against Evander Holyfield, he ____would kill______(kill) me.
  5. I ____’ll give______(give) you a call, if I ______fly______(fly) to Phoenix tomorrow.

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V Complete the gaps:

Valentine's Day Gifts

Thepie chartscompare thetypesofgiftsthatmen and women buy for each other on Valentine's Day. Overall/In general, it is clearly seen thatthe most popular gifts in USA are card, flowers and candy.
Themost common Valentine's gift is card with nearly one fifthofmen and over one quarterofwomen purchase for it. Fair sex prefers to offer candy to their lover, 21% ofwomencompared with 14% of men. In contrast, 16% of strong sex prefers to buy flowers to ladies, more than 5% of their counterparts. About a halfof both men and women choose these three items as giftson Valentine's Day.
Other gifts are jewelry, perfume, lingerie, personal care, and so on.... In this group, theleast popular gift thatmen buy for women is perfume (4%) and thatwomen buy for men is personal care (1%). A quarterofmen spent money on other items while 17% ofwomen do so.
In conclusion, the trends of choosing giftson Valentine's Day in both sexes are not much different. There are plenty of presents that can be purchased, but card, flowers, and candy are the top three gifts.

(suggested answers)

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VI Make sentences using the following words:

  1. quota, impose – The USA imposed quotas on Chinese import.
  2. dominate, niche market – This manufacturer dominates the healthy food niche market.
  3. debts, settle, bankruptcy – If they cannot settle the debts, they will file for bankruptcy.
  4. magnitude, estimate – We have to estimate the maginitude of the problems.

(suggested answers)

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