Circle A, B, C or D that most accurately fits the meaning and check your answers with the key.
1. Glut
A. excessive supply
B. serious shortage
C. quantity
D. congestion
2. Lucrative
A. slippery
B. profitable
C. incredible
D. unprofitable
3. Inept
A. large
B. insecure
C. incompetent
D. secret
4. Savvy
A. brilliance
B. honesty
C. beauty
D. shrewdness
5. Liquidator
One who
A. closes down a business
B. can be trusted
C. protects your valuables
D. comes to your help
6. Underwriter
One who
A. criticises you
B. finances something
C. works for you
D. trains you
7. Green mail
A. held-up mail
B. air letters
C. a takeover threat
D. money from mail
8. Mother lode
A. parent company
B. addition
C. overstock
D. rich source
9. Conglomerate
A. large corporation
B. small company
C. subsidiary
D. monopoly
10. Fraudulent
A. offensive
B. credible
C. deceitful
D. honest
11. Blue-chip
Designating a
A. takeover target
B. good company stock
C. winning number
D. poor bet
12. Subsidiary
A. new company
B. substitution
C. unlicensed company
D. a business controlled
by another
13. Ethical
A. moral
B. immoral
C. practical
D. professional
14. Dun
A. to add
B. to solicit money for charity
C. to find fault
D. to press for payment
15. Aborted
A. started
B. terminated
C. delayed
D. overlooked
16. Arbitrage
A. legal action
B. decentralisation
C. assumption of control
D. profit from unequal prices
17. Windfall
A. unexpected good fortune
B. sudden financial reversal
C. illegal profit
D. period of low activity
18. Debenture
A. failed business
B. weakness
C. bond
D. partnership
19. Caveat emptor
A. empty the safe
B. not to give in
C. not to trust anyone
D. let the buyer beware
20. Golden parachute
A. lucrative severance contract
B. well-paid job
C. new position
D. decorated office
Key
1. A
2. B
3. C
4. D
5. A
6. B
7. C
8. D
9. A
10. C
11. B
12. D
13. A
14. D
15. B
16. D
17. A
18. C
19. D
20. A
Ratings
10 – 14 Correct:
Good
15 – 17 Correct:
Excellent
18 – 20 Correct:
Exceptional