Money Talks! Discussing Financial Matters...
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Questions and Answers
- 1.
“Everything is going to plan. We will meet the deadline easily - the project is....”
- A.
In scope
- B.
On track
- C.
Under review
Correct Answer
B. On trackExplanation
The phrase "Everything is going to plan" suggests that the project is progressing smoothly and according to the intended schedule. Therefore, the correct answer is "on track," which means that the project is progressing as expected and is likely to meet the deadline easily.Rate this question:
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- 2.
“As I have said before, the outlook for the year is strong," the CFO...
- A.
Reiterated
- B.
Refuted
- C.
Reconciled
Correct Answer
A. ReiteratedExplanation
The word "reiterated" means to repeat or emphasize something that has already been said. In this context, the CFO is restating their previous statement about the strong outlook for the year.Rate this question:
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- 3.
“The change process is gathering momentum” means:
- A.
The change process is accelerating.
- B.
The change process is slowing down.
- C.
The change process is losing support.
Correct Answer
A. The change process is accelerating.Explanation
The phrase "gathering momentum" implies that the change process is gaining speed and becoming more powerful. It suggests that the process is moving forward at an increasing rate, indicating progress and positive movement. Therefore, the correct answer is that the change process is accelerating.Rate this question:
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- 4.
"Revenue" is
- A.
The sum of a company’s income
- B.
The sum of a company’s income minus expenses
- C.
The sum a company’s gains increase year on year
Correct Answer
B. The sum of a company’s income minus expensesExplanation
The correct answer is "The sum of a company’s income minus expenses." Revenue refers to the total amount of money generated by a company through its primary business activities. However, it is important to deduct the expenses incurred by the company in order to calculate the actual revenue. Subtracting the expenses from the income provides a more accurate representation of the company's financial performance and profitability.Rate this question:
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- 5.
“These results are ______. We need to wait for the final audit.”
- A.
Spurious
- B.
Preliminary
- C.
Enhanced
Correct Answer
B. PreliminaryExplanation
Which word completes the sentence? Only one answer is correct.Rate this question:
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- 6.
The year-on-year increase of a company’s income is called:
- A.
Margin
- B.
Growth
- C.
Profit
Correct Answer
B. GrowthExplanation
The correct answer is "Growth" because it refers to the year-on-year increase of a company's income. Margin refers to the difference between the cost of production and the selling price, while profit is the financial gain obtained after deducting expenses from revenue. Therefore, "Growth" is the most appropriate term to describe the increase in income over time.Rate this question:
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- 7.
“At the big convention, they were plugging that HCM software.” What does this mean?
- A.
They were saying they were not going to develop HCM software any further.
- B.
They were advertising the HCM software.
Correct Answer
B. They were advertising the HCM software.Explanation
The phrase "plugging that HCM software" suggests that the speaker was promoting or advertising the HCM software at the big convention. This implies that they were actively trying to generate interest and attract attention to the software, rather than indicating that they were discontinuing its development.Rate this question:
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- 8.
“The service and support revenue is certainly not the cash cow of that company.”
- A.
They consider service and support unimportant.
- B.
They don’t make a lot of money with selling service and support offerings.
Correct Answer
B. They don’t make a lot of money with selling service and support offerings.Explanation
The correct answer is "They don’t make a lot of money with selling service and support offerings." This is because the statement mentions that the service and support revenue is not the cash cow of the company, indicating that it does not generate significant profits.Rate this question:
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- 9.
What does it mean if someone says that they had to jump through hoops to achieve results?
- A.
They were invited to take part in many sales events.
- B.
They got to meet plenty of customers for socializing over dinner.
- C.
They had to overcome many problems.
Correct Answer
C. They had to overcome many problems.Explanation
The phrase "jump through hoops" is an idiom that means to go through a series of difficult or challenging tasks or obstacles in order to achieve a desired outcome. In this context, if someone says that they had to jump through hoops to achieve results, it means that they had to overcome many problems or face numerous challenges in order to accomplish their goals.Rate this question:
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- 10.
Another word for "impact" is...
- A.
Result
- B.
Outcome
- C.
Influence
Correct Answer
C. InfluenceExplanation
"Impact" refers to the effect or influence that something has on another thing. Therefore, "influence" is another word that can be used to convey the same meaning as "impact".Rate this question:
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