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• 6 The wrong way to prepare a budget is to simply include everything at last year's level plus a
• 7 For example, during the U.S. savings and loan crisis in the 1980s, many institutions ....... asset
• 6 Try to aim for a ....... style, but without employing bad grammar, slang, or otherwise questionabl
• 10 n. person who gives support to a superior; aide; helper(A) tour (B) commodity (C) pose (D) assist
• 4 When you have set a budget, you should ....... to it as much as possible, but revise it when neces
• 7 Focus first on the largest costs, since they should have the greatest ....... for reduction.(A) po
• 8 In hindsight, users of their financial statements were not well served by the accounting system ..
• 7 Be merciless in eliminating the ....... that most people put into letters: it wastes the recipient
• 1 v. to perform; to do; to engage(A) commit (B) object (C) include (D) switch
• 4 With a few exceptions the members of the Commission of European Contract Law have been academics,
• 10 It is envisaged that the general principles of the law of contracts provided in the PECL will be
• 9 Fair value ....... argue that measuring financial assets as close as possible to their true underl
• 4 A single global standard will increase the ....... of financial presentations, which currently var
• 1 adj. of a skilled occupation; working in one of the skilled occupations(A) professional (B) averag
• 5 Budgeting itself can help a company reduce costs, because every item in it must be ....... beforeh
• 8 Do not overestimate the ....... sales for the budget period.(A) conjectural (B) considered (C) det
• 1 n. colored substance applied to surfaces; layer of dried pigment on a surface(A) paint (B) study (
• 8 A good business letter is simple and straightforward without being simplistic or ........(A) panor
• 5 The Members have not been representatives of specific political or governmental ......., and they
• 9 Creating a(n) ....... forecast requires estimating the expected monthly expenditures and matching
• 10 Users would also benefit from a clearer picture of the economic ....... of the enterprise.(A) bre
• 6 The Principles may be compared with the American Restatement of the Law of Contract, which consist
• 10 Many companies maintain a ....... budget, so that they are continually budgeting for this time ne
• 1 v. to assign too low a value to(A) underestimate (B) privatize (C) regulate (D) box
• 7 Some of the Principles of European Contract Law reflect ideas which have not yet ....... in the la