Tài liệu Mid-term business English test 60 - TACN 2 K6 KTTHB bai 2 doc

KIỂM TRA GIỮA HỌC PHẦN MÔN TIẾNG ANH CHUYÊN NGÀNH 2 BÀI SỐ 2 Thời gian: 45 phút I. Lựa chọn phương án đúng nhất để trả lời hoặc hoàn thành các câu sau. 1. If you wanted to know what accounting rules a company follows related to its inventory, where would you look? A. the balance sheet C. the notes to the financial statements B. the income statement D. the headings to the financial statements 2. The price to earnings ratio measures ______________________. A. the ethics of the company C. the liquidity of the company B. the rationality of the stock market D. the public’s perception of the company 3. Total asset turnover is a component of _________________________ A. operating efficiency B. solvency C. comparability D. profitability 4. If Nekton Electronics owed Bloomfield Ltd. $50,000, Nekton Electronics would reflect this in its __________. A. statement of cash flows C. balance sheet B. income statement D. statement of stockholder’s equity 5. Which of the following ratios would be of the least interest to the short-term creditor of the business? A. acid-test ratio B. current ratio C. working capital ratio D. times interest earned 6. Which of the following ratios must be reported on the face of the income statement? A. Price-earnings ratio C. Earnings per share B. Profit margin D. Return on stockholders' equity 7. Five areas that financial ratios concentrate on are _________________________. A. liquidity, current ratio, quick ratio, interest cover, dividend cover B. profitability, strategy, liquidity, auditing, share prices C. liquidity, profitability, debt, efficiency, market related D. market related, share prices, dividend policy, debt policy, strategy 8. Asset utilization ratios are used to measure __________________________. A. how efficiently the firm uses its assets to generate $1 in sales. B. how much income a firm generates relative to its assets, equity, and sales. C. how much debt the firm is using relative to other sources of financing. D. the speed with which a company can turn its short-term assets into cash to pay off its short-term debts. 9. Ratios that measure the ability of the company to pay its long-term debts are called _________________. A. cover ratios B. leverage ratios C. liquidity ratios D. profitability ratios 10. Return on sales, return on assets and return on equity are examples of _____________________. A. liquidity ratios B. debt ratios C. efficiency ratios D. profitability ratios 11. Net income divided by shareholders’ equity is the definition of _______________________. Page 1 A. asset turnover B. return on equity C. return on sales D. return on assets 12. The quick ratio is defined as __________________________. A. current assets divided by current liabilities C. current assets less inventory, divided by current liabilities B. current assets divided by total debt D. current assets less inventory, divided by total liabilities 13. Return on assets is defined as _____________________. A. operating income divided by sales C. operating income divided by long-term assets plus debt B. operating income divided by total assets D. operating income divided by owners’ equity 14. The debt to equity ratio measures ________________________. A. the relative proportions of debt and equity in the capital structure C. liquidity B. the likelihood of the company going bankrupt in the short term D. the efficiency of the company 15. Total asset turnover, receivables turnover and inventory turnover ratios measure _______________. A. liquidity B. profitability C. efficiency D. debt II. Hoàn thành các câu sau sử dụng các thuật ngữ cho sẵn trong khung. current ratio debt ratios profitability ratios ratio analysis liquidity ratios report form statement of changes in owner’s equity return on sales 16. _______________________ indicates what percentage of net sales represents profit. 17. ________________________ is a comparison of two items on a financial statement, resulting in a percentage that is used to evaluate the relationship between the two items. 18. ___________________________ relate the financial charges of a firm to its ability to service, or cover, them. 19. In the ___________________________, the classifications of balance sheet accounts are shown one under the other. 20. The various _______________________________ help in judging the operation efficiency of the company and also whether or not company using the resources judiciously. III. Xác định các câu sau có nội dung đúng hay sai theo nghiệp vụ chuyên môn. Nếu đúng, ghi TRUE. Ngược lại, ghi FALSE. 21. ______ Ratio analysis brings the information on financial statements into sharper focus so that a firm's managers and others can measure its productivity, profitability, and sources of financing relative to other firms. 22. ______ After ratios are computed, it is not much help to compare them with those of similar organizations. 23. ______ Profitability ratios measure how efficiently a firm uses its assets to generate $1 of sales. 24. ______ Liquidity ratio measure the ability of a business to meet long term obligations. 25. ______ Debt utilization ratios measure how much debt a company is using relative to other sources of capital. IV. Đọc bài báo sau và trả lời câu hỏi TRUE / FALSE phía dưới. Total invests £800m in US solar power firm French oil company is to buy 60% of SunPower Corporation, the second biggest solar panel manufacturer in America. Page 2 Total, one of the world's largest oil companies, is to make a $1.38bn (£800m) investment in solar power reversing a trend that has seen Shell and BP cut back their involvement in green energy. France's biggest company is to purchase 60% of SunPower Corporation, the second biggest solar panel manufacturer in America, and use it as a new springboard into a renewable sector struggling for competitive edge. Shares in SunPower surged 40% after it revealed a "friendly tender offer" from an oil company that had been expected to put major new investment into nuclear rather than solar or wind, at least until the Japanese earthquake raised new questions about the safety of atomic power. "The world future energy balance will be the result of a long-term transition in which renewable energies will take their place alongside conventional resources," said Philippe Boisseau, president of Total's gas and power division. Total has been raking in enormous profits from oil at $120 a barrel – but is said to see renewables energy as a useful hedge. High crude prices make alternative power sources more attractive but the solar industry has also been hit in places such as Britain, Germany and Spain which have started to cut their public subsidies as part of wider plans to reduce debt levels. Total is not an entire newcomer to renewables. It has held a half share in two solar firms since the early 1980's – Photovoltech and Tenesol. In November Total unveiled plans to build a solar panel manufacturing plant in the Moselle region of France with annual capacity of 220,000 solar panels a year. The oil company will now inject $1bn into SunPower over the next five years allowing the US solar business to "accelerate our power plant and development business," according to its chief executive Tom Werner. SunPower has been hit by mounting competition from lower cost Chinese panel makers but still claims to design, manufacture and deliver the highest efficiency solar products in the industry. BP and Shell made major forays into renewables but have backed off in recent years. BP shut down its stand-alone Alternative Energy head office while Shell sold off a major part of its photovoltaic module production to SolarWorld of Germany in 2006 and then disposed of its solar rural business in the developing world. Total had been investing in nuclear having acquired an 8.33% interest, in the consortium commissioned to develop the European pressurized reactor project in Penly, France, with EDF and GDF Suez. The Fukushima plant accident – coupled with the 25th anniversary of the Chernobyl accident – has spread a pall of negativity over nuclear energy business. Câu hỏi phần đọc hiểu 26. ______ BP has reduced its input in the green energy business. 27. ______ Australians are planning to buy a solar panel producer from America. 28. ______ In spring Total uncovered its plans of building a solar panel factory. 29. ______ Alternative power sources are more attractive due to high oil prices. 30. ______ SunPower is competing with Chinese cheap solar power manufacturer. Page 3 . following ratios would be of the least interest to the short-term creditor of the business? A. acid -test ratio B. current ratio C. working capital ratio D can turn its short-term assets into cash to pay off its short-term debts. 9. Ratios that measure the ability of the company to pay its long-term debts are