Business Nouns — Fill in the Gap, Set 1 (B1)

Your task

Fill in the gap in each sentence with the correct word or phrase.

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Keep practising! Focus on the explanations below.

Her with the HR manager is confirmed for 9:30 tomorrow morning. (APPOINT)

Correct answer: appointment

Add -ment to "appoint" to form "appointment" — the noun for a scheduled meeting; after the possessive "Her," a noun is required, not the verb "appoint."

The office manager made a last-minute for a projector to be set up in the boardroom. (ARRANGE)

Correct answer: arrangement

Add -ment to "arrange" to form "arrangement" — the noun for something organised in advance; "arrange" is a verb and cannot follow the article "a" in a noun slot.

The new product manager gave a confident to the board on the launch strategy. (PRESENT)

Correct answer: presentation

Add -ation to "present" to form "presentation" — the noun for a formal talk; "confident" modifies a noun, so the verb "present" cannot be used here.

The client called to request a of Friday's meeting to the following week. (POSTPONE)

Correct answer: postponement

Add -ment to "postpone" to form "postponement" — the noun for an official delay; "a" requires a countable noun to follow, so the verb "postpone" cannot fill this slot.

Staff who travel on company business must submit all receipts to receive of their costs. (REIMBURSE)

Correct answer: reimbursement

Add -ment to "reimburse" to form "reimbursement" — the noun for money paid back to an employee; after "to receive," a noun object is required; "reimburse" is a verb and cannot serve as the object noun.

Any over $500 requires prior approval from the finance manager before it is processed. (TRANSACT)

Correct answer: transaction

Add -ion to "transact" to form "transaction" — the noun for a business deal or payment; "Any" is a determiner before a singular countable noun, so the verb "transact" cannot follow it.

The chairperson proposed an early so that delegates could study the revised figures overnight. (ADJOURN)

Correct answer: adjournment

Add -ment to "adjourn" to form "adjournment" — the noun for an official suspension of a meeting; "an early" requires a noun; the verb "adjourn" cannot follow the article "an."

The of the quarterly report to all branch managers was completed before noon on Friday. (CIRCULATE)

Correct answer: circulation

Add -ion to "circulate" to form "circulation" — the noun for the act of distributing; "The" at the start requires a noun as the sentence subject; the verb "circulate" cannot serve as the subject noun here.

The sharp economic forced many companies to cut costs and reduce their workforce. (RECEDE)

Correct answer: recession

"Recede" → "recession" — not "recedement" or "recedion"; the -cession ending is a Latin root pattern; after "the economic," a noun is required, and this irregular spelling change is a key TOEIC finance term to memorise.

Visitors must sign in at the hotel before proceeding to the conference floor. (RECEIVE)

Correct answer: reception

"Receive" → "reception" — the -ion suffix is applied to the Latin stem "recept-"; "reception" refers to the front desk area, while "receptionist" is the person who works there; "sign in at the ___" points to a place, so "reception" is correct.

The finance officer checked the account before authorising any further purchases that quarter. (BALANCE)

Correct answer: balance

"Balance" is both a verb and a noun; here it is the noun meaning the amount of money remaining in an account; learners sometimes write "balancing" (gerund) thinking of the verbal form, but only the noun "balance" fits after "account" in this fixed financial expression.

Economists warned that the persistent rise in would significantly erode consumers' purchasing power. (INFLATE)

Correct answer: inflation

Add -ion to "inflate" to form "inflation" — the noun for a sustained rise in general price levels; after "rise in," a noun is required; "inflate" is a verb and cannot follow "in"; "inflationary" is an adjective and also incorrect in this noun slot.

The accountant calculated the annual of the company's equipment using the straight-line method. (DEPRECIATE)

Correct answer: depreciation

Add -ion to "depreciate" to form "depreciation" — the accounting noun for the loss of asset value over time; "calculated" requires a noun as its direct object; "depreciate" is a verb and cannot function as a noun without the -ion suffix.

The auditors discovered that a line item had been misclassified in the annual income . (STATE)

Correct answer: statement

Add -ment to "state" to form "statement"; "income statement" is a fixed compound noun in financial English; "state" is a verb and cannot follow "income" in this noun phrase; "stating" is equally incorrect here.

The prospective investor requested the most recent audited before committing any capital to the venture.

Correct answer: financial statement

"Financial statement" is the full business English compound noun for a company's formal financial report; "statement" alone is minimally acceptable in context, but "financial statement" demonstrates the B1+ TOEIC business vocabulary precision required at this level; writing "state" (a verb) or "finance statement" (non-standard) misses the target.

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