Your taskChoose the correct answer for each question.0 / 15 selectedYour score0 / 150%Keep practising! Review the explanations below and try again.1The company's automated ___ system generates and sends bills to clients within 24 hours of delivery.The company's automated ___ system generates and sends bills to clients within 24 hours of delivery.invoiceinvoicedinvoicinginvoicesCorrect answer: invoicing2The bank required fully ___ accounts before it would consider approving the business loan application.The bank required fully ___ accounts before it would consider approving the business loan application.auditauditingauditableauditedCorrect answer: audited3The merger proved highly ___, generating over $500 million in combined savings within the first two years.The merger proved highly ___, generating over $500 million in combined savings within the first two years.profitprofitableprofitabilityprofitablyCorrect answer: profitable4___ financial statements are published four times a year and are reviewed closely by institutional investors.___ financial statements are published four times a year and are reviewed closely by institutional investors.QuarterlyQuarteredQuarterPer-quarterCorrect answer: Quarterly5The parent company ___ its subsidiary $3 million at a zero-interest rate to cover cash-flow shortfalls.The parent company ___ its subsidiary $3 million at a zero-interest rate to cover cash-flow shortfalls.borrowedlendingloanedloansCorrect answer: loaned6Capital ___ on new manufacturing equipment was 18% higher than the approved budget for the year.Capital ___ on new manufacturing equipment was 18% higher than the approved budget for the year.expenseexpensesexpendingexpenditureCorrect answer: expenditure7The government announced a record trade ___ after imports exceeded exports for the fifth consecutive quarter.The government announced a record trade ___ after imports exceeded exports for the fifth consecutive quarter.deficiencydeficitdefectshortfallCorrect answer: deficit8___ were suspended for two years while the company used retained earnings to fund its expansion programme.___ were suspended for two years while the company used retained earnings to fund its expansion programme.DividendsDividendDividingDividedCorrect answer: Dividends9Department heads are directly ___ to the CFO for budget compliance and financial reporting accuracy.Department heads are directly ___ to the CFO for budget compliance and financial reporting accuracy.accountingaccountantaccountableaccountedCorrect answer: accountable10Analysts ___ a 6% contraction in retail sales after the interest rate announcement last Tuesday.Analysts ___ a 6% contraction in retail sales after the interest rate announcement last Tuesday.forecastedforecastforecastingforeseenCorrect answer: forecast11The founders had ___ their homes to raise the seed capital required to launch the business.The founders had ___ their homes to raise the seed capital required to launch the business.mortgagingmortgagemortgageemortgagedCorrect answer: mortgaged12___ under management at the investment firm exceeded $50 billion for the first time last quarter.___ under management at the investment firm exceeded $50 billion for the first time last quarter.AssetsAssetAssessingAssessedCorrect answer: Assets13The retailer is offering ___ credit on all furniture purchases over $1,000 for the next six months.The retailer is offering ___ credit on all furniture purchases over $1,000 for the next six months.no-interestuninterestedinterest-freezero-interestCorrect answer: interest-free14The ___ subsidiary was eventually sold to a competitor after three consecutive years without a profit.The ___ subsidiary was eventually sold to a competitor after three consecutive years without a profit.losingloss-makingat-a-lossunprofitableCorrect answer: loss-making15A favourable ___ between the dollar and the euro significantly boosted the company's export revenues.A favourable ___ between the dollar and the euro significantly boosted the company's export revenues.currency rateconversion ratetrade rateexchange rateCorrect answer: exchange rateCheck AnswersPlease select an answer for at least one question first.Found an error in this exercise? Let us know.