Your taskChoose the correct answer for each question.0 / 15 selectedYour score0 / 150%Keep practising! Review the explanations below and try again.1The finance team confirmed that all client payments had been ___ correctly before the monthly accounts were closed.The finance team confirmed that all client payments had been ___ correctly before the monthly accounts were closed.depositdepositeddepositingdepositsCorrect answer: deposited2Directors should be aware that bonuses above the standard personal allowance are considered ___ income under current legislation.Directors should be aware that bonuses above the standard personal allowance are considered ___ income under current legislation.taxingtaxedtaxationtaxableCorrect answer: taxable3The shelves were thoroughly ___ overnight by the logistics team ahead of the early-morning rush.The shelves were thoroughly ___ overnight by the logistics team ahead of the early-morning rush.stockedstockingstockpiledstockCorrect answer: stocked4Any ___ holding more than five per cent of the issued share capital must disclose this to the company registrar.Any ___ holding more than five per cent of the issued share capital must disclose this to the company registrar.shareownershareholdingshareholdersharingCorrect answer: shareholder5Private ___ firms typically acquire underperforming companies, restructure them, and sell them at a higher valuation.Private ___ firms typically acquire underperforming companies, restructure them, and sell them at a higher valuation.equalequityequitiesequitableCorrect answer: equity6The new hire presented her design ___ to three hiring managers during the final round of interviews.The new hire presented her design ___ to three hiring managers during the final round of interviews.portageportabilityportableportfolioCorrect answer: portfolio7___ at the flagship London store exceeded £12 million in the fourth quarter, setting a new company record.___ at the flagship London store exceeded £12 million in the fourth quarter, setting a new company record.TurnoverTurnaroundTurnoutTurningCorrect answer: Turnover8Consolidating the company's two regional offices would significantly reduce monthly ___.Consolidating the company's two regional offices would significantly reduce monthly ___.overdrawnoverspendingoverheadsoverchargeCorrect answer: overheads9The business was still heavily ___ when interest rates began rising, making debt repayment increasingly difficult.The business was still heavily ___ when interest rates began rising, making debt repayment increasingly difficult.debtedindebtedindebtingindebtednessCorrect answer: indebted10The central bank introduced emergency measures to restore ___ to the financial system after the credit freeze.The central bank introduced emergency measures to restore ___ to the financial system after the credit freeze.liquidliquidatingliquidationliquidityCorrect answer: liquidity11The ___ for tomorrow's board meeting was circulated electronically to all non-executive directors.The ___ for tomorrow's board meeting was circulated electronically to all non-executive directors.AgendaAgendasAgendumAgenda-settingCorrect answer: Agenda12The project manager reminded the team that the submission ___ could not be extended under any circumstances.The project manager reminded the team that the submission ___ could not be extended under any circumstances.datelinetimelinedeadlinetime limitCorrect answer: deadline13All changes to the expense reimbursement policy were communicated via an internal ___ sent to the purchasing team.All changes to the expense reimbursement policy were communicated via an internal ___ sent to the purchasing team.memorialmemomemoirmemorizeCorrect answer: memo14The quarterly ___ of regional managers was postponed after the CEO was called away on an overseas trip.The quarterly ___ of regional managers was postponed after the CEO was called away on an overseas trip.meetmeetupmetmeetingCorrect answer: meeting15The year-end ___ confirmed that the company held significantly more assets than liabilities, placing it in a sound financial position.The year-end ___ confirmed that the company held significantly more assets than liabilities, placing it in a sound financial position.balance sheetincome statementbalanced sheetbalance reportCorrect answer: balance sheetCheck AnswersPlease select an answer for at least one question first.Found an error in this exercise? Let us know.