LE 2 – Tutorial 2

(I) Match the words with their definitions:

1. partnership 2. asset 3. net profits or net income

4. appreciation 5. liability 6. sole proprietorship
7. equity 8. revenue 9. corporation
10. depreciation 11. limited liability company 12. expenses
13. business

a) the buying and selling of products or services in order to make a profit

b) a business owned and operated by one person.
c) a business owned by one or more people who have entered into a written agreement.
d) a business owned by one or more shareholders and managed by a board or directors
e) a special form of business organization that combines advantages of a corporation and a
partnership.
f) the money you earn
g) the money you spend to be in business
h) total revenue minus total expenses
i) reduction in values over time
j) increase in value over time
k) ownership in a company
l) something you own that has value
m) something that you owe for

(II) Which is the correct ending of the sentence in Indirect Speech?

1
1. Benjamin: "I often have a big hamburger."
Benjamin says (that) he often ___________ a big hamburger.
(a) has (b) had
2. Hannah: "They live in Boston."
Hannah said (that) they __________ in Boston.
(a) live (b) lived
3. Tyler: "Ian doesn't invite girls to his parties."
Tyler told me (that) Ian _______ invite girls to his parties.
(a) doesn’t (b) didn’t
4. Dominic: "She understands Japanese."
Dominic remarks (that) she ___________ Japanese.
(a) understands (b) understood
5. Sophia: "Bella doesn't collect stickers."
Sophia explains (that) Bella _________ collect stickers.
(a) doesn’t (b) didn’t
6. Robert: "Dennis often downloads the latest tunes."
Robert added (that) Dennis often _________ the latest tunes.
(a) downloads (b) downloaded
7. Olivia: "Leroy is out riding his new waveboard."
Olivia explained (that) Leroy ___________ out riding his new waveboard.
(a) is (b) was
8. Luke: "I don't know what to do."
Luke added (that) he _____________ know what to do.
(a) doesn’t (b) didn’t
9. Lily: "Mr Jones is rude to Samantha."
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Lily thinks (that) Mr Jones ________ rude to Samantha.
(a) is (b) was
10. James and David: "We have to go now."
James and David tell me (that) they _________.
(a) have to go now (b) had to go then

(III) Use the following words and expressions to fill in the sentences

could going had flown hadn't seen if I was

liked not sitting not to stay to take took
was was wearing what happened would be

1. "I’m afraid of flying."→He told me he _________ afraid of flying.

2. "I like travelling by plane."→ She said she _________ travelling by plane.
3. "You can get off the plane." →The pilot told us we _________ get off the plane.
4. "There will be a 45-minute delay." →The flight attendant explained that there _________ a 45-
minute delay.
5. "This man flew this very flight before." →I could tell that man _________ that very flight before.
6. "Look. The pilot is wearing dark glasses."→ One of the passengers pointed out that the pilot
_________ dark glasses.
7. "I haven't seen blind people with guide dogs on planes yet." →Peter replied that he _________
blind people with guide dogs on planes yet.
8. "Take the dog out to stretch his legs." →He told the pilot _________ the dog out to stretch his
legs.
9. "Don't stay for too long." →They told us _________ for too long. 2
10. "Are you nervous?" →The stewardess asked me _________ nervous.
11. "How long does the flight take?"→ Mary wanted to know how long the flight _________.
12. "What happened?" →They asked me _________.
13. "Let's go out." →Tom suggested _________ out.
14. "Let's not sit all the time."→ I suggested _________ all the time.

(IV) Rearrange the letters to make words. Use the definitions in brackets to help you.

1 enrtrepeenur (someone who starts a company and makes business deals)

2 citapal (money used to start or invest in a business)
3 funoder (someone who starts an organization)
4 prmeeiss (the buildings that a company uses)
5 puchrase (formal - buy something)
6 tunvorer (the money a business makes = revenue)
7 seahrs (the equal parts of a company which people can buy and sell)
8 actisiquion (buying another company; = take-over)
9 cotellaral (property or money that you promise to give the bank if you cannot pay back a debt)
10 damend (the desire or need that customers have for a product)

(V) Choose the best answer A, B or C:

1. "Where does your family usually go on vacation?"

A. He asked if my family usually went on vacation.
B. He asked where does my family usually go on vacation.
C. He asked where my family usually went on vacation.
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2. "Have you met my sister?"
A. She wanted to know if I'd met her sister.
B. She wanted to know if I will meet her sister.
C. She told me to meet her sister.
3. "Look up these words in the dictionary."
A. The teacher asked us if we'd looked up the words in the dictionary.
B. The teacher told us to look up the words in the dictionary.
C. The teacher wanted to know how to look up the words in the dictionary.
4. "How much does it cost to rent a car?"
A. He told me he wanted to rent a car.
B. He wanted to know how much it cost to rent a car.
C. He asked if it cost money to rent a car.
5. "Will you help me?"
A. She asked if I would help her.
B. She asked if she would help me.
C. She asked if you would help her.
6. "Please don't walk on the grass."
A. He asked us not to walk on the grass.
B. He asked us if we'd walked on the grass.
C. He asked if he could walk on the grass.
7. "What time is it?"
A. My friend told me what time it was.
B. My friend wanted to know what time is it.
C. My friend asked me what time it was.
8. "Can you swim?" 3
A. He asked me if I'd swim.
B. He asked me to swim.
C. He asked if I could swim.
9. "Finish the report by tomorrow, or else you're fired."
A. My boss told me he'd finished the report for the next day, or else I was fired.
B. My boss told me to finish the report by the next day, or else I'd be fired.
C. My boss told me to finish the report by the next day, or else you are fired.
10. "What's her last name?"
A. He asked what her last name was.
B. He asked what was her last name.
C. He asked if she had a last name.

(VI) Match the words and expressions in the box with their definitions below:

entrepreneurs conceptual skills staffing

middle management technical skills senior (top) management
organizing management planning

1. Skills that help managers understand how different parts of a business relate to one another
and to the business as a whole.
2. People who start and run their own businesses.
3. The level of management responsible for meeting goals that senior management sets. A Sales
manager or Department Head is an example of this level of management.
4. Determining how many people are needed to work on a given shift is an example of.
5. The specific abilities that people use to perform their jobs (ex. Computer skills)
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6. The level of management that decides goals of the business, how to meet them, and how to
use company resources. Board chairman, Presidents, and Vice Presidents are all examples of
this level of management.
7. Setting goals is an example of this.
8. Setting up a team of employees to restock an isle to make it more efficient for customers is an
example of this.
9. The process of deciding how best to use a business's resources to produce goods or provide
services.

(VII) Choose the best answer A, B or C:

1. If it rains, the boys ______ hockey.

A. won’t play B. wouldn’t play C. wouldn’t have played
2. If he ______ his own vegetables, he wouldn't have to buy them.
A. grow B. grew C. had grown
3. Jim ______ whisky distilleries if he travelled to Scotland.
A. will see B. would see C. would have seen
4. Would you go out more often if you ______ so much in the house?
A. don’t have to do B. didn’t have to do C. hadn’t had to do
5. She wouldn't have yawned the whole day if she ______ late last night.
A. doesn’t stay B. didn’t stay C. hadn’t stayed
6. If you ______ a minute, I'll come with you.
A. wait B. waited C. had waited
7. If we arrived at 10, we ______ Tyler's presentation.
A. will miss B. would miss C. would have missed 4
8. We ______ John if we'd known about his problems.
A. would have helped B. helped C. had helped
9. If they ______ new batteries, their camera would have worked correctly.
A. use B. used C. had used
10. If I went anywhere, it ______ New Zealand.
A. will be B. would be C. would have been

VIII. Choose the best answer:

1. Moral rules or principles of behavior for deciding what is right and wrong.
A. media
B. ethics
C. access
D. utilize

2. Impossible to change back to a previous condition or state.

A. internal
B. irreversible
C. expose
D. diversity

3. A situation in which you treat someone unfairly by asking them to do things for you, but give them
very little in return.
A. promotion
B. exploitation
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C. expose
D. foundation

4. To do something willingly because you want to and are not being paid for it.
A. internal
B. conform
C. foundation
D. voluntarily

5. to use something for a particular purpose.

A. attitude
B. utilize
C. expose
D. ethics

6. All the organizations, such as television, radio and newspapers, that provide news and information
for the public or the people who do this work.
A. utilize
B. ethics
C. debate
D. media

7. The duty to do what is best for the good of society.

A. business ethics
B. social responsibility 5
C. sweatshop
D. code of ethics

IX. Put the verbs in brackets in the right tense to express wishes or regrets:

1. Alice didn't get a good grade. She wishes she (work) __________ harder.
2. Tom likes football very much. He wishes he (become) __________ a professional football player.
3. He was running very fast when he had a heart attack. If only he (not/run) __________ so fast.
4. She's keen on computers. She wishes she (study) __________ computer science next school year.
5. I am sorry I don’t know how to use the computer. If only I (know) __________ how to use it.
6. I stayed late at work and missed the last bus. I wish I (stay) __________ at work late.

X. Choose one of the following to complete the sentences:

must have might have should have can't have

1. John _________ gone on holiday. I saw him this morning downtown.

2. Nobody answered the phone at the clinic. It _________ closed early.
3. I _________ revised more for my exams. I think I'll fail!
4. Sarah looks really pleased with herself. She _________ passed her driving test this morning.
5. I didn't know you were going to Phil's party yesterday. You _________ told me!
6. I can't believe Jim hasn't arrived yet. He _________ caught the wrong train.
7. I can't believe Jim hasn't arrived yet. He _________ caught the correct train.
8. Don't lie to me that you were ill yesterday. You _________ been ill – Don said you were at the ice
hockey match last night.
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9. I don't know where they went on holiday but they bought Euros before they left so they _________
gone to France or Germany.
10. His number was busy all night - he _________ been on the phone continuously for hours.
11. It _________ been Mickey I saw at the party. He didn't recognise me at all.