Exercise 9
Date: 2015-10-07; view: 417.
Choose the correct word to complete each sentence. Use a good dictionary to help you.
Exercise 8
1 I took out a __________________ to extend the factory.
a) credit b) debt c) loan
2 He offered his home as security or _____________when he borrowed from the bank.
a) collateral b) deposit c) warranty
3 The ______________ rate on the loan was 15%.
a) charge b) fee c) interest
4 We have a(n) _____________of $1 million to finance our three-month advertising campaign.
a) budget b) cost c) expense
5 They have to pay the loan back over three years. The first ________________ is due in August.
a) amount b) instalment c) part
6 Our state-of-the-art machinery is our major _______________.
a) asset b) possession c) property
7 We want to find a partner who will take a __________________ in our business.
a) risk b) share c) stake
8 Thanks to a government _________________ the firm was able to move to a new location.
a) contribution b) subsidy c) support
9 Money owed by a company to its suppliers forms part of its _________________.
a) damages b) liabilities c) losses
10 When the bank grants a business an _______________ facility, their current account can go into the red.
a) overdraft c) overhead c) overpayment
Match the following expressions with their definitions:
| 1. human capital 2. risk capital 3. share capital 4. venture capital 5. working capital | a) money to carry on production and keep trading b) money a company has raised from investors who bought shares c) money invested in a project with a high chance of failure d) money a company borrows to start up a new business e) the perceived value of people and their skills |
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| Discuss the following questions concerning financing start-up businesses. | | | Facebook may be a good bet for investors now; but regulatory problems lie ahead |