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Unit 1 Globalization
Part I Business Vocabulary
Directions: There are 20 incomplete sentences in this part. For each sentence there are four choices marked A, B, C and D. Choose the ONE that best completes the sentence. Then mark the corresponding letter on the Answer Sheet with a single line through the center. This part totals 20 points, one point for each sentence.
1 There are too many examples in aviation and other _____ B _____ of what has happened to companies that have tried to do that.
A sections B sectors C segments D components
2 It would not _______ A ________ earlier mistakes such as attempting to enter the train or boat-building business.
A repeat B make C recognize D produce
3 He is impressed, he says, by the way in which oil companies have ____ D _____ from losing national images.
A obtained B got C reached D benefited
4 Royal Dutch/Shell is another group which manages to ______D_________ itself as a local company in which it operates.
A display B exhibit C show D present
5 When the Japanese tyre group Bridgestone entered the US market, it made an _________ C _______, buying the local production base of Firestone.
A sale B purchase C acquisition D overpayment
6 If a company wishes to enter the Chinese market, it usually looks for a local ________ D ________ who will cooperate in setting up a joint venture.
A man B talent C manager D partner
7 If you’re ______ C ______ don’t go to Oslo – it’s Europe’s most expensive city.
A hard B hardy C hard up D hard down
8 A survey has _______A_________ with some interesting information about the cost of living in our major cities.
A come up B show up C put up D live up
9 Meals at restaurants cost a _________ C ________ and drinks are very pricey.
A expense B price
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