Please study the 20 vocabulary terms below and press the Mark Complete button to continue.
- adverse
- having a negative or harmful effect
- at their disposal
- available to be used by somebody
- carry out
- to perform or complete a job or activity
- contrast
- to compare with an aim to show differences
- cover
- to deal with or to include something
- cyclical pattern
- a trend which is repeated at intervals
- designated for
- stated as officially having a particular purpose
- drawing up
- officially preparing a written document
- dynamic budget
- a financial forecast which adapts to changes of one or more variables
- eliminate
- to completely remove something which is not wanted
- go ahead
- to continue or proceed
- go over
- to look at in detail, to study
- margin of safety
- the amount by which sales can decrease before a company becomes unprofitable
- marginal cost
- the cost of producing one more item as compared to the cost of producing all items
- omission
- the failure to include or do something
- on account of
- because of, due to
- ran into
- encountered unexpectedly
- referred to
- checked or consulted a source of information
- set aside
- to save something for a special purpose
- setting out
- arranging or preparing something for others to see or use
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Recent bad publicity had an adverse effect on the company's sales.
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The company has millions of dollars at its disposal to fund new research.
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The IRS carried out an audit of the company as a result of errors in the accounts.
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By contrasting this year's expenditures with last year's, we will see the main differences.
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You need to ensure that the report covers all possible costs.
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Changes in the economy have followed a cyclical pattern.
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This building has been designated for the accounting team.
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The lawyers drew up the contract of sale.
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Dynamic budgets have become more popular since it is increasingly difficult to precisely forecast sales
volume.
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It is impossible to eliminate all risk in investment so you should seek advice on the safest options.
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The meeting went ahead when John returned.
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After going over the budget, it is clear that we will not meet our sales targets.
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As our margin of safety is only 10,000, we need to look at ways of increasing sales.
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Marginal costs are generally relative to the amount of fixed costs.
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The omission of the depreciation cost for the year meant the budgeted figures were not correct.
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The company was closed on account of low sales and high costs.
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The company ran into financial problems when the exchange rate changed significantly.
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I'm afraid that I do not know, I will need to refer to my manager for that answer.
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The management have been setting $500 a month aside for the staff party.
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The CFO set out new regulations for payment processing.