Tokai bank writes off Yen 8bn in bad debts
4 To write off debts means:
a) get the money back from creditors
b) forget the money, since the loans are not going to be paid back
c) demand the money back immediately
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Corporate phone bills to fall
10 Corporate means:
a) large
b) big business
c) personal, domestic and business
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Cleveland Best Inc. announces de-merger
5 A de-merger is:
a) a temporary division
b) a decision to split a company into two parts
c) a return to two separate entities following a period as one company
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Worldwide corporate tax hits 40%
11 Corporate tax means:
a) special rate of tax on companies with large turnovers
b) taxes on any business activity
c) taxes on everyone, private individuals and companies
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Ireland's trade deficit with Germany smaller
6 A trade deficit is:
a) where exports are larger than imports
b) a positive balance in favour of sales over debts
c) where the value of imports is greater than the value of exports
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James Inc. makes $2bn from home entertainments sell-off
12 A sell-off is:
a) a successful sales campaign
b) a special promotion of low price goods
c) a decision to sell a subsidiary in an industrial group
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