Scribd
Upload
3 views

NMS

Uploaded by

trsforczech0
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
3 views

NMS

Uploaded by

trsforczech0
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 4

NMS – ENTRANCE EXAM – SAMPLE VERSION

I. Choose the best word to complete each gap:

Corporate social responsibility (CSR) is a form of corporate self-regulation 1) _____ into a


business model. CSR policy functions as a self-regulatory mechanism whereby a business
monitors and ensures its active 2) _____ with the spirit of the law, ethical standards and
national or international norms. The aim is to increase long-term profits 3) _____ positive
public relations, high ethical standards to reduce business and legal risk, and shareholder 4)
_____ by taking responsibility for corporate actions. CSR strategies encourage the company
to make a positive 5) _____ on the environment and 6) _____ including consumers,
employees, investors, communities, and others.

Proponents argue that corporations increase long-term profits by operating with a CSR
perspective, while critics argue that CSR 7) _____ from businesses‘ economic role and that
CSR is merely window-dressing, or an 8) _____ to pre-empt the role of governments as a 9)
_____ over powerful multinational corporations.

Most consumers agree that while achieving business 10) _____, companies should do CSR at
the same time. Most consumers believe companies doing charity will receive a positive
11) _____. A study also found that consumers are loyal and willing to spend more on retailers
that 12) _____charity. Consumers also believe that businesses selling local products will
13) _____ loyalty.

The concept of CSR is underpinned by the idea that corporations can no longer act as 14)
_____ economic entities operating in detachment from broader society. Traditional 15) _____
about competitiveness, survival and profitability are being swept away.

1. a) invented b) integrated c) instructed d) imposed


2. a) compliance b) compromise c) recognition d) admission
3. a) though b) thorough c) through d) threw
4. a) stock b) trust c) mind d) credit
5. a) impact b) incentive c) force d) link
6. a) stakeholders b) shareholders c) stockholders d) placeholders
7. a) protects b) prevents c) distracts d) benefits
8. a) approach b) assumption c) attempt d) esteem
9. a) security b) safety c) watchdog d) protection
10. a) targets b) objects c) points d) marks
11. a) responsibility b) response c) respond d) request
12. a) afford b) settle c) provide d) support
13. a) gather b) secure c) access d) gain
14. a) insulated b) isolated c) idle d) innovative
15. a) options b) sights c) views d) figures

II. Choose the best option:

16. In the current slump, unemployment is … dangerously.


a) soaring b) swinging c) sliding d) plummeting

17. Only 6% of executive positions are … by women.

a) blocked b) led c) taken d) held

18. It was unbelievably cheap — a real … .

a) bargain b) packet c) bid d) fortune

19. They see meetings as a/n … to share ideas.

a)recommendation b) feasibility c) efficiency d)opportunity

20. The … between rich and poor is widening.

a) hole b)division c) gap d) niche

21. What can we do to … this goal?

a) settle b) keep c) seize d) achieve

22. I hope they don´t expect us to … the costs.

a) bottom b)meet c) plough d) cover

23. We can´t really … on information from this source.

a) response b) receive c) rely d) repute

24. Could you please … the date and time of our meeting by e-mail?

a) confirm b) concede c) afford d) admit

25. Agricultural products are heavily … in the EU.

a) subsidized b) promoted c) funded d) doted

26. Even market leaders are forced to reduce their prices in such a cut-… competition.

a) all b) throat c) price d) neck

27. The vital step is to … your target customer.

a) thrive b) conduct c) appoint d) identify

28. She´ll probably … some retraining when she goes back to work after three years.
a) require b) reject c) commit d) admit

29. Modern technologies don’t seem to … the cashflow situation.

a) instant b) ease c) simple d) light

30. It is depressing to see our market … decreasing rapidly in so many areas.

a) scale b) target c) size d) share

III. Choose the terms corresponding to the following definitions:

31. A financial statement summarising what a firm owns and what it owes at a given point in
time:

a. budget
b. gain-and-loss statement
c. balance sheet
d. profit-and-loss account
e. income statement

32. The market in which the currency of one country is exchanged for the currency of another:

a. stock exchange market


b. commodity market
c. real estate market
d. foreign exchange market
e. bear market

33. A severe contraction of the economic activity characterised by unemployment rate higher
than 12% for more than one year:

a. trough
b. expansion
c. upturn
d. depression
e. recovery

34. A system of insurance run by the government, into which workers and employers make
regular payments, and which provides money for people who are unemployed, old, etc.:

a. maternity pay
b. retirement pension
c. unemployment benefit
d. social insurance
e. rent

35. An economic system where both the government and private sector interact in solving
economic problems:
a. mixed economy
b. command economy
c. transition economy
d. free market economy
e. centrally planned economy

36. A part of disposable income that is not spent on current consumption:

a. savings
b. sunk cost
c. expenditure
d. fixed cost
e. revenue

37. Items that will last for more than three years with normal usage:

a. intermediate goods
b. semi-finished goods
c. non-durable goods
d. durable goods
e. perishable goods

38. A sum of money that the government takes from people’s incomes, company profits,
the sale of goods, etc.:

a. commission
b. interest
c. revenue
d. quota
e. tax

39. Expenses which do not vary with the volume of goods produced:

a. opportunity cost
b. marginal cost
c. fixed costs
d. sunk cost
e. average cost

40. The fact that the losses of owners of the business are limited to the value of their
investment:

a. private ownership
b. public corporation
c. legal tender
d. unlimited liability
e. limited liability

You might also like