Unit 1

1. Choose the word whose main stress pattern is not the same as that of the others:

•  A. Backbone

• B. Charitable

• C. Enterprise

• D. Engage

Answer explanation

A. ‘Backbone  

B. ‘Charitable

C. ‘Enterprise

D. En’gage

  2. Choose the correct word with this definition: “A business that is owned and operated by only one person”:

• A. Sole proprietorship

• B. Enterprise

• C. Corporation

• D. Liability

Answer explanation

A. Sole proprietorship

B. Enterprise: an organization, a company, or a business

C. Corporation: a large business company

D. Liability: legal responsibility for something

  3. Choose the correct pronunciation of “proprietorship”:

• A. /’prəpraɪətəʃɪp/

• B. /prəˈpraɪətəʃɪp/

• C. /prəpraɪ’ətəʃɪp/

• D. /prəpraɪətə’ʃɪp/

Answer explanation

B. /prəˈpraɪətəʃɪp/

4. Choose the most suitable phrase to fill in the blank: ''However, … that I must decline this job offer''

• A. I look forward to

• B. I regret to inform

• C. I’m so happy

• D. I’m impressed that

5. Choose the correct word with this definition: “Conducting business in an honest, fair, and morally responsible manner, following ethical princible and values”:

• A. Ethical practices

• B. Innovation progress

• C. Sustainable development

• D. Social responsibility

6. 6. What is the exact definition of a small business?

• A. It is defined as one with 50 to 100 employees.

• B. It commonly have 250 or more employees and generate more than $1 billion in gross receipts.

• C. It commonly managed by one person or a small group of people with less than 100 employees.

• D. It is defined as one with 100 to 249 employees or $10 million to less than $1 billion in annual gross sales.

Answer explanation

A. Incorrect

B. Large businesses

C. Small businesses (small owner – operated companies)

D. Mid – size businesses

7. Choose the correct answer that means the most important part of a system or an organization:

• A. Backbone

• B. Enterprise

• C. Stock

• D. Proprietorship

Answer explanation

B. Enterprise: an organization, a company or a business

C. Stock: part of the ownership of a company that people have as an investment in the forms of shares

D. Proprietorship: a particular legal form for a small company

8. What does ''innovation progress'' mean?

• A. The process of conducting business in a way that considers long – term environmental, social, and economic impacts.

• B. The unique combination of benefits and value that a business offers to its customers, differentiating it from competitors.

• C. The process of the introduction of new ideas, products, processes, or business models that create value and drive growth.

• D. The process of identifying, assessing, and reducing risks that could impact the success or reputation of a business.

9. Choose the correct pronunciation of “satisfaction”:

• A. /ˌsætɪsfæk’ʃn/

• B. /ˌsæ’tɪsfækʃn/

• C. /’sætɪsfækʃn/

• D. /ˌsætɪsˈfækʃn/

10. Choose the word that means only, single:

• A. Sole

• B. Liability

• C. Scope

• D. Stock