Font size
WorksheetsTACN1
Total questions: 131
Worksheet time: 1hrs 6mins
Activities of a firm that require the spending of cash are known as
uses of cash
cash collections
cash receipts
cash on hand
A tax imposed on profits made by selling certain assets including stocks, bonds, or real estate .
Capital gains tax
income tax
capital transfer tax
sales tax
What is not the functions of income tax?
to limit good consumption
to raise government's revenue
to redistribute (phân phối) wealth
to encourage capital (vốn)
Reducing the amount of tax to a legal minimum is called....
tax avoidance
tax evasion
tax payment
tax exemption
In an uncontrolled free market trade situation, there would be an international division of labor (lao động) resulting in the most efficient production of goods.
With trade restrictions, countries specialize in what they produce.
Specialization in production should be left uncontrolled.
The most efficient production is a result of a free market.
Labor always favors a free market trade situation.
A tax is assessed (do) by a local government and paid for by the owner of a property
income tax
capital gain tax
capital transfer
property tax
To reduce the money supply, Central banks sell Treasury bills to commercial banks and withdraw (rút tiền) the cash received (nhận) from........
circulated
circulation
circulate
circulator
Companies usually use an investment bank to..........the issue, i.e. to guarantee to purchase all the securities at an agreed price on a certain day, if they cannot be sold to the public.
post
underwrite
take
publish
……… is a measurement of increases or decreases in international ownership of assets
balance of trade
capital account
financial account
current account
Relationships determined from a firm's financial data and used for comparison purposes are known
as …………….
Financial ratios.
Financial information
Financial records
accounts
Making false declarations (kê khai) to the tax authorities is called …
tax avoidance
tax evasion
tax payment
tax exemption
Purchased (mua) office (văn phòng) supplies for inventory (tồn kho) on account
Increase in one asset, decrease in another asset.
Increase in an asset, increase in a liability (nợ phải trả)
Increase in an asset, increase in stockholder’s equity (vốn chủ sở hữu)
Decrease in an asset, decrease in a liability.
Paid rent or October in September.
Increase in an asset, increase in a liability.
Increase in one asset, decrease in another asset.
Increase in an asset, increase in stockholder’s equity.
Decrease in an asset, decrease in a liability.
Which one of the following is a use of cash?
Decrease in fixed assets
Decrease in accounts payable.
Increase in long-term debt
Decrease in accounts receivables
Economics is the study of ....... and consumption of goods and the transfer of wealth to produce and obtain those goods
produce
the production
producer
producible
All government intervene through their.......... policies in a bid to achieve certain
policy objectives.
economic
microeconomic
macroeconomic
economical
Britain last year spent nearly £5000 million and more on............. food than selling
abroad.
import
imports
importing
imported
Monetary policy is one of the tools that a.......... government uses to influence
its economy.
nation
national
nationality
native
Government policy about exports and imports is...........
Commercial policy
Monetary policy
Fiscal policy
Finance policy
........... Is an amount of probable income and expenditure during a stated period.
tax
asset
loan
budget
Macroeconomic stability means.........., low inflation, high economic growth and
so do,
low competition
low production
low unemployment
a and b
Spending on......... (eg: improvements to out motorway network) helps provide the
capacity needed for other business to flourish.
infrastructure
accommodation
industry
transport system
It is not the employer pays the wages. Employers only handle the money. It is the customer...........
pays the wages
who
that
whom
D. which
..................................will lead to an increase in the demand of money:
An increase in the supply of money
An increase in the price level
An increase in the level of aggregate output
An increase of interest rate
Fiscal policy is the Government policy related to ..............
Spending
inflation
revenue
spending and revenue
............ is a way to reduce the amount of tax you pay to a legal minimum.
tax avoidance
tax shelter
tax evasion
tax heaven
Increasing....... has led to a massive increase in the number of foreign
exchange transactions in recent decades.
international market
global
globalization
economy
The equilibrium price changes when the supply and demand curves............
move
shift
change
stand
the same
.....................are government securities with terms of more than one year
treasury bills
government bonds
bills of exchange
capital bills
A............. market is a market in which there are many buyers and sellers of the same good or service.
competed
competition
competitive
competing
By bringing forward capital expenditure, a company can taxable income and therefore........ its tax expense.
year-end
increase/increase
increase/decrease
decrease/increase
decrease/decrease
.......... is frequently applied in reference to personal income taxes, where people with more income pay a higher percentage of that income in tax than do
those with less income.
regressive tax
income tax
progressive tax
tax avoidance
As global transactions involve myriad of currencies, it is essential to set up............. for each currency.
the value
an exchange rate
the standard
purchasing power
My insurance......... are only $50 per month.
premiums
receipts
fees
payings
he law of demand says that a higher price for a good, other things equal, leads people to demand a …………quantity of the good.
smaller
bigger
better
worse
The United States loses nearly $70 billion a year in tax revenue because
corporations loot America by shifting their profits to.........
overseas.
tax hevens
tax havens
tax houses
tax heavens
Non-traditional exporters are exempt from...............machinery and equipment.
and VAT on imports of
income tax
customs duty
payroll tax
wage tax
Fiscal policy involves setting government spending and tax rates, whereas monetary policy involves money supply and interest rates set by a............
Central Bank
World Bank
Commercial Bank
Shadow
Bank
4. Raising the prices we charge the consumer would enable us to raise wages
until we reach an ........... between supply and demand.
imbalance
equal
disparity
equilibrium
Unemployment, ....................and greater inequality are often the downside of a
market economy.
inflation
justification
growth
employment
Sustainable............is a key indicator of the long-term health of the economy.
produce
to produce
product
productivity
The government wants to accelerate the ........... of internet commerce
grow
grows
growing
growth
A true monetary economy must therefore be using a ..............., which is
nowadays a paper currency.
token money
commodity money
coin
gold
The employee can seek compensation from the employer for ..................... of contract.
breach
fulfillment
failure
bleach
Investors are holding out from Mexican stocks until they see clear signs of an .............. recovery.
economist
economic
economize
economy
On the market demand and supply graph, the vertical axis shows....
demand
equilibrium
prices
quantity
In the price system of a market economy, prices are determined
by...
central planning
market forces
political forces
private investors
If my government is selling me bread for $5 a loaf, and I have no choice but to buy that type of bread, I live in a ..... economy.
Traditional
Market
Command
Mixed
The use of taxes and government spending to affect the economy....
Monetary
Policy
Fiscal Policy
Contractionary policy
Expansionary Policy
Fiscal policy aims to influence the economic activity through the use of....
money supply
exchange rate
government spending and
taxation
direct and indirect taxation
The rate which the Fed charges banks for a loan....
Discount rate
Federal fund
reserve ratio
rate
prime rate
When CDs became popular, people stopped listening to tape cassettes.
This caused the...... curve for tape cassettes to shift.....
demand/right
demand/left
supply/right
supply/left
Our tax money is spent on all of the following except....
Social Security
The Military
Private School Education
National Parks
If the government takes in more than it spends it is known as..........
balanced budget
discretionary budget
budget deficit
budget surplus
........, a simple four letter word, is the entire reason for the existence of the insurance industry.
Risk
Gold
Danger
Loss
The change in the quantity of capital from one period to the next is equal to ...............
financial investment
net investment
depreciation
gross investment
The Finance Minister will be making an official ............ Today about new
cates of income tax
notice
statement
declaration
talk
A person's credit...... is a formal evaluation of his/her loan repayment
history or potential
rating
level
rate
records
By adding a strawberry and blackberry crops to a corn and soybean farm, a
producer becomes more.....
diversified
specialized
integrated
motivated
If the demand for tennis rackets increases, the price of rackets will....
increase
control
decrease
higher
Before starting a business, you have to raise the necessary...
capital
money
investment
savings
Creative..................... is finding ways of explaining how many has been spent while hiding what has really happened to it.
booking
accounting
bookmaking
auditing
In the circular flow model, consumption goods are bought and sold in the......
Goods market
Factor market
Financial market
Government market
Each department within the organization is given a...... with to remain for the whole year
sum
money
dividend
budget
The product ...................... most interest were smaller and lighter models
attracting
attracted
has attracted
are attracting
In the long term............is due to increase in the price of raw materials. This is the situation where prices rise to keep up with increased production cost.
devaluation
inflation
recession
crisis
Coca-Cola employees enjoy high salaries...... they can claim
traveling expenses.
In addition
however
Therefore
So that
A fall in prices can result in serious difficulties to many producers and many cause them to go ........... business completely.
through
out
out of
into
A group of certain companies .................. the market when they have completely
controlled over particular commodities.
corner
advertise
monopolize
motivate
We've spent a large part of our................on advertising.
budget
costs
expenses
amount
All government intervene through their .............policies in a bid to achive certain policy objectives.
Economy
Microeconimic
Macroeconomic
Economical
Employees have the right to claim their business......
budget
expenditure
expenses
amount
Although the market is not growing, I expect sales to increase........... at least
until the end of the century.
substantially
on average
steadily
fairly
Before starting a business, you have to raise the necessary..................
Capital
Money
Investment
Savings
Revenue is calculated by ........... the price at which goods or services are sold
by the number of units or amount sold.
multiple
multiplying
summing
accounting
The federal government collects revenue from a variety of taxes, in there…........become Trust Funds
Customs duties
Payroll taxes
Income taxes
Corporate taxes
…..........results from an increase in the amount of circulating currency beyond the needs of trade.
Deficit
Inflation
Surplus
Deficit spending
The equilibrium price occurs… the supply of goods matches the demand for goods.
What
Which
Where
Who
Most economists are concerned…........ practical applications of economic policy in a particular area, such as finance, transportation, environment or health.
Of
To
With
For
Inflation is a great …….to long-term investors because it erodes the value of future dollars.
advantage
favor
threaten
threat
Any ……………transaction or violations of the policy must be reported to your immediate supervisor.
improper
reserved
extinct
anxious
The advance in technology can create a (an)…………in the firm’s costs.
increase
rise
amount
decrease
Two goods are …………...if a fall in the price of one of the goods makes consumers less willing to buy the other.
complements
normal goods
inferior goods
substitutes
The federal government collects revenue from a variety of taxes, in there …… are designated as federal funds.
payroll taxes
customs duties
excise taxes
income taxes and corporate taxes
The higher the tax rate, the more people are tempted to cheat. ……… is an illegal activity, and it cludes dishonest tax reporting, undeclared part – time evening job, etc.
Tax avoidance
Tax evasion
Tax pressure
Tax reduction
One type of transactions in the forein exchange market is ……… which refer to the buying or selling of foreign currency with spot exchange rate at the time of the transaction and time frame for settlement within two business days.
cash transactions
forward transactions
financial transactions
spot transactions
Monetary Policy is ……. when the money supply is increased.
expansionary
restrictive
contractionary
B and C
If the price increases, the quantity a buyer will purchase will …. and the quantity supplied will ….
increase/ decrease
decrease/ increase
increase/ increase
decrease/ decrease
Payroll taxes paid jointly by …, accounting for 34 percent.
individuals
workers and employers
businesses
individuals and businesses
To contract the money supply, the Fed … bonds.
buys
borrows
sells
loans
.................… is a way to postpone the payment of tax.
tax voidance
tax evasion
tax haven
tax shelter
Tax is …...... fee imposed on individuals or corporations by the government to finance public programs.
optional
compulsory
innessential
unnecessary
Monetary policy is the policy of using the tools of credit and foreign exchange activities to ........… the currency.
stability
stabilizing
stabilize
stable
If the central bank … reserve requirements, … the discount (bank) rate, or buys more bonds, it will increase bank lending capacity.
…raises…increases…
lowers…raises…
…lowers…drops…
…highers…drops…
Public finance is a … for the government to intervene in the economy to regulate production and business activities.
concept
topic
tool
composition
Public finance reform in Vietnam still has some limitations such as tax evasion, state budget revenue............the COVID-19 epidemic.
affected by
focuses on
pump into
required to
Modern macroeconomics often uses econometric methods to build and test economic models based..... large amounts of economic data.
In
To
On
Off
There is no restriction on entry and exit from a perfectly.............market.
competition
competitor
compete
competitive
The management and supervision of public debt is ensured according to.......
market principles
market share
market maker
market price
Tax and fee policies........ have been issued are basically transparent, simple and consistent with international integration commitments.
what
whose
where
who
In Vietnam, the foreign exchange market is gradually stabilizing despite many
Success
Precedence
Advantages
Barriers
Banks buy foreign currency........ the currency from depreciating against foreign currencies
To keep
keeping
kept
Keep
The government strengthens the power to........ public investment, as well as implement an expansionary fiscal policy, reducing pressure on the currency.
offer
sell
borrow
disburse
The bond issuer must pay...... to the bondholder and repay the loan when the bond matures.
capital
budget
interest
share
Monetary policy is one of the most important tools of the state to manage and ..... the economy
take
run
begin
make
The government should ............ more national budget to education and healthcare.
provide
Allocate
Distribute
Share
It is also a means by which a ........ of income & wealth can be achieved.
distribution
distributing
redistributing
redistribution
GNP is a ... of a country's economic performance, or what its citizens produced and whether they produced these items within its borders.
indicator
measurement
measure
ability
The relationship between price and quantity supplied is called the...
opposite relation
law of demand
law of supply/positive relation
negative relation
When debts are denominated in money, the real value of debts may change due to inflation and...
crisis
chaos
devaluation
deflation
By bringing forward capital expenditure, a company can ... year-end taxable income and therefore.... its tax expense
increase... increase
increase... decrease
decrease...increase
decrease... decrease
If a central bank uses the tools of monetary policy to reduce the demand for goods and services, the likely result is ............ inflation and .......... unemployment in the short run.
lower, higher
lower, lower
higher; higher
higher, lower
If the price............ the quantity a buyer will.........
Increases/decrease
B. Decreases /decrease
C. Increases/increase
B&C
The difference between tax evasion and avoiding tax:...
A. Tax evasion is an illegal way to postpone the payment of tax
Tax evasion is a legal way to postpone the payment of tax.
A&D
D. Avoiding tax is a legal way to postpone the payment of tax.
..... is a way to delay the payment of tax to a later time.
tax evasion
tax avoidance
tax haven
tax shelter
Economic trends refer to changes or ............ in economies.
Development
developments
expansion
advance
If the government wants to increase employment, government purchases should be....... and/or taxes should be........
increased; increased
increased; decreased
decreased; decreased
decreased; increased
Capital flows arising ....... trade in goods and services, international investment and loans together create this demand for foreign currency.
from
to
of
in
Economics is best defined as the study of.......
inflation, unemployment, and economic growth
choices made by people faced with scarcity
financial decision-making
None of the above
In order to influence spending on goods and services in the short-run, monetary policy is directed at directly influencing........
unemployment rates
inflation rates
interest rates
economic growth rates
When the general price level rises, a unit of currency buys...... goods and services than in the past, so inflation reflects a decrease in purchasing power per unit of currency.
More
Few
Fewer
Less
The rise in US interest rates caused the dollar to .......... against all the Asian currencies.
raise
reduce
demand
strengthen
A movement along the demand curve to the right may be caused by a..........
Increase in income
Increase in supply
Rise in the price of inputs
Decrease in income
A situation where the expenditure of the government exceeds its revenue is called.....
Deficit revenue
Default financing
Budget deficit
Default revenue
Debt held by federal accounts is the debt that the federal government has borrowed... itself
With
From
To
For
Countries have developed their economies, increased...of goods and met the market demands
Producer
Product
Produce
Production
The federal government collects revenue from a variety of taxes , in there........become Trust Funds.
Corporate taxes
Income taxes
Payroll taxes
Customs duties
....results from an increase in the amount of circulating currency beyond the needs of trade.
Deficit spending
Surplus
Inflation
Deficit
The equilibrium price occurs... the supply of goods matches the demand for goods.
Who
Where
Which
What
Most economists are concerned...... practical applications of economic policy in a particular area, such as finance, transportation, environment or health.
For
With
To
Or
The standard .......... for internation trade and investment is the US dollar
capital
currency
unit
payment
