Unit 7 Mergers and acquisitions Progress Test
Name: _______________________________
Part 1 Reading
Task 1
8 points
Look at the statements below and the financial reports from a newspaper.
Which section (A, B, C or D) does each statement 1–8 refer to?
For each statement 1–8 mark one letter (A, B, C or D).
You will need to use some of the letters more than once.
1 A company’s share price climbed.
2 A company’s costs had dropped.
3 A company almost doubled its profits.
4 A company is confident problems will not stop it making money soon.
5 A company has gone to the wall.
6 A company is making a small profit.
7 A company is losing money.
8 A company’s share price slid then rose and levelled off.
Task 2
15 points
Complete the text with the best form of the verbs in brackets, affirmative or negative. In some cases, more than one tense is possible.
Good morning, ladies and gentlemen. I (1) _________ (ask) you here today to talk about the long-term plans and prospects of Predictor IT. I (2) _________ (be) delighted to be able to announce that predictor IT and EPQ Software (3) _________ (merge). I (4) _________ (have) a final meeting with the chairman of EPQ last week and we (5) _________ (agree) all the details. I am very pleased to say that there (6) _________ (be) any redundancies and we (7) _________ (employ) more people in the future. I
(8) _________ (tell) you any more today as there (9) _________ (be) a joint press conference at 4pm today.
Even though we (10) _________ (merge) with EPQ this doesn’t mean the launch of our new multi-media home entertainment system will be delayed. We (11) _________ (launch) the system next month on time. We (12) _________ (expect) this product to be very successful and that annual profits (13) _________ (rise) by over 10%.
EPQ (14) _________ (launch) a new suite of business software next Friday and the long-term prospects for our co-operation are very good. I (15)_________ (see) you at the press conference at 4pm.
Part 2 Writing
5 points
Write an email based on the following brief. Write about 50–60 words.
Your friend Sam Browne has decided to look for a new job.
Write an email to him:
· Say he could go freelance and giving reasons for this
· Suggest he could also start a serious job search and giving some ideas where to start
· Wish him good luck
To: Sam Browne
Cc:
Subject: Freelancing
Dear
7 points
Rewrite these sentences using the words given. Add any other words you feel necessary to communicate the meaning most accurately.
1 Last year our stock market valuation rose by over 45%.
doubled
_________________________________________________________________
2 GBH Chemicals has gone bankrupt.
wall
3 As a result of the restructuring, the company is in a much better situation.
to
4 There will be a slight increase in costs.
slightly
5 Because of the lower cost from our suppliers we are making higher profits.
consequence
6 Record revenues have matched our costs for the first time.
broken
7 We hope to make a profit in the next quarter.
black
Part 3 Listening
Task 1 / Recording 3.02
Listen to this financial report. Are these statements True or False?
1 One year after the floatation, shares were worth $12.
2 The stock peaked at $50 in 1991.
3 The Nimmco takeover was popular and shares rose sharply by over 40%.
4 The alliance with Haffman meant the share price more than doubled.
5 Oxter’s first offer is $5 less than the share price.
Task 2 / Recording 3.15
Listen to the early part of the President of Calisto’s presentation to the Board of Directors. Complete these phrases.
1 Unless we take action now, we will ______ ______ ______ ______
2 However, they have achieved this by ______ ______ ______
3 unless there is ______ ______ ______
4 Our second option is to follow ______ ______ ______
5 this investment would ______ ______ ______ ______
Part 4 Speaking
Prepare a one-minute presentation on one of these topics. You have one minute to prepare your talk.
A
What is important when preparing and using visuals in a presentation?
· Too many visuals confuse the audience
· Don't read out text on slides
B...
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