Complete these sentences using the correct form of one of the words above. Make sentences of your own to show that you understand the difference in their meaning.

1. She bought this coat in the sales for a very good ….

2. I thought this bracelet was made of gold, but it turned out to be ….

3. Will the … of my property go down if they build a plant nearby?

4. This dress was a real bargain; it only … me $20.

5. The … of keeping a person in prison for a year is enormous.

6. I’ll send you a cheque to cover the … for the stamps.

7. That shop was always empty because the … were too high.

8. In London the … of living is very expensive.

9. That ring has great ….

10. That new magazine is certainly … the money.

11. Gold coins are ….

12. His offering … for the apartment was $150,000.

13. We wanted to invest in a new production facility but the … was prohibitive.

14. It … a lot to buy real estate in London.

15. Returned goods can be exchanged for goods of an equivalent ….

 

Exercises in Comprehension

 

Ex.1. Answer the following questions:

1. What are costs?

2. Do different businesses have similar cost structures?

3. How can the costs be classified?

4. What are fixed costs?

5. Do variable costs remain unchanged whatever the level of output?

6. What are direct costs related to?

7. What do indirect costs include?

8. What do overheads mean?

9. What are assets?

10. How are fixed assets distinguished from current assets?

11. What are liabilities?

12. How are liabilities classified?

13. What is the difference between long-term liabilities and current liabilities?