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Vocabulary --> Word review #5 Lesson 21-25 Financing and Budgeting

I. Choose the word that best completes the sentence:


1. Is it ............... to consider funding a new project when we haven′t even seen the returns from the last one?
A. wise
B. wisdom
C. wisest
D. wisely
Explain:


2. We went over our records carefully in order to prepare for the meeting with the ................
A. audit
B. auditor
C. auditing
D. audited
Explain:


3. Every month my automatic car loan payment shows up as a ............... on my monthly statement.
A. deduct
B. deducting
C. deducted
D. deduction
Explain:


4. The accountant can review all the ............... of the financial statement with you.
A. details
B. detailing
C. detail
D. detailed
Explain:


5. All the employees will benefit if the company′s ............... continue to increase.
A. profitable
B. profits
C. profited
D. profitably
Explain:



II. Choose the word or phrase that best completes the blanks:

Dear Customer,
Our records show that you qualify for our new automatic mortgage payment plan. Under this plan, your monthly mortgage payments (1)............... from your savings account automatically. Now you no longer have to worry about making your payments on time! We do it all for you. You must maintain a sufficient (2)............... in your account to cover the monthly payments. If you are interested in participating in this plan, simply complete the enclosed form. Certain (3)............... apply to this plan, so read the explanation on the back of the form carefully. You may return the form in the enclosed envelope. Don't forget to sign it at the bottom. Your automatic deductions could begin as early as next month.


1.
A. deducted
B. are deducted
C. deduct
D. are deducting
Explain:


2.
A. balance
B. transaction
C. down payment
D. dividend
Explain:


3.
A. restricted
B. restricts
C. restrictive
D. restrictions
Explain:
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