Week #12 Unit 10-- Finance Vocabulary Review ESP – Joe

Unit 10– Finance Vocabulary Word List 1. annual report (p. 110) 2. balance sheet (p. 110) 3. borrow (p. 110) 4. dividend (p. 110) 5. exchange rate (p. 114) 6. finance (p. 110) 7. financial results (p. 110) 8. gross profit (p. 110) 9. interest rate (p. 110) 10. investment (p. 110) 11. liabilities (p. 110) 12. net profit (p. 110) 13. offshore bank account (p. 110) 14. operating profit (p. 117) 15. overhead (p. 117) 16. pie chart (p. 117) 17. profit and loss account (p. 110) 18. rise (p. 117) 19. save (p. 116) 20. shareholder (p. 110) 21. share (p. 110) 22. tax year (p. 110) 23. turnover (p. 110) There are 28 words in the table and 29 vocab terms in this list. Which one is excluded from the table? (Guess or use “ESP”– prize to winner!) Additional Vocabulary 24. acquisition (p. 119) 25. earnings per share (p. 119) 26. equity (p. 119) 27. miscellaneous (p. 113) 28. fraction (p. 111) 29. deposit (p. 114)

Unit 10– Finance Vocabulary 9 8 11 13 15 14 7 12 5 1 6 2 4 3 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart 1. Another word for total revenue is ______ . turnover

Unit 10– Finance Vocabulary 9 11 8 13 15 14 7 12 5 1 6 2 3 4 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart 2. A ______ usually, but not always, ends on December 31 for a company. tax year

Unit 10– Finance Vocabulary 9 8 11 13 15 14 7 12 5 1 6 2 3 4 Borrow Interest rate Rise Fall Investment Offshore bank accounts Liabilities Shareholder Financial results Tax year Annual report Profit and loss account Turnover Earnings per share Net profit Balance sheet Dividend Exchange rate Finance Gross profit Operating profit Acquisition Miscellaneous Fraction Deposit Share Overhead Pie chart Offshore bank accounts 3. __________ are institutions that some take advantage of for lower or non-existent tax rates.

Unit 10– Finance Vocabulary 9 8 11 13 15 14 7 12 5 1 6 2 3 4 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart balance sheet 4. A(n) ________ shows the amount of assets and liabilities of a company.

Unit 10– Finance Vocabulary 9 11 8 13 15 14 7 12 5 1 6 2 3 4 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart 5. A ________ is a share of profits distributed to shareholders periodically. dividend

Unit 10– Finance Vocabulary 9 11 8 13 15 14 7 12 5 1 6 2 3 4 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart 6. A _________ hopes a company will be successful so that his/her investment will gain in value. shareholder

Unit 10– Finance Vocabulary 9 11 8 13 15 14 7 12 5 1 6 2 3 4 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart 7. The amount by which total revenue from sales is larger than total costs is called _________ . net profit

Unit 10– Finance Vocabulary 9 11 8 13 15 14 7 12 5 1 6 2 3 4 Borrow Interest rate Rise Fall Investment Offshore bank accounts Liabilities Shareholder Financial results Tax year Annual report Profit and loss account Turnover Earnings per share Net profit Balance sheet Dividend Exchange rate Finance Gross profit Operating profit Acquisition Miscellaneous Fraction Deposit Share Overhead Pie chart 8. ________ is the difference between turnover (total revenue) and the production costs. Gross profit

Unit 10– Finance Vocabulary 9 11 8 13 15 14 7 12 5 1 6 2 3 4 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart interest rate 9. When the ______ is high, it costs more to borrow money.

Unit 10– Finance Vocabulary 9 11 8 13 15 14 7 12 5 1 6 2 3 4 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart 10. The _________ includes full details of a company’s business activity for the previous year. annual report

Unit 10– Finance Vocabulary 9 11 8 13 15 14 7 12 5 1 6 2 3 4 Borrow Interest rate Rise Fall Investment Offshore bank accounts Liabilities Shareholder Financial results Tax year Annual report Profit and loss account Turnover Earnings per share Net profit Balance sheet Dividend Exchange rate Finance Gross profit Operating profit Acquisition Miscellaneous Fraction Deposit Share Overhead Pie chart 11. _______ deals with matters related to money and the markets. Finance

Unit 10– Finance Vocabulary 9 11 8 13 15 14 7 12 5 1 6 2 3 4 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart financial results 12. The _____ of a company can be found in the annual report.

Unit 10– Finance Vocabulary 9 10 8 7 11 12 15 14 13 6 5 2 1 3 4 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart 13-14. When interest rates _____ , it costs more to borrow money. When they _____, it costs less. rise fall

Unit 10– Finance Vocabulary 9 11 8 13 15 14 7 12 5 1 6 2 3 4 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart earnings per share 15. Investors are most interested in the ________ of a company.

Unit 10– Finance Vocabulary 9 11 8 13 15 14 7 12 5 1 6 2 3 4 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart 16. When interest rates are high, it is expensive to _____ money. borrow

Unit 10– Finance Vocabulary 9 8 11 12 15 14 13 7 5 6 2 1 4 3 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart 17. An example of a(n) _______ is the expense for utilities. overhead

Unit 10– Finance Vocabulary 9 8 11 12 15 14 13 7 5 6 2 1 4 3 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart 18. On a balance sheet, accounts payable are listed as ______ . liabilities

Unit 10– Finance Vocabulary 9 8 11 12 15 14 13 7 5 6 2 1 3 4 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart exchange rate 19. The ______ determines the amount of one nation’s currency I can get for the currency of another’s.

Unit 10– Finance Vocabulary 9 8 11 12 15 14 13 7 5 6 2 1 3 4 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart 20. A(n) ______ shows percentages in a graphical format. pie chart

Unit 10– Finance Vocabulary 9 8 11 12 15 14 13 7 5 6 2 1 3 4 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart 21. A(n) ________ builds available funds in a bank account. deposit

Unit 10– Finance Vocabulary 9 8 11 12 15 14 13 7 5 6 2 1 3 4 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart 22. A(n) ________ refers to the use of money in hopes of making more money. investment

Unit 10– Finance Vocabulary 9 8 11 12 15 14 13 7 5 6 2 1 3 4 borrow interest rate rise fall investment offshore bank accounts liabilities shareholder financial results tax year annual report profit and loss account turnover earnings per share net profit balance sheet dividend exchange rate finance gross profit operating profit acquisition miscellaneous fraction deposit share overhead pie chart operating profit 23. The ________ = total revenue minus all costs except interest and taxes.

Unit 10– Finance Vocabulary 9 8 11 12 15 14 13 7 5 6 2 1 3 4 Borrow Interest rate Rise Fall Investment Offshore bank accounts Liabilities Shareholder Financial results Tax year Annual report Profit and loss account Turnover Earnings per share Net profit Balance sheet Dividend Exchange rate Finance Gross profit Operating profit Acquisition Miscellaneous Fraction Deposit Share Overhead Pie chart Miscel-laneous 24. ________ things are of various types or from different sources.

Unit 10– Finance Vocabulary 9 8 11 12 15 14 13 7 5 6 2 1 4 3 Borrow Interest rate Rise Fall Investment Offshore bank accounts Liabilities Shareholder Financial results Tax year Annual report Profit and loss account Turnover Earnings per share Net profit Balance sheet Dividend Exchange rate Finance Gross profit Operating profit Acquisition Miscellaneous Fraction Deposit Share Overhead Pie chart profit and loss account 25. A ________ itemizes income and expenses over a given period.

Unit 10– Finance Vocabulary 9 8 11 12 15 14 13 7 5 6 2 1 4 3 Borrow Interest rate Rise Fall Investment Offshore bank accounts Liabilities Shareholder Financial results Tax year Annual report Profit and loss account Turnover Earnings per share Net profit Balance sheet Dividend Exchange rate Finance Gross profit Operating profit Acquisition Miscellaneous Fraction Deposit Share Overhead Pie chart 26. One ________ of Apple bought 20 years ago ($3.50) would be worth 200 times as much today. share

Unit 10– Finance Vocabulary 9 8 11 12 15 14 13 7 5 6 2 1 4 3 Borrow Interest rate Rise Fall Investment Offshore bank accounts Liabilities Shareholder Financial results Tax year Annual report Profit and loss account Turnover Earnings per share Net profit Balance sheet Dividend Exchange rate Finance Gross profit Operating profit Acquisition Miscellaneous Fraction Deposit Share Overhead Pie chart acqui-sition 27. An example of a(n) ______ is buying over ½ of a company.

Unit 10– Finance Vocabulary 9 8 11 12 15 14 13 7 5 6 2 1 4 3 Borrow Interest rate Rise Fall Investment Offshore bank accounts Liabilities Shareholder Financial results Tax year Annual report Profit and loss account Turnover Earnings per share Net profit Balance sheet Dividend Exchange rate Finance Gross profit Operating profit Acquisition Miscellaneous Fraction Deposit Share Overhead Pie chart 28. Give an example of a fraction: _______________ 1/3, 2/5, 3/8, etc.

Unit 10– Finance Vocabulary Pop Quiz: What's the proper grammar for asking about equity? Who is equity? When is equity? What is equity? Why is equity? 10 8 11 9 13 15 14 7 12 5 1 6 2 3 4 Definition (in brief): (n.) Ownership interest or claim of a holder of common stock in a company Usage (example): The firm is losing equity very quickly, with projections for the future showing the equity to have a very grim future. Source BusiinessDictionary.com

Unit 10– Finance Vocabulary Pop Quiz: What's the proper grammar for asking about overhead? Who has the overhead? Where is the overhead? When is the overhead? Why is the overhead? 10 8 11 9 13 15 14 7 12 5 1 6 2 3 4 Definition (in brief): (n.) A cost or expense (such as for administration, insurance, rent, and utility charges) that is directly involved with the production of the product. Usage (example): The rental of our building is the largest part of our company’s overhead costs. Source BusiinessDictionary.com

Unit 10– Finance Vocabulary Pop Quiz: What's the proper grammar for asking about liability? Who has liability? What has liability? When has liability? Why has liability? 10 8 11 9 13 15 14 7 12 5 1 6 2 3 4 Definition (in brief): (n.) A claim against the assets, or legal obligations of a person or organization Usage (example): The liability was too much for us to pursue that business plan because we did not want to expose our self to that much risk. Source BusiinessDictionary.com

Unit 10– Finance Vocabulary Pop Quiz: What's the proper grammar for asking about balance sheet? Where did the balance sheet? What did the balance sheet? Who did the balance sheet? Why is the balance sheet? 10 8 11 9 13 15 14 7 12 5 1 6 2 3 4 Definition (in brief): (n.) A condensed statement that shows the financial position of an entity on a specified date. (Its assets minus liabilities) Usage (example): One look at the balance sheet of the company would show that they had more cash than they knew what to do with. Source BusiinessDictionary.com

Unit 11– Corporate Responsibility Vocabulary from the Word List: cash-flow (p. 126) charge interest (p. 125) corporate responsibility (p. 122) credit card (p. 126) creditor (p. 125) debt (p.125) debtor (p. 126) delaying tactic (p. 126) environment (p. 122) equal opportunity (p. 122) ethical consumer (p. 122) ethical policy (p. 122) exploit workers (p. 133) first world (p. 122) invoice (p. 126) long-term gain (p. 123) loyal (p. 123) overcharge (p. 126) payment on time (p. 122) product policy (p. 122) spending power (p. 122) third world (p. 122) work force (p. 122) Additional Words: aspect  (pg.132) deterrent  (pg. 125)  legislation  (pg. 125) penalty  (pg. 125) sceptical (pg. 125) self-sufficient (pg. 124)

Week 13 (Fri—Week 14) 1. Student presentations (for all but Friday classes)– get your PPTs onto the computer early (in one folder if possible). Test your PPT on a computer beforehand to make sure it is going to work. Presentations have been reduced to three minutes (+/- 30 seconds).

Unit 11– Corporate Responsibility 1. Unit 11 Student Book – Corporate Responsibility                       • Reading Pgs. 125-126:  #1, 2, 3, 4, 52. 2. Highlight vocabulary in textbook from the Unit 11 List—make sure you understand what the words mean either in context or by looking them up in BusinessDictionary.com. 3. Unit 11 Quia quiz – complete before Week 16 class (available beginning Wednesday, June 8, around 6:00 p.m.) Prize for 1st 100% in the class!