4 Written Questions

1. (v) To settle the affairs of a business by determining the liabilities and using the assets to discharge them; to pay off or settle a debt
2. (adj) Profitable; producing wealth
3. (n) Property pledged by a borrower to secure a loan and to protect the interests of the lender
4. (n) An article of trade, such as an agricultural or mining product that can be transported

3 Multiple Choice Questions

1. (v) To examine, verify, or correct, as financial accounts. To attend a course without receiving a grade or academic credit
   1. Accrue
   2. Security
   3. Commodity
   4. Audit
2. (n) A corporation made up of a large number of separate companies operating in different industries
   1. Collateral
   2. Commodity
   3. Conglomerate
   4. Liquidate
3. (n) A combination of independent or government owned businesses formed to control the production and distribution of its member's goods
   1. Audit
   2. Accrue
   3. Cartel
   4. Collateral

3 True/False Question

1. Security → (n) Written evidence of ownership or creditorship such as bonds or stocks
   

   True        False

2. Recompense → (n) Payment made in return for something given or done
   

   True        False

3. Accrue → (v) To examine, verify, or correct, as financial accounts. To attend a course without receiving a grade or academic credit
   

   True        False