Answer Key
Success and failure – Practice 1
Choose the correct answer:
- Financial experts say that Alicom has only a small debt to service and so may use its cash [mountain]to buy out one of its rivals.
- A failing business that knows it has no reasonable chance of avoiding bankruptcy should [cease] trading
- If the negotiations fail, the company will be [wound up]
- Mr. Owen, chairman of Energis, is to receive a bonus of nearly $900,000 for his work in [turning] round the ailing company.
- MidWest bank has made a strong [recovery] from the dark days of the farm debt crisis.
- Goliath is a successful company and for the past ten years it has [distributed] part of its profits as dividends.
- Raytheon has announced the $2.9 billion [acquisition] of its competitor, Texas Instruments' electronic business
- When the company could not pay its debts the courts placed the company in the hands of a [receiver] in June 1897.
- Putting a [debtor] in jail means that he can't earn money to pay back the money he or she owes.
- Our economy could [collapse] under its huge debt burden – we owe $100 billion to foreign investors and banks alone.