Answer Key

Success and failure – Practice 1

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