Working with Words
MULTIPLE CHOICE Circle the letter next to the answer that best completes the sentence. Use your knowledge of context clues, prefixes, and roots to help you decide.
1 | We would like to _______________ payment for 30 days; a check will be mailed to you at that time.
(a) reimburse (b) reconcile (c) defer (d) defrost
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2 | Please _______________ payment as soon as possible.
(a) refuse, (b) remit, (c) commit (d) defer
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3 | Our _______________ department will send you a check for the amount the company owes you.
(a) payables (b) ledgers (c) receivables (d) invoice
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4 | Please _______________ the office rent so that the company pays only for the days it occupied the building.
(a) pay (b) remit (c) prorate (d) accrue
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5 | The budget committee _______________ funds specifically for upgrading the computer system.
(a) allocated (b) balanced (c) prorated (d) reimbursed
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6 | Mr. Yee asked the firm to _______________ his travel expenses as soon as possible.
(a) renovate (b) defer (c) reimburse (d) reform
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7 | Ms. Redwing indicated that the _______________ offered to her for completing the project was adequate.
(a) remuneration (b) asset (c) invoice (d) debit
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8 | Does the firm have more _______________ or liabilities?
(a) balances, (b) assets, (c) accounting (d) marketing
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FIND THE MISFIT In each group, underline the word that does not belong with the others. Then state why it doesn't belong.
1 | pay, accrue, remit, reimburse
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2 | remuneration, reimbursement, compensation, reconciliation
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3 | asset, allocate, prorate, accrue
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4 | balance sheet, liability, asset, receivable
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USING YOUR WORDS Use each of the following words or phrases in a sentence that demonstrates that you understand the meaning of the word or phrase.
1: | remit payment
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2: | allocate funds for
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3: | payables clerk
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4: | overdue invoices
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5: | balance sheet
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6: | remuneration for
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7: | prorate the amount
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8: | request reimbursement for
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9: | overhead
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10: | asset
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