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English for Business Administration
ENGLSH TEST 1
Time: 90 minutes
I. Reading passage
A. Read the passage and answer the questions below based on the text (2 points)
Workers come and go as they please. They make vital decisions previously made
by the bosses. Secretaries have abolished (and given more awarding jobs). The assembly
line has been abandoned, as have economies of scale like buying components in bulk. A
quarter of employees fix their own salaries and soon everyone will. The workers decide
how much of the profits to share and how much to invest. Many of the rest are encouraged
to work from home or set up their own small companies. Employees reorganize their
factories and choose new sites for development. Central computers have been consigned
to oblivion along with rows of unnecessary filing cabinets. Memos must be confined to
one page. There are no controls over expenses or business travel. There is a reception
desk, but no receptionist. The boss doesn’t even have his own desk and has to make his
own tea.
New words
vital decision: quyết định quan trọng
in bulk: với khối lượng lớn
abandon: từ bỏ, bỏ rơi
oblivion: sự lãng quên
Questions
1. Who makes the decision?
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2. What things have been abandoned?
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3. How are salaries decided?
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4. How are profits shared?
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5. Who reorganizes the factories?
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B. Translate the reading passage into Vietnamese (2 points)
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II. Write completed sentences based on the given phrases (2 points)
1. All/ necessary goods/ services/ will/ supply.
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2. Citizens/ can/ choose/ what/ they/ do.
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3. Control/ economy/ much/ same/ regulate.
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4. She/ only/ work/ GLM/ since/ takeover.
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5. Products/ can/ sell/ unbranded commodities.
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6. Sellers/ will/ raise/ price/ ration/ limited supply.
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7. Interest/ what/ pay/ borrowing money.
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8. He/ whom/ you/ meet/ last week.
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9. Bank/ charge/ interest/ if / account/ overdrawn.
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10. Accounting reports/ based/ activities/ been carried/ people.
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III. Translate the following sentences into English (2 points)
1. Prudential là công ty bảo hiểm có thị phần lớn nhất ở Việt nam.
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2. Theo báo cáo của bộ Công nghiệp và Thương mại thì nền kinh tế của Singapore đã
và đang phát triển với một tốc
độ đáng kể.
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3. Ngành dịch vụ cũng tăng 6,1%, đứng đầu là các dịch vụ tài chính, tiếp theo là bán
buôn và bán lẻ.
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4. Cô ấy đã chấp nhận công việc vì nó đuợc trả lương cao và có nhiều triển vọng tốt.
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5. Điều quan trọng là phải tạo được ấn tượng ban đầu thật tốt đối với các khách hàng
tiềm năng.
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IV. Image that you work for a company. An American company has written asking for
some information about your company. Write a letter to introduce your company to
them.(2 points)
- Begin your letter like this:
Dear…
You asked for some information about our company.
- Try to answer some of these questions in the main body of the letter:
• What area or areas does the company work in?
• When did the company start?
• What product does the company manufacture?
• Where is the company located?
• How is the company structured?
• How many people are there on the workforce?
• How do you see the future of the company developing?
• Has much changed in the company in the past?
- Finish your letter like that:
If you have any further questions, please get in touch with me.
Yours sincerely,
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ENGLISH TEST 2
Time: 90 minutes
I. Reading passage
A. Read the passage and answer the questions below based on the text (2 points)
The company, Semco, located in São Paulo, Brazil, make pumps, dishwashers and
cooling units. It has been crawled over by the media and hundreds of curious corporations
including 150 of the Fortune top 500 companies in the US. Semco has increased profits
fivefold to nearly $3 million on sales approaching $30 million (after allowing for inflation
despite the hyper-inflationary background of the national economy). It exported 23
percent of output. Productivity has risen sevenfold and the company is free of debt.
New words
crawl: bò, di chuyển chậm chạp
cooling unit: máy điều hoà
fivefold: gấp 5 lần
hyper-inflationary: lạm phát phi mã
output: sản lượng
debt: nợ
Questions:
1. What products does the company make?
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2. How have the profits of Semco developed recently?
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3. What is the sales situation?
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4. What happens to its output?
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5. How would you describe Semco’s financial situation?
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B. Translate the reading passage into Vietnamese (2 points)
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II. Write completed sentences based on the given phrases (2 points)
1. Economist/ satisfied/ work/ would/ done/ rapidly.
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2. People/ use/ time/ money/ wish.
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3. India/ make/ clear distinction/ two/ sectors.
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4. Trade Unions/ asked/ new plan/ must/ regulate/ / flow of work.
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5. Three factors/ production/ land/ labor/ capital.
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6. Need/ capital/ purchase/ supplies.
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7. Not/ concerned/ non-essential commodities.
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8. Haven’t/ tell/ invoice number.
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9. Money/ make/ owing shares/ call/ dividend.
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10. Sale/ goods/ services/ result/ inflow.
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III. Translate the following sentences into English
1. Tuy nhiên người ta vẫn tin rằng thị trường bảo hiểm ở Việt nam sẽ tiếp tục phát
triển khi thu nhập của người dân tăng lên.
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2. Tính đến nay Uỷ ban chứng khoán nhà nước đã m
ở dược rất nhiều các khoá học
về chứng khoán.
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3. Tổng sản phẩm quốc nội của Singapore đã tăng 6% trong quí 1 so với cùng kỳ
năm ngoái.
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4. Ban giám đốc sẽ phải đưa ra quyết định cuối cùng về các hoạt động của công ty
mình.
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5. Nền kinh tế quốc gia phát triển tốt phụ thuộc vào thái độ của chính phủ đối với
doanh nghiệp t
ư nhân.
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IV. You have seen a lot of advertisements on television. What are your favourite TV
commercials? Describe them and explain why you think they are effective? Your
description should cover these points: (2 points)
• Target customers
• Features and benefits of the products
• How to attract the attention of potential customers
• How to create a desire for its benefits
• How to encourage customers to take prompt action
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ENGLISH TEST 3
Time: 90 minutes
I. Reading passage
A. Read the passage and answer the questions below based on the text (2 points)
Anyone who has contact with customers is salesperson – that includes the
telephonist who answers the phone and the service engineer who calls to repair a machine.
So that probably includes you!
The relationship between a salesperson and a client is important: both parties want
to feel satisfied with their deal and neither wants to feel cheated. A friendly, respectful
relationship is more effective than an aggressive, competitive one.
A salesperson should believe that his or her product has certain advantages over
the competition. Customers wants to be sure that they are buying a product that is good
value and of high quality. People in business are not going to spend their company’s
money on something they don’t really need (unlike customers, who can sometimes be
persuaded to buy “useless” products like fur coats and solid gold watches).
Some salespeople adopt a direct “hard sell” approach, while others use a more
indirect “soft sell” approach. Which approach do you prefer? Whichever approach is used,
in the end perhaps a good salesperson is someone who can persuade anyone to buy
anything. On the other hand, maybe a good salesperson is someone who knows how to
deal with different kinds of people and who can point out how his or her product will
benefit each individual customer in special ways. After all a buyer is called a “buyer”
because he or she wants to buy. All you need to do is to convince them that your product
is the one they want. A successful sales meeting depends on both the salesperson and the
customer asking each other the right sort of question.
New words:
adopt: sử dụng, thực hiện, chấp nhận
service engineer: kỹ sư phụ trách bộ phận dịch vụ khách hàng
“Hard sell” approach: (tiếp thị) cách bán hàng bằng quảng cáo rầm rộ, liên tục, gây ấn
tượng mạnh đối với khách hàng.
“Soft sell” approach: cách bán hàng bằng cách dùng lời để thuyết phục.
Questions
1. What is a salesperson?
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2. What do customers want to be sure?
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3. How many approaches that salespeople adopt are there? And what are they?
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4. How is a good salesperson defined in the passage?
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5. What a successful sales meeting depend on?
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B. Translate the reading passage into Vietnamese (2 points)
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II. Write completed sentences based on the given phrases (2 points)
1. Supply/ essentials/ non-essentials/ commodities/ studied.
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2. Man/ good education/ usually/ earn/ money.
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3. Giants/ ICI/ BP/ not/ publicly owned.
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4. That/ theory/ now/ out of date.
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5. Current assets/ company/ usually/ include/ cash/ inventory.
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6. Debt financing/ classify/ short term/ long term.
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7. He/ interested/ economics.
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8. Accountant/ concerned/ provision/ interpretation/ financial information.
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9. Holders/ shares/ together/ form/ ownership.
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10. Sellers/ will lower/ price/ rush/ unload/ unwanted models.
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III. Translate the following sentences into English (2 points)
1. Theo báo cáo, vào năm 2006 số lượng các đại lý bảo hiểm đã giảm đi 31%.
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2. Thị trường chứng khoán Việt nam khác nhiều so với thị trường chứng khoán ở
các
nước phát triển như nước Úc.
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3. Rất nhiều các doanh nghiệp nhà nước đã bắt đầu quá trình cổ phần hoá.
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4. Dự án phải kết thúc vì thiếu vốn.
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5. Ngày nay khách hàng tìm kiếm những sản phẩm thực sự có tính hữu dụng cao đối
với họ.
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IV. Imagine that a foreign company is going to send a person on a business trip to your
company. After finishing his/ her work, he / she would like to know how to get to some
places and to explain local customs and habits of your own town or city. Write a passage
about 150 words to tell him/ her what he/ she needs. (2 points)
Your writing may cover some these points:
• Where he/ she could go.
• When the museums and art galleries are open.
• How he/ she can get tickets for a concert or show.
• Which restaurants serve typical local dishes.
• Where can he/ she buy local specialities to take home.
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ENGLISH TEST 4
Time: 90 minutes
I. Reading passage
A. Read the article and answer the questions below based on the text (2 points)
Late payers can kill a business
Managing cash flow in the everyday sense is about making sure you have money coming
in to finance the costs of the goods and services you are producing.
If you are a small business, the chances are that for every £100 you owe. Others
owe you £155. What’s more, you’re probably waiting up to 12 weeks to get paid. It’s not
right. Some business people have very definite ideas about what should be done to make
thing fairer.
Improving credit control can make a world of difference to your business
prospects. Profit is good, but it’s cash that pay the wages.
So here are ten tips to help you to get what’s due to you.
a. Assess the credit risk of every customer and assign a credit limit to them
before any goods are supplied. Trade and bank references should always be
taken up before accepting a customer on credit terms.
b. State the credit terms clearly on each invoice (a pay-by date and details of
interest charges).
c. Ask for a percentage of the invoice value in advance as protection against bad
debt and to help cash flow.
d. Try credit insurance if credit checks do not come up to standard. It’s not
always available, but it can provide up to 100 per cent cover on approved
debts, guaranteeing payment by a specified date.
e. Think about using debt collection agencies for smaller debts. Agency fees,
usually based on a percentage, are only payable if the debt is successfully
recovered.
f. Investigate the potential of factoring. Factors purchase a firm’s unpaid
invoices, paying up to 70 per cent or more of the face value, but they often
only take on the best customers.
g. Make sure you know the name and department of the person to whom each
invoice is being sent.
h. Check how long existing customers take to pay – and negotiate new credit
terms if they are not meeting bills on time.
i. Offer your customers discounts for paying up promptly when invoiced.
j. Follow up with a fax to make sure your invoice isn’t overlooked, disregarded
or left at the bottom of the pile.
New words:
credit terms: những điều khoản tín dụng assign: phân công, chỉ định, chuyển nhượng
bad debt: nợ khó đòi cash flow: lưu lượng tiền mặt
face value: giá trị danh nghĩa overlook: bỏ qua, không chú ý đến
disregard: bỏ qua, không quan tâm pile:
đống (hồ sơ)
Questions
1. What sort of people is the article written for?
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2. How many tips are there in the article?
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3. How can you deal with smaller debts?
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4. What can you do if customers pay up swiftly?
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5. Whose name do you need to know?
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B. Translate the reading passage into Vietnamese (2 points)
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II. Write completed sentences based on the given phrases (2 points)
1. Law/ must/ obey.
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2. Those days/ they/ can/ work/ rapidly/ factory/ but not now.
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3. British government/ control/ economy/ strictly/ NECD.
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4. Economy/ which/ poorly run/ lead/ problem/ society.
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5. People/ interviewed/ manager/ yesterday.
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6. Fiscal deficits/ affect/ balance of payments/ rate of inflation.
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7. There/ change/ quantity/ material supplied.
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8. Make profit/ earn money.
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9. Accounting reports/ prepared/ order/ help/ make decision.
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10. Each share/ presented/ stock certificate.
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III. Translate the following sentences into English (2 points)
1. Các chuyên gia dự báo thị trường bảo hiểm năm nay sẽ tiếp tục gặp khó khăn vì
một lượng vốn đáng kể được đổ vào thị trường chứng khoán.
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2. Rất nhiều các công ty của Đài loan đang xem xét việc chuyển một số các nhà máy
của họ ở Trung Quốc sang Việt nam.
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3. Theo bộ Thương mại, lạm phát bị ảnh hưở
ng bởi các yếu tố trong nước và ngoài
nước.
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4. Phát biểu tại hội nghị, Chủ tịch Uỷ ban nhân dân Trịnh Quang Sử đã nhấn mạnh
rằng trong năm nay thành phố sẽ tiếp tục cải tiến các thủ tục hành chính…
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5. Việt nam đã trở thành thành viên chính thức của Tổ chức Thương mại thế giới
năm 2006.
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IV. Write a passage about the relationship between products and markets (about 200
words). (2 points)
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ENGLISH TEST 5
Time: 90 minutes
I. Reading passage
A. Read the passage and answer the questions below based on the text (2 points)
Business finance
Business finance refers to the financial decision making, the control of funds flows
in the course of operation, and the seeking of sources for the development programs of s
business. In addition to bookkeeping accounting, business finance includes the tasks of
cashiering, debt collecting, customers’ credit classification…and the assessment of
efficiency in the performance.
Special decisions are needed when entrepreneurs want a business to start
(decisions on the founders’, legal and initial capital), to expand (increase of the chartered
capital), and when the business faces the state of insolvency or fall into failure, the
decisions will be made on whether to re-structure or to disband it, and in case of closing,
whether to terminate it by dissolution or by bankruptcy.
Decisions made during course of a business life are made in industrial projects or
in commercial transactions. The evaluation of such plans is based on some financial
ratios.
In production, business finance esteems the profitability of an investment by an
analysis of the break-even point and the pay-back time. These are calculated from fixed
and variable costs with some considerations of depreciation of assets and time money
value.
In commerce, business finance is mostly concerned with some matters as a budget
of an advertising campaign, possible losses occurred from country risks or credit risks…
and the pricing policies to cope with the price war conditions.
New words:
founders’ capital: vốn sáng lập viên legal capital: vốn pháp định
disband: giải tán break-even point: điểm hoà vốn
pay back time: thời gian hoàn vốn depreciation of asset: khấu hao tài sản
time money value: thời giá tiền tệ
Questions
1. What does business finance refer to?
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2. Give an explanation for the word “entrepreneur”.
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3. What is the evaluation of the plans based on?
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4. What is the opposite of “variable cost”?
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5. Why is business finance concerned with the pricing policies?
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B. Translate the reading passage into Vietnamese (2 points)
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II. Write completed sentences based on the given phrases (2 points)
1. Car/ will/ maintain/ them.
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2. People/ not/ like/ work/ unsatisfactory conditions.
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3. Americans/ dedicated/ system/ private enterprise.
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4. Change/ government/ usually/ mean/ change/ policy.
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5. Said/ she/ get/ order/ furniture.
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6. Prices/ rise/ if government/ print/ more money/ people/ want/ have.
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7. Supply/ cigarettes/ not/ usually/ fluctuate.
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8. Can/ collect/ goods/ factory?
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9. Shareholders/ people/ own/ part/ company.
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10. Accounting/ concerned/ report/ effects/ past decision.
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III. Translate the following sentences into English (2 points)
1. Năm ngoái thị phần của công ty bảo hiểm Bảo Việt đã tăng 3%.
…………………………………………………………………………………………
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2. Các công ty của Đài loan sẽ đầu tư chủ yếu vào các lĩ
nh vực như chất bán dẫn,
công nghệ truyền thông và thông tin.
…………………………………………………………………………………………
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3. Cổ phần hoá giúp cho nhiều doanh nghiệp kiểm soát các hoạt động của mình một
cách tốt hơn và làm giảm các chi phí về quản lý hành chính.
15
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4. Một số người tin rằng lạm phát sẽ ổn định bởi giá của nhiều loại hàng hóa nhập
khẩu giảm.
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5. Nhiều doanh nghiệp có vốn đầu tư của nước ngoài đã tham dự hội nghị 2 ngày tổ
chức tại thành phố Hồ Chí Minh tuần trước.
…………………………………………………………………………………………
…………………………………………………………………………………………
IV. Imaging that after graduating from university, you intend to work for a foreign
company. English is very necessary and useful for your work. So what would you do to
improve your English especially English for Business management now? Write a passage
about your plan about 150 words. (2 points)
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16
ENGLISH TEST 6
Time: 90 minutes
I. Reading passage
A. Read the passage and answer the questions below based on the text (2 points)
Over the decades, the name of Siemens has become synonymous with progress.
Since 1847, when Werner Siemens and Johann Georg Halske founded the Siemens &
Telegraph Construction Company in Berlin, the history of Siemens has been closely
linked with the development of electrical engineering. While still a fledgling firm,
Siemens & Halske spearheaded the evolution of telegraphy with the first pointer telegraph
and the construction of an extensive telegraph network. In 1866, Werner Siemens
invented the dynamo machine, laying the cornerstone of power engineering.
New ideas are an old tradition at Siemens. The company that grew out of the
original Siemens & Halske is today a highly innovative leader in the world electrical and
electronics market. Composed of Siemens AG and an array of domestic and foreign
subsidiaries, the contemporary Siemens organization continues to set milestones on the
road of progress.
Siemens maintains its own production facilities in more than 50 countries and
operates a worldwide sales network. With more than 300,000 employees, it is one of the
largest companies in the world electrical/electronics industry, having recorded annual
sales of DM 82 billion in the 1992/93 fiscal year. Reliable and farsighted management is
united with the youthful dynamism and zest for innovation that typify the company.
New words
synonymous: đồng nghĩa fledgling firm: hãng mới thành lập
evolution: sự tiến triển, sự tiến hoá spearhead: làm mũi nhọn dẫn đầu
dynamo machine: máy phát điện cornerstone: nền tảng, cơ bản
subsidiary: chi nhánh, công ty con milestone: mục tiêu, cột mốc
farsighted: c ó tầm nhìn xa, trông rộng zest: sự say mê, sự thích thú
typify: là điển hình của, làm mẫu cho
Questions
1. When and when did Siemens & Telegraph Construction Company found?
…………………………………………………………………………………………
2.
What has the history of Siemens been closely linked with?
…………………………………………………………………………………………
3. What is the cornerstone of power engineering?
…………………………………………………………………………………………
4. How many employees does Siemens have?
…………………………………………………………………………………………
5. What typify the company?
…………………………………………………………………………………………
B. Translate the reading passage into Vietnamese (2 points)
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17
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II. Write completed sentences based on the given phrases (2 points)
1. Accounting/ one/ fastest growing field/ modern business world.
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2. Importing/ exporting/ two aspects/ foreign trade.
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3. Unions/ argue/ points/ important/ its members.
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4. Some economists/ interested/ measure/ changes/ price of essential commodities.
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5. Management/ try/ change/ methods/many times.
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6. Marketing/ defined/ process of matching/ organization’s resources/ customer
needs.
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7. People/ not/ like/ work/ unsatisfactory conditions.
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8. New government/ work/ rapidly/ change/ laws.
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9. Changes/ prices/ lead/ change/ quantity of a commodity.
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10. What/ difference/ demand/ desire/need?
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III. Translate the following sentences into English (2 points)
1. Những người nắm giữ cổ phiếu sẽ là những người chủ sở hữu của công ty.
…………………………………………………………………………………………
2. Ban quản trị phải thận trọ
ng xem xét cả luồng tiền ra và vào trong việc điều hành
công ty.
…………………………………………………………………………………………
3. Nếu bạn muốn kinh doanh bạn cần phải có vốn.
…………………………………………………………………………………………
4. Viễn thông đóng vai trò quan trọng trong nền kinh tế.
…………………………………………………………………………………………
18
5. Các công ty tiến hành việc định giá theo nhiều cách khác nhau.
…………………………………………………………………………………………
IV. Write a passage about the different economic systems (about 150 words) (2 points)
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19
ENGLISH TEST 7
Time: 90 minutes
I. Reading passage
A. Read the passage and answer the questions below based on the text (2 points)
Cost accounting
Cost accounting is an essential specialty within the accounting field. One of the
main objectives of industry is to determine the selling price of the products or the cost of
services that are furnished by a company. To establish a selling price that ensures a profit,
it is first necessary to determine the costs of making the product or of providing the
service. This is the purpose of cost accounting, and many of the procedures of other
branches of accounting have been adapted to achieve this end.
Basically, there are two kinds of manufacturing. In the first, raw materials are
shaped or assembled into a product. Many consumer goods, including automobiles,
appliances, furniture and clothing are manufactured in this way. In the second, a
continuous process that is often chemical in nature changes a raw material into some other
kind of product. Metal are refined, or purified, from their ores by means of a continuous
process. Some agricultural products - like sugar - are also refined in this way. Petroleum
product, paper, flour and cement are other examples of continuous – process
manufacturing.
Because of this difference in manufacturing techniques, there are two principles
methods of determining costs. The first method, job-order cost accounting, is suitable for
use with the assembly type of manufacturing. It is used to determine the cost of an
individual item or of a batch, or job lot, of identical items. The other method, process cost
accounting, is suitable for use with the continuous process type of manufacturing. It
differs from job-order costing because it is based on a time period that is usually
determined by the nature of the process.
New words
job-order cost accounting: hạch toán giá thành theo đơn đặt hàng
process cost accounting: hạch toán giá thành theo quá trình phân bước
manufacturing technique: kỹ thuật sản xuất
identical: đúng, chính xác
refine: tinh chế
Questions:
1. What is one of the main objectives of industry?
…………………………………………………………………………………………
2. How many kinds of manufacturing are there?
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3. How many methods of determining costs are there?
…………………………………………………………………………………………
4. What are they?
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5. What is the difference between the two methods?
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20
B. Translate the reading passage into Vietnamese (2 points)
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II. Write completed sentences based on the given phrases (2 points)
1. Main function/ NEDC/ plan/ national production/ set/ production target.
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2. Britain / have/ mixed economy.
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3. People/ seldom/ have/ everything/ want.
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4. Corporation/ also/ capital funds/ borrowing.
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5. Fiscal policy/ carry/ Ministry of Finance.
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6. Greater/ success of the company/ more value/ shares/ have.
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7. Utility/ vary/ different people/ different nations.
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8. Britain/ similar/ USA.
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9. Volume of outputs/ limit/ amount of factors of production.
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10. Accounting/ basic/ vital element/ every/ modern business.
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III. Translate the following sentences into English (2 points)
1. Các công ty tiến hành việc định giá theo nhiều cách khác nhau.
…………………………………………………………………………………………
2. Cung của nhiều loại hàng hoá có thể được điều chỉnh cho phù hợp với điều kiện
của thị trường.
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3. Hội nghị sẽ tập trung vào các chuẩn mực quốc tế trong ngành tài chính.
21
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4. Một vai trò quan trọng của các tổ chức liên minh là phải đảm bảo rằng các dịch vụ
bưu chính cung cấp cho khách hàng được đặt trong những ưu tiên hàng đầu.
…………………………………………………………………………………………
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5. Hội nghi quốc tế lần thứ tư về thông tin di động nhằm mục đích thúc đẩy sự phát
triển của thị trường thông tin di động ở Việt nam.
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IV. Write a passage about the impacts of telecommunications investment on the
economic growth in Vietnam (about 200 words). (2 points)
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22
ENGLISH TEST 8
Time: 90 minutes
I. Reading passage
A. Read the passage and answer the questions (2 points)
In every country, the production of goods and services provide the food, clothing
and housing that allow its people to survive and prosper. Some countries produce an
abundance of raw materials, such as coal and timber while others produce manufactured
goods like steel and automobiles. Some countries may concentrate on producing
foodstuffs, like rice and butter while others produce services such as movies, insurance or
banking. Whatever is not country
in the country can be sold to other countries as exports.
The size of a country’s economy is determined by the total amount of goods and
services that it produces. As more and more goods and services are produced, the
economy grows and the best way to measure this growth is to put a monetary value on
everything bought or sold.
The measure of economic activity that includes all the goods and services bought
or sold in a country over the course of a year is called gross domestic product (GDP).
GDP measures a country’s economic activity, when a country produces more goods and
services, its economic activity increases. A healthy economy grows steadily over a
relatively long period of time. When growth slows down or stops, the economy is said to
be in a “recession”.
1. What does the production of goods and services allow people to do?
…………………………………………………………………………………
2. Are services such as movies, insurance or banking produce?
…………………………………………………………………………………
3. What is the size of a country’s economy determined by?
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4. How is the economic growth measured?
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5. What happens when a country produces more goods and services?
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B. Translate part of the text into Vietnamese (From In every country ……………….
to everything bought or sold) (2 points)
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II. Use the words to make complete sentences (2 points)
1. Price/ still remain/ one/ most important/ elements.
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2. Free/ competition/ not/ always/ available/ real/ world.
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3. There/ be/ different kinds/ monopoly.
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4. Natural monopolies/ be/ different/ legal/ ones.
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5. In some markets/ three/ be/ limited number/ sellers.
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6. Steel/ be/ stored/ long time/ without/ lose/ value.
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7. He/ decide/ invest/ money/ new/ enterprise.
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8. People/ not/ usually/ have/ everything/ want.
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9. Demand/ essential commodities/ always/ elastic.
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10. We/ buy/ other thing/ only/ they/ relatively cheap.
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III. Translate the sentences into English (2points)
1. Tuy nhiên quảng cáo và bán hang chỉ là 2 chức năng của Marketing.
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2. Sản phẩm và dịch vụ được dựa trên sự hiểu biết của mỗi người, mỗi tổ chức.
…………………………………………………………………………………
3. Các sản phẩm mới cần được giới thiệu để khách hang biết đến.
…………………………………………………………………………………
4. Học thuyết kinh tế của các n
ước không giống nhau.
24
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5. Công dân Mỹ được hưởng quyền tự do về kinh tế.
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IV. In about 150 words, write about the development of Vietnamese economy. (2
points)
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25
ENGLISH TEST 9
Time: 90 minutes
I. Reading passage
A. Read the passage and answer the questions (2 points)
Income growth fluctuates up and down over time even when there is a
generally rising trend in output. For example, in Vietnam, national income grew at an
average annual rate of 3.9% per year between 1986 and 1990. But rates varied
significantly from one year to the next. In 1986 income grew 6.5%, much more than
the average growth rate from 1986 – 1990. In 1990 it only grew 2.4% which was less
than the average. These year – to year (or short – term) movements in output are
called the business cycle.
The business cycle is the somewhat regular pattern of expansion (recovery)
and contraction (recession) in real output that occurs in any economy in the short
term. Growth is a term often used to mean the expansion or increase in the total
output of the economy that happens over the long term.
The turning points of economic activity during the business cycle are peak and
the trough. The peak occurs when the growth rate is at the highest point and
unemployment is low. The trough occurs when growth is at the lowest point and when
unemployment is high.
1. Does income growth stay the same from one year to the next?
…………………………………………………………………………………
2. What was the rate of income growth in Vietnam in 1988?
…………………………………………………………………………………
3. What are year – to year movements in output are called?
…………………………………………………………………………………
4. What is the definition of Growth?
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5. What are the two terms talking about the turning points of economic
activity during the business cycle?
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B. Translate part of the text into Vietnamese (From The business cycle is the
somewhat ……………………unemployment is high) (2 points)
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