Choose the sentence which is close in its meaning to the statement in the box.

41. A $2 million contract for the delivery of intelligent networks between St. Petersburg Intercity and International Telephone (SPMMT), and the Swedish company Ericson was cancelled because telecommunication services can be controlled through computer-based, service-independent platforms rather than from traditional telephone exchange.

a) St. Petersburg Intercity and International Telephone and the Swedish company Ericson announced that they formed a joint venture.

b) St. Petersburg Intercity and International Telephone and the Swedish company Ericson broke off their co-operation.

c) Telecommunication services can be successfully controlled through traditional telephone exchange.

42. Daimler Chrysler announced it was cutting 26, 000 jobs, or 20 per cent of Chrysler’s North American workforce. The company said it would close plants in Argentina, Brazil and Mexico and cut production at four plants in the United States and Canada.

a) Daimler Chrysler is experiencing considerable difficulties.

b) Daimler Chrycler is going to increase its work- force.

c) Only four plants in the United States and Canada will survive.

43. Europe is becoming more important to the U.S. investment banks. The list of bankers, crossing the Atlantic in the last years, has been steadily increasing. The total value of European deals has risen to more than $1 trillion in 2000 from $276 billion in 1995.

a) Over the last 5 years more and more American bank have been investing in European economy.

b) American and European banks are investing into the US enterprises.

c) American banks are not interested in investment in Europe.

44. The introduction in 1999 of a common currency, the Euro, created a banking boom for Europe. With the Euro came new laws that made easier for European companies to end longstanding cross-shareholding arrangements, freeing up cash.

a) Europe is experiencing an investment boom due U to introduction of Euro.

b) The introduction of Euro made it easier for European banks to invest throughout the world.

c) The introduction of Euro has created a lot of difficulties for the European economy.

45. The company has been struggling out of bankruptcy for the past two years and the recent three year Chinese turbine order could be just the ticket to help it do so.

a) The company won’t be able to meet the recent three-year Chinese order because it is on the edge of bankruptcy.

b) The recent three-year Chinese order will help the company to get out of difficult situation.

c) The company has been struggling for the three- year Chinese turbine order.

4. Choose the alternative to express the same idea as the word or phrase italicised.

46. The building where our company is located has been just reconstructed.

a) Our premises have b) Our headquarters have c) Our warehouse has

47. The company went bankrupt and had to sell its buildings and land that it owned.

a) liabilities b) debts c) property

48. The company’s properties that can be easily sold for money were bought by its competitors.

a) current liabilities b) net profits c) liquid assets

49. Last week we got a few urgent requests from our customers for the equipment, which we recently put on the market.

a) complaints b) orders c) invoices

50. We have just made an agreement which lets our company to use a few warehouses outside the town for 15 years with rent reviews every five years.

a) got the 15-year lease for b) got the 15-year contract c) got the 15-year order

51. The sum of money we pay to the owner of the building, where our office is located, is very high.

a) capital for b) rent for c) interest for

52. The seminar was organized for young people who start their own business.