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Navazující magisterské studium

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NMS – ENTRANCE EXAM – SAMPLE VERSION

I. Choose the best word to complete each gap:

Corporate social responsibility (CSR) is a form of corporate self-regulation 1) _____ into a business model. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active 2) _____ with the spirit of the law, ethical standards and national or international norms. The aim is to increase long-term profits 3) _____ positive public relations, high ethical standards to reduce business and legal risk, and shareholder 4) _____ by taking responsibility for corporate actions. CSR strategies encourage the company to make a positive 5) _____ on the environment and 6) _____ including consumers, employees, investors, communities, and others.

Proponents argue that corporations increase long-term profits by operating with a CSR perspective, while critics argue that CSR 7) _____ from businesses‘ economic role and that CSR is merely window-dressing, or an 8) _____ to pre-empt the role of governments as a 9) _____ over powerful multinational corporations.

Most consumers agree that while achieving business 10) _____, companies should do CSR at the same time. Most consumers believe companies doing charity will receive a positive 11) _____. A study also found that consumers are loyal and willing to spend more on retailers that 12) _____charity. Consumers also believe that businesses selling local products will 13) _____ loyalty.

The concept of CSR is underpinned by the idea that corporations can no longer act as 14) _____ economic entities operating in detachment from broader society. Traditional 15) _____ about competitiveness, survival and profitability are being swept away.

1. a) invented b) integrated c) instructed d) imposed
2. a) compliance b) compromise c) recognition d) admission
3. a) though b) thorough c) through d) threw
4. a) stock b) trust c) mind d) credit
5. a) impact b) incentive c) force d) link
6. a) stakeholders b) shareholders c) stockholders d) placeholders
7. a) protects b) prevents c) distracts d) benefits
8. a) approach b) assumption c) attempt d) esteem
9. a) security b) safety c) watchdog d) protection
10. a) targets b) objects c) points d) marks
11. a) responsibility b) response c) respond d) request
12. a) afford b) settle c) provide d) support
13. a) gather b) secure c) access d) gain
14. a) insulated b) isolated c) idle d) innovative
15. a) options b) sights c) views d) figures

II. Choose the best option:

  1. In the current slump, unemployment is … dangerously.
a) soaring b) swinging c) sliding d) plummeting
  1. Only 6% of executive positions are … by women.
a) blocked b) led c) taken d) held
  1. It was unbelievably cheap — a real … .
a) bargain b) packet c) bid d) fortune
  1. They see meetings as a/n … to share ideas.
a)recommendation b) feasibility c) efficiency d)opportunity
  1. The … between rich and poor is widening.
a) hole b)division c) gap d) niche
  1. What can we do to … this goal?
a) settle b) keep c) seize d) achieve
  1. I hope they don´t expect us to … the costs.
a) bottom b)meet c) plough d) cover
  1. We can´t really … on information from this source.
a) response b) receive c) rely d) repute
  1. Could you please … the date and time of our meeting by e-mail?
a) confirm b) concede c) afford d) admit
  1. Agricultural products are heavily … in the EU.
a) subsidized b) promoted c) funded d) doted
  1. Even market leaders are forced to reduce their prices in such a cut-… competition.
a) all b) throat c) price d) neck
  1. The vital step is to … your target customer.
a) thrive b) conduct c) appoint d) identify
  1. She´ll probably … some retraining when she goes back to work after three years.
a) require b) reject c) commit d) admit
  1. Modern technologies don’t seem to … the cashflow situation.
a) instant b) ease c) simple d) light
  1. It is depressing to see our market … decreasing rapidly in so many areas.
a) scale b) target c) size d) share

III. Choose the terms corresponding to the following definitions:

  1. A financial statement summarising what a firm owns and what it owes at a given point in time:
  1. budget
  2. gain-and-loss statement
  3. balance sheet
  4. profit-and-loss account
  5. income statement
  1. The market in which the currency of one country is exchanged for the currency of another:
  1. stock exchange market
  2. commodity market
  3. real estate market
  4. foreign exchange market
  5. bear market
  1. A severe contraction of the economic activity characterised by unemployment rate higher than 12% for more than one year:
  1. trough
  2. expansion
  3. upturn
  4. depression
  5. recovery
  1. A system of insurance run by the government, into which workers and employers make regular payments, and which provides money for people who are unemployed, old, etc.:
  1. maternity pay
  2. retirement pension
  3. unemployment benefit
  4. social insurance
  5. rent
  1. An economic system where both the government and private sector interact in solving economic problems:
  1. mixed economy
  2. command economy
  3. transition economy
  4. free market economy
  5. centrally planned economy
  1. A part of disposable income that is not spent on current consumption:
  1. savings
  2. sunk cost
  3. expenditure
  4. fixed cost
  5. revenue
  1. Items that will last for more than three years with normal usage:
  1. intermediate goods
  2. semi-finished goods
  3. non-durable goods
  4. durable goods
  5. perishable goods
  1. A sum of money that the government takes from people’s incomes, company profits, the sale of goods, etc.:
  1. commission
  2. interest
  3. revenue
  4. quota
  5. tax
  1. Expenses which do not vary with the volume of goods produced:
  1. opportunity cost
  2. marginal cost
  3. fixed costs
  4. sunk cost
  5. average cost
  1. The fact that the losses of owners of the business are limited to the value of their investment:
  1. private ownership
  2. public corporation
  3. legal tender
  4. unlimited liability
  5. limited liability