Annual Report: TOEIC Practice Test Questions & Answers

The TOEIC (Test of English for International Communication) is an English language proficiency test designed to assess the English language skills of non-native speakers in a business or professional context. The test is widely used by organizations around the world to evaluate the English language skills of job candidates, employees, and students.

The TOEIC test consists of two parts: the TOEIC Listening and Reading Test and the TOEIC Speaking and Writing Test. The TOEIC Listening and Reading Test is a paper-and-pencil test that consists of multiple-choice questions, while the TOEIC Speaking and Writing Test is a computer-based test that consists of spoken and written responses to prompts.

The test is designed to measure a wide range of English language skills, including listening comprehension, reading comprehension, speaking ability, and writing ability. Overall, the TOEIC is a widely recognized and respected English language proficiency test that is used by organizations around the world to evaluate the English language skills of non-native speakers.

Q&A Topic: Annual Report

An annual report is a comprehensive document that provides an overview of a company’s performance and financial results over the course of a year. The report typically includes information about the company’s financial statements, management’s discussion and analysis of the company’s operations, any significant events that occurred during the year, and the company’s goals and objectives for the upcoming year.

Annual reports are often published for shareholders, stakeholders, and the general public to provide transparency and accountability about a company’s performance. They are typically required by law for publicly traded companies and may include information about the company’s governance structure, executive compensation, and risk management strategies.

Here are some questions that can help you to clear the TOEIC exam:

Q1 Our annual report was _____________ to the shareholders on 31 March.

(a) submerged
(b) submitted
(c) subordinated
(d) subtracted

Answer: (b) submitted

Q2 Turnover remained constant through the _____________ year.

(a) annual
(b) fiscal
(c) physical
(d) revenue

Answer: (b) fiscal

Q3 Profits declined sharply with the devaluation of the _____________.

(a) banknotes
(b) change
(c) currency
(d) money

Answer: (c) currency

Q4 Sales fell gradually in the first two quarters, but _____________ in the second half of the year.

(a) realigned
(b) recalled
(c) recovered
(d) resisted

Answer: (c) recovered

Q5 Costs reached _____________ in April.

(a) an acme
(b) an apex
(c) a climax
(d) a peak

Answer: (d) a peak

Q6 Demand rose sharply after our major competitor went into _____________.

(a) bankruptcy
(b) export
(c) receiver
(d) difficulty

Answer: (a) bankruptcy

Q7 Overhead levelled off when utility charges were _____________ by the government.

(a) cancelled
(b) frozen
(c) given
(d) tapped

Answer: (b) frozen

Q8 Prices were raised with the introduction of our new _____________ of widgets.

(a) batch
(b) line
(c) manager
(d) team

Answer: (b) line

Q9 Output _____________ up with demand.

(a) followed
(b) kept
(c) made
(d) put

Answer: (b) kept

Q10 Although the company’s overall _____________ was weak, its bottom line was still in the black.

(a) action
(b) activity
(c) performance
(d) progress

Answer: (c) performance

You may also read:

Leave a Reply