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1、An arrangement by which a monopoly producer or owner gives another permission for the exclusive right to manufacture or sell the products in a certain area. ( )

A、franchise
B、expertise
C、patent
D、budget

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2、Choose the term described by the sentence: Written contract or certificate of insurance. ( )

A、budget
B、franchise
C、referee
D、policy

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3、Choose the term described by the sentence: A special right to an inventor to be the only person to make and sell, or to authorize others to make and sell a newly-invented machine or process. ( )

A、return
B、patent
C、budget
D、portfolio

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4、Choose the term described by the sentence: All forms of man-made obstructions to international trade other than tariffs, including prohibitions and quotas, etc. ( )

A、franchise
B、non-tariff barrier
C、expertise
D、return

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5、Choose the term described by the sentence: The entire collection of investments in the form of stocks, bonds, or certificate of deposits for purposes other than controlling. ( )

A、budget
B、portfolio
C、patent
D、return

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6、Choose the term described by the sentence: One in which one of the parties agrees to supply, at the contract price, a complete product ready for use, such as a new home, factory, ship, etc.. ( )

A、return
B、turnkey contract
C、patent
D、royalty

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7、Choose the term described by the sentence:An account of probable future income and expenditure during a stated period, usu. a year used as a guide in making financial arrangements. ( )

A、return
B、portfolio
C、patent
D、budget

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8、Choose the term described by the sentence: The gain from an investment, either as income or yield or as profit on the sale of the investment. ( )

A、portfolio
B、budget
C、patent
D、return

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9、Choose the term described by the sentence: Expert knowledge or skill, esp. in a particular field; know-how. ( )

A、franchise
B、non-tariff barrier
C、expertise
D、return

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10、Choose the term described by the sentence: A person or company granting license. ( )

A、employee
B、authority
C、expertise
D、licensor

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11、Choose the term described by the sentence:The price at which one currency can be exchanged for another currency. ( )

A、loan
B、exchange rate
C、draft
D、debt

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12、Choose the term described by the sentence: Social or natural calamities that take place beyond the control of a contracting party.( )

A、hazard
B、force majeure
C、disaster
D、term

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13、Choose the term described by the sentence:The amount paid by an insured for coverage under the contract. ( )

A、expertise
B、insurer
C、premium
D、outstanding

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14、Choose the term described by the sentence: The act of paying a bill, debt, charge, etc.. ( )

A、recharge
B、premium
C、remittance
D、repayment

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15、Choose the term described by the sentence:Upward and down ward movements in the economic system. ( )

A、commission
B、recession
C、fluctuation
D、concession

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16、Choose the term described by the sentence:A person who carries on insurance as a business. ( )

A、licensor
B、underwriter
C、authority
D、employee

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17、Choose the term described by the sentence: Large-scale public services, such as water and power supplies, road, rail and radio communications, etc. needed to support economic activity, esp. industry, trade and commerce. ( )

A、infrastructures
B、expertise
C、investment
D、foundation

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18、Choose the term described by the sentence:A business where the provision of risk capital is shared between two or more firms. ( )

A、private enterprise
B、multinational enterprise
C、firm offer
D、joint venture

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19、Choose the term described by the sentence: To fail to carry out an obligation. ( )

A、advent
B、perform
C、default
D、ascend

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20、Choose the term described by the sentence: A binding agreement between two or more persons that is enforceable by law. ( )

A、term
B、know-how
C、license
D、contract

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