Money/ business and consumerism (Medium) Quiz

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📝 IELTS – English Vocabulary – Money/ business and consumerism – Medium

20 questions · 15 min timer · Explanations included · Free

What is 'outsourcing'?

Investing in new technology.

Contracting work out to external organizations.

Reducing the workforce to save costs.

Hiring more employees within the company.

None

Outsourcing involves contracting out business processes to external parties. Option A is the opposite of outsourcing.

What does 'liquidity' mean in financial terms?

The amount of debt a company has.

The ability to convert assets into cash quickly.

The profitability of a company.

The total assets a company owns.

None

Liquidity refers to how easily an asset can be converted into cash without affecting its market price. Option B refers to leverage.

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