The ability to review and analyze quarterly business reports is a crucial skill in many professional settings. This TOEIC Reading practice focuses on vocabulary and concepts related to business reports, helping you prepare for the exam while enhancing your business English skills.
How to interpret sales performance reports is an essential skill for anyone working in business. Let’s dive into some practice questions to sharpen your abilities in this area.
Part 1: Incomplete Sentences
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The quarterly report shows a significant _____ in revenue compared to the previous quarter.
A) increase
B) increaser
C) increasing
D) increased -
The company’s profit margin _____ by 5% due to cost-cutting measures.
A) improved
B) improving
C) improve
D) improvement -
The CFO will _____ the financial results during tomorrow’s board meeting.
A) present
B) presently
C) presentation
D) presented -
The report highlights the need for _____ investment in research and development.
A) increase
B) increased
C) increasing
D) increases -
_____ to the report, customer satisfaction ratings have improved by 10%.
A) According
B) Accordingly
C) Accord
D) Accordance -
The company’s market share has _____ steady despite increased competition.
A) remained
B) remain
C) remaining
D) remains -
The report _____ several areas where efficiency can be improved.
A) identify
B) identifies
C) identified
D) identifying -
Shareholders expressed concern over the _____ decrease in dividend payments.
A) recently
B) recent
C) recentness
D) recents -
The CEO emphasized the importance of _____ new markets to drive future growth.
A) expanding
B) expansion
C) expand
D) expands -
The company’s debt-to-equity ratio has _____ to a more favorable level.
A) improve
B) improved
C) improving
D) improvement -
The report indicates a need for better _____ of resources across departments.
A) allocate
B) allocated
C) allocation
D) allocating -
_____ expenses have increased due to the implementation of new technology systems.
A) Operation
B) Operational
C) Operate
D) Operating -
The quarterly report _____ a detailed breakdown of sales by product category.
A) includes
B) including
C) include
D) included -
The company’s cash flow statement shows a _____ improvement in liquidity.
A) notice
B) noticeable
C) noticeably
D) noticed -
The report recommends _____ the marketing budget to support new product launches.
A) increase
B) increased
C) increasing
D) increases -
Employee productivity has _____ by 15% since the introduction of flexible working hours.
A) rise
B) risen
C) rose
D) rising -
The quarterly results _____ the company’s strong position in the market.
A) reflect
B) reflects
C) reflected
D) reflecting -
The board of directors will _____ the proposed expansion plan outlined in the report.
A) review
B) reviews
C) reviewing
D) reviewed -
The report highlights the need for _____ cost management in the coming quarter.
A) strict
B) strictly
C) stricter
D) strictest -
The company’s inventory turnover rate has _____ significantly, indicating improved efficiency.
A) improve
B) improved
C) improving
D) improvement
Understanding key performance indicators in reports is crucial for effective business analysis. Let’s continue with more practice questions to reinforce this skill.
-
The quarterly report _____ several key performance indicators that exceeded expectations.
A) highlight
B) highlights
C) highlighted
D) highlighting -
The company’s return on investment (ROI) has _____ compared to the previous year.
A) increase
B) increased
C) increasing
D) increases -
The report suggests implementing a new _____ system to better track customer feedback.
A) monitor
B) monitored
C) monitoring
D) monitors -
_____ to the financial statements, the company’s assets have grown by 20%.
A) According
B) Accordingly
C) Accord
D) Accordance -
The quarterly results show a _____ trend in online sales growth.
A) positive
B) positively
C) positivism
D) positivist -
The company’s market capitalization has _____ due to strong investor confidence.
A) rise
B) risen
C) rose
D) rising -
The report _____ the importance of diversifying the product portfolio.
A) emphasize
B) emphasizes
C) emphasized
D) emphasizing -
The CEO’s performance bonus is _____ to the achievement of specific financial targets.
A) tie
B) ties
C) tying
D) tied -
The quarterly report includes a _____ analysis of the company’s competitive landscape.
A) comprehend
B) comprehension
C) comprehensive
D) comprehensively -
The company’s earnings per share (EPS) have _____ expectations for the third consecutive quarter.
A) exceed
B) exceeds
C) exceeded
D) exceeding
Quarterly business report analysis meeting
Part 2: Text Completion
Text 1:
The quarterly business report is a crucial tool for (31) a company’s financial health and performance. It provides stakeholders with valuable insights into the organization’s (32) and helps identify areas for improvement. When reviewing a quarterly report, it’s essential to focus on key financial metrics such as revenue, profit margins, and cash flow. These indicators offer a (33) picture of the company’s current standing and can help predict future trends. Additionally, comparing the current quarter’s results with those of previous periods can reveal important (34) in the company’s performance over time.
-
A) assessing
B) accessing
C) asserting
D) assisting -
A) operations
B) operates
C) operational
D) operate -
A) comprehend
B) comprehensive
C) comprehension
D) comprehensively -
A) patterns
B) patters
C) patterned
D) patterning
Text 2:
Effective analysis of a quarterly report requires a (35) understanding of various financial concepts. One important aspect to consider is the company’s (36), which indicates its ability to meet short-term obligations. Another crucial factor is the (37) ratio, which measures the company’s efficiency in using its assets to generate sales. By examining these and other key performance indicators, analysts can gain valuable (38) into the company’s overall financial health and make informed recommendations for future strategies.
-
A) thorough
B) thoroughly
C) thoroughness
D) thorough’s -
A) liquidity
B) liquidate
C) liquidation
D) liquidating -
A) asset turnover
B) assets turnover
C) asset turn over
D) assets turn over -
A) insight
B) insightful
C) insights
D) insighting
Text 3:
When reviewing a quarterly business report, it’s important to consider both quantitative and qualitative factors. While financial metrics provide concrete data, qualitative information such as market trends, competitive landscape, and industry (39) can offer valuable context for interpreting the numbers. Analysts should also pay attention to any (40) events or changes in company strategy that may have impacted the quarter’s results. Additionally, examining the company’s (41) and future projections can help stakeholders understand management’s perspective on the business’s direction and potential (42).
-
A) dynamics
B) dynamic
C) dynamical
D) dynamically -
A) significant
B) significance
C) significantly
D) signify -
A) guidance
B) guide
C) guiding
D) guided -
A) challenge
B) challenges
C) challenged
D) challenging
Text 4:
The process of reviewing a quarterly business report often involves collaboration among various departments within an organization. Financial analysts work closely with (43) from sales, marketing, and operations to gather comprehensive data and insights. This cross-functional approach ensures that the report (44) a holistic view of the company’s performance. Once the analysis is complete, it’s crucial to effectively (45) the findings to stakeholders, including executives, board members, and investors. Clear and concise presentation of the data, along with actionable recommendations, can help drive informed decision-making and (46) the company’s strategic goals.
-
A) colleagues
B) colleague
C) collegial
D) collegiality -
A) provide
B) provides
C) providing
D) provided -
A) communicate
B) communicates
C) communication
D) communicating -
A) advance
B) advances
C) advancing
D) advanced
How to analyze sales trends from quarterly reports is an essential skill for business professionals. The practice questions above will help you improve your ability to understand and interpret financial data effectively.
Business professionals analyzing quarterly report
Answer Key
Part 1: Incomplete Sentences
- A
- A
- A
- B
- A
- A
- B
- B
- A
- B
- C
- D
- A
- B
- C
- B
- A
- A
- C
- B
- B
- B
- C
- A
- A
- B
- B
- D
- C
- C
Part 2: Text Completion
31. A
32. A
33. B
34. A
35. A
36. A
37. A
38. C
39. A
40. A
41. A
42. B
43. A
44. B
45. A
46. A
By practicing with these TOEIC Reading questions, you’ll improve your ability to analyze quarterly business reports and enhance your overall business English skills. Remember, how to prepare for a company meeting often involves reviewing and understanding these types of financial reports, so mastering these skills will benefit you in various professional scenarios.
