The growth of business in Asia Vocabulary English

1. The rapid growth in manufacturing and trade in Asia has lead to the rise of domestic companies
with _______________ Asia Pacific operations in addition to sales in Europe and the US.

(a) downsized
(b) L-size
(c) outsize
(d) sizeable

2. Many larger Asian companies, namely Chinese, Indian, Japanese, Korean and Taiwanese
conglomerates, have become global _______________ names.

(a) common
(b) family
(c) household
(d) popular

3. On the other hand, there has also been a surge in foreign direct investment in Asia from
European and US multinational companies, as they _______________ in joint-venture
arrangements with Asian firms to access local markets.

(a) coincide
(b) disperse
(c) partner
(d) sign

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4. India's R&D industry continues to expand _______________, confirming India's dominance

in the software, technology and business process outsourcing (BPO) arena and expects to
control 51% of the global outsourcing market for software and back-office services by 2008.

(a) expeditiously
(b) experimentally
(c) exponentially
(d) extravagantly

5. Meanwhile, China _______________ in comparison with only 4.9% of the outsourcing

market.

(a) fades
(b) fails
(c) pales
(d) shades

English materials by Veronica Gilhooly © Learnwell Oy 2008 The growth of business in Asia
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The growth of business in Asia Vocabulary English

6. The _______________ of China's regulations drive many foreign businesses to base their
regional treasuries in Singapore or Hong Kong, while Malaysia and China are looking to attract
companies to set up onshore SSCs.

(a) intimacies
(b) intricacies
(c) vagaries
(d) varieties

7. Interaction with local banks in Asia is unavoidable, but some local banks are not able to send
Swift messages such as the MT940 or the MT942 and this can make it difficult to obtain good
_______________ of cash flows and account balances.

(a) velocity
(b) versatility
(c) viability
(d) visibility

8. However, this is becoming increasingly rare as local Asian banks are rapidly adopting foreign
bank standards; especially, with foreign banks buying into local banks, the transfer of
technology is _______________ standards, albeit within each country.

(a) eulogizing
(b) homogenizing
(c) institutionalizing
(d) rationalizing

9. Meanwhile, global banks are aggressively _______________ their claim in the Asian financial
markets; they are lobbying for central banks to introduce standardised regulations.

(a) making
(b) marking
(c) staking
(d) stating

10. According to Clinton Lee, regional advisor and director at ABN AMRO's Transaction Banking,
a common _______________ among most Asian countries is their absorption rate of newer
technologies to accelerate the pace of organisational change.

(a) denominator
(b) detonator
(c) enumerator
(d) numerator
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English materials by Veronica Gilhooly © Learnwell Oy 2008 The growth of business in Asia
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