Course : Business English/Bahasa Inggris II/ RM01

Lecturer : Dra. M.A. Inez Saptenno, M.Li

Date : Thursday, 11:40 am – 13:20 pm
Meeting : Assignment
Submit : June 1, 2023

Name: Haifah Fuad Shihab

Npm: 223402516411
I.LISTENING
Instruction
* Open Youtube for WHAT IS FINANCIAL LITERACY?
https://www.youtube.com/watch?v=swXHv0khiWY
* Choose the correct answer a/b/c
*Create YOUR OWN QUESTIONS (MAXIMUM 5)

1. What is financial literacy?

a. personal financial management
b. budgeting, savings, and investing
c. a & b
2. Examples of financial habits
a. carelessness that leads to personal debts and no saving
b. misunderstanding of financial consequences
c. fall into debts
3. What is disposable income in relation to financial literacy?
a. Related to net income before tax
b. Related to how consumers save, spend, and borrow money
c. Similar to discretionary income
4. What do the federal and state observe every April?
a. b & c
b. Consequences of lack of understanding in personal finance
c. Raise awareness of financial literacy education
5. What is the purpose of financially literate?
a. To be able to go shopping
b. To reduce negative long term impact in the future
c. To achieve one’s ambitions

1. What is the definition of financial literacy?

2. Why is financial literacy important?
3. What are some key components of financial literacy?
4. How can financial literacy benefit individuals?
 5. How can someone improve their financial literacy?
II. VOCABULARY
Instruction
* Choose the correct answer

1. The partners of the accounting firm gathered in Tampa for their _________________
meeting.
   annual
   annul
   annually

2. His last company owes millions in _________________ taxes.

   unpaid
   paid
   not paid

3. Tax _________________ help wealthy investors hide millions of dollars in taxable

income.
   hideouts
   sheds
   shelters

4. Lawyers or accountants who work in the same firm are often referred to as
_________________, not "employees".
   buddies
   partners
   workers

5. My accountant advised me that this approach would be much more

_________________. ( = profitable)
   rich
   lucid
   lucrative

6. I would welcome an opportunity to analyze your company's __________________ ( =

financial records) in detail.
   books
   bookkeeping
   booked
7. He's one of our __________________ clients. = He hired us to do audits for his
company.
   audit
   audible
   odd

8. CFO stands for "chief __________________ officer".

   financially
   financed
   financial

9. I'm not questioning your tax __________________. I just think that this approach would
not work for our company.
   strategic
   strategy
   layout

10. Microsoft __________________ nearly 60% of its total United States revenues from
software sales.
   drives
   derives
   derides

11. A statement of _________________ helps you keep track of your business's finances.
   cash flow
   cash flowing
   money flow

12. Customers usually come here looking for _________________ advice.

   financial
   finances
   finance

13. This plan is not really _____________________ ( = executable).

   fast
   worthy
   fisibel
14. "Liquid" assets often refer to _____________________.
   credit
   cash
   checks

15. A flat-rate plan ______________________ marginal costs.

   elaborates
   takes
   eliminates

16. In accounting, a cost that does not _____________________ ( = change) with the level
of production or sales is referred to as "overhead".
   vary
   variable
   variety

17. There are two types of profit: gross profit and _____________________.
   net profit
   non-gross profit
   netto profit

18. "Net profit after taxes" is what's called "the bottom line". It's the
_____________________ after everything has been subtracted.
   netto income
   gross income
   net income

19. An element of _____________________ is always present in all business activities.

   risky
   risk
   risque

20. A _____________________ of an item in account books (because it no longer has any

value) is what's known as a "write-off".
   cancel
   cancellation
   constellation

III. GRAMMAR
 Instruction
*Create LOGICAL sentences, not just affirmative/negative/interrogative from the
TRANSCRIPT OF FINANCIAL LITERACY
* Create YOUR OWN AFFIRMATIVE (2), NEGATIVE (3), INTERROGATIVE (5)

0:05 What is Financial Literacy? Financial Literacy, or Financial Education is the ability to
understand
0:13 and effectively apply various financial skills, including but not limited to personal
financial
0:19 management, budgeting, savings and investing.
0:24 Financial literacy is essential to understanding and developing good short term and
long term
0:30 financial habits that lead to a greater financial well-being. As an example, sometimes
as consumers,
0:37 we are unaware of the financial consequences of taking on too much personal debt
and having
0:43 little to no savings. In addition, the lack of disposable income also creates the
inability
0:49 to deal with unexpected emergencies that may arise or receive proper financial
counseling.
0:54 So in response to this serious problem, in 2004 the United States Congress
designated April
1:00 as National Financial Literacy Month by passing Resolution 316. Each April, Federal
and state
1:08 agencies, credit unions, schools, nonprofit organizations, businesses, and other
entities
1:15 observe National Financial Literacy Month to raise awareness about the importance
of
1:21 financial literacy education in the United States and the consequences that may be
associated
1:27 with a lack of understanding about your personal finances.
1:33 So how can Financial Literacy help students? Financial literacy helps individuals
become
1:38 self-sufficient so that they can achieve financial stability. By being financially literate,
1:45 one can be efficient with their finances and hence achieve more goals and maximize
the
1:51 value of their income effectively. This allows individuals to make less financial
mistakes
1:58 that could have a negative long term impacts in the future.
2:04 Throughout the month of April, NYU’s Financial Education department along with
the StudentLink
2:09 Center will be providing videos to help you gain insights on several essential current
2:16 financial topics. Makes sure you check out our Financial Literacy Month Series to
learn
2:20 more about how financial literacy education affects you.

Affirmative Sentences:
1.Financial literacy is the ability to understand and effectively apply various financial skills.
2.Being financially literate allows individuals to make fewer financial mistakes in the long
term.

Negative Sentences:
1. Lack of financial literacy can lead to a greater risk of poor financial habits.
2. Without financial literacy, individuals may struggle to deal with unexpected emergencies
or receive proper financial counseling.
3. Taking on too much personal debt and having little to no savings are financial
consequences that can arise due to a lack of awareness.

Interrogative Sentences:
1. What is financial literacy?
2. How does financial literacy help students become self-sufficient?
3. Why did the United States Congress designate April as National Financial Literacy
Month?
4.Who participates in observing National Financial Literacy Month?
5. How can financial literacy education affect individuals’ understanding of personal
finances?

III.READING (30%)
Instruction
* Read the text and answer the questions
* Create YOUR OWN QUESTIONS (MAXIMUM 2)
Automakers will race to appeal to budget-conscious Chinese car buyers as the industry
expands beyond the wealthy coastal cities in the east, Ford Motor Co's (F.N) Asia chief
said on Tuesday.

As they expand more heavily into central and western China, automakers can appeal to
price-sensitive consumers by offering multiple vehicles within the same size segment at
varying prices, Joe Hinrichs said.

"The growth expected the rest of this decade in China is largely to come from the central
and western parts of the country which is more value-oriented," he told reporters at
Ford's headquarters in Dearborn, Michigan.

"You'll need to serve those customers differently," he added.

Ford's plan to introduce 15 new vehicles in China by 2015 began with last month's launch
of the new Focus. Hinrichs said last month in Beijing that Ford plans to sell cars priced
below the Fiesta, currently their cheapest model in Asia with a price ranging from $12,300
to $17,500.

Ford sales in China rose 24 percent in April to 54,881 vehicles, spurred by strong demand
for the Focus.

Ford makes the Fiesta, Focus, Mondeo and other vehicles in China in a three-way tie-up
with Chongqing Automobile Co Ltd 000625.SZ and Japan's Mazda Motor Corp (7261.T).

(c) AFP 04/25/2012

1. According to the article, where in China are people more budget-minded?

   In the central and western part of the country
   In Shanghai
   In the coastal cities

2. Which Ford car is not mentioned in the article?

   Mustang
   Fiesta
   Focus

3. How many other companies does Ford partner with to make cars in China?
   Three
   One
   Two

4. According to the article, China's wealthiest cities are _______________.

   in the central part of the country
   in the eastern part of the country
   in the western part of the country

5. How many new cars does Ford plan to introduce in China over the next 3
years?
   10
   15
   Focus, Fiesta, and Mondeo
2.
CREATE YOUR OWN QUESTIONS
1. What strategies can automakers employ to appeal to budget-conscious Chinese car
buyers in the central and western parts of the country?
2. How does Ford plan to serve price-sensitive consumers in China, and what are their
expansion plans in terms of introducing new vehicles in the market?

GOOD LUCK