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Difficulty: MediumWords Commonly Confused and Homonyms

Which words correctly complete the blanks in the sentence below?

Answer:Before submitting the final report to the executive board, the internal auditor must 【apprise】 the committee of any regulatory discrepancies and objectively 【appraise】 the firm's overall assets.

Answer

The first blank requires 'apprise' (meaning to inform or notify), and the second blank requires 'appraise' (meaning to assess or evaluate the worth of).
The word 'apprise' correctly completes the first blank because the sentence refers to informing the committee of discrepancies. The word 'appraise' correctly completes the second blank because it refers to evaluating or assessing the financial worth of the firm's assets.

Step-by-Step Solution

1
Examine the context for the first blank: 'must _____ the committee of any regulatory discrepancies'.
The target word must be a verb meaning 'to inform' or 'to notify', which takes the preposition 'of'.
The verb 'apprise' specifically means to inform or impart notice to someone regarding a matter.
2
Examine the context for the second blank: 'and objectively _____ the firm's overall assets'.
The target word must be a verb meaning 'to evaluate', 'value', or 'estimate the monetary worth of'.
The verb 'appraise' means to assess or set a value on property or assets.

Key Concept

Distinguishing between phonetically similar confusables: 'apprise' (to inform/notify) vs 'appraise' (to assess/evaluate).
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Topics

Words Commonly Confused and Homonyms

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