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Business English Test

Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






2. The right to have your political view kept secret.






3. In a business plan this is the change in the cash balance.






4. When someone breaks your right to privacy.






5. Costs that fluctuate in direct relation to the volume of units produced.






6. Information officially declared secret - such as classified documents or material that are available only to particular people.






7. The organization that surveys and classifies ships for insurance companies.

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8. A company that moves goods or passengers from one place to another.






9. A piece of information - for example how a certain product is made - which is only known to the company that makes it.






10. System where goods are produced as and when they are needed rather than producing items in advance and storing them in a warehouse.






11. Abbreviation for a standardized container - Twenty-foot equivalent unit.






12. A portion - piece or segment of something that is representative of the whole.






13. A delivery which is currently between its source and destination.






14. A demanding or stimulating situation.






15. Setting a high initial price for a product to create a price-quality idea which early adopters will happily accept.






16. A non-profit making organization which exists to support and help a particular group.






17. A planned - temporary break in a journey - for instance to change planes.






18. The amount of money of a company's profits that is distributed to its shareholders.






19. A defined segment of the market that a product is aimed at.






20. A business classed as a separate legal entity so if there is a financial problem the owners would not lose all their money - only the money they had invested in the company.






21. The right to say what you want without anyone stopping you.






22. Steps taken in advance to avoid an accident happening.






23. Series of questions designed to gather information on a certain topic.






24. Positions customer's relative perceptions of one brand in comparison to other competitive alternatives.






25. The times of highest demand for a product or service.






26. Duties or taxes imposed by the government on imported and exported goods.






27. A new scientific or technical idea.






28. Events which are beyond the control of a carrier like war - earthquakes or floods.






29. Port where cargo enters a country and is unloaded.






30. Monitoring of public places using video cameras.






31. A notice to a buyer that shipment has gone forward which contains details of packing - routing etc.






32. Bills to be paid as part of the normal course of business.






33. Forty-Foot Equivalent Units - a standard size for shipping containers.






34. The idea that anything you tell your doctor will remain confidential.






35. The truck unit onto which freight in a container is loaded.






36. To unload and distribute some or all the contents of a rail car - container or trailer.






37. Net profits divided by net worth or total equity.






38. A response or reaction to a piece of information.






39. Shaping a companies' offering and image to occupy a unique and valued place in the customer's mind.






40. Debts owed to a company usually from sales on credit.






41. An organization able to respond to and address changes in a market - their environment or industry.






42. Setting a relatively low intitial price for a new product in order to win market share.






43. When a company buys another one for more than the asset value the difference is called goodwill.






44. Written description of how something should be done.






45. A model depicting the sales curve of a product split into four stages - introduction - growth - maturity and decline.






46. A machine used to pick up and transport goods loaded on pallets.






47. A measure of the average time between failures in a system - the higher the amount - the more reliable the thing is.






48. A method recognised throughout a business sector as the best way to do something.






49. A technique used to assess expected profitability of a company or single product.






50. Earnings Before Interest - Taxes - Depreciation and Amortization.