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Test your basic knowledge |
Business English Test
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Study First
Subjects
:
business-skills
,
english
,
vocabulary
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. Wages - salaries and other forms of employee compensation.
payroll
tankers
trade secret
classified information
2. Ceiling-mounted camera used in stores and casinos etc to monitor customers.
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3. Activities involved in protecting a country - building or person against danger or attack.
dividend
security
share
norm
4. The benefit of larger scale production where costs are spread over more units which lowers the average unit cost.
income statement
economies of scale
suitcase
carrier
5. Debts; money that must be paid.
liabilities
sexual privacy
accreditation
trespassing
6. To unload and distribute some or all the contents of a rail car - container or trailer.
force majeure
medical privacy
break bulk
brand recognition
7. When a company produces a product of a type they have not previously made.
fiscal year
suitcase
diversification
best practice
8. Shortened form of Roll on/Roll off meaning a ship which trucks can drive straight onto without the need for cranes.
Ro/Ro
general cargo freighters
surveillance
hose
9. The point in units sold or sales amount when the expenses will be matched.
supply chain
trade secret
electronic trail
break-even point
10. Electronic records of phone calls - bank transactions etc which paint a picture of what a person did - where and when.
analysis
electronic trail
feedback
bulk cargo
11. A document representing one unit of ownership in a corporation - mutual fund or limited partnership.
limited liability
civil liberties
share
financial privacy
12. Insurance covering loss or damage of goods at sea.
sample
dividend
marine insurance
procedure
13. The first time a company offers its shares to the public.
venture capitalist
medical privacy
memorandum of association
IPO - Initial Public Offering
14. A standard used to compare some aspect of a business to an external measure.
benchmark
market penetration strategy
fraud
goodwill
15. A vessel sailing between specific ports on a regular basis.
MTBF (Mean Time Between Failures)
sexual privacy
liner
air cargo
16. A new scientific or technical idea.
share capital
invention
Leveraged Buy-Out
analysis
17. Cargo which is booked but does not arrive in time to be loaded onto a vessel.
injury
first aid
no-show
lead-time
18. Events which are beyond the control of a carrier like war - earthquakes or floods.
force majeure
EBIT
just-in-time manufacturing
FEU
19. The planning - implementation and control of flow and storage of goods.
supply chain
logistics
creativity
deed of partnership
20. Ships fitted with tanks to carry liquid or gas cargoes.
warehouse
freighters
tankers
precaution
21. The right to say what you want without anyone stopping you.
valve
cancel
limited liability
freedom of speech
22. Estimated Time of Arrival.
limited liability
fiscal year
ETA
director
23. The added value a brand name identity brings to a product or service.
brand equity
platform
peak times
possibilities
24. Port where cargo enters a country and is unloaded.
port of entry
liabilities
common stock
retained earnings
25. The right to have your political view kept secret.
sexual privacy
political privacy
consignment
marine insurance
26. The examination and evaluation of something.
goggles
property rights
stalking
analysis
27. Setting a high initial price for a product to create a price-quality idea which early adopters will happily accept.
operating expenses
skimming pricing strategy
wake-up call
acid test
28. A company that moves goods or passengers from one place to another.
customs
carrier
seed capital
Leveraged Buy-Out
29. When a company buys another one for more than the asset value the difference is called goodwill.
A & E (Accident & Emergency)
entrepreneuer
norm
goodwill
30. A moving belt you collect baggage from at the airport.
carousel
secret ballot
accuracy
Bill of Lading
31. Usually wooden base used for moving or storing stacked goods.
charity
fire extinguisher
pallet
accommodation
32. In a business plan this is the change in the cash balance.
valve
benchmark
cash flow
bulk carriers
33. A telephone call requested at a certain time to wake someone up.
wake-up call
mission statement
return on investment
suitcase
34. A rectangluar piece of luggage for carrying clothes.
piggyback
pallet
suitcase
identity theft
35. The year as used in accounting which can begin and end in any month as the company sees fit.
goodwill
procedure
sleeping partner
fiscal year
36. Someone who invests in a business partnership without taking part in business affairs. Usually sleeping partners have limited liability.
spyware
memorandum of association
stakeholder
sleeping partner
37. An investment contributed at the early stages of a new venture.
sample
deed of partnership
seed capital
liabilities
38. The efforts to make a product seem different from rival products or even unique.
differentiation
political privacy
accuracy
goodwill
39. Sales divided by total assets.
barrel (BBL)
surveillance
piggyback
asset turnover
40. A shipment of goods to a consignee.
FEU
secret ballot
consignment
portfolio
41. A person who is involved in a situation in addition to the two main participants.
accuracy
consignment
survey
third party
42. A place to live - work - stay in : rented/temporary/furnished accommodation.
Ro/Ro
accommodation
air cargo
goodwill
43. A machine used to pick up and transport goods loaded on pallets.
cash flow
goggles
fork lift
key performance indicator
44. Someone who starts a new business venture often involving innovation and risk taking.
depreciation
best practice
entrepreneuer
bonded warehouse
45. Debts owed to a company usually from sales on credit.
third party
breach of privacy
no-show
accounts receivable
46. The total value of all the outstanding shares of a publicly-traded company.
penetration pricing strategy
ergonomics
skimming pricing strategy
market capitalization
47. A wealthy person who invests in a start-up company.
warehouse
accuracy
venture capitalist
precaution
48. Entering land or property without permission from the owner or the right to enter.
ETA
operating expenses
A & E (Accident & Emergency)
trespassing
49. A systematic - independent examination of whether a company's quality procedures are being followed and goals being achieved or not.
quality audit
discovery
income statement
fuse
50. The right of owners of physical or intellectual property to consume - rent or sell their property.
platform
property rights
operating expenses
bulk cargo
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