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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. Debts; money that must be paid.






2. Ships fitted with tanks to carry liquid or gas cargoes.






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






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






5. A standard used to compare some aspect of a business to an external measure.






6. The time which a seller needs to produce and deliver goods.






7. Officials formally appointed to run and represent a company.






8. Earnings Before Interest and Taxes.






9. The year as used in accounting which can begin and end in any month as the company sees fit.






10. Someone who acts as an agent on behalf of a shipper.






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






12. Wages - salaries and other forms of employee compensation.






13. The point in units sold or sales amount when the expenses will be matched.






14. A shipment of goods to a consignee.






15. Insurance covering loss or damage of goods at sea.






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






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






18. The right to have details of your financial transactions kept secret.






19. Metal rails along which a train travels.






20. When all members of a group agree to support a decision even if they don't agree with it.






21. Damage or hurt experienced by a person or animal.






22. A person who is on the managing board of a business.






23. Unfair treatment of a person or group based on prejudice.






24. A test of a company's ability to meet its immediate cash requirements: short-term assets minus accounts receivable and inventory - divided by short-term liabilities.






25. A place for the reception - delivery - consolidation - distribution and storage of goods and cargo.






26. Earnings which are reinvested in the company rather than paid out as dividends.






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






28. An investment contributed at the early stages of a new venture.






29. The possibility of suffering harm or loss; a danger.






30. List of goods in a store or warehouse.






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






32. The expected behaviour or standard for something.






33. A flexible tube used to transport liquids or gas.






34. Cargo which is transported by plane.






35. A document representing one unit of ownership in a corporation - mutual fund or limited partnership.






36. A form of company which has a separate legal identity and limited liabilities.






37. Electronic records of phone calls - bank transactions etc which paint a picture of what a person did - where and when.






38. Hospital department for people who suddenly become ill or are hurt in an accident.






39. The sale of part-ownership in a venture to gain additional capital for a start-up.






40. To decide that an agreed appointment or booking will not take place.






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






42. An agreement that regulates the rights and obligations of shareholders.






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






44. Property that a business owns - including cash and receivables - inventory etc.






45. Transportation method where truck trailers with their loads are moved by train to their destination.






46. A receipt for goods issued by a carrier indicated that goods were received without damage or irregularities.






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






48. Vessel designed to carry bulk cargo such as grain or ore.






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






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