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Test your basic knowledge |
Business English Test
Start Test
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. 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.
fixed cost
wake-up call
challenge
limited liability
2. The relationship between technology and the legal right to privacy in the collection and sharing of data about oneself.
spyware
information privacy
officers of a company
suitcase
3. A receipt for goods issued by a carrier indicated that goods were received without damage or irregularities.
income statement
feeder service
Clean Bill of Lading
key performance indicator
4. Earnings Before Interest - Taxes - Depreciation and Amortization.
cancel
tankers
EBITDA
breach of privacy
5. Documents used to procure freight and express transportation and services from commercial carriers.
discovery
inventory
Bill of Lading
third party
6. Raised flat area beside a train track for entering or exiting a train.
retained earnings
break-even point
precaution
platform
7. Expenses for a company which do not change based on production or sales levels.
unlimited liability
property rights
fixed cost
logistics
8. A statisitical measure of how well a company is doing in a certain area.
key performance indicator
procedure
hose
FEU
9. Setting a relatively low intitial price for a new product in order to win market share.
penetration pricing strategy
consignment
TEU
surveillance
10. The times of highest demand for a product or service.
liabilities
break-even point
sexual privacy
peak times
11. Bills to be paid as part of the normal course of business.
accounts payable
brand equity
break-even point
best practice
12. Series of questions designed to gather information on a certain topic.
survey
Ro/Ro
due diligence
lead-time
13. A measure of the average time between failures in a system - the higher the amount - the more reliable the thing is.
MTBF (Mean Time Between Failures)
fiscal year
venture capitalist
peak times
14. Activities including product - method of distribution - method of advertising which all affect how a product is marketing.
stock exchange
invention
portfolio
marketing mix
15. The estimated loss of value of assets over a period of time.
EBIT
depreciation
identity theft
wake-up call
16. Activities involved in protecting a country - building or person against danger or attack.
security
freight forwarder
Leveraged Buy-Out
MTBF (Mean Time Between Failures)
17. Wages - salaries and other forms of employee compensation.
Leveraged Buy-Out
marine insurance
payroll
hose
18. Written description of how something should be done.
adaptive firm
port of entry
business mission
procedure
19. A financial statement showing sales - cost of sales - gross margin - operating expenses etc.
income statement
marketing mix
business mission
valid
20. Cargo which is booked but does not arrive in time to be loaded onto a vessel.
customs
life cycle
fraud
no-show
21. A small hotel or private house that rents out rooms to sleep in - including breakfast - at reasonable prices.
ETA
survey
Clean Bill of Lading
bed & breakfast
22. A model depicting the sales curve of a product split into four stages - introduction - growth - maturity and decline.
break-even point
barrel (BBL)
life cycle
'eye in the sky' camera
23. The state of remaining unknown to most other people.
full containerships
anonymity
market segmentation
officers of a company
24. Surveillance tools installed on a computer without the users' consent.
first aid
spyware
benchmark
identity theft
25. A method recognised throughout a business sector as the best way to do something.
freighters
confirm
best practice
sample
26. One of the documents required by a firm to become a limited company.
survey
break-even point
memorandum of association
market segmentation
27. A vessel sailing between specific ports on a regular basis.
surveillance
liner
portfolio
asset turnover
28. A short statement describing the main objectives and aims of a business.
survey
market capitalization
mission statement
depreciation
29. A form of company which has a separate legal identity and limited liabilities.
wake-up call
hose
feedback
corporation
30. Protective eyewear worn when working with chemicals or dangerous machines.
life cycle
goggles
hard hat
creativity
31. The amount of money of a company's profits that is distributed to its shareholders.
Ro/Ro
track
dividend
trade secret
32. A defined segment of the market that a product is aimed at.
valve
break-even analysis
invention
target market
33. Unfair treatment of a person or group based on prejudice.
discrimination
surveillance
Roll-on/Roll-off vessels
track
34. An investment contributed at the early stages of a new venture.
general cargo freighters
positioning
acid test
seed capital
35. Insurance covering loss or damage of goods at sea.
depreciation
bed & breakfast
marine insurance
discrimination
36. The right of owners of physical or intellectual property to consume - rent or sell their property.
property rights
accreditation
brand equity
surveillance
37. A process of verifying all information about a company including but not limited to financials - management - market share and risks.
due diligence
accounts receivable
carrier
discrimination
38. Steps taken in advance to avoid an accident happening.
precaution
rights violation
unlimited liability
just-in-time manufacturing
39. Forty-Foot Equivalent Units - a standard size for shipping containers.
goodwill
US Fourth Amendment
bulk carriers
FEU
40. Part of the Bill of Rights which provides people with the right to be secure in their persons - houses - papers etc.
US Fourth Amendment
brand recognition
in transit
market segmentation
41. The ability to develop new ideas.
liner
creativity
penetration pricing strategy
air cargo
42. The expected behaviour or standard for something.
MTBF (Mean Time Between Failures)
valve
norm
IPO - Initial Public Offering
43. An organization able to respond to and address changes in a market - their environment or industry.
ergonomics
freedom of speech
adaptive firm
equity financing
44. Shortened form of Roll on/Roll off meaning a ship which trucks can drive straight onto without the need for cranes.
Ro/Ro
internet privacy
life cycle
EBITDA
45. Ceiling-mounted camera used in stores and casinos etc to monitor customers.
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46. Events which are beyond the control of a carrier like war - earthquakes or floods.
sleeping partner
share capital
force majeure
liabilities
47. Earnings Before Interest and Taxes.
break bulk
ETA
EBIT
business mission
48. A demanding or stimulating situation.
Lloyds' Registry
challenge
assets
quality audit
49. General term for ships designed to carry cargo rather than passengers.
freighters
freedom of speech
pallet
turnaround
50. The truck unit onto which freight in a container is loaded.
internet privacy
break-even point
best practice
trailer