Test your basic knowledge |

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






2. A financial statement showing sales - cost of sales - gross margin - operating expenses etc.






3. The estimated loss of value of assets over a period of time.






4. The science of making sure people and machines work together as well as possible.






5. Mechanical device controlling the flow of a gas or liquid in a system.






6. A person who is involved in a situation in addition to the two main participants.






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






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






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






10. The right to have your sexual orientation and practices remain secret.






11. List of goods in a store or warehouse.






12. The fraudulent use of someone's identity in order to steal money or get other benefits.






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






14. A short description of a company's purpose in relation to customers - products - markets etc.






15. A rectangluar piece of luggage for carrying clothes.






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






17. A moving belt you collect baggage from at the airport.






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






19. Transporting something using different means of transport - e.g. first on a truck and then on a ship.






20. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






21. A shipment of goods to a consignee.






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






23. Device containing water - foam or powder used to put out a fire.






24. The categorization of potential customers into groups based on common characteristics.






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






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






27. Someone who invests in a business partnership without taking part in business affairs. Usually sleeping partners have limited liability.






28. A formal framework for identifying an organization's growth opportunities - strengths - weaknesses - opportunities and threats.






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






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






31. A marketing strategy where a company tries to gain greater dominance in a market - for example - by offering special prices.






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






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






34. Written description of how something should be done.






35. A form of corporate equity ownership giving voting rights.






36. A process of verifying all information about a company including but not limited to financials - management - market share and risks.






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






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






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






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






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






42. The relationship between technology and the legal right to privacy in the collection and sharing of data about oneself.






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






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






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






46. An invasion of someone's private life without due cause.






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






48. A warehouse authorized by customs where goods are stored and no payment is required until the goods are removed.






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






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