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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. The right of owners of physical or intellectual property to consume - rent or sell their property.






2. A new scientific or technical idea.






3. A company where the owners are personally liable for the debts of the company.






4. Device which breaks to stop the flow of current in the event of an overload.






5. 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.






6. The right to privacy and control of your information on the internet.






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






8. Earnings Before Interest and Taxes.






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






10. Useable or acceptable.






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






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






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






14. The purchase of a business based on the company's cash recipts and the belief positive cash flow will continue.






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






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






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






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






19. Cargo which is transported by plane.






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






21. Part of the Bill of Rights which provides people with the right to be secure in their persons - houses - papers etc.






22. The first time a company offers its shares to the public.






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






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






25. Finding out or ascertaining something previously unknown.






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






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






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






29. The efforts to make a product seem different from rival products or even unique.






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






31. A demanding or stimulating situation.






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






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






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






35. The granting of power to perform various acts or duties.






36. Ships with permanent container cells with little or no space for other cargo types.






37. A place where parts of the ownership of companies are bought and sold - or the organization of people whose job is to do the buying and selling.






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






39. Estimated Time of Arrival.






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






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






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






43. Entering land or property without permission from the owner or the right to enter.






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






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






46. The benefit of larger scale production where costs are spread over more units which lowers the average unit cost.






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






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






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






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