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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 first time a company offers its shares to the public.






2. The examination and evaluation of something.






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






4. The idea that anything you tell your doctor will remain confidential.






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






6. The ability to develop new ideas.






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






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






9. A measure of the average time between failures in a system - the higher the amount - the more reliable the thing is.






10. Steps taken in advance to avoid an accident happening.






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






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






13. When a person or group infringes on your rights such as freedom of movement or freedom of speech.






14. Forty-Foot Equivalent Units - a standard size for shipping containers.






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






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






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






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






19. General term for ships designed to carry cargo rather than passengers.






20. Business wholly owned by its employees with the emphasis on group decision making.






21. Surveillance tools installed on a computer without the users' consent.






22. 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.






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






24. The crime of deceiving someone to get money or good illegally.






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






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






27. The expected behaviour or standard for something.






28. To make valid by approval - to establish the certainty of something.






29. Expenses arising during normal business operations.






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






31. Activities involved in protecting a country - building or person against danger or attack.






32. Information officially declared secret - such as classified documents or material that are available only to particular people.






33. Initial medical attention given to someone in the event of an accident or sudden illness.






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






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






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






37. Protective helmet worn on building sites etc. to prevent injuries to the head.






38. Cargo ships not specialised in one type of cargo unlike a full containership.






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






40. The planning - implementation and control of flow and storage of goods.






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






42. Compensation paid to a person on the basis of products sold.






43. The organization that surveys and classifies ships for insurance companies.

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






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






46. A demanding or stimulating situation.






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






48. Debts; money that must be paid.






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






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