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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. Setting a high initial price for a product to create a price-quality idea which early adopters will happily accept.
skimming pricing strategy
benchmark
analysis
Lloyds' Registry
2. The complete range of a company's offerings including products and services.
portfolio
turnaround
hose
accommodation
3. The state of remaining unknown to most other people.
anonymity
challenge
dividend
norm
4. Sales divided by total assets.
asset turnover
ETA
civil liberties
injury
5. A method recognised throughout a business sector as the best way to do something.
political privacy
best practice
quality audit
consensus
6. A small hotel or private house that rents out rooms to sleep in - including breakfast - at reasonable prices.
entrepreneuer
bed & breakfast
breach of privacy
share capital
7. Activities involved in protecting a country - building or person against danger or attack.
property rights
Companies House
security
memorandum of association
8. The expected behaviour or standard for something.
director
norm
corporation
Clean Bill of Lading
9. A demanding or stimulating situation.
challenge
consignment
fraud
customs
10. A company that moves goods or passengers from one place to another.
tankers
carrier
precaution
retained earnings
11. The right to say what you want without anyone stopping you.
charity
freedom of speech
goodwill
norm
12. The time it takes between the arrival of a vessel or aircraft and its departure.
in transit
fiscal year
trade secret
turnaround
13. Documents used to procure freight and express transportation and services from commercial carriers.
fuse
freight forwarder
Bill of Lading
possibilities
14. A response or reaction to a piece of information.
feedback
commission
third party
civil liberties
15. Debts owed to a company usually from sales on credit.
unlimited liability
general cargo freighters
accounts receivable
stalking
16. Steps taken in advance to avoid an accident happening.
fuse
breach of privacy
precaution
accreditation
17. To decide that an agreed appointment or booking will not take place.
valid
commission
accreditation
cancel
18. The right to have your sexual orientation and practices remain secret.
confirm
portfolio
A & E (Accident & Emergency)
sexual privacy
19. Usually wooden base used for moving or storing stacked goods.
stopover
EBIT
pallet
sleeping partner
20. Someone who acts as an agent on behalf of a shipper.
market segmentation
freight forwarder
payroll
customs
21. Device which breaks to stop the flow of current in the event of an overload.
inventory
skimming pricing strategy
fuse
Companies House
22. Device containing water - foam or powder used to put out a fire.
force majeure
consensus
fire extinguisher
survey
23. Setting a relatively low intitial price for a new product in order to win market share.
penetration pricing strategy
stakeholder
carrier
security
24. A short statement describing the main objectives and aims of a business.
turnaround
mission statement
bulk cargo
corporation
25. A government office which registers information on every company on the British market and circulates them to stakeholders.
Companies House
consensus
possibilities
civil liberties
26. The benefit of larger scale production where costs are spread over more units which lowers the average unit cost.
memorandum of association
accounts payable
accreditation
economies of scale
27. A measure of the average time between failures in a system - the higher the amount - the more reliable the thing is.
memorandum of association
fiscal year
peak times
MTBF (Mean Time Between Failures)
28. Compensation paid to a person on the basis of products sold.
commission
feeder service
fuse
SWOT analysis
29. Insurance covering loss or damage of goods at sea.
force majeure
norm
marine insurance
anonymity
30. Mechanical device controlling the flow of a gas or liquid in a system.
valve
bonded warehouse
Clean Bill of Lading
stock exchange
31. Events which are beyond the control of a carrier like war - earthquakes or floods.
in transit
force majeure
break-even analysis
ETA
32. The year as used in accounting which can begin and end in any month as the company sees fit.
Lloyds' Registry
Leveraged Buy-Out
fiscal year
analysis
33. Information officially declared secret - such as classified documents or material that are available only to particular people.
diversification
force majeure
classified information
US Fourth Amendment
34. Part of the Bill of Rights which provides people with the right to be secure in their persons - houses - papers etc.
benchmark
target market
sexual privacy
US Fourth Amendment
35. Ships with permanent container cells with little or no space for other cargo types.
charity
full containerships
break-even analysis
dividend
36. Positions customer's relative perceptions of one brand in comparison to other competitive alternatives.
classified information
Leveraged Buy-Out
brand recognition
force majeure
37. The crime of deceiving someone to get money or good illegally.
turnaround
discovery
port of entry
fraud
38. An investment contributed at the early stages of a new venture.
intermodal transport
seed capital
warehouse
general cargo freighters
39. The time which a seller needs to produce and deliver goods.
injury
sample
market segmentation
lead-time
40. A flexible tube used to transport liquids or gas.
TEU
hose
accounts payable
freighters
41. General term for ships designed to carry cargo rather than passengers.
common stock
force majeure
consensus
freighters
42. A planned - temporary break in a journey - for instance to change planes.
survey
ergonomics
surveillance
stopover
43. A financial statement showing sales - cost of sales - gross margin - operating expenses etc.
precaution
income statement
charity
benchmark
44. To make valid by approval - to establish the certainty of something.
confirm
fuse
just-in-time manufacturing
marine insurance
45. A wealthy person who invests in a start-up company.
hard hat
venture capitalist
variable cost
target market
46. Cargo ships not specialised in one type of cargo unlike a full containership.
fiscal year
general cargo freighters
cancel
stakeholder
47. A company where the owners are personally liable for the debts of the company.
unlimited liability
quality audit
market segmentation
logistics
48. A notice to a buyer that shipment has gone forward which contains details of packing - routing etc.
advice of shipment
franchise
differentiation
platform
49. Estimated Time of Arrival.
business mission
ETA
suitcase
charity
50. When a company buys another one for more than the asset value the difference is called goodwill.
logistics
market penetration strategy
goodwill
portfolio