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Business English Test
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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 method recognised throughout a business sector as the best way to do something.
pallet
barrel (BBL)
accreditation
best practice
2. Events which are beyond the control of a carrier like war - earthquakes or floods.
target market
force majeure
injury
officers of a company
3. A vessel sailing between specific ports on a regular basis.
liner
share capital
bonded warehouse
port of entry
4. Ships fitted with tanks to carry liquid or gas cargoes.
secret ballot
tankers
force majeure
confirm
5. A marketing strategy where a company tries to gain greater dominance in a market - for example - by offering special prices.
sleeping partner
port of entry
tankers
market penetration strategy
6. The benefit of larger scale production where costs are spread over more units which lowers the average unit cost.
market capitalization
freight forwarder
Clean Bill of Lading
economies of scale
7. A formal framework for identifying an organization's growth opportunities - strengths - weaknesses - opportunities and threats.
pallet
Leveraged Buy-Out
SWOT analysis
carrier
8. An agreement that regulates the rights and obligations of shareholders.
liner
fork lift
deed of partnership
political privacy
9. Expenses for a company which do not change based on production or sales levels.
unlimited liability
fixed cost
stock exchange
commission
10. The complete range of a company's offerings including products and services.
portfolio
lead-time
FEU
invention
11. Protective helmet worn on building sites etc. to prevent injuries to the head.
life cycle
hard hat
classified information
accuracy
12. Someone who starts a new business venture often involving innovation and risk taking.
entrepreneuer
market segmentation
barrel (BBL)
political privacy
13. A systematic - independent examination of whether a company's quality procedures are being followed and goals being achieved or not.
IPO - Initial Public Offering
trailer
quality audit
sample
14. List of goods in a store or warehouse.
MTBF (Mean Time Between Failures)
fuse
trade secret
inventory
15. 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.
invention
stock exchange
seed capital
diversification
16. To unload and distribute some or all the contents of a rail car - container or trailer.
first aid
break bulk
freedom of speech
corporation
17. When a company buys another one for more than the asset value the difference is called goodwill.
benchmark
goodwill
A & E (Accident & Emergency)
MTBF (Mean Time Between Failures)
18. The characteristic of a measurement regarding how precise it is.
spyware
consensus
third party
accuracy
19. A defined segment of the market that a product is aimed at.
accommodation
unlimited liability
venture capitalist
target market
20. Unfair treatment of a person or group based on prejudice.
discrimination
fiscal year
EBITDA
civil liberties
21. The granting of power to perform various acts or duties.
Leveraged Buy-Out
accreditation
challenge
invasion of privacy
22. The right to have your political view kept secret.
hard hat
political privacy
stock exchange
differentiation
23. Transportation method where truck trailers with their loads are moved by train to their destination.
peak times
piggyback
turnaround
customs
24. 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.
logistics
customs
penetration pricing strategy
limited liability
25. Officials formally appointed to run and represent a company.
consignment
officers of a company
payroll
Lloyds' Registry
26. The purchase of a business based on the company's cash recipts and the belief positive cash flow will continue.
Leveraged Buy-Out
bulk carriers
benchmark
full containerships
27. Raised flat area beside a train track for entering or exiting a train.
barrel (BBL)
commission
platform
cancel
28. A measure of the average time between failures in a system - the higher the amount - the more reliable the thing is.
barrel (BBL)
accreditation
MTBF (Mean Time Between Failures)
penetration pricing strategy
29. Duties or taxes imposed by the government on imported and exported goods.
general cargo freighters
adaptive firm
customs
procedure
30. Someone who acts as an agent on behalf of a shipper.
discovery
freight forwarder
norm
best practice
31. Entering land or property without permission from the owner or the right to enter.
fire extinguisher
medical privacy
trespassing
accounts receivable
32. A warehouse authorized by customs where goods are stored and no payment is required until the goods are removed.
brand recognition
bulk cargo
bonded warehouse
market capitalization
33. Written description of how something should be done.
procedure
officers of a company
dividend
barrel (BBL)
34. The sale of part-ownership in a venture to gain additional capital for a start-up.
general cargo freighters
political privacy
equity financing
surveillance
35. The right of owners of physical or intellectual property to consume - rent or sell their property.
property rights
inventory
suitcase
co-operative
36. The crime of deceiving someone to get money or good illegally.
deed of partnership
bed & breakfast
fraud
carrier
37. The point in units sold or sales amount when the expenses will be matched.
target market
fuse
differentiation
break-even point
38. Ships with permanent container cells with little or no space for other cargo types.
full containerships
diversification
hard hat
goodwill
39. Information officially declared secret - such as classified documents or material that are available only to particular people.
analysis
classified information
economies of scale
tankers
40. Hospital department for people who suddenly become ill or are hurt in an accident.
port of entry
political privacy
mission statement
A & E (Accident & Emergency)
41. A small hotel or private house that rents out rooms to sleep in - including breakfast - at reasonable prices.
consensus
bed & breakfast
retained earnings
freight forwarder
42. A demanding or stimulating situation.
supply chain
benchmark
secret ballot
challenge
43. A place for the reception - delivery - consolidation - distribution and storage of goods and cargo.
warehouse
supply chain
accounts payable
bonded warehouse
44. Transporting something using different means of transport - e.g. first on a truck and then on a ship.
acid test
intermodal transport
supply chain
IPO - Initial Public Offering
45. Cargo which is transported by plane.
share capital
rights violation
co-operative
air cargo
46. Sales divided by total assets.
secret ballot
logistics
asset turnover
accounts payable
47. When someone breaks your right to privacy.
accuracy
invasion of privacy
procedure
CCTV (closed-circuit television)
48. A unit of measure for liquids equivalent to 42 gallons.
TEU
CCTV (closed-circuit television)
barrel (BBL)
target market
49. The estimated loss of value of assets over a period of time.
depreciation
air cargo
invention
fixed cost
50. Wages - salaries and other forms of employee compensation.
norm
payroll
fiscal year
valve
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