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






2. The year as used in accounting which can begin and end in any month as the company sees fit.






3. Ships especially designed for trucks to drive into them using internal ramps.






4. A voting system where each vote is kept private.






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






6. The time it takes between the arrival of a vessel or aircraft and its departure.






7. When you allow someone to start a specific business by using your products in exchange for a part of his profits.






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






9. Cargo which is booked but does not arrive in time to be loaded onto a vessel.






10. Fundamental human rights usually protected by law such as freedom of speech and religion.






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






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






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






14. The complete range of a company's offerings including products and services.






15. A company that moves goods or passengers from one place to another.






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






17. A defined segment of the market that a product is aimed at.






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






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






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






21. A notice to a buyer that shipment has gone forward which contains details of packing - routing etc.






22. Positions customer's relative perceptions of one brand in comparison to other competitive alternatives.






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






24. The characteristic of a measurement regarding how precise it is.






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






26. A machine used to pick up and transport goods loaded on pallets.






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






28. The state of remaining unknown to most other people.






29. Bills to be paid as part of the normal course of business.






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






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






32. Hospital department for people who suddenly become ill or are hurt in an accident.






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






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






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






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






37. To decide that an agreed appointment or booking will not take place.






38. Expenses for a company which do not change based on production or sales levels.






39. The total value of all the outstanding shares of a publicly-traded company.






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






41. Raised flat area beside a train track for entering or exiting a train.






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






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






44. The total value of the money invested into a company by its shareholders.






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






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






47. Metal rails along which a train travels.






48. A piece of information - for example how a certain product is made - which is only known to the company that makes it.






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






50. The right to say what you want without anyone stopping you.