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






2. Cargo which is transported by plane.






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






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






5. The categorization of potential customers into groups based on common characteristics.






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






7. When a company produces a product of a type they have not previously made.






8. The expected behaviour or standard for something.






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






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

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






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






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






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






15. Ceiling-mounted camera used in stores and casinos etc to monitor customers.

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16. Someone who starts a new business venture often involving innovation and risk taking.






17. Abbreviation for a standardized container - Twenty-foot equivalent unit.






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






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






20. Vessel designed to carry bulk cargo such as grain or ore.






21. A wealthy person who invests in a start-up company.






22. A vessel sailing between specific ports on a regular basis.






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






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






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






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






27. An organization able to respond to and address changes in a market - their environment or industry.






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






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






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






31. Officials formally appointed to run and represent a company.






32. Mechanical device controlling the flow of a gas or liquid in a system.






33. Unfair treatment of a person or group based on prejudice.






34. The added value a brand name identity brings to a product or service.






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






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






37. A unit of measure for liquids equivalent to 42 gallons.






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






39. Estimated Time of Arrival.






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






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






42. A government office which registers information on every company on the British market and circulates them to stakeholders.






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






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






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






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






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






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






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






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