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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 relatively low intitial price for a new product in order to win market share.
CCTV (closed-circuit television)
rights violation
penetration pricing strategy
carousel
2. The right to have your political view kept secret.
trade secret
possibilities
CCTV (closed-circuit television)
political privacy
3. The added value a brand name identity brings to a product or service.
assets
brand equity
trade secret
precaution
4. Someone who starts a new business venture often involving innovation and risk taking.
entrepreneuer
fuse
operating expenses
portfolio
5. The science of making sure people and machines work together as well as possible.
A & E (Accident & Emergency)
ergonomics
director
variable cost
6. Setting a high initial price for a product to create a price-quality idea which early adopters will happily accept.
skimming pricing strategy
risk
medical privacy
operating expenses
7. To make valid by approval - to establish the certainty of something.
confirm
rights violation
franchise
quality audit
8. Business wholly owned by its employees with the emphasis on group decision making.
barrel (BBL)
co-operative
break-even analysis
fire extinguisher
9. Expenses for a company which do not change based on production or sales levels.
fixed cost
Ro/Ro
just-in-time manufacturing
co-operative
10. The relationship between technology and the legal right to privacy in the collection and sharing of data about oneself.
information privacy
air cargo
surveillance
equity financing
11. Events which are beyond the control of a carrier like war - earthquakes or floods.
electronic trail
positioning
economies of scale
force majeure
12. A response or reaction to a piece of information.
brand recognition
feedback
full containerships
IPO - Initial Public Offering
13. A planned - temporary break in a journey - for instance to change planes.
brand equity
Leveraged Buy-Out
freight forwarder
stopover
14. A new scientific or technical idea.
invention
bed & breakfast
bonded warehouse
Companies House
15. Finding out or ascertaining something previously unknown.
discovery
'eye in the sky' camera
sleeping partner
spyware
16. A moving belt you collect baggage from at the airport.
FEU
carousel
political privacy
skimming pricing strategy
17. A notice to a buyer that shipment has gone forward which contains details of packing - routing etc.
brand
advice of shipment
sleeping partner
assets
18. The truck unit onto which freight in a container is loaded.
charity
due diligence
anonymity
trailer
19. A short statement describing the main objectives and aims of a business.
bulk carriers
challenge
mission statement
procedure
20. The right of owners of physical or intellectual property to consume - rent or sell their property.
Bill of Lading
TEU
piggyback
property rights
21. Compensation paid to a person on the basis of products sold.
liner
commission
IPO - Initial Public Offering
fixed cost
22. The first time a company offers its shares to the public.
diversification
IPO - Initial Public Offering
sample
bulk carriers
23. One of the documents required by a firm to become a limited company.
fiscal year
limited liability
memorandum of association
Companies House
24. Ships with permanent container cells with little or no space for other cargo types.
valve
Leveraged Buy-Out
sleeping partner
full containerships
25. The granting of power to perform various acts or duties.
Ro/Ro
accreditation
injury
TEU
26. Useable or acceptable.
valid
co-operative
stakeholder
accommodation
27. Monitoring of public places using video cameras.
CCTV (closed-circuit television)
bulk carriers
marine insurance
marketing mix
28. The benefit of larger scale production where costs are spread over more units which lowers the average unit cost.
precaution
possibilities
economies of scale
feeder service
29. The organization that surveys and classifies ships for insurance companies.
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30. The monitoring or close observation of behaviour.
hose
differentiation
surveillance
fraud
31. A wealthy person who invests in a start-up company.
piggyback
IPO - Initial Public Offering
SWOT analysis
venture capitalist
32. Hospital department for people who suddenly become ill or are hurt in an accident.
full containerships
A & E (Accident & Emergency)
possibilities
air cargo
33. A machine used to pick up and transport goods loaded on pallets.
fork lift
Lloyds' Registry
discovery
track
34. A company where the owners are personally liable for the debts of the company.
unlimited liability
first aid
asset turnover
Leveraged Buy-Out
35. Device which breaks to stop the flow of current in the event of an overload.
fuse
payroll
invasion of privacy
FEU
36. Shortened form of Roll on/Roll off meaning a ship which trucks can drive straight onto without the need for cranes.
security
financial privacy
Ro/Ro
feeder service
37. The fraudulent use of someone's identity in order to steal money or get other benefits.
income statement
portfolio
identity theft
barrel (BBL)
38. Net profits divided by net worth or total equity.
survey
accommodation
positioning
return on investment
39. Insurance covering loss or damage of goods at sea.
marine insurance
trailer
internet privacy
barrel (BBL)
40. A standard used to compare some aspect of a business to an external measure.
memorandum of association
Bill of Lading
benchmark
entrepreneuer
41. The complete range of a company's offerings including products and services.
acid test
portfolio
analysis
entrepreneuer
42. Steps taken in advance to avoid an accident happening.
stopover
Bill of Lading
tankers
precaution
43. Earnings Before Interest - Taxes - Depreciation and Amortization.
break-even point
market capitalization
EBITDA
spyware
44. Abbreviation for a standardized container - Twenty-foot equivalent unit.
Leveraged Buy-Out
TEU
discrimination
medical privacy
45. A systematic - independent examination of whether a company's quality procedures are being followed and goals being achieved or not.
liner
quality audit
business mission
fire extinguisher
46. The possibility of suffering harm or loss; a danger.
stakeholder
risk
TEU
possibilities
47. Electronic records of phone calls - bank transactions etc which paint a picture of what a person did - where and when.
electronic trail
carousel
analysis
brand equity
48. The right to have your sexual orientation and practices remain secret.
sexual privacy
adaptive firm
in transit
memorandum of association
49. The state of remaining unknown to most other people.
unlimited liability
anonymity
market segmentation
co-operative
50. A technique used to assess expected profitability of a company or single product.
break-even analysis
payroll
bulk carriers
brand