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






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






3. A test of a company's ability to meet its immediate cash requirements: short-term assets minus accounts receivable and inventory - divided by short-term liabilities.






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

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






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






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






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






9. Monitoring of public places using video cameras.






10. Protective eyewear worn when working with chemicals or dangerous machines.






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






12. The right to have details of your financial transactions kept secret.






13. The science of making sure people and machines work together as well as possible.






14. Metal rails along which a train travels.






15. A form of corporate equity ownership giving voting rights.






16. Setting a relatively low intitial price for a new product in order to win market share.






17. 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.






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






19. The granting of power to perform various acts or duties.






20. The ability to develop new ideas.






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






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






23. A response or reaction to a piece of information.






24. The time which a seller needs to produce and deliver goods.






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






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






27. The sale of part-ownership in a venture to gain additional capital for a start-up.






28. Expenses arising during normal business operations.






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






30. A formal framework for identifying an organization's growth opportunities - strengths - weaknesses - opportunities and threats.






31. Activities involved in protecting a country - building or person against danger or attack.






32. Port where cargo enters a country and is unloaded.






33. Letting a third-party company take care of your logistics for you.






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






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






36. A new scientific or technical idea.






37. The crime of deceiving someone to get money or good illegally.






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






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






40. A form of company which has a separate legal identity and limited liabilities.






41. A standard used to compare some aspect of a business to an external measure.






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






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






44. The fraudulent use of someone's identity in order to steal money or get other benefits.






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






46. Written description of how something should be done.






47. The first time a company offers its shares to the public.






48. A systematic - independent examination of whether a company's quality procedures are being followed and goals being achieved or not.






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






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