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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 high initial price for a product to create a price-quality idea which early adopters will happily accept.
skimming pricing strategy
turnaround
warehouse
fraud
2. Cargo which is transported by plane.
seed capital
air cargo
trespassing
fire extinguisher
3. When you allow someone to start a specific business by using your products in exchange for a part of his profits.
norm
precaution
franchise
piggyback
4. A warehouse authorized by customs where goods are stored and no payment is required until the goods are removed.
CCTV (closed-circuit television)
bonded warehouse
analysis
Ro/Ro
5. The categorization of potential customers into groups based on common characteristics.
market segmentation
TEU
marketing mix
FEU
6. When a company buys another one for more than the asset value the difference is called goodwill.
goodwill
deed of partnership
ergonomics
Ro/Ro
7. When a company produces a product of a type they have not previously made.
trespassing
consignment
diversification
IPO - Initial Public Offering
8. The expected behaviour or standard for something.
share capital
norm
sleeping partner
quality audit
9. The right of owners of physical or intellectual property to consume - rent or sell their property.
differentiation
EBITDA
key performance indicator
property rights
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.
Ro/Ro
political privacy
target market
life cycle
12. Duties or taxes imposed by the government on imported and exported goods.
charity
electronic trail
customs
fuse
13. The state of remaining unknown to most other people.
anonymity
creativity
Ro/Ro
acid test
14. The estimated loss of value of assets over a period of time.
full containerships
Clean Bill of Lading
depreciation
CCTV (closed-circuit television)
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.
entrepreneuer
procedure
breach of privacy
cancel
17. Abbreviation for a standardized container - Twenty-foot equivalent unit.
marketing mix
force majeure
break-even point
TEU
18. Someone who invests in a business partnership without taking part in business affairs. Usually sleeping partners have limited liability.
no-show
limited liability
sleeping partner
pallet
19. A measure of the average time between failures in a system - the higher the amount - the more reliable the thing is.
MTBF (Mean Time Between Failures)
security
ETA
inventory
20. Vessel designed to carry bulk cargo such as grain or ore.
cash flow
civil liberties
A & E (Accident & Emergency)
bulk carriers
21. A wealthy person who invests in a start-up company.
Leveraged Buy-Out
political privacy
just-in-time manufacturing
venture capitalist
22. A vessel sailing between specific ports on a regular basis.
memorandum of association
liner
Companies House
Leveraged Buy-Out
23. The total value of the money invested into a company by its shareholders.
share capital
break-even analysis
civil liberties
surveillance
24. A company where the owners are personally liable for the debts of the company.
invasion of privacy
share
brand
unlimited liability
25. Insurance covering loss or damage of goods at sea.
entrepreneuer
quality audit
marine insurance
income statement
26. The planning - implementation and control of flow and storage of goods.
full containerships
Companies House
logistics
intermodal transport
27. An organization able to respond to and address changes in a market - their environment or industry.
trailer
differentiation
fixed cost
adaptive firm
28. When a person or group infringes on your rights such as freedom of movement or freedom of speech.
freight forwarder
freighters
accounts payable
rights violation
29. Bills to be paid as part of the normal course of business.
tankers
EBIT
Clean Bill of Lading
accounts payable
30. Part of the Bill of Rights which provides people with the right to be secure in their persons - houses - papers etc.
freighters
procedure
barrel (BBL)
US Fourth Amendment
31. Officials formally appointed to run and represent a company.
logistics
benchmark
positioning
officers of a company
32. Mechanical device controlling the flow of a gas or liquid in a system.
valve
fixed cost
supply chain
retained earnings
33. Unfair treatment of a person or group based on prejudice.
sample
breach of privacy
platform
discrimination
34. The added value a brand name identity brings to a product or service.
common stock
brand equity
peak times
retained earnings
35. Events which are beyond the control of a carrier like war - earthquakes or floods.
confirm
IPO - Initial Public Offering
norm
force majeure
36. The right to say what you want without anyone stopping you.
precaution
'eye in the sky' camera
venture capitalist
freedom of speech
37. A unit of measure for liquids equivalent to 42 gallons.
full containerships
memorandum of association
customs
barrel (BBL)
38. Ships with permanent container cells with little or no space for other cargo types.
market capitalization
full containerships
valid
officers of a company
39. Estimated Time of Arrival.
ETA
invention
corporation
cancel
40. Positions customer's relative perceptions of one brand in comparison to other competitive alternatives.
stopover
wake-up call
brand recognition
common stock
41. Steps taken in advance to avoid an accident happening.
lead-time
Lloyds' Registry
precaution
dividend
42. A government office which registers information on every company on the British market and circulates them to stakeholders.
Companies House
brand recognition
consensus
TEU
43. Cargo which is booked but does not arrive in time to be loaded onto a vessel.
Ro/Ro
fixed cost
no-show
barrel (BBL)
44. Debts owed to a company usually from sales on credit.
invention
stock exchange
information privacy
accounts receivable
45. The purchase of a business based on the company's cash recipts and the belief positive cash flow will continue.
Leveraged Buy-Out
invention
penetration pricing strategy
survey
46. Business wholly owned by its employees with the emphasis on group decision making.
co-operative
valve
venture capitalist
brand recognition
47. The year as used in accounting which can begin and end in any month as the company sees fit.
return on investment
challenge
FEU
fiscal year
48. A short description of a company's purpose in relation to customers - products - markets etc.
financial privacy
FEU
bonded warehouse
business mission
49. A method recognised throughout a business sector as the best way to do something.
air cargo
best practice
EBIT
internet privacy
50. A notice to a buyer that shipment has gone forward which contains details of packing - routing etc.
turnaround
skimming pricing strategy
advice of shipment
bulk carriers