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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. The crime of deceiving someone to get money or good illegally.
quality audit
acid test
fixed cost
fraud
2. A method recognised throughout a business sector as the best way to do something.
best practice
discrimination
seed capital
Leveraged Buy-Out
3. The planning - implementation and control of flow and storage of goods.
goggles
in transit
asset turnover
logistics
4. A piece of information - for example how a certain product is made - which is only known to the company that makes it.
key performance indicator
invasion of privacy
trade secret
retained earnings
5. A flexible tube used to transport liquids or gas.
precaution
fixed cost
piggyback
hose
6. The year as used in accounting which can begin and end in any month as the company sees fit.
fiscal year
secret ballot
positioning
freighters
7. To make valid by approval - to establish the certainty of something.
classified information
director
confirm
consensus
8. The efforts to make a product seem different from rival products or even unique.
stopover
supply chain
differentiation
depreciation
9. The total value of all the outstanding shares of a publicly-traded company.
political privacy
market capitalization
consignment
accounts receivable
10. Information officially declared secret - such as classified documents or material that are available only to particular people.
Lloyds' Registry
dividend
accreditation
classified information
11. The monitoring or close observation of behaviour.
surveillance
dividend
discovery
feeder service
12. Abbreviation for a standardized container - Twenty-foot equivalent unit.
anonymity
risk
TEU
carousel
13. The relationship between technology and the legal right to privacy in the collection and sharing of data about oneself.
information privacy
IPO - Initial Public Offering
consignment
freight forwarder
14. The ability to develop new ideas.
accreditation
creativity
information privacy
track
15. Business wholly owned by its employees with the emphasis on group decision making.
breach of privacy
in transit
break bulk
co-operative
16. A shipment of goods to a consignee.
accuracy
fraud
consignment
port of entry
17. An organization able to respond to and address changes in a market - their environment or industry.
general cargo freighters
adaptive firm
just-in-time manufacturing
fuse
18. Activities including product - method of distribution - method of advertising which all affect how a product is marketing.
air cargo
marketing mix
CCTV (closed-circuit television)
share capital
19. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
break-even analysis
sexual privacy
stakeholder
electronic trail
20. The benefit of larger scale production where costs are spread over more units which lowers the average unit cost.
economies of scale
penetration pricing strategy
cash flow
goggles
21. Setting a high initial price for a product to create a price-quality idea which early adopters will happily accept.
skimming pricing strategy
common stock
'eye in the sky' camera
norm
22. Costs that fluctuate in direct relation to the volume of units produced.
variable cost
adaptive firm
piggyback
platform
23. Bills to be paid as part of the normal course of business.
valid
MTBF (Mean Time Between Failures)
positioning
accounts payable
24. Insurance covering loss or damage of goods at sea.
precaution
hard hat
penetration pricing strategy
marine insurance
25. A financial statement showing sales - cost of sales - gross margin - operating expenses etc.
bulk cargo
income statement
analysis
fire extinguisher
26. Debts; money that must be paid.
payroll
financial privacy
liabilities
surveillance
27. A marketing strategy where a company tries to gain greater dominance in a market - for example - by offering special prices.
market penetration strategy
business mission
skimming pricing strategy
SWOT analysis
28. A notice to a buyer that shipment has gone forward which contains details of packing - routing etc.
acid test
advice of shipment
EBITDA
differentiation
29. Protective eyewear worn when working with chemicals or dangerous machines.
goggles
goodwill
information privacy
positioning
30. Duties or taxes imposed by the government on imported and exported goods.
sample
force majeure
customs
retained earnings
31. The expected behaviour or standard for something.
analysis
Leveraged Buy-Out
bonded warehouse
norm
32. A defined segment of the market that a product is aimed at.
advice of shipment
business mission
fixed cost
target market
33. Compensation paid to a person on the basis of products sold.
trespassing
commission
SWOT analysis
marine insurance
34. Vessel designed to carry bulk cargo such as grain or ore.
information privacy
common stock
CCTV (closed-circuit television)
bulk carriers
35. Ceiling-mounted camera used in stores and casinos etc to monitor customers.
36. The complete range of a company's offerings including products and services.
key performance indicator
bulk carriers
freighters
portfolio
37. The total value of the money invested into a company by its shareholders.
mission statement
share capital
bulk carriers
ETA
38. Forty-Foot Equivalent Units - a standard size for shipping containers.
electronic trail
FEU
cash flow
income statement
39. A small hotel or private house that rents out rooms to sleep in - including breakfast - at reasonable prices.
bed & breakfast
best practice
feeder service
Leveraged Buy-Out
40. Net profits divided by net worth or total equity.
return on investment
hard hat
logistics outsourcing
A & E (Accident & Emergency)
41. Entering land or property without permission from the owner or the right to enter.
assets
stakeholder
creativity
trespassing
42. Earnings which are reinvested in the company rather than paid out as dividends.
carousel
retained earnings
accommodation
barrel (BBL)
43. A non-profit making organization which exists to support and help a particular group.
bonded warehouse
charity
entrepreneuer
risk
44. Ships especially designed for trucks to drive into them using internal ramps.
Roll-on/Roll-off vessels
officers of a company
internet privacy
risk
45. Mechanical device controlling the flow of a gas or liquid in a system.
quality audit
logistics outsourcing
retained earnings
valve
46. A new scientific or technical idea.
acid test
invention
carousel
IPO - Initial Public Offering
47. A standard used to compare some aspect of a business to an external measure.
corporation
carousel
benchmark
break bulk
48. Events which are beyond the control of a carrier like war - earthquakes or floods.
surveillance
force majeure
CCTV (closed-circuit television)
bonded warehouse
49. When a person or group infringes on your rights such as freedom of movement or freedom of speech.
goggles
cancel
IPO - Initial Public Offering
rights violation
50. Steps taken in advance to avoid an accident happening.
port of entry
norm
precaution
market penetration strategy