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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 shipment of goods to a consignee.






2. The right to have your sexual orientation and practices remain secret.






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






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






5. A person who is involved in a situation in addition to the two main participants.






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






7. The benefit of larger scale production where costs are spread over more units which lowers the average unit cost.






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






9. 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.






10. A place for the reception - delivery - consolidation - distribution and storage of goods and cargo.






11. The total value of all the outstanding shares of a publicly-traded company.






12. Useable or acceptable.






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






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






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






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






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






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






19. A place where parts of the ownership of companies are bought and sold - or the organization of people whose job is to do the buying and selling.






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






21. A demanding or stimulating situation.






22. Compensation paid to a person on the basis of products sold.






23. The monitoring or close observation of behaviour.






24. To unload and distribute some or all the contents of a rail car - container or trailer.






25. Written description of how something should be done.






26. Initial medical attention given to someone in the event of an accident or sudden illness.






27. Expenses arising during normal business operations.






28. A non-profit making organization which exists to support and help a particular group.






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






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






31. A financial statement showing sales - cost of sales - gross margin - operating expenses etc.






32. A rectangluar piece of luggage for carrying clothes.






33. Monitoring of public places using video cameras.






34. When all members of a group agree to support a decision even if they don't agree with it.






35. An agreement that regulates the rights and obligations of shareholders.






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






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






38. A machine used to pick up and transport goods loaded on pallets.






39. In a business plan this is the change in the cash balance.






40. A small hotel or private house that rents out rooms to sleep in - including breakfast - at reasonable prices.






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






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






43. Forty-Foot Equivalent Units - a standard size for shipping containers.






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






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






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






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






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






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






50. The right to privacy and control of your information on the internet.