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






2. Ships fitted with tanks to carry liquid or gas cargoes.






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






4. The time it takes between the arrival of a vessel or aircraft and its departure.






5. A vessel sailing between specific ports on a regular basis.






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






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






8. A demanding or stimulating situation.






9. System where goods are produced as and when they are needed rather than producing items in advance and storing them in a warehouse.






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






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






12. Steps taken in advance to avoid an accident happening.






13. Someone who acts as an agent on behalf of a shipper.






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






15. A place to live - work - stay in : rented/temporary/furnished accommodation.






16. The examination and evaluation of something.






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






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






19. Written description of how something should be done.






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






21. Someone who starts a new business venture often involving innovation and risk taking.






22. Information officially declared secret - such as classified documents or material that are available only to particular people.






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






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






25. Useable or acceptable.






26. Shaping a companies' offering and image to occupy a unique and valued place in the customer's mind.






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






28. Earnings Before Interest - Taxes - Depreciation and Amortization.






29. The organization that surveys and classifies ships for insurance companies.

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30. A receipt for goods issued by a carrier indicated that goods were received without damage or irregularities.






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






32. A piece of information - for example how a certain product is made - which is only known to the company that makes it.






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






34. Insurance covering loss or damage of goods at sea.






35. Things which are likely or feasible.






36. A wealthy person who invests in a start-up company.






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






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






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






40. A statisitical measure of how well a company is doing in a certain area.






41. The relationship between technology and the legal right to privacy in the collection and sharing of data about oneself.






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






43. Activities including product - method of distribution - method of advertising which all affect how a product is marketing.






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






45. A flexible tube used to transport liquids or gas.






46. A technique used to assess expected profitability of a company or single product.






47. A short statement describing the main objectives and aims of a business.






48. Raised flat area beside a train track for entering or exiting a train.






49. Expenses arising during normal business operations.






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