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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. A shipment of goods to a consignee.
Roll-on/Roll-off vessels
accreditation
consignment
inventory
2. The right to have your sexual orientation and practices remain secret.
sexual privacy
liabilities
business mission
due diligence
3. A warehouse authorized by customs where goods are stored and no payment is required until the goods are removed.
suitcase
cash flow
precaution
bonded warehouse
4. The added value a brand name identity brings to a product or service.
brand equity
market segmentation
director
freight forwarder
5. A person who is involved in a situation in addition to the two main participants.
assets
discovery
norm
third party
6. The idea that anything you tell your doctor will remain confidential.
third party
positioning
medical privacy
fixed cost
7. The benefit of larger scale production where costs are spread over more units which lowers the average unit cost.
economies of scale
break bulk
procedure
break-even point
8. The estimated loss of value of assets over a period of time.
quality audit
security
depreciation
brand equity
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.
liabilities
limited liability
payroll
income statement
10. A place for the reception - delivery - consolidation - distribution and storage of goods and cargo.
MTBF (Mean Time Between Failures)
valve
warehouse
consensus
11. The total value of all the outstanding shares of a publicly-traded company.
goodwill
market capitalization
classified information
valid
12. Useable or acceptable.
norm
TEU
valid
venture capitalist
13. The purchase of a business based on the company's cash recipts and the belief positive cash flow will continue.
breach of privacy
penetration pricing strategy
norm
Leveraged Buy-Out
14. A model depicting the sales curve of a product split into four stages - introduction - growth - maturity and decline.
life cycle
economies of scale
operating expenses
just-in-time manufacturing
15. The fraudulent use of someone's identity in order to steal money or get other benefits.
Roll-on/Roll-off vessels
identity theft
track
fuse
16. Abbreviation for a standardized container - Twenty-foot equivalent unit.
TEU
information privacy
cash flow
breach of privacy
17. A standard used to compare some aspect of a business to an external measure.
benchmark
no-show
marine insurance
diversification
18. The granting of power to perform various acts or duties.
advice of shipment
challenge
accreditation
variable cost
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.
secret ballot
stock exchange
goggles
security
20. The right of owners of physical or intellectual property to consume - rent or sell their property.
first aid
co-operative
barrel (BBL)
property rights
21. A demanding or stimulating situation.
stopover
lead-time
track
challenge
22. Compensation paid to a person on the basis of products sold.
commission
stopover
EBITDA
unlimited liability
23. The monitoring or close observation of behaviour.
logistics
surveillance
Roll-on/Roll-off vessels
brand
24. To unload and distribute some or all the contents of a rail car - container or trailer.
financial privacy
stalking
break bulk
supply chain
25. Written description of how something should be done.
economies of scale
diversification
trailer
procedure
26. Initial medical attention given to someone in the event of an accident or sudden illness.
first aid
asset turnover
due diligence
'eye in the sky' camera
27. Expenses arising during normal business operations.
operating expenses
invasion of privacy
fire extinguisher
fiscal year
28. A non-profit making organization which exists to support and help a particular group.
freedom of speech
officers of a company
ETA
charity
29. The planning - implementation and control of flow and storage of goods.
freighters
unlimited liability
logistics
operating expenses
30. Mechanical device controlling the flow of a gas or liquid in a system.
valve
fiscal year
depreciation
sample
31. A financial statement showing sales - cost of sales - gross margin - operating expenses etc.
logistics
income statement
payroll
share capital
32. A rectangluar piece of luggage for carrying clothes.
suitcase
diversification
break-even point
hose
33. Monitoring of public places using video cameras.
fixed cost
market penetration strategy
Companies House
CCTV (closed-circuit television)
34. When all members of a group agree to support a decision even if they don't agree with it.
accounts payable
consensus
marketing mix
breach of privacy
35. An agreement that regulates the rights and obligations of shareholders.
deed of partnership
best practice
track
internet privacy
36. Net profits divided by net worth or total equity.
depreciation
director
liabilities
return on investment
37. Someone who invests in a business partnership without taking part in business affairs. Usually sleeping partners have limited liability.
asset turnover
sleeping partner
hard hat
commission
38. A machine used to pick up and transport goods loaded on pallets.
fixed cost
lead-time
fork lift
discovery
39. In a business plan this is the change in the cash balance.
no-show
charity
cash flow
quality audit
40. A small hotel or private house that rents out rooms to sleep in - including breakfast - at reasonable prices.
bed & breakfast
track
consignment
classified information
41. The categorization of potential customers into groups based on common characteristics.
marketing mix
co-operative
market segmentation
internet privacy
42. Debts owed to a company usually from sales on credit.
stopover
accounts receivable
share
valve
43. Forty-Foot Equivalent Units - a standard size for shipping containers.
FEU
challenge
pallet
entrepreneuer
44. When a company produces a product of a type they have not previously made.
diversification
brand recognition
income statement
political privacy
45. A measure of the average time between failures in a system - the higher the amount - the more reliable the thing is.
return on investment
MTBF (Mean Time Between Failures)
logistics outsourcing
stock exchange
46. Setting a high initial price for a product to create a price-quality idea which early adopters will happily accept.
trailer
'eye in the sky' camera
skimming pricing strategy
positioning
47. When a person or group infringes on your rights such as freedom of movement or freedom of speech.
risk
pallet
rights violation
intermodal transport
48. A form of corporate equity ownership giving voting rights.
supply chain
suitcase
procedure
common stock
49. A form of company which has a separate legal identity and limited liabilities.
corporation
skimming pricing strategy
portfolio
pallet
50. The right to privacy and control of your information on the internet.
'eye in the sky' camera
diversification
internet privacy
break bulk