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Test your basic knowledge |
Business English Test
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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. System where goods are produced as and when they are needed rather than producing items in advance and storing them in a warehouse.
port of entry
precaution
just-in-time manufacturing
identity theft
2. Setting a high initial price for a product to create a price-quality idea which early adopters will happily accept.
skimming pricing strategy
benchmark
FEU
consignment
3. A company that moves goods or passengers from one place to another.
stakeholder
force majeure
carrier
medical privacy
4. Shortened form of Roll on/Roll off meaning a ship which trucks can drive straight onto without the need for cranes.
injury
logistics
intermodal transport
Ro/Ro
5. A method recognised throughout a business sector as the best way to do something.
commission
best practice
consignment
brand
6. A financial statement showing sales - cost of sales - gross margin - operating expenses etc.
dividend
bulk carriers
income statement
carousel
7. Finding out or ascertaining something previously unknown.
limited liability
assets
discovery
goggles
8. When a person or group infringes on your rights such as freedom of movement or freedom of speech.
customs
best practice
lead-time
rights violation
9. List of goods in a store or warehouse.
property rights
freedom of speech
accommodation
inventory
10. In a business plan this is the change in the cash balance.
income statement
brand
cash flow
asset turnover
11. The granting of power to perform various acts or duties.
market segmentation
break-even point
accreditation
fraud
12. A technique used to assess expected profitability of a company or single product.
just-in-time manufacturing
consensus
secret ballot
break-even analysis
13. Someone who invests in a business partnership without taking part in business affairs. Usually sleeping partners have limited liability.
in transit
share capital
sleeping partner
valid
14. Steps taken in advance to avoid an accident happening.
precaution
director
freedom of speech
variable cost
15. Series of questions designed to gather information on a certain topic.
EBITDA
survey
brand equity
freighters
16. The idea that anything you tell your doctor will remain confidential.
fixed cost
turnaround
common stock
medical privacy
17. Costs that fluctuate in direct relation to the volume of units produced.
break bulk
corporation
variable cost
mission statement
18. Ships with permanent container cells with little or no space for other cargo types.
operating expenses
fiscal year
rights violation
full containerships
19. The point in units sold or sales amount when the expenses will be matched.
deed of partnership
first aid
break-even point
US Fourth Amendment
20. Information officially declared secret - such as classified documents or material that are available only to particular people.
classified information
charity
port of entry
Leveraged Buy-Out
21. Estimated Time of Arrival.
tankers
break bulk
ETA
Ro/Ro
22. A process of verifying all information about a company including but not limited to financials - management - market share and risks.
Clean Bill of Lading
memorandum of association
due diligence
dividend
23. The complete range of a company's offerings including products and services.
trespassing
commission
portfolio
feedback
24. Earnings which are reinvested in the company rather than paid out as dividends.
consensus
piggyback
retained earnings
fork lift
25. The year as used in accounting which can begin and end in any month as the company sees fit.
fiscal year
commission
skimming pricing strategy
payroll
26. A new scientific or technical idea.
platform
acid test
invention
Lloyds' Registry
27. A defined segment of the market that a product is aimed at.
EBIT
income statement
Clean Bill of Lading
target market
28. The examination and evaluation of something.
accounts payable
analysis
freedom of speech
accuracy
29. The science of making sure people and machines work together as well as possible.
fuse
bulk carriers
acid test
ergonomics
30. Events which are beyond the control of a carrier like war - earthquakes or floods.
force majeure
cancel
break bulk
customs
31. Surveillance tools installed on a computer without the users' consent.
suitcase
wake-up call
spyware
business mission
32. The right of owners of physical or intellectual property to consume - rent or sell their property.
sample
accreditation
diversification
property rights
33. Damage or hurt experienced by a person or animal.
injury
FEU
confirm
fixed cost
34. A form of company which has a separate legal identity and limited liabilities.
lead-time
corporation
variable cost
accounts payable
35. A government office which registers information on every company on the British market and circulates them to stakeholders.
rights violation
business mission
Companies House
valve
36. When you allow someone to start a specific business by using your products in exchange for a part of his profits.
liner
air cargo
cash flow
franchise
37. A company where the owners are personally liable for the debts of the company.
share capital
third party
financial privacy
unlimited liability
38. When all members of a group agree to support a decision even if they don't agree with it.
consensus
asset turnover
feeder service
bonded warehouse
39. A non-profit making organization which exists to support and help a particular group.
Ro/Ro
economies of scale
charity
entrepreneuer
40. The crime of deceiving someone to get money or good illegally.
seed capital
fraud
deed of partnership
charity
41. A piece of information - for example how a certain product is made - which is only known to the company that makes it.
market segmentation
secret ballot
trade secret
inventory
42. Sales divided by total assets.
asset turnover
third party
income statement
break-even point
43. The right to privacy and control of your information on the internet.
political privacy
internet privacy
bed & breakfast
possibilities
44. A short description of a company's purpose in relation to customers - products - markets etc.
seed capital
ergonomics
business mission
economies of scale
45. Initial medical attention given to someone in the event of an accident or sudden illness.
charity
in transit
unlimited liability
first aid
46. A place for the reception - delivery - consolidation - distribution and storage of goods and cargo.
risk
A & E (Accident & Emergency)
invasion of privacy
warehouse
47. The planning - implementation and control of flow and storage of goods.
memorandum of association
creativity
differentiation
logistics
48. Activities including product - method of distribution - method of advertising which all affect how a product is marketing.
FEU
brand equity
Roll-on/Roll-off vessels
marketing mix
49. Business wholly owned by its employees with the emphasis on group decision making.
property rights
classified information
venture capitalist
co-operative
50. The right to have your political view kept secret.
political privacy
classified information
brand recognition
discrimination
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