Test your basic knowledge |

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. When you allow someone to start a specific business by using your products in exchange for a part of his profits.






2. Ships with permanent container cells with little or no space for other cargo types.






3. A company where the owners are personally liable for the debts of the company.






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






5. The truck unit onto which freight in a container is loaded.






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






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






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






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






10. Things which are likely or feasible.






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






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






13. Positions customer's relative perceptions of one brand in comparison to other competitive alternatives.






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






15. A marketing strategy where a company tries to gain greater dominance in a market - for example - by offering special prices.






16. A formal framework for identifying an organization's growth opportunities - strengths - weaknesses - opportunities and threats.






17. Fundamental human rights usually protected by law such as freedom of speech and religion.






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






19. A company that moves goods or passengers from one place to another.






20. A rectangluar piece of luggage for carrying clothes.






21. Cargo ships not specialised in one type of cargo unlike a full containership.






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






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






24. Vessel designed to carry bulk cargo such as grain or ore.






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






26. Business wholly owned by its employees with the emphasis on group decision making.






27. A telephone call requested at a certain time to wake someone up.






28. The year as used in accounting which can begin and end in any month as the company sees fit.






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






30. The system of technology - people - organizations etc involved in moving services or products from supplier to customer.






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






32. One of the documents required by a firm to become a limited company.






33. A response or reaction to a piece of information.






34. A shipment of goods to a consignee.






35. To decide that an agreed appointment or booking will not take place.






36. 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.






37. A defined segment of the market that a product is aimed at.






38. Monitoring of public places using video cameras.






39. A new scientific or technical idea.






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






41. A systematic - independent examination of whether a company's quality procedures are being followed and goals being achieved or not.






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






43. Expenses for a company which do not change based on production or sales levels.






44. A method recognised throughout a business sector as the best way to do something.






45. Finding out or ascertaining something previously unknown.






46. Port where cargo enters a country and is unloaded.






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






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






49. The state of remaining unknown to most other people.






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