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






2. The efforts to make a product seem different from rival products or even unique.






3. A demanding or stimulating situation.






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






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






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






7. The total value of the money invested into a company by its shareholders.






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






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






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






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






12. A moving belt you collect baggage from at the airport.






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






14. A document representing one unit of ownership in a corporation - mutual fund or limited partnership.






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






16. Monitoring of public places using video cameras.






17. A unit of measure for liquids equivalent to 42 gallons.






18. Wages - salaries and other forms of employee compensation.






19. Written description of how something should be done.






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






21. Ships especially designed for trucks to drive into them using internal ramps.






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






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






24. Duties or taxes imposed by the government on imported and exported goods.






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






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






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






28. The times of highest demand for a product or service.






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






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






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






32. An organization able to respond to and address changes in a market - their environment or industry.






33. An investment contributed at the early stages of a new venture.






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






35. A delivery which is currently between its source and destination.






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






37. The ability to develop new ideas.






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






39. Electronic records of phone calls - bank transactions etc which paint a picture of what a person did - where and when.






40. Letting a third-party company take care of your logistics for you.






41. Estimated Time of Arrival.






42. Transportation method where truck trailers with their loads are moved by train to their destination.






43. Ceiling-mounted camera used in stores and casinos etc to monitor customers.

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44. The obsessive following - observing or contacting of another person.






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






46. Sales divided by total assets.






47. Setting a relatively low intitial price for a new product in order to win market share.






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






49. 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.






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