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






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






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






4. A person who is on the managing board of a business.






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






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


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






8. An invasion of someone's private life without due cause.






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






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






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






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






13. A planned - temporary break in a journey - for instance to change planes.






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






15. Monitoring of public places using video cameras.






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






17. Setting a high initial price for a product to create a price-quality idea which early adopters will happily accept.






18. The monitoring or close observation of behaviour.






19. The right to have your political view kept secret.






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






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






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






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


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






25. Shortened form of Roll on/Roll off meaning a ship which trucks can drive straight onto without the need for cranes.






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






27. Finding out or ascertaining something previously unknown.






28. Officials formally appointed to run and represent a company.






29. The right to have your sexual orientation and practices remain secret.






30. Costs that fluctuate in direct relation to the volume of units produced.






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






32. In a business plan this is the change in the cash balance.






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






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






35. A demanding or stimulating situation.






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






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






38. When a company buys another one for more than the asset value the difference is called goodwill.






39. Property that a business owns - including cash and receivables - inventory etc.






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






41. Initial medical attention given to someone in the event of an accident or sudden illness.






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






43. Bills to be paid as part of the normal course of business.






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






45. The crime of deceiving someone to get money or good illegally.






46. Device which breaks to stop the flow of current in the event of an overload.






47. A process of verifying all information about a company including but not limited to financials - management - market share and risks.






48. Earnings Before Interest and Taxes.






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






50. The complete range of a company's offerings including products and services.