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






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






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






4. Protective helmet worn on building sites etc. to prevent injuries to the head.






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






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






7. Things which are likely or feasible.






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






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






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






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






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






13. Someone who acts as an agent on behalf of a shipper.






14. The idea that anything you tell your doctor will remain confidential.






15. The examination and evaluation of something.






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






17. Activities involved in protecting a country - building or person against danger or attack.






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






19. The time which a seller needs to produce and deliver goods.






20. The added value a brand name identity brings to a product or service.






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






22. Goods which are shipped loose in the hold of a ship.






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






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






25. A test of a company's ability to meet its immediate cash requirements: short-term assets minus accounts receivable and inventory - divided by short-term liabilities.






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






27. When someone breaks your right to privacy.






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






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






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






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






32. Device containing water - foam or powder used to put out a fire.






33. The right to have details of your financial transactions kept secret.






34. Forty-Foot Equivalent Units - a standard size for shipping containers.






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






36. Hospital department for people who suddenly become ill or are hurt in an accident.






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






38. Usually wooden base used for moving or storing stacked goods.






39. The point in units sold or sales amount when the expenses will be matched.






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






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






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






43. Events which are beyond the control of a carrier like war - earthquakes or floods.






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






45. The monitoring or close observation of behaviour.






46. Service taking cargo from a regional port or airport to a central hub for a long-haul voyage.






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






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






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






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