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






2. Documents used to procure freight and express transportation and services from commercial carriers.






3. Someone who starts a new business venture often involving innovation and risk taking.






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






5. A new scientific or technical idea.






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






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

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






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






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






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






12. A receipt for goods issued by a carrier indicated that goods were received without damage or irregularities.






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






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






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






16. Monitoring of public places using video cameras.






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






18. Insurance covering loss or damage of goods at sea.






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






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






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






22. Finding out or ascertaining something previously unknown.






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






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






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






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






27. Earnings which are reinvested in the company rather than paid out as dividends.






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






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






30. A statisitical measure of how well a company is doing in a certain area.






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






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






33. A government office which registers information on every company on the British market and circulates them to stakeholders.






34. When a company produces a product of a type they have not previously made.






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






36. 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.






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






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






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






40. A notice to a buyer that shipment has gone forward which contains details of packing - routing etc.






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






42. The expected behaviour or standard for something.






43. Unfair treatment of a person or group based on prejudice.






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






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






46. The examination and evaluation of something.






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






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






49. 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.






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