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






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






3. The first time a company offers its shares to the public.






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






5. 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.






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






7. Written description of how something should be done.






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






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






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






11. Cargo which is booked but does not arrive in time to be loaded onto a vessel.






12. The right to say what you want without anyone stopping you.






13. The amount of money of a company's profits that is distributed to its shareholders.






14. A non-profit making organization which exists to support and help a particular group.






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






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






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






18. Damage or hurt experienced by a person or animal.






19. Earnings Before Interest - Taxes - Depreciation and Amortization.






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






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






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






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






24. When someone breaks your right to privacy.






25. A new scientific or technical idea.






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






27. General term for ships designed to carry cargo rather than passengers.






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






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






30. Entering land or property without permission from the owner or the right to enter.






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






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






33. A technique used to assess expected profitability of a company or single product.






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






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

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






37. Transporting something using different means of transport - e.g. first on a truck and then on a ship.






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






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






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






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






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






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






44. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






45. List of goods in a store or warehouse.






46. The ability to develop new ideas.






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






48. Ships fitted with tanks to carry liquid or gas cargoes.






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






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