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






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






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






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






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






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






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






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






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






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






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






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






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






14. To make valid by approval - to establish the certainty of something.






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






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






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






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






19. An agreement that regulates the rights and obligations of shareholders.






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






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






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






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






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






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






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






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






28. The ability to develop new ideas.






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






30. A defined segment of the market that a product is aimed at.






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






32. A place for the reception - delivery - consolidation - distribution and storage of goods and cargo.






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






34. The right to privacy and control of your information on the internet.






35. Finding out or ascertaining something previously unknown.






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






37. The possibility of suffering harm or loss; a danger.






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






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






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






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






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






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






44. Things which are likely or feasible.






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






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






47. Sales divided by total assets.






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






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






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