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Test your basic knowledge |
Business English Test
Start Test
Study First
Subjects
:
business-skills
,
english
,
vocabulary
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 government office which registers information on every company on the British market and circulates them to stakeholders.
Companies House
medical privacy
fire extinguisher
common stock
2. To unload and distribute some or all the contents of a rail car - container or trailer.
break bulk
internet privacy
due diligence
unlimited liability
3. The system of technology - people - organizations etc involved in moving services or products from supplier to customer.
supply chain
advice of shipment
EBITDA
unlimited liability
4. Earnings which are reinvested in the company rather than paid out as dividends.
lead-time
common stock
retained earnings
acid test
5. Setting a relatively low intitial price for a new product in order to win market share.
penetration pricing strategy
deed of partnership
share
limited liability
6. A short description of a company's purpose in relation to customers - products - markets etc.
payroll
general cargo freighters
business mission
market segmentation
7. 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.
marine insurance
equity financing
internet privacy
stock exchange
8. Debts owed to a company usually from sales on credit.
invasion of privacy
accounts receivable
trailer
memorandum of association
9. Entering land or property without permission from the owner or the right to enter.
goodwill
entrepreneuer
key performance indicator
trespassing
10. A telephone call requested at a certain time to wake someone up.
bonded warehouse
wake-up call
depreciation
acid test
11. A form of corporate equity ownership giving voting rights.
common stock
Clean Bill of Lading
in transit
internet privacy
12. When you allow someone to start a specific business by using your products in exchange for a part of his profits.
A & E (Accident & Emergency)
franchise
bonded warehouse
trade secret
13. Someone who invests in a business partnership without taking part in business affairs. Usually sleeping partners have limited liability.
brand
US Fourth Amendment
fraud
sleeping partner
14. Cargo ships not specialised in one type of cargo unlike a full containership.
adaptive firm
advice of shipment
general cargo freighters
property rights
15. When all members of a group agree to support a decision even if they don't agree with it.
variable cost
common stock
norm
consensus
16. The benefit of larger scale production where costs are spread over more units which lowers the average unit cost.
bed & breakfast
SWOT analysis
economies of scale
fraud
17. A name - term - sign - symbol - design or combination of these used to uniquely identify a producer's goods.
brand
third party
inventory
suitcase
18. Ships fitted with tanks to carry liquid or gas cargoes.
tankers
trailer
commission
accreditation
19. Compensation paid to a person on the basis of products sold.
discrimination
economies of scale
commission
breach of privacy
20. Ceiling-mounted camera used in stores and casinos etc to monitor customers.
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21. A marketing strategy where a company tries to gain greater dominance in a market - for example - by offering special prices.
EBIT
assets
market penetration strategy
equity financing
22. A place for the reception - delivery - consolidation - distribution and storage of goods and cargo.
co-operative
warehouse
accounts payable
differentiation
23. A flexible tube used to transport liquids or gas.
hose
cash flow
EBITDA
Bill of Lading
24. A systematic - independent examination of whether a company's quality procedures are being followed and goals being achieved or not.
freight forwarder
economies of scale
breach of privacy
quality audit
25. 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.
skimming pricing strategy
limited liability
anonymity
differentiation
26. The categorization of potential customers into groups based on common characteristics.
corporation
market segmentation
depreciation
cash flow
27. A warehouse authorized by customs where goods are stored and no payment is required until the goods are removed.
bonded warehouse
best practice
fixed cost
fork lift
28. 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.
liner
acid test
franchise
security
29. Written description of how something should be done.
share
TEU
financial privacy
procedure
30. The complete range of a company's offerings including products and services.
portfolio
Companies House
analysis
sexual privacy
31. Things which are likely or feasible.
A & E (Accident & Emergency)
possibilities
accuracy
injury
32. Raised flat area beside a train track for entering or exiting a train.
adaptive firm
logistics
Ro/Ro
platform
33. A non-profit making organization which exists to support and help a particular group.
charity
co-operative
venture capitalist
break bulk
34. Protective helmet worn on building sites etc. to prevent injuries to the head.
business mission
liabilities
hard hat
platform
35. A measure of the average time between failures in a system - the higher the amount - the more reliable the thing is.
full containerships
MTBF (Mean Time Between Failures)
freedom of speech
fire extinguisher
36. The ability to develop new ideas.
officers of a company
air cargo
SWOT analysis
creativity
37. Information officially declared secret - such as classified documents or material that are available only to particular people.
franchise
injury
classified information
break bulk
38. Device containing water - foam or powder used to put out a fire.
fire extinguisher
common stock
invention
fixed cost
39. The planning - implementation and control of flow and storage of goods.
security
logistics
sleeping partner
stopover
40. Ships especially designed for trucks to drive into them using internal ramps.
CCTV (closed-circuit television)
Roll-on/Roll-off vessels
bulk carriers
secret ballot
41. One of the documents required by a firm to become a limited company.
memorandum of association
freight forwarder
turnaround
Companies House
42. Events which are beyond the control of a carrier like war - earthquakes or floods.
market capitalization
variable cost
force majeure
retained earnings
43. The total value of all the outstanding shares of a publicly-traded company.
stalking
market capitalization
bulk cargo
platform
44. Series of questions designed to gather information on a certain topic.
survey
risk
valve
identity theft
45. The times of highest demand for a product or service.
peak times
accommodation
life cycle
corporation
46. Documents used to procure freight and express transportation and services from commercial carriers.
electronic trail
invasion of privacy
Bill of Lading
pallet
47. The right to say what you want without anyone stopping you.
freighters
freedom of speech
barrel (BBL)
consensus
48. Net profits divided by net worth or total equity.
return on investment
due diligence
accounts payable
stakeholder
49. The added value a brand name identity brings to a product or service.
brand equity
financial privacy
freight forwarder
goodwill
50. A standard used to compare some aspect of a business to an external measure.
possibilities
bulk carriers
invention
benchmark