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






2. Letting a third-party company take care of your logistics for you.






3. When someone breaks your right to privacy.






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






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






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






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






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






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






10. A new scientific or technical idea.






11. 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.






12. Finding out or ascertaining something previously unknown.






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






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






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






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






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






18. Cargo ships not specialised in one type of cargo unlike a full containership.






19. 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.






20. A flexible tube used to transport liquids or gas.






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






22. The fraudulent use of someone's identity in order to steal money or get other benefits.






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






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






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






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






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






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






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






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






31. The complete range of a company's offerings including products and services.






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






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






34. The relationship between technology and the legal right to privacy in the collection and sharing of data about oneself.






35. A voting system where each vote is kept private.






36. A small hotel or private house that rents out rooms to sleep in - including breakfast - at reasonable prices.






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






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






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






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






41. Earnings Before Interest and Taxes.






42. A person who is on the managing board of a business.






43. Written description of how something should be done.






44. A form of company which has a separate legal identity and limited liabilities.






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






46. To decide that an agreed appointment or booking will not take place.






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






48. Compensation paid to a person on the basis of products sold.






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






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