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






2. 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.






3. One of the documents required by a firm to become a limited company.






4. A process of verifying all information about a company including but not limited to financials - management - market share and risks.






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






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






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






8. Useable or acceptable.






9. A systematic - independent examination of whether a company's quality procedures are being followed and goals being achieved or not.






10. Written description of how something should be done.






11. Things which are likely or feasible.






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






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






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






15. The ability to develop new ideas.






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






17. An investment contributed at the early stages of a new venture.






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






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






20. Raised flat area beside a train track for entering or exiting a train.






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






22. A wealthy person who invests in a start-up company.






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






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






25. When all members of a group agree to support a decision even if they don't agree with it.






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






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






28. Protective helmet worn on building sites etc. to prevent injuries to the head.






29. A new scientific or technical idea.






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






31. A rectangluar piece of luggage for carrying clothes.






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






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






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






35. The science of making sure people and machines work together as well as possible.






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






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






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

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






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






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






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






43. Finding out or ascertaining something previously unknown.






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






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






46. List of goods in a store or warehouse.






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






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






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






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