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






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






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






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






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






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






7. Electronic records of phone calls - bank transactions etc which paint a picture of what a person did - where and when.






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






9. Metal rails along which a train travels.






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






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






12. Forty-Foot Equivalent Units - a standard size for shipping containers.






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






14. Service taking cargo from a regional port or airport to a central hub for a long-haul voyage.






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






16. Events which are beyond the control of a carrier like war - earthquakes or floods.






17. Debts; money that must be paid.






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






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






20. Abbreviation for a standardized container - Twenty-foot equivalent unit.






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






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






23. Net profits divided by net worth or total equity.






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






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






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






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






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






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






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






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






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






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






34. A standard used to compare some aspect of a business to an external measure.






35. Information officially declared secret - such as classified documents or material that are available only to particular people.






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






37. Expenses arising during normal business operations.






38. A statisitical measure of how well a company is doing in a certain area.






39. Finding out or ascertaining something previously unknown.






40. A machine used to pick up and transport goods loaded on pallets.






41. In a business plan this is the change in the cash balance.






42. The ability to develop new ideas.






43. The examination and evaluation of something.






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






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






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






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






48. The times of highest demand for a product or service.






49. The truck unit onto which freight in a container is loaded.






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