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






2. Officials formally appointed to run and represent a company.






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






4. Estimated Time of Arrival.






5. A company where the owners are personally liable for the debts of the company.






6. Bills to be paid as part of the normal course of business.






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






8. Ships fitted with tanks to carry liquid or gas cargoes.






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






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






11. 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.






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






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






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






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






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






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






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






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






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






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






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






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






24. The first time a company offers its shares to the public.






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






26. A portion - piece or segment of something that is representative of the whole.






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






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






29. Debts; money that must be paid.






30. A vessel sailing between specific ports on a regular basis.






31. The time it takes between the arrival of a vessel or aircraft and its departure.






32. The ability to develop new ideas.






33. To unload and distribute some or all the contents of a rail car - container or trailer.






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






35. A delivery which is currently between its source and destination.






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






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






38. The granting of power to perform various acts or duties.






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






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






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






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






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






44. 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.






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






46. The benefit of larger scale production where costs are spread over more units which lowers the average unit cost.






47. Part of the Bill of Rights which provides people with the right to be secure in their persons - houses - papers etc.






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






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






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