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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. System where goods are produced as and when they are needed rather than producing items in advance and storing them in a warehouse.






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






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






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






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






6. Useable or acceptable.






7. Steps taken in advance to avoid an accident happening.






8. The right to privacy and control of your information on the internet.






9. Damage or hurt experienced by a person or animal.






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






11. Written description of how something should be done.






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






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






14. Finding out or ascertaining something previously unknown.






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






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






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






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






19. Expenses arising during normal business operations.






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






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






22. 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.






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






24. Documents used to procure freight and express transportation and services from commercial carriers.






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






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






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






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






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






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






31. Cargo which is transported by plane.






32. When a person or group infringes on your rights such as freedom of movement or freedom of speech.






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






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






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






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






37. The total value of all the outstanding shares of a publicly-traded company.






38. 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.






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






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






41. A short statement describing the main objectives and aims of a business.






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






43. Cargo which is booked but does not arrive in time to be loaded onto a vessel.






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






45. List of goods in a store or warehouse.






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






47. 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.






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






49. A telephone call requested at a certain time to wake someone up.






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






Can you answer 50 questions in 15 minutes?



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