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






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






3. 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.






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






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






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






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






8. A new scientific or technical idea.






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






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






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






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






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






14. A person who is involved in a situation in addition to the two main participants.






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






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






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






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






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






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






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






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






23. The ability to develop new ideas.






24. Written description of how something should be done.






25. Estimated Time of Arrival.






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






27. A name - term - sign - symbol - design or combination of these used to uniquely identify a producer's goods.






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






29. An agreement that regulates the rights and obligations of shareholders.






30. Series of questions designed to gather information on a certain topic.






31. A response or reaction to a piece of information.






32. A demanding or stimulating situation.






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






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






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






36. Things which are likely or feasible.






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






38. Sales divided by total assets.






39. The characteristic of a measurement regarding how precise it is.






40. List of goods in a store or warehouse.






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






42. Positions customer's relative perceptions of one brand in comparison to other competitive alternatives.






43. Earnings Before Interest - Taxes - Depreciation and Amortization.






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






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






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






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






48. Activities including product - method of distribution - method of advertising which all affect how a product is marketing.






49. The planning - implementation and control of flow and storage of goods.






50. Finding out or ascertaining something previously unknown.