Do you know these 10 business- and job-related terms? Take the quiz to find out!
Answer the questions, then click the blue “Get Results” button at the end to check your answers and read the explanations.
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Business Vocabulary Quiz
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The car company is ______________ its latest model due to a defective electrical system.
Question 1 Explanation:
If a company "recalls" a product, it means it is asking customers to send the product back - usually because of a defect or a potential safety problem.
We're trying to decrease the manufacturing costs in order to get a better profit ___________ on this product.
Question 2 Explanation:
The "profit margin" is the difference between the cost to produce a product and the price at which the product is sold to customers.
Don't worry about the cost of meals on a business trip; the company will ____________ you for them.
Question 3 Explanation:
To "reimburse" someone means to pay/compensate him/her for money that person spent.
An education company and a technology company are discussing a possible joint ____________: creating an app to help people learn.
Question 4 Explanation:
A "joint venture" is a collaborative project between two companies.
The board of directors voted ______________ to change the policy. Everyone was in agreement.
Question 5 Explanation:
If a group decision is "unanimous," it means everyone in the group had the same opinion/choice.
Some companies visit universities and try to ___________ the most promising students to work there after graduation.
Question 6 Explanation:
To "recruit" someone means to try to convince the person to join a company or group.
The dress ____________ at my job doesn't allow us to wear sleeveless shirts.
Question 7 Explanation:
Many companies (and sometimes schools) have a "dress code" - a set of rules that defines what employees/students may and may not wear.
Let's both gather some information, and we can ___________ tomorrow afternoon.
keep in touch
touch and go
Question 8 Explanation:
To "touch base" with someone means to make contact with that person, often to ask for / receive an update.
Sorry, I can't help you with that. It's not my area of _______________.
Question 9 Explanation:
An "area of expertise" is an area of great skill/knowledge.
Last month, the company couldn't pay its suppliers due to cash __________ problems.
Question 10 Explanation:
The term "cash flow" refers to the movement of money in and out of a business.
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There are 10 questions to complete.