Business Vocabulary Quiz

Do you know these 10 business- and job-related terms? Take the quiz to find out!

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Business Vocabulary Quiz

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Question 1
The car company is ______________ its latest model due to a defective electrical system.
A
recalling
B
repealing
C
resisting
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.
Question 2
We're trying to decrease the manufacturing costs in order to get a better profit ___________ on this product.
A
limit
B
margin
C
surplus
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.
Question 3
Don't worry about the cost of meals on a business trip; the company will ____________ you for them.
A
recognize
B
reimburse
C
restore
Question 3 Explanation: 
To "reimburse" someone means to pay/compensate him/her for money that person spent.
Question 4
An education company and a technology company are discussing a possible joint ____________: creating an app to help people learn.
A
voyage
B
venue
C
venture
Question 4 Explanation: 
A "joint venture" is a collaborative project between two companies.
Question 5
The board of directors voted ______________ to change the policy. Everyone was in agreement.
A
anonymously
B
inflexibly
C
unanimously
Question 5 Explanation: 
If a group decision is "unanimous," it means everyone in the group had the same opinion/choice.
Question 6
Some companies visit universities and try to ___________ the most promising students to work there after graduation.
A
absorb
B
convert
C
recruit
Question 6 Explanation: 
To "recruit" someone means to try to convince the person to join a company or group.
Question 7
The dress ____________ at my job doesn't allow us to wear sleeveless shirts.
A
code
B
rule
C
trend
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.
Question 8
Let's both gather some information, and we can ___________ tomorrow afternoon.
A
keep in touch
B
touch and go
C
touch base
Question 8 Explanation: 
To "touch base" with someone means to make contact with that person, often to ask for / receive an update.
Question 9
Sorry, I can't help you with that. It's not my area of _______________.
A
competence
B
excellence
C
expertise
Question 9 Explanation: 
An "area of expertise" is an area of great skill/knowledge.
Question 10
Last month, the company couldn't pay its suppliers due to cash __________ problems.
A
flood
B
flow
C
flux
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.

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