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Business Vocabulary Assessment
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This assessment show you what Business Vocabulary level you are at and gives suggestions for you to move to the next level.
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1. budget: The company needs to create a ________ for the next fiscal year.
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a) A financial plan
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b) A type of meeting
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c) A marketing strategy
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d) An employee title
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2. revenue: The new product line significantly increased our ________.
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a) A financial report
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b) Income from sales
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c) A type of tax
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d) A business expense
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3. negotiate: We need to ________ better terms with our suppliers.
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a) To analyze market trends
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b) To create a business plan
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c) To discuss and reach an agreement
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d) To hire new staff
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4. deadline: The project ________ is set for the end of this month.
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a) A business proposal
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b) A financial loss
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c) A type of contract
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d) A time limit for completion
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5. stakeholder: As a major ________, she has a significant influence on company decisions.
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a) A financial advisor
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b) A type of investment
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c) A person with interest in a business
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d) A company executive
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6. innovate: To stay competitive, we must constantly ________ our products and services.
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a) To reduce business costs
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b) To introduce new ideas or methods
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c) To copy existing ideas
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d) To hire employees
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7. outsource: The company decided to ________ its IT support to reduce costs.
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a) To expand a business
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b) To increase production
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c) To contract work to external parties
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d) To hire internal staff
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8. leverage: We can ________ our existing customer base to launch the new service.
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a) To borrow money
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b) To use something to maximum advantage
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c) To reduce expenses
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d) To negotiate a deal
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9. optimize: The goal is to ________ our production process for maximum efficiency.
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a) To close a business
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b) To create a new product
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c) To make the best use of something
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d) To hire new employees
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10. diversify: It's important to ________ our investment portfolio to minimize risk.
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a) To focus on one product
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b) To expand into different areas
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c) To reduce staff
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d) To increase prices
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11. productivity: Implementing new technology has improved our team's ________.
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a) The rate of output per unit of input
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b) A type of business loan
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c) A marketing strategy
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d) A management style
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12. merger: The ________ between the two companies created a market leader.
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a) A business closure
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b) A new product launch
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c) A type of business tax
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d) The combination of two companies
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13. inventory: We need to conduct an ________ check at the end of each quarter.
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a) A financial report
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b) A marketing plan
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c) A list of goods in stock
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d) A type of business insurance
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14. equity: The investors received ________ in the company instead of cash payments.
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a) A type of business loan
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b) A financial loss
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c) A business expense
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d) Ownership interest in a company
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15. collateral: The bank required ________ before approving the business loan.
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a) A business plan
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b) A marketing strategy
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c) Property offered as security for a loan
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d) A type of business partnership
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16. profitability: Increasing ________ is a key goal for the coming year.
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a) A type of business tax
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b) A marketing strategy
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c) A management style
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d) The ability to generate profit
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17. liquidate: The company had to ________ its assets to pay off debts.
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a) To hire new employees
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b) To sell off assets
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c) To expand a business
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d) To create a new product line
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18. depreciation: The ________ of the equipment is calculated annually for tax purposes.
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a) An increase in stock price
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b) A type of business loan
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c) A decrease in value over time
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d) A marketing technique
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19. turnover: High employee ________ can be costly for a company.
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a) A type of business insurance
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b) A financial report
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c) A business strategy
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d) The rate at which employees leave a company
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20. franchise: They decided to open a ________ of the popular restaurant chain.
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a) A type of business loan
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b) A marketing campaign
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c) A right to market a company's products
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d) A financial audit
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21. overhead: Reducing ________ costs is crucial for improving our profit margins.
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a) A type of business tax
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b) Ongoing business expenses
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c) A management technique
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d) A sales strategy
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22. scalability: The ________ of our business model allows for rapid expansion.
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a) A type of financial report
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b) A marketing tactic
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c) A business closure method
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d) The ability to grow efficiently
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23. ROI: We need to calculate the ________ before making this investment.
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a) A type of business insurance
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b) A measure of profitability
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c) A management style
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d) A hiring process
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24. B2B: Our company specializes in ________ software solutions.
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a) A type of social media
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b) A marketing strategy for consumers
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c) Transactions between businesses
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d) A financial report
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26. procurement: The ________ department is responsible for obtaining all necessary supplies.
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a) A type of business tax
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b) A marketing campaign
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c) The process of obtaining goods or services
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d) A financial audit
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26. procurement: The ________ department is responsible for obtaining all necessary supplies.
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 a) A type of business tax
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b. A marketing campaign
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c) The process of obtaining goods or services
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d) A financial audit
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27. disruptive innovation: Their new technology was a ________ in the industry.
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a) A management conflict
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b) A financial crisis
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c) A type of business insurance
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d) An innovation that creates a new market
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28. economies of scale: Large companies often benefit from ________ in production.
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a) Cost advantages from increased production
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b) A type of stock market
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c) A financial report
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d) A marketing strategy
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29. retention: Customer ________ is crucial for long-term business success.
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a) A type of business tax
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b) A financial investment
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c) The ability to keep customers or employees
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d) A product development phase
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30. agile: We use ________ methodologies in our software development process.
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a) A type of business loan
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b) A financial report
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c) Able to move quickly and easily
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d) A marketing campaign
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31. synergy: The merger created ________ between the two companies' operations.
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a) A type of business partnership
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b) A financial loss
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c) Combined effect greater than the sum of parts
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d) A marketing strategy
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32. benchmark: We need to ________ our performance against industry standards.
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a) A standard for comparison
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b) A type of business loan
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c) A financial report
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d) A management style
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33. cash flow: Maintaining positive ________ is essential for business operations.
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a) A type of business tax
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b) A marketing campaign
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c) Movement of money in and out of a business
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d) A hiring process
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34. pivot: The startup decided to ________ to a new business model after initial failures.
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a) A type of financial report
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b) A management technique
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c) A sales tactic
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d) A fundamental change in business strategy
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35. intellectual property: Patents are a form of ________ protection.
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b) A financial investment
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c) Creations of the mind that are protected
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d) A marketing campaign
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36. due diligence: We must conduct thorough ________ before acquiring the company.
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a) A type of business tax
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b) A management style
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c) Comprehensive appraisal of a business
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d) A product development phase
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37. deductible: Business expenses are often ________ for tax purposes.
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a) A type of business loan
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c) An amount subtracted from taxable income
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d) A financial report
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38. vertical integration: The company pursued ________ by acquiring its suppliers.
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a) A type of business partnership
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b) A financial investment
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c) Control of multiple stages of production
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d) A hiring process
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39. arbitrage: Traders profit from price differences through ________.
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a) A type of business insurance
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b) A management technique
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c) Profiting from price differences
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d) A marketing campaign
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40. lean: ________ manufacturing principles help eliminate waste in production.
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a) A financial report
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b) A type of business tax
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c) Minimizing waste in production
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d) A sales strategy
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41. dividend: The company announced it would pay a ________ to shareholders.
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a) A portion of profits paid to shareholders
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b) A type of business loan
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c) A marketing campaign
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d) A management style
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42. logistics: Efficient ________ is crucial for timely product delivery.
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b) A business closure method
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c) Management of the flow of things
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d) A type of stock market
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43. prototype: Engineers developed a ________ of the new device for testing.
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a) A type of business insurance
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44. bandwidth: Our team doesn't have the ________ to take on another project right now.
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45. trademark: The company's logo is a registered ________.
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46. amortization: The loan ________ schedule spreads payments over 10 years.
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47. paradigm shift: The internet caused a ________ in how businesses operate.
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48. bottleneck: We need to identify and resolve the ________ in our production process.
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49. acquisition: The ________ of the smaller firm strengthened our market position.
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50. scalable: We need a ________ solution that can grow with our business.
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51. collusion: The companies were accused of ________ to fix prices.
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52. niche market: Our product is designed for a specific ________ within the industry.
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53. outsourcing: ________ non-core functions can help a company focus on its main business.
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54. liquidation: The company entered ________ after declaring bankruptcy.
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55. economies of scope: The conglomerate benefits from ________ across its diverse businesses.
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56. downsizing: The company is ________ to reduce costs and improve efficiency.
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57. leverage: We can ________ our existing technology to enter new markets.
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58. sunk cost: The money already spent on the project is a ________ and shouldn't affect future decisions.
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59. monopoly: The company's ________ in the market led to antitrust investigations.
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60. goodwill: The acquisition price included a significant amount for ________.
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c) The established reputation of a business
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61. bootstrapping: The startup used ________ techniques to grow without external funding.
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d) A business closure method
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62. contingency plan: We need a ________ in case the primary strategy fails.
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d) A management style
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63. embargo: The ________ on imports severely affected the country's economy.
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64. elasticity: Price ________ measures how demand changes with price fluctuations.
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65. franchisee: As a ________, you'll operate under the established brand name.
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c) One granted a franchise license
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66. incubator: The business ________ provides resources and mentorship for startups.
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67. just-in-time: ________ inventory management reduces storage costs.
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68. lobbying: The industry association engages in ________ to influence legislation.
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69. margin: We need to increase our profit ________ to improve financial performance.
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d) Difference between cost and selling price
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70. offshoring: ________ production to countries with lower labor costs can reduce expenses.
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71. price point: We need to determine the optimal ________ for our new product.
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72. quota: The sales team must meet their monthly ________ to earn bonuses.
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73. recession: The economic ________ led to widespread job losses.
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74. sustainability: Environmental ________ is becoming increasingly important in business.
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c) Ability to maintain at a certain level
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75. valuation: The company's ________ increased after reporting strong earnings.
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76. audit: The annual financial ________ is required for all public companies.
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77. breach of contract: The supplier's failure to deliver on time constituted a ________.
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78. cold calling: Many salespeople use ________ to reach potential new customers.
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d) Unsolicited calls to potential customers
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79. demand: Consumer ________ for our product has increased significantly.
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80. equity: The investors received ________ in exchange for their capital investment.
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81. fixed cost: Rent is typically a ________ for businesses.
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82. gross profit: ________ is calculated by subtracting the cost of goods sold from revenue.
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83. hostile takeover: The larger company initiated a ________ by buying a controlling stake.
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84. inflation: Rising ________ can erode the purchasing power of consumers.
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85. joint venture: The two companies formed a ________ to enter the new market.
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86. KPI: We use several ________ to measure our business performance.
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87. liability: The company must account for all its assets and ________ in financial statements.
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88. market share: Our goal is to increase our ________ by 5% this year.
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89. net profit: After deducting all expenses, the ________ shows the true earnings of the company.
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90. overheads: Reducing ________ can significantly improve a company's bottom line.
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91. portfolio: A diversified investment ________ can help manage risk.
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92. quantitative easing: The central bank implemented ________ to stimulate the economy.
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93. ROI: We calculate the ________ to determine if an investment is worthwhile.
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94. supply chain: Efficient management of the ________ is crucial for timely product delivery.
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95. tariff: The government imposed a new ________ on imported steel.
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96. underwriting: The bank provides ________ services for new stock offerings.
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97. venture capital: The startup secured ________ funding to support its rapid growth.
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98. working capital: Adequate ________ is essential for day-to-day business operations.
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99. yield: The bond's ________ is attracting many investors.
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100. zero-sum game: In a ________, one party's gain is exactly balanced by another party's loss.
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