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Business English Exercises
 

Starting a Business

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 117
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starting a business answer 1
When deciding on which form of business will best serve your purposes, you should take into account the time commitment necessary to handle regulations and formalities.

Correct answer: (a) commitment

Meaning of business term commitment
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501 Business English Exercises — Printable, photocopiable.
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starting a business answer 2
The need for funding is one of the first concerns for any new business, and unless you have the personal assets or can tap into friends, family or your bank, you will be seeking investors.

Correct answer: (b) tap into

Meaning of business term tap into
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starting a business answer 3
Determining not only the type of business you are starting, but the type of customers you will attract and the manner in which you will attract them should also be factored into your decision making process.

Correct answer: (b) factored

Meaning of business term factored
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starting a business answer 4
The potential for liability from customer relationships or interaction impacts heavily on your liability risk.

Correct answer: (a) impacts

Meaning of business term impacts
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starting a business answer 5
For example, someone with a business that sells goods via the Internet or through mail order is less likely to garner lawsuits than someone who owns physical store locations, where customer foot traffic (and potential injuries) could result.

Correct answer: (a) garner

Meaning of business term garner
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starting a business answer 6
It will also be assumed that a professional business such as a law firm or accounting practice will have greater assets, making them greater targets in a litigious society.

Correct answer: (d) litigious

Meaning of business term litigious
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starting a business answer 7
Someone who has already had previous business success and has significant assets from a previous business venture would also want to protect those assets closely.

Correct answer: (a) closely

Meaning of business term closely
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starting a business answer 8
Apathy can come back to haunt a successful entrepreneur; plan ahead.

Correct answer: (a) haunt

Meaning of business term haunt
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starting a business answer 9
It is wise to sit down with both an attorney and an accountant and discuss the details of the business that you are planning to start and where you see it going in five or ten years.

Correct answer: (d) sit down

Meaning of business term sit down
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starting a business answer 10
Cover all the bases, including liabilities, taxes, employee benefits and the need for investors, before making your decision.

Correct answer: (a) Cover

Meaning of business term Cover
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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
You will be exposed to a wealth of authentic sample sentences that include a great variety of themes. This compact Business English Test Package is the only printable English test collection currently available on the Internet. It contains 501 Business English Exercises (10 questions per test plus answer keys).  Get your unique Business English Practice Exercises now!

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