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English Grammar Exercises
 

Real Life: Business Jargon (1)

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Home > Free English Tests for ESL/EFL > English Language Proficiency Test, Advanced Level # 149
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When deciding to form a partnership with another company, it is important to ascertain if the company you want to partner with is a good strategic fit with your own company. If the partnership won't align your business with its goals, it may not be a good choice.

Correct answer: (b) strategic

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Businesses sometimes form partnerships or assign teams to complete projects to capture the effects of synergy; where the end result is greater than the sum of its parts.

Correct answer: (a) synergy

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American management is very results driven. Managers like to evaluate employees based on quantitative measures designed to measure the accomplishment of specific goals.

Correct answer: (d) results

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One of the first steps in implementing a total-quality management system is conducting a review of all of a business's activities to ensure that the activities that don't add value are eliminated and those that are value-added are improved.

Correct answer: (b) added

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Businesses try to eliminate redundancies in their research and development activities because it is very expensive to reinvent the wheel these days.

Correct answer: (d) wheel

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Due, in part, to the many cases of accounting fraud in the early 2000's, investors, government entities and non-governmental organizations are asking businesses for a greater degree of transparency in their business operations.

Correct answer: (d) transparency

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With today's current focus on sustainability, businesses who are going green are experiencing a great degree of commercial success.

Correct answer: (b) green

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Today's business environment requires companies to be good corporate citizens as well as be profitable.

Correct answer: (d) citizens

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Businesses may be able to obtain a competitive advantage over others by transferring best practices from where they originated within an organization to each part and each location of their business operations.

Correct answer: (b) practices

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Today's management theories indicate that if a firm wants to remain competitive in today's environment, it should focus on its core competencies in other words things it does better than its competitors and outsource any operations that others do better.

Correct answer: (a) competencies

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American management is very results driven

 

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