Planning a Business: TOEIC Practice Test Questions & Answers

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The TOEIC (Test of English for International Communication) is an English language proficiency test designed to assess the English language skills of non-native speakers in a business or professional context. The test is widely used by organizations around the world to evaluate the English language skills of job candidates, employees, and students.

The TOEIC test consists of two parts: the TOEIC Listening and Reading Test and the TOEIC Speaking and Writing Test. The TOEIC Listening and Reading Test is a paper-and-pencil test that consists of multiple-choice questions, while the TOEIC Speaking and Writing Test is a computer-based test that consists of spoken and written responses to prompts.

The test is designed to measure a wide range of English language skills, including listening comprehension, reading comprehension, speaking ability, and writing ability. Overall, the TOEIC is a widely recognized and respected English language proficiency test that is used by organizations around the world to evaluate the English language skills of non-native speakers.

Q&A Topic: Planning a Business

Launching a successful business requires careful planning, strategic thinking, and a clear vision. Whether you’re a budding entrepreneur or an experienced professional venturing into a new venture, a well-thought-out business plan serves as your roadmap to success.

Here are some questions that can help you to clear the TOEIC exam:

Q1 It is essential before starting a business to work on a plan to _________ problems later on.

(a) escape
(b) endure
(c) avoid
(d) enter

Answer: (c) avoid

Q2 The biggest _________ in business can be eliminated if you have sufficient capital to start with.

(a) scene
(b) risk
(c) encounter
(d) harm

Answer: (b) risk

Q3 Even when the economic situation is _________, there is always present the need for planning in a new business.

(a) mighty
(b) huge
(c) hefty
(d) strong

Answer: (d) strong

Q4 Whatever happens in the future there is absolutely no _________ for good market research before you launch a new product.

(a) consideration
(b) criterion
(c) substitute
(d) contemplation

Answer: (c) substitute

Q5 Your _________ concern is naturally the plan but don’t forget your capital or your premises.

(a) firstly
(b) primary
(c) primarily
(d) initially

Answer: (b) primary

Q6 When people are considering whether to loan your new business a substantial sum, they are going to _________ your potential.

(a) encompass
(b) evolve
(c) evaluate
(d) enquire

Answer: (c) evaluate

Q7 It is worthwhile _________ as much market research information as possible before you work out your plan.

(a) including
(b) snatching
(c) grabbing
(d) gathering

Answer: (d) gathering

Q8 Her next task was to have a meeting with the bank manager to _________ that she had a secure enough plan to warrant a loan.

(a) declare
(b) demonstrate
(c) state
(d) announce

Answer: (b) demonstrate

Q9 There are certain weaknesses in your plan that need to be _________ urgently if you are to succeed.

(a) affixed
(b) acquired
(c) addressed
(d) attended

Answer: (c) addressed

Q10 Since the start of the business many new ideas have _________ out of the original plan.

(a) developed
(b) shown
(c) gained
(d) built

Answer: (a) developed

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