SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
Test your basic knowledge |
Business English Vocab Test
Start Test
Study First
Subjects
:
business-skills
,
english
,
vocabulary
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. When the amount borrowed to pay for a home is now more than the property is actually worth.
negative equity
GDP
fiscal policies
freehold
2. When a private company provides a public service in agreement with a government or council.
sanctions
public-private partnership
shareholder value
money supply
3. Economic policies designed to support business and help it expand.
competitive
benchmarking
constructive economic policies
business sector
4. How companies try to show their products as being different from those of their rivals.
otc drug
inventory shrinkage
product differentiation
shareholder value
5. A way of measuring performance by comparing a company to similar ones.
manufacturing
benchmarking
NGOs
product differentiation
6. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
negotiation
market penetration
tax haven
discontinued
7. A person or company from whom goods or services are bought.
over the counter drug
oligopoly
supplier
blight
8. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
subsidy
TUC
franchising
quota
9. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
EPOS
tax haven
CPI
export controls
10. The customer group a retailer wants to attract and satisfy.
central business district
social stratification
target market
governance
11. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
dead stock
leasehold
EPOS
export controls
12. Items in a store which have not sold for a longer period of time.
dead stock
new capital investment
outsourcing
oligopoly
13. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
Maastricht Treaty
otc drug
direct selling
household sector
14. Consumer goods that have a short life span - e.g. food or paper tissues.
checkout
embargo
consumer non-durables
CBD
15. Development which can be done without harming the environment or natural resources.
sustainable development
upswing
business sector
direct selling
16. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
GDP
capital spending
loyalty card
width of assortment
17. A consultation document that sets out the government's position on a certain issue.
Green paper
downswing
shelf warmer
market skimming
18. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.
boom
otc drug
capital spending
myopic perspective
19. When a price has been cut.
dealer brands
AFL/CIO
vending machine
reduced
20. Giving people the freedom to decide things and take responsibility for themselves.
empowerment
mortgage
tariff
open source
21. Someone who does something without being paid for it - e.g. working for a charity.
idle capacity
volunteer
Green paper
currency hedging
22. Something which is a copy or imitation.
not-for-profit
fake
retail outlet
money supply
23. Focusing on a more specific line of products or services in comparison to competitors.
business sector
not-for-profit
niche strategy
investment
24. Something that is bought without being planned for.
impulse purchase
stock turnover
processing
trade deficit
25. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
Green paper
NGOs
national debt
aggregate demand
26. A storeroom where items which cannot be put on display are stored.
stockroom
vending machine
real GDP
negotiation
27. Economic policies that use money e.g. interest rates or money supply as the major instruments.
FDI
NIMBY
monetary policies
advocacy
28. Involving the use of natural resources and energy in a way that does not harm the environment.
sustainable
supermarket
budget deficit
blight
29. A reduction in the selling price of an item in order to increase sales.
infringement
markdown
diversity
mom-and-pop store
30. The total amount of money in circulation in a country.
unemployment rate
advocacy
till
money supply
31. A medicine which is available without first getting a prescription from a doctor.
advertising
over the counter drug
not-for-profit
myopic perspective
32. A period of economic expansion.
constructive economic policies
trade surplus
upswing
counterfeit
33. American Federation of Labour / Association of Industrial Organizations
AFL/CIO
width of assortment
loyalty card
bulk discount
34. Products that can hold their own against rival products in terms of price - features or quality.
money supply
cooperative
White paper
competitive
35. Regular fluctuations in overall economic activity over time.
fake
non-tariff barriers
upswing
business cycle
36. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
megamall
variety store
sustainability
GDP
37. The resources used to produce goods and services - including land - labour - business and capital.
capital spending
governance
factors of production
beneficiary
38. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
discontinued
export controls
NIMBY
tariff
39. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
downswing
WTO
currency hedging
self-service
40. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
stakeholder
beneficiary
outsourcing
stock turnover
41. Confederation of British Industry
infringement
consumer non-durables
chain
CBI
42. Goods bought and used by companies - such as machines. Also known as capital goods.
CPI
producer goods
mission statement
infringement
43. The hub of retailing in a city - where the most office buildings and retail stores are.
width of assortment
idle capacity
central business district
advocacy
44. A collection of shops under one roof with a shared entrance and food area.
intellectual property
variety store
shopping centre
negative equity
45. Buying currency options that fix exchange rates for a period of time.
boom
volunteer
currency hedging
downswing
46. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
investment
protectionism
recession
variety store
47. The number of times during a period a business sells its inventory and replaces it.
inventory turnover
depth of assortment
RPI
grease payments
48. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
advocacy
Fed
questionable payments
checkout
49. Usually software where the source code is made freely available for all users to change as they see fit.
depression
monopoly
customs
open source
50. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
monopoly
recession
debit-card system
empowerment