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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. Giving people the freedom to decide things and take responsibility for themselves.
public-private partnership
NIMBY
empowerment
currency hedging
2. The total sum of a nation's outstanding debt.
national debt
sustainable
tax revenue
entrepreneurship
3. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
stockroom
barter
EDI
core products
4. The right to live in a home on a long-term tenancy.
infringement
leasehold
capital spending
supplier
5. A person or organization which receives money from a charity.
product differentiation
beneficiary
employee
protectionism
6. Buying currency options that fix exchange rates for a period of time.
customs
tariff
duty
currency hedging
7. 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.
capital spending
central business district
balance of payments
governance
8. Business wholly owned by its employees with the emphasis on group decision making.
depth of assortment
niche strategy
cooperative
store
9. The money a state earns via taxation.
market penetration
bulk discount
tax revenue
FDI
10. A company's main products - e.g. Opel's core product is cars.
core products
over the counter drug
recession
speciality store
11. A voluntary sector or charity sector organization.
negative equity
not-for-profit
inventory management
RPI
12. Value of the entire company as expressed by its market capitalization.
loyalty card
NAFTA
shareholder value
supply chain
13. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
intellectual property
AAA
megamall
chain
14. Process of communicating back and forth until an agreement has been reached.
restrictive economic policies
subsidy
factors of production
negotiation
15. Statement of policy issued by a government which may form the basis of a future law.
discretionary income
loyalty card
White paper
poverty line
16. An enormous planned shopping centre with hundreds of stores under one roof.
NIMBY
target market
megamall
intellectual property
17. When governments try to stabilize economic activities by funding major projects from budget deficits.
chain
not-for-profit
product differentiation
deficit spending
18. A shop or store.
currency hedging
balance of payments
retail outlet
product differentiation
19. A country's exports minus its imports.
niche strategy
balance of trade
quota
store
20. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
NAFTA
boom
inventory
Maastricht Treaty
21. A tax imposed on imports by the customs authority of a country.
sustainability
foreign exchange
self-service
duty
22. An economic sanction that forbids the import of a specific product or all products from a specific country.
copyright
negative equity
societal
embargo
23. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
niche strategy
GDP
sanctions
embargo
24. The percentage of people who do not have a job.
department store
TUC
unemployment rate
sustainable development
25. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
EPOS
counterfeit
export controls
trade surplus
26. A self-service food store with grocery - meat and produce departments.
statutory
till
duty
supermarket
27. The area of the economy that produces goods and provides services.
business sector
EDI
benchmarking
current account
28. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
stockroom
shopping centre
NGOs
direct selling
29. The rate of interest at which US banks lend money to their best corporate customers.
budget deficit
franchising
stock turnover
prime rate
30. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.
customs
chain
mission statement
outsourcing
31. The Federal Reserve - the US central banking system.
benchmarking
Fed
store loyalty
barter
32. When the imports into a country exceed the exports going out of a country.
blight
trade deficit
outsourcing
barter
33. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
customs
otc drug
FMCG
target market
34. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
diversity
downswing
convenience store
discretionary income
35. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.
statutory
franchising
BPI
AAA
36. The hub of retailing in a city - where the most office buildings and retail stores are.
household sector
infringement
central business district
EDI
37. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
store loyalty
tax haven
depression
Green paper
38. A large - long-term loan taken out to pay for a house.
consumer non-durables
competitive
blight
mortgage
39. A way of measuring performance by comparing a company to similar ones.
debit-card system
target market
BPI
benchmarking
40. An area of land which has never been built on.
greenfield site
impulse purchase
negative equity
target market
41. The resources used to produce goods and services - including land - labour - business and capital.
factors of production
target market
central business district
fiscal policies
42. The legal right of the owner of a work over its control and distribution.
copyright
customer
capital spending
department store
43. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
dead stock
core products
loyalty card
budget deficit
44. The checking - ordering & processing of stock levels.
mission statement
tariff
Maastricht Treaty
inventory management
45. When the amount borrowed to pay for a home is now more than the property is actually worth.
FMCG
social stratification
real GDP
negative equity
46. Volunteer organization for young - disadvantaged Americans.
Americorps
grease payments
fiscal policies
chain
47. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
barter
Nominal GDP
monetary policies
real GDP
48. An individual or company buying from someone.
CPI
customer
manufacturing
subsidy
49. The number of times during a period a business sells its inventory and replaces it.
automatic reordering system
convenience store
inventory turnover
processing
50. Patterns of relationships between different groups of society.
blight
social structure
upswing
producer goods