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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. An extremely adverse environmental condition.
Fed
supplier
blight
negotiation
2. Exclusive ownership of a property for an indefinite period of time.
investment
discontinued
impulse purchase
freehold
3. An item which is no longer produced by a manufacturer or sold by a retailer.
Maastricht Treaty
discontinued
grease payments
shelf warmer
4. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?
PPP
consumer durables
CBD
NGOs
5. A large retail unit selling a wide variety of goods in separate departments.
RPI
consumer goods
department store
blight
6. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
myopic perspective
beneficiary
AAA
supplier
7. Payments made like a bribe to encourage an official to allow something or get something done.
grease payments
aggregate demand
central business district
poverty line
8. The buying and selling of government securities by a central bank in order to control the money supply.
producer goods
open-market operations
supplier
non-tariff barriers
9. The sum of money invested in new or additional equipment.
currency hedging
new capital investment
leasehold
tariff
10. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
niche strategy
White paper
counterfeit
sustainability
11. A minimum income level below which people are officially poor.
business cycle
household sector
poverty line
budget deficit
12. A period of shrinking economic activity.
sanctions
idle capacity
downswing
central business district
13. Shows the flows of money into and out of a country plus transfer payments.
customer
balance of payments
Maastricht Treaty
debit-card system
14. Goods bought and used by companies - such as machines. Also known as capital goods.
producer goods
inventory shrinkage
department store
retail outlet
15. Something which is a copy or imitation.
fake
customer
factors of production
supplier
16. How companies try to show their products as being different from those of their rivals.
savings rate
household sector
prime rate
product differentiation
17. Items which a shop has and are available to buy.
in-stock
grease payments
markdown
allocation
18. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
sustainability
unemployment rate
advertising
customer
19. A period of very high economic activity.
economic growth
boom
tax haven
monopoly
20. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
convenience store
market penetration
FDI
allocation
21. A period of economic expansion.
product differentiation
monetary policies
AAA
upswing
22. A consultation document that sets out the government's position on a certain issue.
compliance
deficit spending
Green paper
store loyalty
23. Items in a store which have not sold for a longer period of time.
tariff barriers
checkout
dead stock
deficit spending
24. Machine for processing sales - taking payments - giving change. Also know as a cash register.
till
questionable payments
convenience store
inventory shrinkage
25. Confederation of British Industry
budget surplus
variety store
store loyalty
CBI
26. System in which good or services are exchanged for other goods or services rather than cash.
dead stock
consumer non-durables
tax revenue
barter
27. A small owner-operated store serving a local community.
speciality store
mom-and-pop store
export controls
volunteer
28. A shop or store.
retail outlet
White paper
dead stock
budget surplus
29. Products that can hold their own against rival products in terms of price - features or quality.
counterfeit
sustainable
competitive
budget deficit
30. Sets of specific restraints imposed by governments on international trade.
sanctions
reduced
fiscal policies
standard of living
31. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.
product differentiation
Americorps
stakeholder
customs
32. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
over the counter drug
poverty line
product differentiation
dealer brands
33. The Federal Reserve - the US central banking system.
megamall
money supply
unemployment rate
Fed
34. A large - long-term loan taken out to pay for a house.
NAFTA
speciality store
mortgage
CBI
35. A person or company from whom goods or services are bought.
TUC
fiscal policies
supplier
tariff
36. The skills and knowledge needed to start and run a company.
entrepreneurship
tariff barriers
supply chain
customer
37. An imitation of a product made with the intent to defraud a customer.
counterfeit
Nominal GDP
new capital investment
subsidy
38. The violation of a law or right.
infringement
monopoly
counterfeit
EPOS
39. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
AAA
currency hedging
consumer non-durables
entrepreneurship
40. An area of land which has never been built on.
governance
dead stock
intellectual property
greenfield site
41. The support of a cause.
chain
advocacy
supply chain
OECD
42. Connected with society and the way it is organized.
bulk discount
product differentiation
societal
advertising
43. Buying currency options that fix exchange rates for a period of time.
currency hedging
BPI
poverty line
questionable payments
44. Relating to cities or built up areas - not the countryside.
urban
speciality store
shareholder value
franchising
45. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.
vending machine
budget deficit
beneficiary
upswing
46. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
diversity
idle capacity
protectionism
freehold
47. Economic policies that use taxation to correct the course of the economy e.g. lowering sales tax to encourage spending or raising interest rates to encourage saving.
monetary policies
NIMBY
upswing
fiscal policies
48. The total sum of goods and services in demand.
unemployment rate
freehold
aggregate demand
negative equity
49. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.
franchising
current account
tax revenue
mom-and-pop store
50. The right to live in a home on a long-term tenancy.
inventory management
not-for-profit
leasehold
CBD