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Test your basic knowledge |
Business English Vocab Test
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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. Usually software where the source code is made freely available for all users to change as they see fit.
unemployment rate
FMCG
trade deficit
open source
2. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
intellectual property
mission statement
questionable payments
EPOS
3. The variety of goods that a retailer sells.
stock turnover
over the counter drug
depth of assortment
checkout
4. Giving people the freedom to decide things and take responsibility for themselves.
oligopoly
trademark
empowerment
national debt
5. The amount of wealth - money - comfort etc that a particular person - group or society has.
standard of living
tax revenue
household sector
budget surplus
6. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
shelf warmer
protectionism
monetary policies
depth of assortment
7. A financial instrument that facilitates payment from one currency to another.
business cycle
stock turnover
foreign exchange
shelf warmer
8. Products that can hold their own against rival products in terms of price - features or quality.
convenience store
FMCG
competitive
customs
9. The way in which a company is controlled.
inventory
governance
customer
constructive economic policies
10. A range of many things or people that are very different from each other.
advocacy
consumer goods
urban
diversity
11. Regulations that mean permission from the government is required before certain items can be exported.
export controls
till
non-tariff barriers
debit-card system
12. Obstacles to international trade other than tariffs.
sustainable
non-tariff barriers
fiscal policies
benchmarking
13. Consumer goods that have a short life span - e.g. food or paper tissues.
core products
tariff
consumer non-durables
supermarket
14. Multiple retail units under common ownership.
copyright
chain
competitive
infringement
15. Economic policies designed to support business and help it expand.
GDP
BPI
constructive economic policies
RPI
16. Involving the use of natural resources and energy in a way that does not harm the environment.
manufacturing
compliance
sustainable
intellectual property
17. Items in a store which have not sold for a longer period of time.
dead stock
Maastricht Treaty
vending machine
export controls
18. An enormous planned shopping centre with hundreds of stores under one roof.
automatic reordering system
megamall
shelf warmer
allocation
19. Process of communicating back and forth until an agreement has been reached.
EPOS
negotiation
inventory
oligopoly
20. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
real GDP
myopic perspective
quota
aggregate demand
21. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
FMCG
embargo
BPI
trade surplus
22. Relating to cities or built up areas - not the countryside.
stockroom
AAA
tax revenue
urban
23. When the exports a country makes exceed the imports.
depression
market skimming
megamall
trade surplus
24. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
OECD
retail outlet
customs
self-service
25. Trade Union Congress.
TUC
customer
advertising
mortgage
26. The percentage of a household's income that is saved.
AAA
target market
savings rate
customs
27. The amount of money a person has left after paying taxes and buying necessities.
downswing
processing
discretionary income
empowerment
28. Something that is required by law.
protectionism
infringement
store
statutory
29. A consultation document that sets out the government's position on a certain issue.
entrepreneurship
supply chain
trademark
Green paper
30. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
grease payments
infringement
bulk discount
protectionism
31. The total amount of money in circulation in a country.
greenbelt
NAFTA
business cycle
money supply
32. Shows the flows of money into and out of a country plus transfer payments.
chain
tariff
balance of payments
convenience store
33. Machine for processing sales - taking payments - giving change. Also know as a cash register.
till
blight
standard of living
export controls
34. How companies try to show their products as being different from those of their rivals.
trade deficit
product differentiation
governance
outsourcing
35. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
inventory management
statutory
Americorps
automatic reordering system
36. Distribution of anything for use - including time or money.
volunteer
tariff
allocation
household sector
37. The money a state earns via taxation.
tax revenue
market penetration
trademark
investment
38. A shop or store.
inventory management
retail outlet
variety store
copyright
39. The checking - ordering & processing of stock levels.
RPI
consumer non-durables
impulse purchase
inventory management
40. A company's main products - e.g. Opel's core product is cars.
stockroom
unemployment rate
NAFTA
core products
41. Sets of specific restraints imposed by governments on international trade.
factors of production
sanctions
AFL/CIO
business sector
42. System in which good or services are exchanged for other goods or services rather than cash.
NGOs
discretionary income
barter
central business district
43. 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.
governance
markdown
capital spending
money supply
44. The difference between merchandise costs and retail selling price.
CBD
customer
budget deficit
markup
45. A collection of shops under one roof with a shared entrance and food area.
stockroom
sustainability
new capital investment
shopping centre
46. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
EPOS
NGOs
dead stock
producer goods
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.
fiscal policies
standard of living
investment
employee
48. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
idle capacity
protectionism
Green paper
market penetration
49. Items which a shop has and are available to buy.
in-stock
processing
business sector
store loyalty
50. An imitation of a product made with the intent to defraud a customer.
counterfeit
new capital investment
governance
depth of assortment
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