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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. When a customer regularly uses a store they know - like and trust.
over the counter drug
store loyalty
niche strategy
bulk discount
2. Machine for processing sales - giving change in a shop or restaurant.
TUC
entrepreneurship
idle capacity
checkout
3. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
customer
bulk discount
dealer brands
inventory
4. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
variety store
aggregate demand
Green paper
copycat
5. When a company reduces their output during a recession they have excess or idle capacity.
till
idle capacity
shelf warmer
franchising
6. When a small number of companies control a certain market.
Green paper
balance of trade
CBD
oligopoly
7. The right to live in a home on a long-term tenancy.
benchmarking
public-private partnership
leasehold
central business district
8. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
tax haven
debit-card system
trademark
convenience store
9. The system of organizations involved in moving a product from manufacturer to customer.
supply chain
balance of payments
monopoly
real GDP
10. The legal right of the owner of a work over its control and distribution.
tariff
copyright
employee
freehold
11. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
oligopoly
store
myopic perspective
sanctions
12. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
customs
inventory
over the counter drug
otc drug
13. Something which is a copy or imitation.
reduced
variety store
fake
customs
14. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
depression
outsourcing
shopping centre
Nominal GDP
15. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
self-service
constructive economic policies
counterfeit
grease payments
16. Something that is required by law.
statutory
department store
inventory management
dead stock
17. American Federation of Labour / Association of Industrial Organizations
AFL/CIO
EPOS
trade deficit
BPI
18. Exclusive ownership of a property for an indefinite period of time.
mission statement
freehold
shopping centre
WTO
19. The total sum of a nation's outstanding debt.
national debt
not-for-profit
aggregate demand
non-tariff barriers
20. An individual or company buying from someone.
monetary policies
Americorps
intellectual property
customer
21. The total sum of goods and services in demand.
statutory
aggregate demand
supplier
societal
22. The customer group a retailer wants to attract and satisfy.
economic growth
target market
stockroom
tax revenue
23. Shows the flows of money into and out of a country plus transfer payments.
shareholder
currency hedging
balance of payments
consumer goods
24. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
shelf warmer
NIMBY
supply chain
allocation
25. 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
currency hedging
business sector
inventory
26. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
inventory
benchmarking
BPI
market skimming
27. The percentage of people who do not have a job.
standard of living
chain
consumer non-durables
unemployment rate
28. An extremely adverse environmental condition.
speciality store
blight
restrictive economic policies
copyright
29. Trade Union Congress.
poverty line
stockroom
sustainable development
TUC
30. 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
supply chain
convenience store
automatic reordering system
31. Someone who does something without being paid for it - e.g. working for a charity.
intellectual property
volunteer
variety store
bulk discount
32. Consumer goods that have a short life span - e.g. food or paper tissues.
consumer non-durables
producer goods
duty
in-stock
33. When the amount borrowed to pay for a home is now more than the property is actually worth.
negative equity
intellectual property
sanctions
social stratification
34. Volunteer organization for young - disadvantaged Americans.
copyright
discretionary income
stakeholder
Americorps
35. The different layers within a society e.g. class - income - education.
fiscal policies
processing
sustainable
social stratification
36. Consumer goods that have a long life span - e.g. furniture.
social structure
chain
public-private partnership
consumer durables
37. 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.
customs
deficit spending
NGOs
Maastricht Treaty
38. Regular fluctuations in overall economic activity over time.
OECD
greenfield site
business cycle
sanctions
39. Connected with society and the way it is organized.
sustainable
reduced
societal
department store
40. The amount of money a person has left after paying taxes and buying necessities.
quota
discretionary income
NGOs
monetary policies
41. The resources used to produce goods and services - including land - labour - business and capital.
factors of production
producer goods
AFL/CIO
non-tariff barriers
42. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
restrictive economic policies
public-private partnership
EDI
duty
43. The Federal Reserve - the US central banking system.
producer goods
public-private partnership
oligopoly
Fed
44. When a private company provides a public service in agreement with a government or council.
business cycle
sanctions
copyright
public-private partnership
45. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
supplier
boom
product differentiation
WTO
46. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
economic growth
stock turnover
CPI
advertising
47. When the imports into a country exceed the exports going out of a country.
manufacturing
upswing
idle capacity
trade deficit
48. An area of land which has never been built on.
new capital investment
market skimming
impulse purchase
greenfield site
49. When governments try to stabilize economic activities by funding major projects from budget deficits.
deficit spending
AAA
open-market operations
beneficiary
50. A period where there is little economic activity - high unemployment and much poverty.
stock turnover
depression
direct selling
automatic reordering system