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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. The percentage of people who do not have a job.
unemployment rate
protectionism
market skimming
Maastricht Treaty
2. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.
sustainability
shelf warmer
convenience store
franchising
3. Items sold in a store during a certain period measuring in number of units or value.
foreign exchange
speciality store
stock turnover
manufacturing
4. Consumer goods that have a short life span - e.g. food or paper tissues.
consumer non-durables
bulk discount
markup
sustainable
5. Something which is a copy or imitation.
fake
inventory shrinkage
inventory management
recession
6. 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.
mission statement
infringement
Maastricht Treaty
consumer non-durables
7. 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
manufacturing
depression
export controls
8. Machine for processing sales - giving change in a shop or restaurant.
advertising
checkout
allocation
inventory shrinkage
9. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
dead stock
manufacturing
WTO
upswing
10. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
AAA
aggregate demand
copycat
till
11. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
diversity
core products
intellectual property
inventory turnover
12. Regular fluctuations in overall economic activity over time.
unemployment rate
supermarket
currency hedging
business cycle
13. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
real GDP
Maastricht Treaty
direct selling
embargo
14. A tax imposed on imports by the customs authority of a country.
self-service
White paper
duty
producer goods
15. A period of decline in economic activity.
inventory
balance of payments
recession
myopic perspective
16. The buying and selling of government securities by a central bank in order to control the money supply.
negative equity
open-market operations
grease payments
empowerment
17. A period where there is little economic activity - high unemployment and much poverty.
depression
reduced
urban
stakeholder
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.
customer
budget surplus
PPP
capital spending
19. Development which can be done without harming the environment or natural resources.
sustainable development
currency hedging
stock turnover
leasehold
20. The amount of wealth - money - comfort etc that a particular person - group or society has.
bulk discount
advocacy
market penetration
standard of living
21. The rare situation when budget spending is smaller than revenue.
speciality store
assessment
money supply
budget surplus
22. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
supplier
retail outlet
tax haven
not-for-profit
23. An area of land which has never been built on.
budget surplus
greenfield site
target market
BPI
24. A retail outlet.
entrepreneurship
subsidy
store
dead stock
25. A test or way of measuring something.
assessment
Maastricht Treaty
duty
supply chain
26. A financial instrument that facilitates payment from one currency to another.
CBD
foreign exchange
standard of living
grease payments
27. The sum of money invested in new or additional equipment.
FDI
balance of trade
social stratification
new capital investment
28. Doing something (performing a process) to make a material ready for your requirments.
governance
supermarket
processing
societal
29. 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
deficit spending
competitive
market equilibrium
30. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
protectionism
currency hedging
trade surplus
advertising
31. A self-service food store with grocery - meat and produce departments.
consumer goods
supermarket
over the counter drug
FDI
32. When a price has been cut.
NIMBY
budget surplus
dealer brands
reduced
33. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
mortgage
EPOS
depth of assortment
in-stock
34. The skills and knowledge needed to start and run a company.
entrepreneurship
customs
freehold
economic growth
35. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
business sector
negative equity
quota
NAFTA
36. The customer group a retailer wants to attract and satisfy.
Green paper
downswing
target market
AAA
37. Usually software where the source code is made freely available for all users to change as they see fit.
freehold
supplier
open source
White paper
38. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
variety store
automatic reordering system
RPI
store loyalty
39. Imitating another company's ideas rather than developing your own.
GDP
copycat
inventory turnover
prime rate
40. Confederation of British Industry
standard of living
CBI
capital spending
export controls
41. An imitation of a product made with the intent to defraud a customer.
counterfeit
negotiation
governance
national debt
42. The resources used to produce goods and services - including land - labour - business and capital.
factors of production
market penetration
aggregate demand
automatic reordering system
43. The support of a cause.
EPOS
downswing
advocacy
unemployment rate
44. An owner of shares or stocks in a company.
store loyalty
discontinued
assessment
shareholder
45. System in which good or services are exchanged for other goods or services rather than cash.
fake
barter
budget surplus
greenfield site
46. A country's exports minus its imports.
balance of trade
unemployment rate
factors of production
savings rate
47. Multiple retail units under common ownership.
inventory management
GDP
chain
employee
48. The legal right of the owner of a work over its control and distribution.
budget deficit
investment
copyright
AFL/CIO
49. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
store loyalty
direct selling
boom
shareholder
50. Giving people the freedom to decide things and take responsibility for themselves.
intellectual property
vending machine
empowerment
shopping centre