SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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 area of countryside with planning restrictions to prevent a city growing bigger and bigger.
statutory
new capital investment
greenbelt
shareholder value
2. The customer group a retailer wants to attract and satisfy.
target market
negotiation
market equilibrium
tariff
3. Someone who does something without being paid for it - e.g. working for a charity.
savings rate
sanctions
volunteer
Green paper
4. An owner of shares or stocks in a company.
market penetration
trademark
benchmarking
shareholder
5. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
CPI
economic growth
inventory shrinkage
factors of production
6. Something that is bought without being planned for.
impulse purchase
consumer goods
sanctions
blight
7. 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.
CBI
franchising
deficit spending
shareholder value
8. A minimum income level below which people are officially poor.
poverty line
greenfield site
advocacy
manufacturing
9. A self-service food store with grocery - meat and produce departments.
shareholder
supermarket
myopic perspective
sustainable development
10. The total sum of a nation's outstanding debt.
national debt
otc drug
AAA
empowerment
11. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
franchising
checkout
EPOS
greenfield site
12. Items sold in a store during a certain period measuring in number of units or value.
stock turnover
governance
automatic reordering system
chain
13. The skills and knowledge needed to start and run a company.
oligopoly
employee
entrepreneurship
central business district
14. 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.
current account
tax haven
non-tariff barriers
trade deficit
15. The rare situation when budget spending is smaller than revenue.
store
variety store
budget deficit
budget surplus
16. The support of a cause.
tax haven
vending machine
manufacturing
advocacy
17. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
inventory turnover
White paper
market penetration
social structure
18. Volunteer organization for young - disadvantaged Americans.
balance of trade
market penetration
FDI
Americorps
19. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
otc drug
consumer durables
shareholder value
WTO
20. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
empowerment
shelf warmer
BPI
mortgage
21. An imitation of a product made with the intent to defraud a customer.
supermarket
real GDP
counterfeit
megamall
22. Regulations that mean permission from the government is required before certain items can be exported.
FDI
width of assortment
store loyalty
export controls
23. A retail outlet.
reduced
store
OECD
customs
24. A test or way of measuring something.
business sector
empowerment
market skimming
assessment
25. Economic policies that use money e.g. interest rates or money supply as the major instruments.
duty
monetary policies
diversity
debit-card system
26. An area of land which has never been built on.
restrictive economic policies
duty
advertising
greenfield site
27. The money a state earns via taxation.
tax revenue
open-market operations
shopping centre
markdown
28. Financial aid by the government to an individual or group to support an activity that is in the public interest.
employee
household sector
subsidy
trade deficit
29. An enormous planned shopping centre with hundreds of stores under one roof.
megamall
producer goods
sustainable
budget surplus
30. A company's main products - e.g. Opel's core product is cars.
household sector
blight
target market
core products
31. Products that can hold their own against rival products in terms of price - features or quality.
competitive
RPI
checkout
protectionism
32. When a small number of companies control a certain market.
dealer brands
convenience store
questionable payments
oligopoly
33. The rate of interest at which US banks lend money to their best corporate customers.
prime rate
shopping centre
urban
counterfeit
34. Agreement that provided the basis for the formation of the European Union.
real GDP
factors of production
outsourcing
Maastricht Treaty
35. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
shareholder value
societal
GDP
OECD
36. A collection of shops under one roof with a shared entrance and food area.
direct selling
consumer non-durables
shopping centre
competitive
37. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
store loyalty
restrictive economic policies
questionable payments
inventory
38. Process of communicating back and forth until an agreement has been reached.
empowerment
dead stock
negotiation
speciality store
39. Obstacles to international trade other than tariffs.
non-tariff barriers
otc drug
greenfield site
debit-card system
40. 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
debit-card system
societal
convenience store
41. Economic policies designed to support business and help it expand.
Americorps
trademark
social stratification
constructive economic policies
42. The total amount of money in circulation in a country.
RPI
money supply
core products
market penetration
43. The area of the economy that produces goods and provides services.
business sector
idle capacity
franchising
self-service
44. Consumer goods that have a long life span - e.g. furniture.
idle capacity
protectionism
statutory
consumer durables
45. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
sustainable development
variety store
freehold
supplier
46. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
WTO
NIMBY
discretionary income
not-for-profit
47. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
market skimming
trade deficit
product differentiation
quota
48. 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.
social structure
sanctions
fiscal policies
open source
49. A person who works for someone else in exchange for payment.
trademark
employee
greenbelt
aggregate demand
50. The number of times during a period a business sells its inventory and replaces it.
shopping centre
speciality store
idle capacity
inventory turnover