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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 right to live in a home on a long-term tenancy.
standard of living
impulse purchase
tariff
leasehold
2. A card payment system where the cost of goods or services is immediately removed from a bank account.
standard of living
fiscal policies
debit-card system
savings rate
3. The buying and selling of government securities by a central bank in order to control the money supply.
consumer durables
self-service
restrictive economic policies
open-market operations
4. A voluntary sector or charity sector organization.
not-for-profit
RPI
barter
standard of living
5. An area of land which has never been built on.
greenfield site
shareholder
copycat
BPI
6. An owner of shares or stocks in a company.
shareholder
product differentiation
depth of assortment
governance
7. The process of turning raw materials and parts into finished products.
FDI
AAA
empowerment
manufacturing
8. 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.
embargo
Nominal GDP
investment
franchising
9. System in which good or services are exchanged for other goods or services rather than cash.
markdown
franchising
economic growth
barter
10. Business wholly owned by its employees with the emphasis on group decision making.
cooperative
over the counter drug
supplier
investment
11. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
convenience store
TUC
CPI
downswing
12. An imitation of a product made with the intent to defraud a customer.
leasehold
advertising
BPI
counterfeit
13. The area of the economy that produces goods and provides services.
factors of production
allocation
economic growth
business sector
14. Consumer goods that have a short life span - e.g. food or paper tissues.
consumer non-durables
producer goods
savings rate
AAA
15. Imitating another company's ideas rather than developing your own.
assessment
copycat
checkout
investment
16. Goods bought and used by companies - such as machines. Also known as capital goods.
producer goods
depression
AFL/CIO
protectionism
17. The different layers within a society e.g. class - income - education.
social stratification
currency hedging
inventory management
standard of living
18. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
cooperative
household sector
social stratification
greenfield site
19. The system of organizations involved in moving a product from manufacturer to customer.
factors of production
empowerment
balance of trade
supply chain
20. Sets of specific restraints imposed by governments on international trade.
OECD
oligopoly
not-for-profit
sanctions
21. Meeting accepted guidelines or laws.
manufacturing
compliance
greenfield site
inventory shrinkage
22. When the amount borrowed to pay for a home is now more than the property is actually worth.
negative equity
variety store
supply chain
AFL/CIO
23. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
speciality store
otc drug
customs
myopic perspective
24. A person or organization which receives money from a charity.
tariff
beneficiary
Fed
mom-and-pop store
25. The sum of money invested in new or additional equipment.
new capital investment
non-tariff barriers
sustainability
beneficiary
26. 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
copycat
social stratification
debit-card system
27. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.
depth of assortment
compliance
Americorps
BPI
28. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
volunteer
stakeholder
stock turnover
myopic perspective
29. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
customer
trademark
inventory management
NAFTA
30. A large - long-term loan taken out to pay for a house.
competitive
subsidy
mortgage
variety store
31. American Federation of Labour / Association of Industrial Organizations
AAA
unemployment rate
inventory shrinkage
AFL/CIO
32. When a customer regularly uses a store they know - like and trust.
FDI
store loyalty
urban
White paper
33. The legal right of the owner of a work over its control and distribution.
copyright
tariff
depth of assortment
competitive
34. The percentage of a household's income that is saved.
societal
customer
mom-and-pop store
savings rate
35. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
negotiation
TUC
shelf warmer
FDI
36. The number of times during a period a business sells its inventory and replaces it.
inventory turnover
retail outlet
store loyalty
budget surplus
37. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
dead stock
prime rate
automatic reordering system
chain
38. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
current account
myopic perspective
idle capacity
entrepreneurship
39. A collection of shops under one roof with a shared entrance and food area.
niche strategy
shopping centre
upswing
CBI
40. The difference between merchandise costs and retail selling price.
markup
Maastricht Treaty
GDP
monetary policies
41. Financial aid by the government to an individual or group to support an activity that is in the public interest.
subsidy
dealer brands
current account
monetary policies
42. A financial instrument that facilitates payment from one currency to another.
negotiation
foreign exchange
discretionary income
customer
43. When a small number of companies control a certain market.
oligopoly
stakeholder
supply chain
NGOs
44. Development which can be done without harming the environment or natural resources.
open source
sustainable development
questionable payments
market skimming
45. When a price has been cut.
vending machine
mission statement
reduced
non-tariff barriers
46. A storeroom where items which cannot be put on display are stored.
beneficiary
stockroom
monopoly
export controls
47. A consultation document that sets out the government's position on a certain issue.
loyalty card
subsidy
Green paper
sustainability
48. The balance between interest rates and the demand for money.
market equilibrium
trademark
national debt
dead stock
49. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
NGOs
inventory shrinkage
speciality store
business cycle
50. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
AAA
impulse purchase
factors of production
stock turnover