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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 amount of wealth - money - comfort etc that a particular person - group or society has.
inventory management
economic growth
volunteer
standard of living
2. A card payment system where the cost of goods or services is immediately removed from a bank account.
debit-card system
negative equity
greenfield site
depth of assortment
3. The total sum of goods and services in demand.
AFL/CIO
aggregate demand
till
prime rate
4. Sets of specific restraints imposed by governments on international trade.
core products
customs
sanctions
checkout
5. An extremely adverse environmental condition.
CBD
inventory shrinkage
blight
sustainable development
6. The Federal Reserve - the US central banking system.
AFL/CIO
Fed
sanctions
urban
7. Development which can be done without harming the environment or natural resources.
volunteer
over the counter drug
cooperative
sustainable development
8. The system of organizations involved in moving a product from manufacturer to customer.
supply chain
monetary policies
embargo
customs
9. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
stakeholder
markdown
mission statement
White paper
10. Buying currency options that fix exchange rates for a period of time.
copycat
shopping centre
blight
currency hedging
11. Economic policies designed to support business and help it expand.
department store
constructive economic policies
consumer durables
currency hedging
12. Exclusive ownership of a property for an indefinite period of time.
restrictive economic policies
business cycle
freehold
WTO
13. The right to live in a home on a long-term tenancy.
White paper
urban
leasehold
otc drug
14. Machine for processing sales - giving change in a shop or restaurant.
employee
checkout
benchmarking
niche strategy
15. Confederation of British Industry
CBI
depression
discretionary income
benchmarking
16. A large retail unit selling a wide variety of goods in separate departments.
barter
FDI
department store
foreign exchange
17. The total sum of a nation's outstanding debt.
barter
national debt
constructive economic policies
OECD
18. A tax imposed on imports by the customs authority of a country.
consumer non-durables
duty
EDI
debit-card system
19. Volunteer organization for young - disadvantaged Americans.
upswing
mission statement
Americorps
cooperative
20. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
Nominal GDP
EPOS
Americorps
CPI
21. A minimum income level below which people are officially poor.
poverty line
retail outlet
NAFTA
export controls
22. The way in which a company is controlled.
governance
stakeholder
Maastricht Treaty
savings rate
23. When the imports into a country exceed the exports going out of a country.
WTO
trade deficit
negative equity
diversity
24. Goods bought for private use.
not-for-profit
negative equity
consumer goods
till
25. The purchase of a financial product or other item of value with the hope that it will become more valuable.
White paper
urban
open-market operations
investment
26. Statement of policy issued by a government which may form the basis of a future law.
AAA
assessment
White paper
CBI
27. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
unemployment rate
allocation
volunteer
household sector
28. A collection of shops under one roof with a shared entrance and food area.
constructive economic policies
idle capacity
customer
shopping centre
29. A way of measuring performance by comparing a company to similar ones.
public-private partnership
benchmarking
customer
AAA
30. 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
TUC
advocacy
negative equity
31. 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
compliance
retail outlet
32. A self-service food store with grocery - meat and produce departments.
width of assortment
entrepreneurship
social structure
supermarket
33. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
entrepreneurship
RPI
advertising
OECD
34. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
open source
shelf warmer
allocation
consumer durables
35. A period of shrinking economic activity.
market skimming
social structure
debit-card system
downswing
36. 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.
EDI
customs
BPI
societal
37. Items sold in a store during a certain period measuring in number of units or value.
Maastricht Treaty
dealer brands
speciality store
stock turnover
38. Payments made like a bribe to encourage an official to allow something or get something done.
grease payments
CBI
leasehold
variety store
39. An economic sanction that forbids the import of a specific product or all products from a specific country.
statutory
embargo
speciality store
balance of payments
40. American Federation of Labour / Association of Industrial Organizations
embargo
shareholder
AFL/CIO
balance of trade
41. When a company reduces their output during a recession they have excess or idle capacity.
market equilibrium
AFL/CIO
mom-and-pop store
idle capacity
42. Regular fluctuations in overall economic activity over time.
customs
core products
foreign exchange
business cycle
43. Government policies to cool down an economy and prevent inflation during boom periods.
processing
restrictive economic policies
variety store
self-service
44. When governments try to stabilize economic activities by funding major projects from budget deficits.
deficit spending
GDP
consumer durables
intellectual property
45. The balance between interest rates and the demand for money.
retail outlet
investment
grease payments
market equilibrium
46. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
CBI
processing
greenbelt
NGOs
47. The different layers within a society e.g. class - income - education.
barter
compliance
CBI
social stratification
48. A test or way of measuring something.
upswing
assessment
tax revenue
negative equity
49. The rare situation when budget spending is smaller than revenue.
budget surplus
inventory shrinkage
discontinued
CBI
50. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
customer
FMCG
statutory
subsidy