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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. Government policies to cool down an economy and prevent inflation during boom periods.
variety store
trade surplus
restrictive economic policies
balance of trade
2. The total sum of a nation's outstanding debt.
national debt
reduced
direct selling
balance of trade
3. Process of communicating back and forth until an agreement has been reached.
product differentiation
negotiation
FMCG
department store
4. A minimum income level below which people are officially poor.
CBI
prime rate
poverty line
capital spending
5. Involving the use of natural resources and energy in a way that does not harm the environment.
sustainable
recession
target market
Maastricht Treaty
6. An imitation of a product made with the intent to defraud a customer.
recession
counterfeit
retail outlet
competitive
7. Economic policies designed to support business and help it expand.
depth of assortment
over the counter drug
prime rate
constructive economic policies
8. Distribution of anything for use - including time or money.
advocacy
compliance
statutory
allocation
9. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
WTO
FDI
constructive economic policies
NGOs
10. When a private company provides a public service in agreement with a government or council.
depression
market skimming
public-private partnership
NGOs
11. A test or way of measuring something.
assessment
TUC
discretionary income
White paper
12. An extremely adverse environmental condition.
market penetration
outsourcing
TUC
blight
13. 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.
debit-card system
urban
factors of production
capital spending
14. A person who works for someone else in exchange for payment.
public-private partnership
employee
sanctions
prime rate
15. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
NIMBY
variety store
supplier
NAFTA
16. A voluntary sector or charity sector organization.
aggregate demand
leasehold
not-for-profit
assessment
17. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
copycat
protectionism
trademark
social structure
18. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
negotiation
inventory
mortgage
idle capacity
19. Regular fluctuations in overall economic activity over time.
FDI
upswing
business cycle
shareholder
20. The way in which a company is controlled.
product differentiation
governance
market skimming
counterfeit
21. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
monopoly
debit-card system
poverty line
otc drug
22. The number of times during a period a business sells its inventory and replaces it.
inventory turnover
bulk discount
store loyalty
customs
23. The right to live in a home on a long-term tenancy.
fake
leasehold
shareholder value
Green paper
24. Consumer goods that have a long life span - e.g. furniture.
vending machine
consumer durables
tariff barriers
markup
25. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
impulse purchase
shareholder value
mom-and-pop store
otc drug
26. A government-imposed tax on imports.
diversity
business sector
tariff
TUC
27. Items sold in a store during a certain period measuring in number of units or value.
greenbelt
empowerment
stock turnover
prime rate
28. A tax imposed on imports by the customs authority of a country.
duty
standard of living
consumer goods
vending machine
29. A way of measuring performance by comparing a company to similar ones.
self-service
BPI
advertising
benchmarking
30. Obstacles to international trade based on customs tariffs.
sanctions
tariff barriers
diversity
grease payments
31. Usually software where the source code is made freely available for all users to change as they see fit.
EDI
market equilibrium
urban
open source
32. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
compliance
sustainability
recession
consumer goods
33. The checking - ordering & processing of stock levels.
checkout
inventory management
recession
sustainability
34. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
capital spending
social structure
real GDP
freehold
35. The customer group a retailer wants to attract and satisfy.
loyalty card
myopic perspective
target market
economic growth
36. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
RPI
public-private partnership
open-market operations
WTO
37. The support of a cause.
statutory
advocacy
in-stock
benchmarking
38. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
restrictive economic policies
NIMBY
store loyalty
advertising
39. Connected with society and the way it is organized.
money supply
prime rate
oligopoly
societal
40. 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
convenience store
standard of living
41. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
embargo
tariff
greenbelt
protectionism
42. An individual or company buying from someone.
greenfield site
foreign exchange
beneficiary
customer
43. Volunteer organization for young - disadvantaged Americans.
markup
Americorps
inventory
not-for-profit
44. Hiring an external company to perform tasks for a company and reduce costs.
EDI
supplier
customer
outsourcing
45. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
diversity
fiscal policies
stakeholder
loyalty card
46. The process of turning raw materials and parts into finished products.
sanctions
manufacturing
negative equity
recession
47. Imitating another company's ideas rather than developing your own.
store
copycat
counterfeit
household sector
48. A small owner-operated store serving a local community.
fiscal policies
mom-and-pop store
tax haven
shopping centre
49. Items which a shop has and are available to buy.
FMCG
entrepreneurship
copycat
in-stock
50. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
market skimming
unemployment rate
till
allocation