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Test your basic knowledge |
Business English Vocab Test
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Subjects
:
business-skills
,
english
,
vocabulary
Instructions:
Answer 50 questions in 15 minutes.
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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. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
CBI
standard of living
budget surplus
AAA
2. When a private company provides a public service in agreement with a government or council.
public-private partnership
WTO
employee
store
3. A period of very high economic activity.
speciality store
boom
counterfeit
prime rate
4. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
intellectual property
depression
allocation
monopoly
5. A large retail unit selling a wide variety of goods in separate departments.
central business district
RPI
counterfeit
department store
6. When a company reduces their output during a recession they have excess or idle capacity.
in-stock
debit-card system
assessment
idle capacity
7. A consultation document that sets out the government's position on a certain issue.
standard of living
self-service
EDI
Green paper
8. Development which can be done without harming the environment or natural resources.
freehold
sustainable development
downswing
mortgage
9. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
counterfeit
variety store
budget surplus
sustainable
10. A way of measuring performance by comparing a company to similar ones.
budget surplus
shopping centre
freehold
benchmarking
11. A government-imposed tax on imports.
width of assortment
benchmarking
tariff
sustainable
12. An individual or company buying from someone.
consumer durables
customer
benchmarking
allocation
13. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
myopic perspective
employee
GDP
markup
14. 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.
megamall
AFL/CIO
not-for-profit
franchising
15. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
PPP
social stratification
downswing
NAFTA
16. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
shopping centre
FDI
Green paper
volunteer
17. A tax imposed on imports by the customs authority of a country.
restrictive economic policies
duty
consumer non-durables
new capital investment
18. The buying and selling of government securities by a central bank in order to control the money supply.
open-market operations
duty
public-private partnership
NIMBY
19. The resources used to produce goods and services - including land - labour - business and capital.
factors of production
advocacy
EDI
product differentiation
20. A range of many things or people that are very different from each other.
EDI
mission statement
inventory turnover
diversity
21. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
intellectual property
supermarket
blight
real GDP
22. Doing something (performing a process) to make a material ready for your requirments.
duty
fiscal policies
processing
vending machine
23. Business wholly owned by its employees with the emphasis on group decision making.
cooperative
volunteer
White paper
mom-and-pop store
24. Agreement that provided the basis for the formation of the European Union.
NGOs
Maastricht Treaty
copyright
copycat
25. An enormous planned shopping centre with hundreds of stores under one roof.
impulse purchase
otc drug
social structure
megamall
26. Economic policies that use money e.g. interest rates or money supply as the major instruments.
FDI
trademark
processing
monetary policies
27. The balance between interest rates and the demand for money.
diversity
market equilibrium
foreign exchange
trade deficit
28. 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.
stockroom
boom
BPI
CBD
29. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
volunteer
target market
stakeholder
cooperative
30. Confederation of British Industry
grease payments
trade deficit
EDI
CBI
31. Shows the flows of money into and out of a country plus transfer payments.
sustainable development
balance of payments
current account
AFL/CIO
32. Relating to cities or built up areas - not the countryside.
target market
inventory turnover
mortgage
urban
33. The total sum of a nation's outstanding debt.
reduced
national debt
volunteer
foreign exchange
34. The percentage of people who do not have a job.
poverty line
PPP
central business district
unemployment rate
35. The money a state earns via taxation.
self-service
tax revenue
discretionary income
questionable payments
36. Products that can hold their own against rival products in terms of price - features or quality.
competitive
freehold
in-stock
store loyalty
37. American Federation of Labour / Association of Industrial Organizations
customer
inventory
myopic perspective
AFL/CIO
38. A country's exports minus its imports.
debit-card system
balance of trade
tariff barriers
inventory
39. The violation of a law or right.
sanctions
leasehold
direct selling
infringement
40. Something that is required by law.
blight
aggregate demand
depth of assortment
statutory
41. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
subsidy
open source
market skimming
till
42. The customer group a retailer wants to attract and satisfy.
discretionary income
target market
sustainable
market penetration
43. Goods bought and used by companies - such as machines. Also known as capital goods.
money supply
producer goods
outsourcing
otc drug
44. 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.
Fed
currency hedging
capital spending
trade deficit
45. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
leasehold
tax haven
protectionism
dealer brands
46. The right to live in a home on a long-term tenancy.
variety store
monopoly
leasehold
vending machine
47. Value of the entire company as expressed by its market capitalization.
entrepreneurship
blight
myopic perspective
shareholder value
48. A small owner-operated store serving a local community.
mom-and-pop store
discontinued
till
shareholder
49. Goods bought for private use.
consumer goods
trade surplus
store
employee
50. Machine for processing sales - taking payments - giving change. Also know as a cash register.
till
inventory
governance
beneficiary
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