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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. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
chain
NIMBY
fiscal policies
automatic reordering system
2. The way in which a company is controlled.
governance
not-for-profit
money supply
supply chain
3. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
urban
capital spending
NGOs
not-for-profit
4. 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
new capital investment
beneficiary
empowerment
5. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
variety store
infringement
currency hedging
checkout
6. A period of decline in economic activity.
empowerment
consumer durables
outsourcing
recession
7. The right to live in a home on a long-term tenancy.
reduced
leasehold
self-service
market skimming
8. When budget spending exceeds revenue.
budget deficit
markdown
stock turnover
advocacy
9. The process of turning raw materials and parts into finished products.
non-tariff barriers
manufacturing
copycat
upswing
10. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
greenbelt
subsidy
shareholder
CBI
11. An owner of shares or stocks in a company.
stakeholder
product differentiation
shareholder
barter
12. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
dealer brands
fiscal policies
mortgage
capital spending
13. A self-service food store with grocery - meat and produce departments.
discretionary income
supermarket
bulk discount
barter
14. 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.
cooperative
consumer goods
BPI
self-service
15. The support of a cause.
stock turnover
advocacy
monetary policies
Fed
16. A minimum income level below which people are officially poor.
duty
manufacturing
quota
poverty line
17. 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.
convenience store
capital spending
trade surplus
benchmarking
18. Products that can hold their own against rival products in terms of price - features or quality.
empowerment
urban
beneficiary
competitive
19. Development which can be done without harming the environment or natural resources.
core products
sustainable development
automatic reordering system
constructive economic policies
20. The area of the economy that produces goods and provides services.
business sector
PPP
money supply
foreign exchange
21. Doing something (performing a process) to make a material ready for your requirments.
customs
store
processing
currency hedging
22. Items in a store which have not sold for a longer period of time.
dead stock
automatic reordering system
savings rate
greenbelt
23. A period of very high economic activity.
TUC
export controls
statutory
boom
24. The difference between merchandise costs and retail selling price.
depth of assortment
markup
CBI
loyalty card
25. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
advocacy
urban
stakeholder
market penetration
26. The total sum of a nation's outstanding debt.
myopic perspective
national debt
department store
entrepreneurship
27. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
FMCG
WTO
in-stock
idle capacity
28. A period of shrinking economic activity.
unemployment rate
restrictive economic policies
downswing
monetary policies
29. A shop or store.
cooperative
tariff
retail outlet
width of assortment
30. Items sold in a store during a certain period measuring in number of units or value.
embargo
stock turnover
mom-and-pop store
franchising
31. 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
EPOS
bulk discount
TUC
32. An extremely adverse environmental condition.
depression
beneficiary
blight
money supply
33. Something which is a copy or imitation.
BPI
fake
standard of living
inventory turnover
34. Government policies to cool down an economy and prevent inflation during boom periods.
restrictive economic policies
foreign exchange
currency hedging
supply chain
35. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
CPI
savings rate
recession
AAA
36. A country's exports minus its imports.
fiscal policies
balance of trade
EDI
prime rate
37. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
economic growth
protectionism
markup
CPI
38. When a private company provides a public service in agreement with a government or council.
infringement
fake
public-private partnership
protectionism
39. Obstacles to international trade based on customs tariffs.
copyright
tariff barriers
investment
foreign exchange
40. Relating to cities or built up areas - not the countryside.
urban
barter
competitive
RPI
41. Central Business District - the largest retail and office area of a city - also known as downtown
CBD
duty
idle capacity
CBI
42. The skills and knowledge needed to start and run a company.
White paper
entrepreneurship
inventory shrinkage
debit-card system
43. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
standard of living
trade surplus
household sector
tariff barriers
44. The sum of money invested in new or additional equipment.
new capital investment
copyright
supply chain
business cycle
45. A company's main products - e.g. Opel's core product is cars.
Americorps
consumer durables
core products
currency hedging
46. The customer group a retailer wants to attract and satisfy.
idle capacity
AFL/CIO
target market
inventory turnover
47. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
trademark
market penetration
subsidy
TUC
48. A voluntary sector or charity sector organization.
FDI
non-tariff barriers
cooperative
not-for-profit
49. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.
customs
mission statement
sanctions
grease payments
50. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
copyright
market penetration
FMCG
subsidy