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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 person or company from whom goods or services are bought.
supplier
boom
depression
shopping centre
2. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
checkout
AAA
tariff
AFL/CIO
3. Central Business District - the largest retail and office area of a city - also known as downtown
CBD
inventory turnover
intellectual property
till
4. Payments made like a bribe to encourage an official to allow something or get something done.
dead stock
allocation
savings rate
grease payments
5. A retail outlet.
store
FMCG
restrictive economic policies
shelf warmer
6. Items in a store which have not sold for a longer period of time.
compliance
dead stock
sanctions
reduced
7. 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.
prime rate
discontinued
franchising
markdown
8. 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
tariff
product differentiation
myopic perspective
9. A period of shrinking economic activity.
unemployment rate
EPOS
CPI
downswing
10. An owner of shares or stocks in a company.
otc drug
volunteer
shareholder
capital spending
11. When a small number of companies control a certain market.
sustainable development
oligopoly
RPI
AAA
12. The process of turning raw materials and parts into finished products.
supplier
manufacturing
copyright
NIMBY
13. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
consumer durables
inventory turnover
questionable payments
competitive
14. 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.
product differentiation
mission statement
protectionism
competitive
15. Usually software where the source code is made freely available for all users to change as they see fit.
non-tariff barriers
open source
vending machine
empowerment
16. Patterns of relationships between different groups of society.
debit-card system
unemployment rate
boom
social structure
17. Organization for Economic Cooperation and Development
compliance
OECD
public-private partnership
tax revenue
18. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
CPI
beneficiary
intellectual property
advocacy
19. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
downswing
trademark
consumer non-durables
NIMBY
20. A country's exports minus its imports.
processing
balance of trade
infringement
outsourcing
21. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
business cycle
prime rate
convenience store
automatic reordering system
22. Economic policies designed to support business and help it expand.
consumer goods
constructive economic policies
Fed
poverty line
23. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
TUC
entrepreneurship
shelf warmer
downswing
24. Government policies to cool down an economy and prevent inflation during boom periods.
chain
restrictive economic policies
outsourcing
beneficiary
25. 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.
processing
supply chain
subsidy
fiscal policies
26. Imitating another company's ideas rather than developing your own.
greenbelt
copycat
recession
unemployment rate
27. The hub of retailing in a city - where the most office buildings and retail stores are.
supply chain
megamall
budget deficit
central business district
28. How companies try to show their products as being different from those of their rivals.
current account
blight
product differentiation
inventory turnover
29. A voluntary sector or charity sector organization.
Maastricht Treaty
not-for-profit
sustainable development
investment
30. The customer group a retailer wants to attract and satisfy.
PPP
questionable payments
target market
niche strategy
31. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
grease payments
GDP
markup
national debt
32. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
leasehold
NIMBY
currency hedging
depth of assortment
33. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
consumer durables
market penetration
social structure
depression
34. A period of economic expansion.
social stratification
business cycle
sustainable development
upswing
35. The buying and selling of government securities by a central bank in order to control the money supply.
variety store
currency hedging
open-market operations
OECD
36. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
advertising
direct selling
aggregate demand
convenience store
37. Statement of policy issued by a government which may form the basis of a future law.
entrepreneurship
self-service
NGOs
White paper
38. Connected with society and the way it is organized.
societal
social structure
NIMBY
entrepreneurship
39. The total amount of money in circulation in a country.
inventory management
producer goods
statutory
money supply
40. The sum of money invested in new or additional equipment.
customs
sustainable development
new capital investment
fiscal policies
41. Refers to the number of distinct goods or services a retailer offers.
width of assortment
supermarket
depth of assortment
consumer goods
42. Obstacles to international trade other than tariffs.
infringement
non-tariff barriers
FDI
shelf warmer
43. When governments try to stabilize economic activities by funding major projects from budget deficits.
volunteer
protectionism
deficit spending
upswing
44. An individual or company buying from someone.
customer
in-stock
export controls
greenfield site
45. A government-imposed tax on imports.
Fed
NAFTA
governance
tariff
46. The right to live in a home on a long-term tenancy.
leasehold
negative equity
depression
statutory
47. The total sum of a nation's outstanding debt.
NIMBY
consumer goods
manufacturing
national debt
48. Financial aid by the government to an individual or group to support an activity that is in the public interest.
White paper
prime rate
automatic reordering system
subsidy
49. The purchase of a financial product or other item of value with the hope that it will become more valuable.
impulse purchase
governance
investment
shopping centre
50. A large - long-term loan taken out to pay for a house.
TUC
mortgage
grease payments
self-service