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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 medicine which is available without first getting a prescription from a doctor.
foreign exchange
over the counter drug
tax revenue
open source
2. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
balance of payments
duty
WTO
EPOS
3. Central Business District - the largest retail and office area of a city - also known as downtown
over the counter drug
sustainable
CBD
mom-and-pop store
4. Items in a store which have not sold for a longer period of time.
duty
dead stock
Green paper
questionable payments
5. The difference between merchandise costs and retail selling price.
AAA
markup
social structure
dead stock
6. When a private company provides a public service in agreement with a government or council.
FMCG
FDI
public-private partnership
mortgage
7. Something that is required by law.
inventory turnover
statutory
PPP
non-tariff barriers
8. The skills and knowledge needed to start and run a company.
entrepreneurship
cooperative
new capital investment
stockroom
9. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
NAFTA
copycat
unemployment rate
real GDP
10. Machine for processing sales - taking payments - giving change. Also know as a cash register.
sustainable
till
sustainable development
new capital investment
11. System in which good or services are exchanged for other goods or services rather than cash.
advocacy
Maastricht Treaty
standard of living
barter
12. A way of measuring performance by comparing a company to similar ones.
urban
constructive economic policies
benchmarking
advertising
13. A government-imposed tax on imports.
fiscal policies
investment
upswing
tariff
14. A consultation document that sets out the government's position on a certain issue.
myopic perspective
open source
currency hedging
Green paper
15. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
loyalty card
public-private partnership
reduced
impulse purchase
16. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
non-tariff barriers
discretionary income
loyalty card
inventory shrinkage
17. The buying and selling of government securities by a central bank in order to control the money supply.
open-market operations
current account
not-for-profit
consumer durables
18. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
real GDP
trademark
tax revenue
self-service
19. When a company reduces their output during a recession they have excess or idle capacity.
idle capacity
societal
upswing
governance
20. Business wholly owned by its employees with the emphasis on group decision making.
investment
loyalty card
cooperative
aggregate demand
21. Someone who does something without being paid for it - e.g. working for a charity.
governance
downswing
convenience store
volunteer
22. An item which is no longer produced by a manufacturer or sold by a retailer.
statutory
discontinued
infringement
poverty line
23. Imitating another company's ideas rather than developing your own.
checkout
trademark
copycat
variety store
24. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
NIMBY
embargo
assessment
direct selling
25. A voluntary sector or charity sector organization.
store loyalty
NAFTA
not-for-profit
FMCG
26. A retail outlet.
shelf warmer
diversity
store
non-tariff barriers
27. Development which can be done without harming the environment or natural resources.
sustainable development
Americorps
business sector
shareholder value
28. Payments made like a bribe to encourage an official to allow something or get something done.
trade deficit
inventory turnover
product differentiation
grease payments
29. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
impulse purchase
non-tariff barriers
market skimming
megamall
30. A large retail unit selling a wide variety of goods in separate departments.
department store
negative equity
over the counter drug
cooperative
31. A person or organization which receives money from a charity.
recession
discontinued
blight
beneficiary
32. Usually software where the source code is made freely available for all users to change as they see fit.
BPI
oligopoly
advocacy
open source
33. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
AAA
debit-card system
monopoly
real GDP
34. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
urban
dealer brands
checkout
oligopoly
35. Sets of specific restraints imposed by governments on international trade.
sanctions
niche strategy
negotiation
barter
36. A financial instrument that facilitates payment from one currency to another.
foreign exchange
CBI
bulk discount
speciality store
37. The way in which a company is controlled.
automatic reordering system
governance
supermarket
franchising
38. The violation of a law or right.
BPI
depression
infringement
negative equity
39. Relating to cities or built up areas - not the countryside.
national debt
automatic reordering system
urban
franchising
40. Products that can hold their own against rival products in terms of price - features or quality.
competitive
debit-card system
social stratification
intellectual property
41. The purchase of a financial product or other item of value with the hope that it will become more valuable.
vending machine
till
investment
stockroom
42. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
myopic perspective
questionable payments
factors of production
dealer brands
43. Volunteer organization for young - disadvantaged Americans.
barter
Americorps
tariff
mortgage
44. Connected with society and the way it is organized.
societal
duty
loyalty card
speciality store
45. Goods bought for private use.
export controls
shelf warmer
Americorps
consumer goods
46. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
open-market operations
market penetration
checkout
empowerment
47. Trade Union Congress.
competitive
depression
FMCG
TUC
48. Refers to the number of distinct goods or services a retailer offers.
upswing
width of assortment
consumer goods
non-tariff barriers
49. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
BPI
speciality store
mission statement
economic growth
50. When a customer regularly uses a store they know - like and trust.
advertising
trademark
store loyalty
social stratification