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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. How companies try to show their products as being different from those of their rivals.
product differentiation
copyright
impulse purchase
volunteer
2. Involving the use of natural resources and energy in a way that does not harm the environment.
loyalty card
vending machine
compliance
sustainable
3. The percentage of people who do not have a job.
NGOs
national debt
monetary policies
unemployment rate
4. The right to live in a home on a long-term tenancy.
new capital investment
leasehold
capital spending
stakeholder
5. Central Business District - the largest retail and office area of a city - also known as downtown
otc drug
CBD
currency hedging
store loyalty
6. When governments try to stabilize economic activities by funding major projects from budget deficits.
franchising
deficit spending
CBD
market penetration
7. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
CBD
economic growth
stockroom
monopoly
8. A way of measuring performance by comparing a company to similar ones.
investment
benchmarking
WTO
processing
9. Obstacles to international trade other than tariffs.
downswing
negotiation
speciality store
non-tariff barriers
10. Someone who does something without being paid for it - e.g. working for a charity.
volunteer
inventory
stockroom
core products
11. Imitating another company's ideas rather than developing your own.
copycat
capital spending
tariff barriers
balance of trade
12. A minimum income level below which people are officially poor.
quota
mission statement
poverty line
greenfield site
13. A person or company from whom goods or services are bought.
BPI
tax revenue
markdown
supplier
14. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
advertising
aggregate demand
volunteer
impulse purchase
15. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
Green paper
negative equity
automatic reordering system
quota
16. A period of very high economic activity.
Fed
boom
checkout
investment
17. A period where there is little economic activity - high unemployment and much poverty.
downswing
depression
supermarket
recession
18. The money a state earns via taxation.
producer goods
tax revenue
discontinued
direct selling
19. A retailer that concentrates on selling one particular type of good.
tariff
speciality store
monetary policies
trade surplus
20. Machine for processing sales - taking payments - giving change. Also know as a cash register.
till
barter
GDP
downswing
21. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
otc drug
allocation
greenfield site
store
22. A reduction in the selling price of an item in order to increase sales.
barter
markdown
stock turnover
assessment
23. Distribution of anything for use - including time or money.
volunteer
trade surplus
allocation
non-tariff barriers
24. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
poverty line
balance of trade
monopoly
volunteer
25. Items which a shop has and are available to buy.
dealer brands
in-stock
supply chain
trademark
26. The rate of interest at which US banks lend money to their best corporate customers.
duty
prime rate
chain
RPI
27. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
intellectual property
trademark
statutory
Fed
28. Payments made like a bribe to encourage an official to allow something or get something done.
grease payments
export controls
Fed
NAFTA
29. Process of communicating back and forth until an agreement has been reached.
employee
trade deficit
negotiation
diversity
30. The legal right of the owner of a work over its control and distribution.
business sector
barter
copyright
shelf warmer
31. Statement of policy issued by a government which may form the basis of a future law.
counterfeit
discontinued
dealer brands
White paper
32. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
EPOS
balance of trade
idle capacity
myopic perspective
33. 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.
chain
factors of production
franchising
sanctions
34. An owner of shares or stocks in a company.
sustainability
shareholder
NGOs
greenbelt
35. A test or way of measuring something.
EPOS
assessment
export controls
business cycle
36. When the imports into a country exceed the exports going out of a country.
processing
myopic perspective
infringement
trade deficit
37. A consultation document that sets out the government's position on a certain issue.
Green paper
EPOS
negotiation
unemployment rate
38. Something which is a copy or imitation.
self-service
fake
standard of living
downswing
39. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
blight
Nominal GDP
business sector
oligopoly
40. Items in a store which have not sold for a longer period of time.
non-tariff barriers
trade deficit
dead stock
trade surplus
41. The Federal Reserve - the US central banking system.
inventory management
budget surplus
outsourcing
Fed
42. When a private company provides a public service in agreement with a government or council.
public-private partnership
not-for-profit
quota
negative equity
43. The buying and selling of government securities by a central bank in order to control the money supply.
competitive
assessment
volunteer
open-market operations
44. The number of times during a period a business sells its inventory and replaces it.
societal
inventory turnover
savings rate
TUC
45. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
consumer durables
protectionism
loyalty card
depth of assortment
46. Patterns of relationships between different groups of society.
social structure
balance of payments
business sector
stakeholder
47. Machine for processing sales - giving change in a shop or restaurant.
governance
markdown
shareholder
checkout
48. Economic policies that use money e.g. interest rates or money supply as the major instruments.
CBD
downswing
real GDP
monetary policies
49. 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.
capital spending
questionable payments
duty
prime rate
50. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?
shareholder value
PPP
subsidy
market penetration