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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. Something which is a copy or imitation.
fake
cooperative
negative equity
depression
2. The Federal Reserve - the US central banking system.
sustainable
market equilibrium
Fed
recession
3. Consumer goods that have a long life span - e.g. furniture.
monopoly
social stratification
AFL/CIO
consumer durables
4. Regulations that mean permission from the government is required before certain items can be exported.
export controls
cooperative
retail outlet
core products
5. An economic sanction that forbids the import of a specific product or all products from a specific country.
money supply
consumer goods
PPP
embargo
6. A way of measuring performance by comparing a company to similar ones.
entrepreneurship
tax haven
advertising
benchmarking
7. The total amount of money in circulation in a country.
advertising
money supply
shelf warmer
infringement
8. Something that is bought without being planned for.
current account
impulse purchase
assessment
trade surplus
9. The skills and knowledge needed to start and run a company.
factors of production
competitive
entrepreneurship
copyright
10. Items sold in a store during a certain period measuring in number of units or value.
copyright
advocacy
bulk discount
stock turnover
11. 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?
discretionary income
poverty line
PPP
impulse purchase
12. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.
franchising
vending machine
negative equity
stakeholder
13. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
balance of trade
supply chain
variety store
societal
14. The percentage of people who do not have a job.
currency hedging
embargo
unemployment rate
economic growth
15. Development which can be done without harming the environment or natural resources.
sustainable development
CBD
sustainability
governance
16. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
trade deficit
investment
greenbelt
greenfield site
17. The purchase of a financial product or other item of value with the hope that it will become more valuable.
GDP
in-stock
investment
EPOS
18. American Federation of Labour / Association of Industrial Organizations
AFL/CIO
budget deficit
manufacturing
not-for-profit
19. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
beneficiary
Maastricht Treaty
RPI
household sector
20. An individual or company buying from someone.
customer
not-for-profit
assessment
markup
21. Connected with society and the way it is organized.
Green paper
societal
TUC
core products
22. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
direct selling
prime rate
balance of payments
CBD
23. The legal right of the owner of a work over its control and distribution.
copyright
sustainable development
market penetration
AFL/CIO
24. The system of organizations involved in moving a product from manufacturer to customer.
mission statement
supply chain
markup
AFL/CIO
25. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
FMCG
WTO
trade deficit
constructive economic policies
26. An extremely adverse environmental condition.
NIMBY
blight
prime rate
balance of payments
27. Machine for processing sales - taking payments - giving change. Also know as a cash register.
vending machine
constructive economic policies
WTO
till
28. When a small number of companies control a certain market.
consumer non-durables
market penetration
oligopoly
infringement
29. Multiple retail units under common ownership.
discontinued
depth of assortment
chain
sanctions
30. Government policies to cool down an economy and prevent inflation during boom periods.
bulk discount
restrictive economic policies
Maastricht Treaty
balance of trade
31. A retailer that concentrates on selling one particular type of good.
retail outlet
processing
FMCG
speciality store
32. The percentage of a household's income that is saved.
downswing
savings rate
investment
greenbelt
33. Imitating another company's ideas rather than developing your own.
impulse purchase
Nominal GDP
diversity
copycat
34. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
entrepreneurship
aggregate demand
barter
FDI
35. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
budget surplus
non-tariff barriers
employee
quota
36. A company's main products - e.g. Opel's core product is cars.
shelf warmer
duty
core products
open-market operations
37. Shows the flows of money into and out of a country plus transfer payments.
markup
boom
balance of payments
NIMBY
38. A shop or store.
debit-card system
niche strategy
retail outlet
CPI
39. The difference between merchandise costs and retail selling price.
markup
advocacy
myopic perspective
quota
40. The amount of wealth - money - comfort etc that a particular person - group or society has.
trademark
standard of living
diversity
OECD
41. Refers to the number of distinct goods or services a retailer offers.
shopping centre
standard of living
foreign exchange
width of assortment
42. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
Fed
societal
inventory
checkout
43. When the imports into a country exceed the exports going out of a country.
store loyalty
retail outlet
speciality store
trade deficit
44. A medicine which is available without first getting a prescription from a doctor.
oligopoly
over the counter drug
allocation
supply chain
45. The variety of goods that a retailer sells.
AAA
Americorps
market equilibrium
depth of assortment
46. Statement of policy issued by a government which may form the basis of a future law.
White paper
mortgage
budget surplus
AFL/CIO
47. A test or way of measuring something.
trade deficit
assessment
standard of living
constructive economic policies
48. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
real GDP
quota
EDI
BPI
49. A government-imposed tax on imports.
tariff
fiscal policies
fake
in-stock
50. When a customer regularly uses a store they know - like and trust.
FDI
advocacy
store loyalty
central business district