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Test your basic knowledge |
Business English Vocab Test
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Subjects
:
business-skills
,
english
,
vocabulary
Instructions:
Answer 50 questions in 15 minutes.
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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. Items sold in a store during a certain period measuring in number of units or value.
budget surplus
stock turnover
Americorps
central business district
2. When a company reduces their output during a recession they have excess or idle capacity.
idle capacity
deficit spending
benchmarking
NAFTA
3. Statement of policy issued by a government which may form the basis of a future law.
open-market operations
diversity
White paper
real GDP
4. A company's main products - e.g. Opel's core product is cars.
assessment
compliance
trade surplus
core products
5. The amount of money a person has left after paying taxes and buying necessities.
vending machine
export controls
discretionary income
beneficiary
6. A retailer that concentrates on selling one particular type of good.
speciality store
empowerment
monopoly
inventory management
7. Patterns of relationships between different groups of society.
upswing
economic growth
shareholder
social structure
8. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
real GDP
household sector
prime rate
AAA
9. Machine for processing sales - giving change in a shop or restaurant.
TUC
downswing
checkout
trademark
10. A reduction in price offered when buying an item in higher quantities.
tax revenue
bulk discount
statutory
FDI
11. 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.
fiscal policies
unemployment rate
factors of production
duty
12. Value of the entire company as expressed by its market capitalization.
mom-and-pop store
shareholder value
economic growth
cooperative
13. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
trade surplus
NGOs
consumer goods
CPI
14. Something that is required by law.
direct selling
current account
assessment
statutory
15. Shows the flows of money into and out of a country plus transfer payments.
White paper
balance of payments
customer
automatic reordering system
16. The balance between interest rates and the demand for money.
myopic perspective
competitive
direct selling
market equilibrium
17. Buying currency options that fix exchange rates for a period of time.
currency hedging
counterfeit
competitive
core products
18. A person or organization which receives money from a charity.
beneficiary
AFL/CIO
fake
shelf warmer
19. Exclusive ownership of a property for an indefinite period of time.
freehold
advertising
NGOs
Maastricht Treaty
20. Machine for processing sales - taking payments - giving change. Also know as a cash register.
till
WTO
OECD
freehold
21. Financial aid by the government to an individual or group to support an activity that is in the public interest.
Green paper
inventory management
subsidy
CPI
22. An item which is no longer produced by a manufacturer or sold by a retailer.
discontinued
volunteer
producer goods
direct selling
23. A large - long-term loan taken out to pay for a house.
TUC
mortgage
copyright
counterfeit
24. A retail outlet.
store
compliance
sustainability
sanctions
25. An owner of shares or stocks in a company.
shareholder
grease payments
depth of assortment
bulk discount
26. Usually software where the source code is made freely available for all users to change as they see fit.
reduced
bulk discount
constructive economic policies
open source
27. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
beneficiary
automatic reordering system
NAFTA
tariff
28. Refers to the number of distinct goods or services a retailer offers.
deficit spending
copyright
width of assortment
stockroom
29. Economic policies designed to support business and help it expand.
economic growth
money supply
TUC
constructive economic policies
30. The purchase of a financial product or other item of value with the hope that it will become more valuable.
CPI
current account
Fed
investment
31. A person or company from whom goods or services are bought.
compliance
supplier
sustainable
currency hedging
32. The variety of goods that a retailer sells.
depth of assortment
recession
capital spending
product differentiation
33. An economic sanction that forbids the import of a specific product or all products from a specific country.
embargo
trademark
EDI
till
34. Goods bought for private use.
social stratification
consumer goods
AFL/CIO
central business district
35. When a price has been cut.
reduced
urban
allocation
money supply
36. 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.
employee
vending machine
copycat
NGOs
37. When the amount borrowed to pay for a home is now more than the property is actually worth.
compliance
money supply
foreign exchange
negative equity
38. 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.
mission statement
till
myopic perspective
franchising
39. Hiring an external company to perform tasks for a company and reduce costs.
otc drug
greenfield site
outsourcing
benchmarking
40. When the exports a country makes exceed the imports.
urban
dealer brands
open source
trade surplus
41. Payments made like a bribe to encourage an official to allow something or get something done.
vending machine
sustainable development
grease payments
questionable payments
42. A voluntary sector or charity sector organization.
urban
not-for-profit
sustainability
markup
43. Sets of specific restraints imposed by governments on international trade.
sanctions
RPI
assessment
market skimming
44. Distribution of anything for use - including time or money.
social structure
dealer brands
allocation
market penetration
45. The total amount of money in circulation in a country.
BPI
money supply
inventory management
monopoly
46. The percentage of a household's income that is saved.
otc drug
mortgage
budget surplus
savings rate
47. Consumer goods that have a short life span - e.g. food or paper tissues.
reduced
supermarket
store
consumer non-durables
48. The way in which a company is controlled.
shelf warmer
markdown
negotiation
governance
49. A test or way of measuring something.
current account
assessment
dealer brands
vending machine
50. The percentage of people who do not have a job.
TUC
stockroom
capital spending
unemployment rate
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