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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. 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
AAA
inventory management
employee
2. A small owner-operated store serving a local community.
inventory shrinkage
mom-and-pop store
boom
direct selling
3. Organization for Economic Cooperation and Development
over the counter drug
public-private partnership
standard of living
OECD
4. A period of economic expansion.
budget deficit
shareholder
consumer non-durables
upswing
5. American Federation of Labour / Association of Industrial Organizations
AFL/CIO
customer
store loyalty
infringement
6. The system of organizations involved in moving a product from manufacturer to customer.
copycat
market penetration
copyright
supply chain
7. A person or organization which receives money from a charity.
idle capacity
beneficiary
investment
loyalty card
8. 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
statutory
automatic reordering system
outsourcing
9. Sets of specific restraints imposed by governments on international trade.
negotiation
boom
sanctions
recession
10. A consultation document that sets out the government's position on a certain issue.
vending machine
markup
Green paper
trademark
11. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
consumer non-durables
trademark
trade deficit
money supply
12. An enormous planned shopping centre with hundreds of stores under one roof.
downswing
megamall
AAA
depth of assortment
13. Machine for processing sales - taking payments - giving change. Also know as a cash register.
till
household sector
NGOs
market skimming
14. Usually software where the source code is made freely available for all users to change as they see fit.
mom-and-pop store
fiscal policies
open source
fake
15. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
depression
leasehold
stakeholder
restrictive economic policies
16. Payments made like a bribe to encourage an official to allow something or get something done.
intellectual property
discontinued
EPOS
grease payments
17. When the exports a country makes exceed the imports.
employee
trade surplus
grease payments
department store
18. A voluntary sector or charity sector organization.
width of assortment
bulk discount
recession
not-for-profit
19. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
chain
urban
store loyalty
AAA
20. A large retail unit selling a wide variety of goods in separate departments.
oligopoly
department store
blight
social stratification
21. The hub of retailing in a city - where the most office buildings and retail stores are.
AAA
social structure
loyalty card
central business district
22. Exclusive ownership of a property for an indefinite period of time.
BPI
stakeholder
freehold
tax revenue
23. The way in which a company is controlled.
FDI
governance
oligopoly
inventory
24. A collection of shops under one roof with a shared entrance and food area.
aggregate demand
counterfeit
budget surplus
shopping centre
25. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.
open source
negative equity
discretionary income
current account
26. Meeting accepted guidelines or laws.
unemployment rate
tariff
counterfeit
compliance
27. An imitation of a product made with the intent to defraud a customer.
counterfeit
upswing
stockroom
sustainable
28. A retailer that concentrates on selling one particular type of good.
quota
speciality store
target market
balance of payments
29. Value of the entire company as expressed by its market capitalization.
shareholder value
tax revenue
monopoly
upswing
30. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
FMCG
FDI
mortgage
market penetration
31. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
stakeholder
EPOS
supplier
household sector
32. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
governance
intellectual property
AAA
loyalty card
33. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
recession
protectionism
fake
in-stock
34. Financial aid by the government to an individual or group to support an activity that is in the public interest.
subsidy
automatic reordering system
discretionary income
boom
35. Giving people the freedom to decide things and take responsibility for themselves.
counterfeit
greenbelt
store
empowerment
36. 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.
consumer goods
barter
capital spending
chain
37. When budget spending exceeds revenue.
myopic perspective
market equilibrium
budget deficit
questionable payments
38. An extremely adverse environmental condition.
blight
variety store
grease payments
not-for-profit
39. 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?
PPP
greenbelt
till
societal
40. A self-service food store with grocery - meat and produce departments.
downswing
FDI
FMCG
supermarket
41. When a customer regularly uses a store they know - like and trust.
WTO
store loyalty
core products
shopping centre
42. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.
BPI
boom
new capital investment
Maastricht Treaty
43. Central Business District - the largest retail and office area of a city - also known as downtown
CBD
consumer durables
greenfield site
market skimming
44. Something that is required by law.
money supply
unemployment rate
statutory
self-service
45. A government-imposed tax on imports.
governance
central business district
EDI
tariff
46. A shop or store.
retail outlet
beneficiary
intellectual property
market equilibrium
47. The money a state earns via taxation.
foreign exchange
tax revenue
entrepreneurship
over the counter drug
48. Statement of policy issued by a government which may form the basis of a future law.
Green paper
White paper
budget deficit
TUC
49. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
outsourcing
stakeholder
automatic reordering system
cooperative
50. Products that can hold their own against rival products in terms of price - features or quality.
deficit spending
TUC
open source
competitive