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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. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
fiscal policies
vending machine
greenfield site
inventory shrinkage
2. Buying currency options that fix exchange rates for a period of time.
inventory management
otc drug
currency hedging
shelf warmer
3. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
benchmarking
over the counter drug
foreign exchange
direct selling
4. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
real GDP
CPI
markup
FMCG
5. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
barter
otc drug
convenience store
impulse purchase
6. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
automatic reordering system
franchising
Green paper
RPI
7. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
FDI
budget surplus
freehold
new capital investment
8. The rare situation when budget spending is smaller than revenue.
budget surplus
Americorps
sustainability
niche strategy
9. Trade Union Congress.
entrepreneurship
public-private partnership
advertising
TUC
10. The customer group a retailer wants to attract and satisfy.
copyright
inventory management
sustainable
target market
11. A company's main products - e.g. Opel's core product is cars.
megamall
depression
Fed
core products
12. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
public-private partnership
market penetration
questionable payments
tax haven
13. The Federal Reserve - the US central banking system.
EPOS
non-tariff barriers
Fed
household sector
14. Agreement that provided the basis for the formation of the European Union.
employee
current account
in-stock
Maastricht Treaty
15. Development which can be done without harming the environment or natural resources.
deficit spending
sustainable development
constructive economic policies
business sector
16. A government-imposed tax on imports.
questionable payments
tariff
freehold
megamall
17. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
NGOs
factors of production
discontinued
intellectual property
18. 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.
automatic reordering system
shareholder
infringement
current account
19. When the amount borrowed to pay for a home is now more than the property is actually worth.
negative equity
EPOS
benchmarking
downswing
20. Items in a store which have not sold for a longer period of time.
consumer durables
standard of living
stakeholder
dead stock
21. A voluntary sector or charity sector organization.
market equilibrium
manufacturing
not-for-profit
entrepreneurship
22. Involving the use of natural resources and energy in a way that does not harm the environment.
sustainable
dealer brands
NGOs
vending machine
23. 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?
retail outlet
PPP
shopping centre
direct selling
24. A consultation document that sets out the government's position on a certain issue.
vending machine
inventory shrinkage
Green paper
societal
25. The rate of interest at which US banks lend money to their best corporate customers.
BPI
inventory management
target market
prime rate
26. Payments made like a bribe to encourage an official to allow something or get something done.
Green paper
WTO
grease payments
inventory turnover
27. A period of decline in economic activity.
recession
public-private partnership
central business district
BPI
28. Meeting accepted guidelines or laws.
compliance
budget deficit
allocation
boom
29. A retailer that concentrates on selling one particular type of good.
oligopoly
copyright
speciality store
TUC
30. Goods bought and used by companies - such as machines. Also known as capital goods.
producer goods
franchising
volunteer
allocation
31. A minimum income level below which people are officially poor.
poverty line
constructive economic policies
empowerment
speciality store
32. The balance between interest rates and the demand for money.
balance of trade
niche strategy
inventory turnover
market equilibrium
33. Central Business District - the largest retail and office area of a city - also known as downtown
CBD
sustainable
myopic perspective
public-private partnership
34. An economic sanction that forbids the import of a specific product or all products from a specific country.
convenience store
embargo
variety store
bulk discount
35. Obstacles to international trade other than tariffs.
non-tariff barriers
grease payments
White paper
consumer durables
36. The sum of money invested in new or additional equipment.
new capital investment
public-private partnership
volunteer
product differentiation
37. The variety of goods that a retailer sells.
empowerment
depth of assortment
otc drug
budget deficit
38. A storeroom where items which cannot be put on display are stored.
NAFTA
depression
stockroom
store loyalty
39. A medicine which is available without first getting a prescription from a doctor.
over the counter drug
variety store
national debt
investment
40. Business wholly owned by its employees with the emphasis on group decision making.
cooperative
supplier
non-tariff barriers
megamall
41. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
market penetration
EDI
sustainability
mortgage
42. When a private company provides a public service in agreement with a government or council.
market equilibrium
checkout
non-tariff barriers
public-private partnership
43. Obstacles to international trade based on customs tariffs.
myopic perspective
supply chain
depth of assortment
tariff barriers
44. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
greenbelt
central business district
monetary policies
sanctions
45. The legal right of the owner of a work over its control and distribution.
copyright
markdown
questionable payments
Fed
46. Consumer goods that have a long life span - e.g. furniture.
shareholder value
loyalty card
debit-card system
consumer durables
47. Machine for processing sales - taking payments - giving change. Also know as a cash register.
till
supply chain
vending machine
blight
48. 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.
governance
vending machine
negotiation
sustainable development
49. American Federation of Labour / Association of Industrial Organizations
CBD
AFL/CIO
discontinued
competitive
50. The checking - ordering & processing of stock levels.
department store
tariff barriers
inventory management
reduced