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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. A government-imposed tax on imports.
reduced
greenbelt
tariff
new capital investment
2. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
copycat
CPI
shareholder
currency hedging
3. The amount of money a person has left after paying taxes and buying necessities.
consumer goods
new capital investment
discretionary income
tax haven
4. A range of many things or people that are very different from each other.
WTO
shopping centre
diversity
consumer non-durables
5. An owner of shares or stocks in a company.
checkout
CBI
shareholder
trade surplus
6. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
trade surplus
markdown
tax haven
unemployment rate
7. A person or company from whom goods or services are bought.
greenbelt
target market
CBD
supplier
8. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
questionable payments
sanctions
FMCG
entrepreneurship
9. The purchase of a financial product or other item of value with the hope that it will become more valuable.
counterfeit
store
EPOS
investment
10. A way of measuring performance by comparing a company to similar ones.
shelf warmer
RPI
benchmarking
leasehold
11. An enormous planned shopping centre with hundreds of stores under one roof.
inventory turnover
shareholder
megamall
GDP
12. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
savings rate
questionable payments
in-stock
real GDP
13. 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.
money supply
governance
TUC
capital spending
14. Economic policies that use money e.g. interest rates or money supply as the major instruments.
fake
benchmarking
monetary policies
entrepreneurship
15. The support of a cause.
investment
advocacy
non-tariff barriers
discretionary income
16. A retail outlet.
outsourcing
factors of production
store
AAA
17. The total amount of money in circulation in a country.
PPP
FMCG
money supply
chain
18. A small owner-operated store serving a local community.
monetary policies
till
inventory turnover
mom-and-pop store
19. A period of shrinking economic activity.
store
downswing
depth of assortment
debit-card system
20. The amount of wealth - money - comfort etc that a particular person - group or society has.
otc drug
inventory turnover
till
standard of living
21. When budget spending exceeds revenue.
store
compliance
budget deficit
speciality store
22. A large retail unit selling a wide variety of goods in separate departments.
department store
prime rate
dead stock
copycat
23. An economic sanction that forbids the import of a specific product or all products from a specific country.
embargo
debit-card system
advocacy
over the counter drug
24. Focusing on a more specific line of products or services in comparison to competitors.
niche strategy
savings rate
current account
consumer durables
25. Items which a shop has and are available to buy.
in-stock
market skimming
factors of production
boom
26. An imitation of a product made with the intent to defraud a customer.
central business district
counterfeit
fake
shopping centre
27. The hub of retailing in a city - where the most office buildings and retail stores are.
CBI
central business district
copyright
tax revenue
28. An extremely adverse environmental condition.
blight
tax revenue
retail outlet
allocation
29. Volunteer organization for young - disadvantaged Americans.
shelf warmer
Americorps
processing
tax haven
30. A reduction in price offered when buying an item in higher quantities.
national debt
grease payments
money supply
bulk discount
31. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
department store
franchising
BPI
variety store
32. A test or way of measuring something.
assessment
capital spending
blight
subsidy
33. Usually software where the source code is made freely available for all users to change as they see fit.
consumer durables
open source
NIMBY
CBD
34. The area of the economy that produces goods and provides services.
stockroom
business sector
customs
employee
35. When the imports into a country exceed the exports going out of a country.
assessment
poverty line
volunteer
trade deficit
36. Refers to the number of distinct goods or services a retailer offers.
customs
width of assortment
shareholder
prime rate
37. Something that is bought without being planned for.
impulse purchase
open source
product differentiation
customer
38. A company's main products - e.g. Opel's core product is cars.
processing
reduced
core products
cooperative
39. Items sold in a store during a certain period measuring in number of units or value.
consumer durables
volunteer
stock turnover
self-service
40. Obstacles to international trade based on customs tariffs.
supply chain
PPP
AFL/CIO
tariff barriers
41. Someone who does something without being paid for it - e.g. working for a charity.
volunteer
Fed
dead stock
tariff
42. A consultation document that sets out the government's position on a certain issue.
White paper
boom
protectionism
Green paper
43. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
monopoly
subsidy
foreign exchange
open source
44. A shop or store.
competitive
foreign exchange
retail outlet
megamall
45. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
compliance
WTO
Americorps
cooperative
46. Consumer goods that have a long life span - e.g. furniture.
processing
width of assortment
business cycle
consumer durables
47. Something which is a copy or imitation.
fake
upswing
balance of trade
assessment
48. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
monopoly
market penetration
self-service
subsidy
49. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
department store
capital spending
direct selling
diversity
50. A person or organization which receives money from a charity.
upswing
beneficiary
department store
supply chain