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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. Sets of specific restraints imposed by governments on international trade.
deficit spending
capital spending
mortgage
sanctions
2. An area of land which has never been built on.
CPI
greenfield site
direct selling
beneficiary
3. The checking - ordering & processing of stock levels.
standard of living
inventory management
consumer goods
prime rate
4. A self-service food store with grocery - meat and produce departments.
balance of trade
protectionism
supermarket
customer
5. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
markup
balance of payments
otc drug
quota
6. A shop or store.
width of assortment
open source
retail outlet
entrepreneurship
7. Value of the entire company as expressed by its market capitalization.
empowerment
shareholder value
advertising
infringement
8. 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.
idle capacity
franchising
product differentiation
vending machine
9. Something that is required by law.
mom-and-pop store
sanctions
cooperative
statutory
10. Consumer goods that have a short life span - e.g. food or paper tissues.
Maastricht Treaty
otc drug
consumer non-durables
volunteer
11. The total sum of a nation's outstanding debt.
inventory
dealer brands
inventory shrinkage
national debt
12. Shows the flows of money into and out of a country plus transfer payments.
CBD
balance of payments
tax haven
Americorps
13. Central Business District - the largest retail and office area of a city - also known as downtown
counterfeit
export controls
AAA
CBD
14. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
benchmarking
automatic reordering system
barter
in-stock
15. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
WTO
business cycle
unemployment rate
shelf warmer
16. When budget spending exceeds revenue.
outsourcing
budget deficit
quota
producer goods
17. The legal right of the owner of a work over its control and distribution.
budget deficit
copyright
blight
sustainability
18. The balance between interest rates and the demand for money.
market equilibrium
Fed
questionable payments
entrepreneurship
19. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
myopic perspective
speciality store
reduced
idle capacity
20. An imitation of a product made with the intent to defraud a customer.
EDI
dead stock
shopping centre
counterfeit
21. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
inventory
protectionism
department store
compliance
22. A voluntary sector or charity sector organization.
myopic perspective
not-for-profit
monetary policies
compliance
23. Agreement that provided the basis for the formation of the European Union.
Maastricht Treaty
greenbelt
sustainable development
stakeholder
24. A period of economic expansion.
retail outlet
cooperative
upswing
volunteer
25. A period of decline in economic activity.
store
recession
dead stock
target market
26. A country's exports minus its imports.
balance of trade
sustainable development
national debt
downswing
27. Machine for processing sales - taking payments - giving change. Also know as a cash register.
market penetration
EDI
till
tariff
28. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
supply chain
EDI
beneficiary
shareholder
29. Obstacles to international trade other than tariffs.
savings rate
discretionary income
PPP
non-tariff barriers
30. A retailer that concentrates on selling one particular type of good.
core products
WTO
speciality store
store
31. A consultation document that sets out the government's position on a certain issue.
shareholder
stock turnover
Green paper
new capital investment
32. Organization for Economic Cooperation and Development
discretionary income
inventory turnover
deficit spending
OECD
33. The amount of wealth - money - comfort etc that a particular person - group or society has.
standard of living
statutory
BPI
poverty line
34. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
CBI
consumer durables
trademark
target market
35. Items in a store which have not sold for a longer period of time.
processing
freehold
dead stock
boom
36. Buying currency options that fix exchange rates for a period of time.
currency hedging
consumer durables
current account
mission statement
37. Refers to the number of distinct goods or services a retailer offers.
width of assortment
AAA
core products
direct selling
38. The area of the economy that produces goods and provides services.
business sector
tax revenue
recession
new capital investment
39. Exclusive ownership of a property for an indefinite period of time.
freehold
FMCG
till
otc drug
40. A medicine which is available without first getting a prescription from a doctor.
retail outlet
over the counter drug
fiscal policies
competitive
41. The different layers within a society e.g. class - income - education.
infringement
producer goods
social stratification
leasehold
42. A range of many things or people that are very different from each other.
diversity
bulk discount
negative equity
budget deficit
43. An owner of shares or stocks in a company.
restrictive economic policies
balance of payments
manufacturing
shareholder
44. 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.
economic growth
franchising
fiscal policies
not-for-profit
45. The percentage of people who do not have a job.
poverty line
mortgage
aggregate demand
unemployment rate
46. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
checkout
depth of assortment
variety store
markdown
47. How companies try to show their products as being different from those of their rivals.
sustainability
counterfeit
product differentiation
shareholder
48. The difference between merchandise costs and retail selling price.
discretionary income
constructive economic policies
markup
intellectual property
49. Meeting accepted guidelines or laws.
compliance
poverty line
sanctions
product differentiation
50. Connected with society and the way it is organized.
societal
compliance
market skimming
vending machine