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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. The sum of money invested in new or additional equipment.
manufacturing
niche strategy
new capital investment
societal
2. The hub of retailing in a city - where the most office buildings and retail stores are.
myopic perspective
depth of assortment
dead stock
central business district
3. Financial aid by the government to an individual or group to support an activity that is in the public interest.
infringement
societal
subsidy
advocacy
4. A period where there is little economic activity - high unemployment and much poverty.
unemployment rate
statutory
barter
depression
5. A retail outlet.
store loyalty
mortgage
store
aggregate demand
6. An individual or company buying from someone.
mom-and-pop store
oligopoly
customer
benchmarking
7. Relating to cities or built up areas - not the countryside.
tariff
urban
national debt
employee
8. A card payment system where the cost of goods or services is immediately removed from a bank account.
outsourcing
reduced
assessment
debit-card system
9. A large - long-term loan taken out to pay for a house.
benchmarking
social stratification
mortgage
monetary policies
10. 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
copycat
chain
empowerment
11. A person or company from whom goods or services are bought.
core products
volunteer
supplier
niche strategy
12. Items sold in a store during a certain period measuring in number of units or value.
stock turnover
direct selling
monopoly
societal
13. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
variety store
customs
depth of assortment
NGOs
14. An imitation of a product made with the intent to defraud a customer.
counterfeit
EPOS
processing
open-market operations
15. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
retail outlet
economic growth
greenfield site
NAFTA
16. The percentage of people who do not have a job.
volunteer
budget deficit
niche strategy
unemployment rate
17. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.
consumer non-durables
FDI
balance of trade
customs
18. Machine for processing sales - giving change in a shop or restaurant.
negotiation
inventory
checkout
currency hedging
19. A country's exports minus its imports.
sustainable
boom
balance of trade
employee
20. When a small number of companies control a certain market.
oligopoly
supply chain
poverty line
social structure
21. 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.
PPP
poverty line
capital spending
intellectual property
22. Central Business District - the largest retail and office area of a city - also known as downtown
standard of living
GDP
CBD
mom-and-pop store
23. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.
blight
markup
shelf warmer
franchising
24. When budget spending exceeds revenue.
NIMBY
budget deficit
supplier
shareholder
25. Buying currency options that fix exchange rates for a period of time.
poverty line
negotiation
grease payments
currency hedging
26. A period of decline in economic activity.
mom-and-pop store
statutory
recession
consumer non-durables
27. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
currency hedging
inventory
advocacy
GDP
28. The area of the economy that produces goods and provides services.
standard of living
business sector
supplier
economic growth
29. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
household sector
central business district
tax haven
PPP
30. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
OECD
consumer durables
width of assortment
shelf warmer
31. The total sum of goods and services in demand.
processing
blight
tariff
aggregate demand
32. Economic policies that use money e.g. interest rates or money supply as the major instruments.
currency hedging
otc drug
monetary policies
balance of trade
33. Goods bought for private use.
in-stock
Americorps
consumer goods
tax revenue
34. A person who works for someone else in exchange for payment.
Americorps
employee
franchising
protectionism
35. A self-service food store with grocery - meat and produce departments.
in-stock
copycat
loyalty card
supermarket
36. Something that is bought without being planned for.
convenience store
impulse purchase
market equilibrium
chain
37. Multiple retail units under common ownership.
monopoly
CPI
deficit spending
chain
38. Obstacles to international trade other than tariffs.
unemployment rate
sustainability
shareholder value
non-tariff barriers
39. An area of land which has never been built on.
NIMBY
greenfield site
stakeholder
markup
40. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
inventory
business cycle
myopic perspective
GDP
41. A medicine which is available without first getting a prescription from a doctor.
over the counter drug
self-service
convenience store
bulk discount
42. Distribution of anything for use - including time or money.
trademark
aggregate demand
volunteer
allocation
43. The legal right of the owner of a work over its control and distribution.
restrictive economic policies
unemployment rate
copyright
open-market operations
44. A voluntary sector or charity sector organization.
tariff barriers
not-for-profit
WTO
automatic reordering system
45. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
shopping centre
inventory
greenbelt
factors of production
46. The violation of a law or right.
infringement
Fed
standard of living
monetary policies
47. Confederation of British Industry
mortgage
infringement
recession
CBI
48. When a company reduces their output during a recession they have excess or idle capacity.
idle capacity
supermarket
stock turnover
counterfeit
49. Agreement that provided the basis for the formation of the European Union.
infringement
compliance
open-market operations
Maastricht Treaty
50. Focusing on a more specific line of products or services in comparison to competitors.
niche strategy
tax revenue
dealer brands
CBD