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Test your basic knowledge |
Business English Vocab Test
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Subjects
:
business-skills
,
english
,
vocabulary
Instructions:
Answer 50 questions in 15 minutes.
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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 sign or symbol used by a company such as the Nike swish logo which is protected by law.
trademark
subsidy
till
greenfield site
2. An economic sanction that forbids the import of a specific product or all products from a specific country.
embargo
factors of production
compliance
speciality store
3. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
market penetration
cooperative
NAFTA
questionable payments
4. An owner of shares or stocks in a company.
markdown
EPOS
over the counter drug
shareholder
5. When a small number of companies control a certain market.
household sector
oligopoly
compliance
BPI
6. When the imports into a country exceed the exports going out of a country.
constructive economic policies
new capital investment
tariff barriers
trade deficit
7. The total sum of a nation's outstanding debt.
oligopoly
national debt
dead stock
greenbelt
8. A large retail unit selling a wide variety of goods in separate departments.
intellectual property
upswing
Americorps
department store
9. Goods bought and used by companies - such as machines. Also known as capital goods.
questionable payments
producer goods
blight
monopoly
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.
national debt
mission statement
convenience store
debit-card system
11. A small owner-operated store serving a local community.
mom-and-pop store
reduced
open source
White paper
12. 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.
current account
dealer brands
subsidy
vending machine
13. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
AAA
trademark
stock turnover
sustainability
14. A consultation document that sets out the government's position on a certain issue.
freehold
recession
urban
Green paper
15. When the amount borrowed to pay for a home is now more than the property is actually worth.
negative equity
recession
blight
beneficiary
16. A test or way of measuring something.
EPOS
savings rate
current account
assessment
17. Buying currency options that fix exchange rates for a period of time.
store
national debt
currency hedging
competitive
18. American Federation of Labour / Association of Industrial Organizations
self-service
real GDP
AFL/CIO
copycat
19. Patterns of relationships between different groups of society.
EDI
social structure
empowerment
upswing
20. The total sum of goods and services in demand.
aggregate demand
inventory
markdown
shareholder value
21. Economic policies that use money e.g. interest rates or money supply as the major instruments.
supplier
central business district
monetary policies
Green paper
22. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
protectionism
markdown
NIMBY
monetary policies
23. The different layers within a society e.g. class - income - education.
depression
balance of trade
social stratification
boom
24. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
sustainability
retail outlet
inventory management
loyalty card
25. Organization for Economic Cooperation and Development
protectionism
statutory
OECD
EDI
26. Trade Union Congress.
TUC
empowerment
store loyalty
business cycle
27. Refers to the number of distinct goods or services a retailer offers.
width of assortment
shareholder value
inventory management
customer
28. Items which a shop has and are available to buy.
deficit spending
constructive economic policies
in-stock
inventory turnover
29. A government-imposed tax on imports.
employee
central business district
balance of payments
tariff
30. A card payment system where the cost of goods or services is immediately removed from a bank account.
debit-card system
restrictive economic policies
dead stock
depression
31. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
FMCG
business cycle
product differentiation
constructive economic policies
32. When budget spending exceeds revenue.
budget deficit
FMCG
embargo
social stratification
33. Sets of specific restraints imposed by governments on international trade.
open source
sanctions
budget deficit
store loyalty
34. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
greenbelt
trade surplus
myopic perspective
stock turnover
35. The rate of interest at which US banks lend money to their best corporate customers.
prime rate
automatic reordering system
advocacy
capital spending
36. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
NIMBY
household sector
CBI
producer goods
37. A reduction in the selling price of an item in order to increase sales.
supermarket
Green paper
markdown
PPP
38. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
embargo
monopoly
social stratification
governance
39. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
assessment
money supply
statutory
EDI
40. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
tax haven
NGOs
leasehold
trade deficit
41. A collection of shops under one roof with a shared entrance and food area.
counterfeit
negative equity
shopping centre
aggregate demand
42. Connected with society and the way it is organized.
poverty line
societal
competitive
social structure
43. The resources used to produce goods and services - including land - labour - business and capital.
factors of production
social structure
central business district
processing
44. Development which can be done without harming the environment or natural resources.
checkout
sustainable development
statutory
tax haven
45. The variety of goods that a retailer sells.
checkout
household sector
depth of assortment
poverty line
46. Distribution of anything for use - including time or money.
allocation
employee
retail outlet
direct selling
47. The system of organizations involved in moving a product from manufacturer to customer.
loyalty card
monopoly
supply chain
budget deficit
48. A reduction in price offered when buying an item in higher quantities.
BPI
bulk discount
prime rate
subsidy
49. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
loyalty card
trade deficit
monetary policies
fiscal policies
50. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
market penetration
constructive economic policies
budget surplus
EDI
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