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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 skills and knowledge needed to start and run a company.
entrepreneurship
outsourcing
monetary policies
stockroom
2. Trade Union Congress.
grease payments
TUC
trade deficit
till
3. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
GDP
currency hedging
non-tariff barriers
new capital investment
4. When the imports into a country exceed the exports going out of a country.
non-tariff barriers
trade deficit
aggregate demand
target market
5. Focusing on a more specific line of products or services in comparison to competitors.
speciality store
upswing
urban
niche strategy
6. Something that is bought without being planned for.
impulse purchase
duty
volunteer
aggregate demand
7. The purchase of a financial product or other item of value with the hope that it will become more valuable.
advertising
investment
mortgage
inventory turnover
8. Confederation of British Industry
leasehold
width of assortment
consumer goods
CBI
9. The support of a cause.
advocacy
business sector
leasehold
greenfield site
10. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
CPI
vending machine
non-tariff barriers
automatic reordering system
11. The rare situation when budget spending is smaller than revenue.
budget surplus
monetary policies
quota
stock turnover
12. Imitating another company's ideas rather than developing your own.
supplier
copycat
debit-card system
national debt
13. The violation of a law or right.
processing
infringement
tax haven
money supply
14. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
greenbelt
shareholder
impulse purchase
copyright
15. Obstacles to international trade based on customs tariffs.
non-tariff barriers
depth of assortment
infringement
tariff barriers
16. The difference between merchandise costs and retail selling price.
markup
advertising
infringement
central business district
17. A collection of shops under one roof with a shared entrance and food area.
standard of living
NAFTA
shopping centre
discontinued
18. A shop or store.
retail outlet
inventory management
product differentiation
debit-card system
19. A government-imposed tax on imports.
consumer non-durables
discontinued
tariff
counterfeit
20. The legal right of the owner of a work over its control and distribution.
monopoly
copyright
governance
entrepreneurship
21. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
downswing
market penetration
trademark
business sector
22. The number of times during a period a business sells its inventory and replaces it.
balance of payments
inventory turnover
public-private partnership
business sector
23. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
depression
tax haven
shareholder
social structure
24. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
inventory management
real GDP
processing
idle capacity
25. Financial aid by the government to an individual or group to support an activity that is in the public interest.
market equilibrium
reduced
subsidy
monetary policies
26. Shows the flows of money into and out of a country plus transfer payments.
stockroom
direct selling
fake
balance of payments
27. The balance between interest rates and the demand for money.
quota
market equilibrium
myopic perspective
stockroom
28. When a customer regularly uses a store they know - like and trust.
investment
not-for-profit
manufacturing
store loyalty
29. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
inventory
myopic perspective
producer goods
reduced
30. Patterns of relationships between different groups of society.
in-stock
savings rate
social structure
fake
31. The rate of interest at which US banks lend money to their best corporate customers.
prime rate
negative equity
mom-and-pop store
mission statement
32. Giving people the freedom to decide things and take responsibility for themselves.
shareholder value
competitive
empowerment
sustainable
33. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
CPI
Nominal GDP
NGOs
mission statement
34. Buying currency options that fix exchange rates for a period of time.
advertising
allocation
cooperative
currency hedging
35. 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.
EDI
duty
investment
fiscal policies
36. A retail outlet.
markup
store
foreign exchange
questionable payments
37. Products that can hold their own against rival products in terms of price - features or quality.
greenbelt
stockroom
inventory
competitive
38. A self-service food store with grocery - meat and produce departments.
supermarket
over the counter drug
constructive economic policies
balance of trade
39. A tax imposed on imports by the customs authority of a country.
duty
franchising
budget surplus
real GDP
40. An item which is no longer produced by a manufacturer or sold by a retailer.
balance of payments
CPI
discontinued
supermarket
41. An imitation of a product made with the intent to defraud a customer.
competitive
over the counter drug
processing
counterfeit
42. A medicine which is available without first getting a prescription from a doctor.
monopoly
mom-and-pop store
questionable payments
over the counter drug
43. A period of decline in economic activity.
mom-and-pop store
Maastricht Treaty
recession
consumer non-durables
44. Items which a shop has and are available to buy.
store
in-stock
tariff barriers
CPI
45. An extremely adverse environmental condition.
RPI
in-stock
blight
negative equity
46. The variety of goods that a retailer sells.
central business district
societal
depth of assortment
sustainability
47. A person who works for someone else in exchange for payment.
employee
core products
investment
markdown
48. 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.
deficit spending
Fed
shopping centre
mission statement
49. 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.
dealer brands
capital spending
non-tariff barriers
foreign exchange
50. Items sold in a store during a certain period measuring in number of units or value.
stock turnover
questionable payments
sustainable
bulk discount