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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. Shows the flows of money into and out of a country plus transfer payments.
duty
GDP
Americorps
balance of payments
2. An individual or company buying from someone.
deficit spending
customer
societal
Green paper
3. Items in a store which have not sold for a longer period of time.
upswing
greenbelt
monopoly
dead stock
4. Relating to cities or built up areas - not the countryside.
urban
FMCG
counterfeit
freehold
5. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
monetary policies
savings rate
idle capacity
FMCG
6. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
consumer non-durables
market penetration
till
Nominal GDP
7. Process of communicating back and forth until an agreement has been reached.
consumer non-durables
CBI
negotiation
CPI
8. A card payment system where the cost of goods or services is immediately removed from a bank account.
customs
debit-card system
niche strategy
FMCG
9. The different layers within a society e.g. class - income - education.
shareholder value
social stratification
fake
trademark
10. A tax imposed on imports by the customs authority of a country.
monetary policies
depression
supermarket
duty
11. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
otc drug
store
mission statement
business sector
12. Items which a shop has and are available to buy.
in-stock
investment
depression
markup
13. Refers to the number of distinct goods or services a retailer offers.
supermarket
self-service
cooperative
width of assortment
14. When a price has been cut.
deficit spending
reduced
NIMBY
social structure
15. The money a state earns via taxation.
myopic perspective
tax revenue
AAA
social structure
16. Something that is bought without being planned for.
foreign exchange
competitive
CBD
impulse purchase
17. The Federal Reserve - the US central banking system.
market skimming
negative equity
subsidy
Fed
18. A voluntary sector or charity sector organization.
unemployment rate
subsidy
inventory management
not-for-profit
19. An item which is no longer produced by a manufacturer or sold by a retailer.
vending machine
urban
in-stock
discontinued
20. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
sustainability
real GDP
stakeholder
duty
21. Someone who does something without being paid for it - e.g. working for a charity.
inventory
convenience store
public-private partnership
volunteer
22. A consultation document that sets out the government's position on a certain issue.
inventory management
depression
myopic perspective
Green paper
23. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
depression
AAA
advocacy
urban
24. The balance between interest rates and the demand for money.
inventory
current account
market equilibrium
department store
25. Multiple retail units under common ownership.
sanctions
NGOs
chain
beneficiary
26. When budget spending exceeds revenue.
central business district
budget deficit
business sector
mission statement
27. Value of the entire company as expressed by its market capitalization.
duty
stock turnover
shareholder value
NIMBY
28. When the amount borrowed to pay for a home is now more than the property is actually worth.
monopoly
negative equity
market equilibrium
real GDP
29. Goods bought for private use.
dead stock
consumer goods
customs
NIMBY
30. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
trademark
current account
economic growth
freehold
31. The rare situation when budget spending is smaller than revenue.
budget surplus
subsidy
business sector
non-tariff barriers
32. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
non-tariff barriers
currency hedging
otc drug
trademark
33. Something that is required by law.
blight
statutory
monetary policies
leasehold
34. The amount of money a person has left after paying taxes and buying necessities.
discretionary income
BPI
non-tariff barriers
variety store
35. When a private company provides a public service in agreement with a government or council.
social structure
public-private partnership
central business district
beneficiary
36. Focusing on a more specific line of products or services in comparison to competitors.
Americorps
depression
niche strategy
core products
37. Obstacles to international trade based on customs tariffs.
aggregate demand
discontinued
tariff barriers
negotiation
38. A small owner-operated store serving a local community.
mom-and-pop store
consumer goods
balance of payments
standard of living
39. The skills and knowledge needed to start and run a company.
tax haven
sustainable
entrepreneurship
compliance
40. 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.
AAA
recession
vending machine
store loyalty
41. An extremely adverse environmental condition.
shareholder
EDI
budget deficit
blight
42. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
customer
inventory
greenbelt
stakeholder
43. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
aggregate demand
public-private partnership
current account
NGOs
44. A self-service food store with grocery - meat and produce departments.
supermarket
stakeholder
shopping centre
FDI
45. A person or organization which receives money from a charity.
current account
beneficiary
till
megamall
46. The total sum of a nation's outstanding debt.
budget surplus
societal
foreign exchange
national debt
47. Exclusive ownership of a property for an indefinite period of time.
store
freehold
sustainability
negative equity
48. The violation of a law or right.
infringement
Fed
mom-and-pop store
savings rate
49. When a small number of companies control a certain market.
oligopoly
Americorps
over the counter drug
shelf warmer
50. A period where there is little economic activity - high unemployment and much poverty.
duty
depression
NIMBY
balance of trade