SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. Doing something (performing a process) to make a material ready for your requirments.
processing
over the counter drug
market equilibrium
national debt
2. Buying currency options that fix exchange rates for a period of time.
outsourcing
over the counter drug
currency hedging
idle capacity
3. Payments made like a bribe to encourage an official to allow something or get something done.
embargo
otc drug
grease payments
consumer durables
4. A collection of shops under one roof with a shared entrance and food area.
markup
benchmarking
shopping centre
reduced
5. The difference between merchandise costs and retail selling price.
non-tariff barriers
stakeholder
markup
open source
6. A period of very high economic activity.
new capital investment
over the counter drug
stock turnover
boom
7. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
direct selling
self-service
quota
dead stock
8. A large retail unit selling a wide variety of goods in separate departments.
discontinued
department store
central business district
impulse purchase
9. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
FDI
checkout
loyalty card
employee
10. Giving people the freedom to decide things and take responsibility for themselves.
empowerment
discontinued
customs
stockroom
11. The checking - ordering & processing of stock levels.
foreign exchange
WTO
inventory management
Americorps
12. Central Business District - the largest retail and office area of a city - also known as downtown
depth of assortment
convenience store
mortgage
CBD
13. The balance between interest rates and the demand for money.
current account
deficit spending
megamall
market equilibrium
14. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
not-for-profit
myopic perspective
producer goods
market penetration
15. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
embargo
width of assortment
dead stock
intellectual property
16. A card payment system where the cost of goods or services is immediately removed from a bank account.
benchmarking
debit-card system
intellectual property
customs
17. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
fake
WTO
market penetration
supplier
18. A period of economic expansion.
Green paper
upswing
market penetration
processing
19. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
convenience store
national debt
restrictive economic policies
investment
20. Machine for processing sales - giving change in a shop or restaurant.
balance of trade
money supply
self-service
checkout
21. Shows the flows of money into and out of a country plus transfer payments.
processing
balance of payments
store
over the counter drug
22. 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.
business cycle
upswing
inventory shrinkage
franchising
23. An area of land which has never been built on.
mortgage
impulse purchase
greenfield site
shareholder
24. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
poverty line
upswing
real GDP
greenfield site
25. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
discretionary income
employee
market equilibrium
self-service
26. The total sum of goods and services in demand.
customer
supply chain
aggregate demand
deficit spending
27. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
AAA
employee
deficit spending
myopic perspective
28. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
EPOS
trade surplus
customer
customs
29. Involving the use of natural resources and energy in a way that does not harm the environment.
sustainable
markup
savings rate
blight
30. American Federation of Labour / Association of Industrial Organizations
EPOS
bulk discount
AFL/CIO
shareholder
31. Business wholly owned by its employees with the emphasis on group decision making.
speciality store
prime rate
cooperative
retail outlet
32. Distribution of anything for use - including time or money.
standard of living
AFL/CIO
allocation
CPI
33. Something that is bought without being planned for.
public-private partnership
WTO
impulse purchase
competitive
34. Government policies to cool down an economy and prevent inflation during boom periods.
restrictive economic policies
statutory
aggregate demand
leasehold
35. The rate of interest at which US banks lend money to their best corporate customers.
vending machine
prime rate
depression
Americorps
36. Items which a shop has and are available to buy.
shopping centre
volunteer
sanctions
in-stock
37. The percentage of people who do not have a job.
shelf warmer
unemployment rate
convenience store
consumer goods
38. An imitation of a product made with the intent to defraud a customer.
markdown
counterfeit
negative equity
unemployment rate
39. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
advertising
urban
outsourcing
NGOs
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.
foreign exchange
social stratification
vending machine
investment
41. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
sustainable
budget surplus
Nominal GDP
new capital investment
42. The customer group a retailer wants to attract and satisfy.
downswing
beneficiary
PPP
target market
43. The resources used to produce goods and services - including land - labour - business and capital.
impulse purchase
public-private partnership
outsourcing
factors of production
44. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
Green paper
checkout
automatic reordering system
otc drug
45. A period where there is little economic activity - high unemployment and much poverty.
over the counter drug
economic growth
FMCG
depression
46. Multiple retail units under common ownership.
social structure
negotiation
store
chain
47. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
variety store
niche strategy
tariff
non-tariff barriers
48. When the exports a country makes exceed the imports.
trade surplus
Maastricht Treaty
loyalty card
processing
49. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
retail outlet
copycat
market skimming
GDP
50. A voluntary sector or charity sector organization.
subsidy
vending machine
AFL/CIO
not-for-profit