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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. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
boom
trademark
RPI
discontinued
2. The different layers within a society e.g. class - income - education.
width of assortment
inventory
bulk discount
social stratification
3. Machine for processing sales - giving change in a shop or restaurant.
Green paper
money supply
consumer durables
checkout
4. A period of shrinking economic activity.
downswing
statutory
oligopoly
mortgage
5. The purchase of a financial product or other item of value with the hope that it will become more valuable.
niche strategy
social structure
investment
EPOS
6. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
consumer non-durables
savings rate
self-service
OECD
7. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
shelf warmer
consumer goods
negotiation
empowerment
8. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
NAFTA
economic growth
dead stock
Americorps
9. A minimum income level below which people are officially poor.
OECD
prime rate
tariff
poverty line
10. The right to live in a home on a long-term tenancy.
leasehold
Nominal GDP
GDP
compliance
11. Financial aid by the government to an individual or group to support an activity that is in the public interest.
savings rate
subsidy
assessment
allocation
12. Sets of specific restraints imposed by governments on international trade.
sanctions
embargo
White paper
protectionism
13. An area of land which has never been built on.
BPI
monetary policies
till
greenfield site
14. When the exports a country makes exceed the imports.
consumer non-durables
trade surplus
factors of production
governance
15. The rare situation when budget spending is smaller than revenue.
freehold
budget surplus
franchising
checkout
16. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
sustainability
myopic perspective
discretionary income
negative equity
17. A period of economic expansion.
business cycle
CBD
upswing
dead stock
18. Obstacles to international trade other than tariffs.
downswing
WTO
non-tariff barriers
benchmarking
19. Something that is required by law.
statutory
core products
empowerment
protectionism
20. Organization for Economic Cooperation and Development
CBD
social structure
OECD
negative equity
21. Items sold in a store during a certain period measuring in number of units or value.
bulk discount
stock turnover
questionable payments
self-service
22. The percentage of people who do not have a job.
investment
unemployment rate
urban
competitive
23. When a customer regularly uses a store they know - like and trust.
store loyalty
store
quota
manufacturing
24. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
NIMBY
myopic perspective
Green paper
negotiation
25. Relating to cities or built up areas - not the countryside.
shareholder
urban
discontinued
fiscal policies
26. A medicine which is available without first getting a prescription from a doctor.
over the counter drug
tax haven
market skimming
aggregate demand
27. Volunteer organization for young - disadvantaged Americans.
Americorps
GDP
not-for-profit
variety store
28. The amount of wealth - money - comfort etc that a particular person - group or society has.
standard of living
budget surplus
producer goods
factors of production
29. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
protectionism
core products
freehold
shelf warmer
30. An individual or company buying from someone.
speciality store
customer
Green paper
embargo
31. Consumer goods that have a long life span - e.g. furniture.
direct selling
market penetration
consumer durables
inventory turnover
32. Trade Union Congress.
societal
counterfeit
TUC
export controls
33. A tax imposed on imports by the customs authority of a country.
factors of production
duty
infringement
processing
34. A collection of shops under one roof with a shared entrance and food area.
store loyalty
shopping centre
impulse purchase
Americorps
35. Meeting accepted guidelines or laws.
savings rate
retail outlet
compliance
over the counter drug
36. A period of very high economic activity.
downswing
boom
new capital investment
processing
37. Refers to the number of distinct goods or services a retailer offers.
supplier
capital spending
width of assortment
department store
38. Giving people the freedom to decide things and take responsibility for themselves.
depth of assortment
empowerment
department store
open source
39. A retail outlet.
new capital investment
store
BPI
customer
40. The skills and knowledge needed to start and run a company.
manufacturing
inventory
entrepreneurship
NIMBY
41. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
variety store
niche strategy
outsourcing
WTO
42. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
intellectual property
poverty line
non-tariff barriers
EPOS
43. A way of measuring performance by comparing a company to similar ones.
vending machine
White paper
benchmarking
FDI
44. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
markup
trademark
dead stock
stakeholder
45. Agreement that provided the basis for the formation of the European Union.
balance of payments
Maastricht Treaty
outsourcing
convenience store
46. Hiring an external company to perform tasks for a company and reduce costs.
outsourcing
statutory
leasehold
impulse purchase
47. Economic policies that use money e.g. interest rates or money supply as the major instruments.
outsourcing
monetary policies
questionable payments
target market
48. A company's main products - e.g. Opel's core product is cars.
core products
investment
central business district
balance of payments
49. Confederation of British Industry
market skimming
EDI
CBI
entrepreneurship
50. When a private company provides a public service in agreement with a government or council.
non-tariff barriers
public-private partnership
CBD
money supply