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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. Items which a shop has and are available to buy.
money supply
balance of payments
subsidy
in-stock
2. 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.
Maastricht Treaty
counterfeit
vending machine
business cycle
3. A period of economic expansion.
public-private partnership
automatic reordering system
real GDP
upswing
4. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
BPI
infringement
household sector
White paper
5. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.
BPI
width of assortment
core products
trade surplus
6. A test or way of measuring something.
assessment
inventory shrinkage
capital spending
loyalty card
7. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
deficit spending
shelf warmer
depth of assortment
WTO
8. Focusing on a more specific line of products or services in comparison to competitors.
greenbelt
niche strategy
entrepreneurship
negotiation
9. When a small number of companies control a certain market.
customer
questionable payments
national debt
oligopoly
10. Agreement that provided the basis for the formation of the European Union.
manufacturing
sustainable development
Maastricht Treaty
impulse purchase
11. Volunteer organization for young - disadvantaged Americans.
export controls
consumer non-durables
vending machine
Americorps
12. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
PPP
blight
protectionism
BPI
13. A small owner-operated store serving a local community.
negative equity
FDI
mom-and-pop store
greenbelt
14. Imitating another company's ideas rather than developing your own.
depression
standard of living
bulk discount
copycat
15. Statement of policy issued by a government which may form the basis of a future law.
dealer brands
Fed
White paper
store loyalty
16. Items sold in a store during a certain period measuring in number of units or value.
stock turnover
competitive
supplier
Maastricht Treaty
17. The checking - ordering & processing of stock levels.
inventory management
beneficiary
supplier
market equilibrium
18. Distribution of anything for use - including time or money.
shareholder value
allocation
new capital investment
supermarket
19. When budget spending exceeds revenue.
budget deficit
counterfeit
urban
new capital investment
20. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
household sector
store
chain
RPI
21. When governments try to stabilize economic activities by funding major projects from budget deficits.
deficit spending
monopoly
producer goods
counterfeit
22. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
barter
AFL/CIO
monetary policies
intellectual property
23. Connected with society and the way it is organized.
oligopoly
advertising
societal
variety store
24. A person or company from whom goods or services are bought.
household sector
Fed
supplier
CBI
25. Buying currency options that fix exchange rates for a period of time.
NGOs
depression
blight
currency hedging
26. Obstacles to international trade other than tariffs.
non-tariff barriers
White paper
loyalty card
NGOs
27. A financial instrument that facilitates payment from one currency to another.
WTO
shareholder
fiscal policies
foreign exchange
28. An owner of shares or stocks in a company.
shareholder
greenbelt
questionable payments
convenience store
29. An item which is no longer produced by a manufacturer or sold by a retailer.
markup
currency hedging
otc drug
discontinued
30. 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.
in-stock
current account
competitive
capital spending
31. Doing something (performing a process) to make a material ready for your requirments.
trade surplus
processing
manufacturing
copyright
32. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
greenfield site
economic growth
WTO
trademark
33. How companies try to show their products as being different from those of their rivals.
discontinued
greenbelt
product differentiation
inventory
34. The process of turning raw materials and parts into finished products.
manufacturing
discontinued
national debt
central business district
35. Government policies to cool down an economy and prevent inflation during boom periods.
freehold
restrictive economic policies
balance of trade
market equilibrium
36. When the amount borrowed to pay for a home is now more than the property is actually worth.
Americorps
markup
benchmarking
negative equity
37. Someone who does something without being paid for it - e.g. working for a charity.
balance of trade
not-for-profit
volunteer
freehold
38. When a price has been cut.
shelf warmer
shopping centre
reduced
shareholder value
39. A storeroom where items which cannot be put on display are stored.
customs
balance of payments
stockroom
prime rate
40. Something which is a copy or imitation.
self-service
grease payments
fake
balance of trade
41. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
FDI
sustainable
AAA
speciality store
42. An enormous planned shopping centre with hundreds of stores under one roof.
Nominal GDP
market skimming
negative equity
megamall
43. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
market equilibrium
franchising
convenience store
tariff
44. A range of many things or people that are very different from each other.
diversity
economic growth
CBI
markdown
45. The buying and selling of government securities by a central bank in order to control the money supply.
balance of payments
open-market operations
market equilibrium
national debt
46. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
dealer brands
discontinued
niche strategy
OECD
47. A period of decline in economic activity.
convenience store
oligopoly
central business district
recession
48. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
Maastricht Treaty
blight
greenfield site
EDI
49. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
sustainable development
BPI
FDI
self-service
50. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
monopoly
CBD
oligopoly
intellectual property