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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. A range of many things or people that are very different from each other.
otc drug
quota
diversity
shelf warmer
2. A consultation document that sets out the government's position on a certain issue.
Green paper
statutory
AAA
non-tariff barriers
3. Someone who does something without being paid for it - e.g. working for a charity.
public-private partnership
current account
volunteer
shareholder
4. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
BPI
stakeholder
money supply
advocacy
5. An owner of shares or stocks in a company.
standard of living
freehold
CPI
shareholder
6. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.
customs
restrictive economic policies
market penetration
vending machine
7. A person or organization which receives money from a charity.
trade deficit
balance of payments
market skimming
beneficiary
8. The variety of goods that a retailer sells.
tariff
greenfield site
depth of assortment
consumer non-durables
9. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
supplier
dead stock
recession
EPOS
10. When the imports into a country exceed the exports going out of a country.
boom
poverty line
trade deficit
FDI
11. The area of the economy that produces goods and provides services.
standard of living
beneficiary
business sector
Maastricht Treaty
12. Usually software where the source code is made freely available for all users to change as they see fit.
discretionary income
White paper
product differentiation
open source
13. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
household sector
inventory
intellectual property
White paper
14. 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.
poverty line
capital spending
customs
subsidy
15. American Federation of Labour / Association of Industrial Organizations
producer goods
AFL/CIO
constructive economic policies
copycat
16. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
processing
shelf warmer
dealer brands
supermarket
17. Regular fluctuations in overall economic activity over time.
business cycle
advertising
recession
speciality store
18. A person or company from whom goods or services are bought.
supplier
social stratification
investment
unemployment rate
19. Volunteer organization for young - disadvantaged Americans.
Americorps
tariff barriers
empowerment
impulse purchase
20. The different layers within a society e.g. class - income - education.
social stratification
customs
shopping centre
grease payments
21. A period where there is little economic activity - high unemployment and much poverty.
depression
benchmarking
not-for-profit
negative equity
22. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
stock turnover
WTO
store loyalty
debit-card system
23. A reduction in price offered when buying an item in higher quantities.
processing
NAFTA
open-market operations
bulk discount
24. A period of decline in economic activity.
recession
trade deficit
monopoly
factors of production
25. Involving the use of natural resources and energy in a way that does not harm the environment.
standard of living
copycat
FDI
sustainable
26. Process of communicating back and forth until an agreement has been reached.
mission statement
negotiation
employee
quota
27. A card payment system where the cost of goods or services is immediately removed from a bank account.
till
dead stock
depression
debit-card system
28. The total sum of goods and services in demand.
store
sustainable
aggregate demand
advocacy
29. Organization for Economic Cooperation and Development
PPP
store
beneficiary
OECD
30. Central Business District - the largest retail and office area of a city - also known as downtown
CBD
tax haven
markdown
customer
31. The way in which a company is controlled.
societal
NGOs
governance
mission statement
32. A large - long-term loan taken out to pay for a house.
mortgage
depression
restrictive economic policies
blight
33. 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.
economic growth
product differentiation
vending machine
loyalty card
34. The checking - ordering & processing of stock levels.
dead stock
inventory management
upswing
compliance
35. Statement of policy issued by a government which may form the basis of a future law.
White paper
retail outlet
product differentiation
checkout
36. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
monopoly
beneficiary
supermarket
trademark
37. When the amount borrowed to pay for a home is now more than the property is actually worth.
negative equity
market skimming
real GDP
intellectual property
38. Meeting accepted guidelines or laws.
copyright
inventory shrinkage
checkout
compliance
39. Consumer goods that have a long life span - e.g. furniture.
bulk discount
processing
non-tariff barriers
consumer durables
40. Consumer goods that have a short life span - e.g. food or paper tissues.
consumer non-durables
NGOs
volunteer
variety store
41. Value of the entire company as expressed by its market capitalization.
downswing
shopping centre
shareholder value
stakeholder
42. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
constructive economic policies
budget surplus
convenience store
markdown
43. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
myopic perspective
NGOs
otc drug
inventory turnover
44. Exclusive ownership of a property for an indefinite period of time.
diversity
consumer non-durables
freehold
PPP
45. The money a state earns via taxation.
tax revenue
OECD
greenbelt
White paper
46. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
upswing
public-private partnership
inventory turnover
Nominal GDP
47. The Federal Reserve - the US central banking system.
NGOs
shareholder
TUC
Fed
48. A financial instrument that facilitates payment from one currency to another.
market equilibrium
copyright
core products
foreign exchange
49. The balance between interest rates and the demand for money.
market equilibrium
deficit spending
negotiation
downswing
50. An imitation of a product made with the intent to defraud a customer.
greenbelt
counterfeit
RPI
customs