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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 retailer that concentrates on selling one particular type of good.
business sector
economic growth
speciality store
mom-and-pop store
2. The violation of a law or right.
copyright
megamall
infringement
shareholder value
3. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
otc drug
discontinued
employee
leasehold
4. Trade Union Congress.
inventory
TUC
deficit spending
freehold
5. A collection of shops under one roof with a shared entrance and food area.
shopping centre
impulse purchase
direct selling
manufacturing
6. The total amount of money in circulation in a country.
GDP
niche strategy
money supply
megamall
7. Machine for processing sales - taking payments - giving change. Also know as a cash register.
till
Americorps
tariff
convenience store
8. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
sustainable
statutory
EPOS
tariff barriers
9. The buying and selling of government securities by a central bank in order to control the money supply.
open-market operations
budget surplus
intellectual property
market equilibrium
10. Usually software where the source code is made freely available for all users to change as they see fit.
grease payments
AAA
open source
constructive economic policies
11. A person or company from whom goods or services are bought.
supplier
customer
constructive economic policies
mission statement
12. The percentage of a household's income that is saved.
infringement
savings rate
core products
myopic perspective
13. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
factors of production
real GDP
intellectual property
monopoly
14. Imitating another company's ideas rather than developing your own.
Fed
copycat
TUC
duty
15. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
automatic reordering system
monopoly
foreign exchange
dead stock
16. The checking - ordering & processing of stock levels.
White paper
fiscal policies
inventory management
governance
17. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.
constructive economic policies
mission statement
counterfeit
leasehold
18. 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.
fake
self-service
supply chain
BPI
19. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
social stratification
money supply
AAA
employee
20. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
direct selling
FMCG
current account
blight
21. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
GDP
franchising
idle capacity
retail outlet
22. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
trademark
economic growth
store
factors of production
23. The system of organizations involved in moving a product from manufacturer to customer.
upswing
prime rate
supply chain
monetary policies
24. Connected with society and the way it is organized.
dead stock
duty
societal
White paper
25. The rate of interest at which US banks lend money to their best corporate customers.
prime rate
automatic reordering system
width of assortment
benchmarking
26. A period where there is little economic activity - high unemployment and much poverty.
consumer durables
depression
Fed
investment
27. A minimum income level below which people are officially poor.
duty
shelf warmer
dead stock
poverty line
28. The amount of wealth - money - comfort etc that a particular person - group or society has.
factors of production
standard of living
shareholder
governance
29. The legal right of the owner of a work over its control and distribution.
blight
copyright
store
compliance
30. Refers to the number of distinct goods or services a retailer offers.
competitive
boom
AAA
width of assortment
31. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
trademark
store loyalty
boom
shopping centre
32. The Federal Reserve - the US central banking system.
sustainability
White paper
Fed
stakeholder
33. Products that can hold their own against rival products in terms of price - features or quality.
CPI
competitive
manufacturing
greenbelt
34. Economic policies that use money e.g. interest rates or money supply as the major instruments.
money supply
checkout
monetary policies
GDP
35. Buying currency options that fix exchange rates for a period of time.
checkout
social stratification
currency hedging
sustainability
36. The total sum of goods and services in demand.
recession
aggregate demand
myopic perspective
WTO
37. Confederation of British Industry
CBI
store
balance of payments
trademark
38. An economic sanction that forbids the import of a specific product or all products from a specific country.
mom-and-pop store
product differentiation
embargo
Maastricht Treaty
39. A test or way of measuring something.
capital spending
assessment
greenbelt
real GDP
40. Development which can be done without harming the environment or natural resources.
dead stock
stock turnover
sustainable development
product differentiation
41. A voluntary sector or charity sector organization.
shareholder
freehold
EDI
not-for-profit
42. Items which a shop has and are available to buy.
constructive economic policies
in-stock
inventory
counterfeit
43. Patterns of relationships between different groups of society.
social structure
public-private partnership
oligopoly
franchising
44. How companies try to show their products as being different from those of their rivals.
product differentiation
EDI
compliance
non-tariff barriers
45. Economic policies designed to support business and help it expand.
copyright
NAFTA
governance
constructive economic policies
46. The support of a cause.
copycat
grease payments
embargo
advocacy
47. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
Nominal GDP
otc drug
counterfeit
WTO
48. A period of decline in economic activity.
foreign exchange
Americorps
recession
supply chain
49. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
recession
shareholder
protectionism
product differentiation
50. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
sustainable
open source
RPI
deficit spending