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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. Connected with society and the way it is organized.
societal
volunteer
advocacy
central business district
2. Machine for processing sales - taking payments - giving change. Also know as a cash register.
shareholder
CPI
balance of trade
till
3. Consumer goods that have a long life span - e.g. furniture.
leasehold
product differentiation
consumer durables
vending machine
4. When a private company provides a public service in agreement with a government or council.
blight
bulk discount
counterfeit
public-private partnership
5. Agreement that provided the basis for the formation of the European Union.
department store
market penetration
Maastricht Treaty
Fed
6. American Federation of Labour / Association of Industrial Organizations
producer goods
AFL/CIO
central business district
advocacy
7. 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.
current account
monopoly
stockroom
shareholder value
8. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
inventory shrinkage
benchmarking
copycat
GDP
9. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
dead stock
consumer non-durables
RPI
myopic perspective
10. A medicine which is available without first getting a prescription from a doctor.
over the counter drug
shareholder
NIMBY
discretionary income
11. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
variety store
diversity
till
current account
12. System in which good or services are exchanged for other goods or services rather than cash.
intellectual property
NGOs
barter
discontinued
13. Value of the entire company as expressed by its market capitalization.
in-stock
store
fake
shareholder value
14. Items sold in a store during a certain period measuring in number of units or value.
tax haven
stockroom
stock turnover
market equilibrium
15. Items which a shop has and are available to buy.
in-stock
intellectual property
product differentiation
beneficiary
16. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
store
fiscal policies
trademark
balance of trade
17. A consultation document that sets out the government's position on a certain issue.
discontinued
not-for-profit
Green paper
GDP
18. The area of the economy that produces goods and provides services.
business sector
loyalty card
RPI
copycat
19. Financial aid by the government to an individual or group to support an activity that is in the public interest.
subsidy
not-for-profit
debit-card system
RPI
20. A shop or store.
oligopoly
money supply
retail outlet
reduced
21. Statement of policy issued by a government which may form the basis of a future law.
factors of production
CBI
duty
White paper
22. 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.
vending machine
empowerment
compliance
market skimming
23. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
standard of living
shopping centre
GDP
beneficiary
24. Regular fluctuations in overall economic activity over time.
niche strategy
business cycle
supplier
competitive
25. When budget spending exceeds revenue.
outsourcing
sustainable
budget deficit
cooperative
26. A voluntary sector or charity sector organization.
chain
not-for-profit
non-tariff barriers
empowerment
27. Products that can hold their own against rival products in terms of price - features or quality.
aggregate demand
stockroom
questionable payments
competitive
28. 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.
EPOS
PPP
sanctions
capital spending
29. A period of very high economic activity.
competitive
chain
boom
till
30. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
societal
loyalty card
dealer brands
household sector
31. Focusing on a more specific line of products or services in comparison to competitors.
over the counter drug
niche strategy
factors of production
grease payments
32. Involving the use of natural resources and energy in a way that does not harm the environment.
sustainable
outsourcing
core products
fiscal policies
33. When the exports a country makes exceed the imports.
intellectual property
balance of payments
savings rate
trade surplus
34. A way of measuring performance by comparing a company to similar ones.
recession
embargo
benchmarking
stock turnover
35. A reduction in price offered when buying an item in higher quantities.
inventory shrinkage
savings rate
stockroom
bulk discount
36. Something which is a copy or imitation.
barter
processing
fake
volunteer
37. When the amount borrowed to pay for a home is now more than the property is actually worth.
negative equity
monopoly
NIMBY
compliance
38. Refers to the number of distinct goods or services a retailer offers.
counterfeit
shelf warmer
franchising
width of assortment
39. An item which is no longer produced by a manufacturer or sold by a retailer.
discontinued
fiscal policies
diversity
BPI
40. A government-imposed tax on imports.
inventory management
real GDP
tariff
idle capacity
41. The amount of wealth - money - comfort etc that a particular person - group or society has.
downswing
standard of living
copyright
fake
42. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
CPI
open source
franchising
Nominal GDP
43. When a company reduces their output during a recession they have excess or idle capacity.
idle capacity
megamall
WTO
tariff barriers
44. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
Nominal GDP
loyalty card
diversity
export controls
45. When the imports into a country exceed the exports going out of a country.
trade deficit
fiscal policies
open-market operations
negotiation
46. Process of communicating back and forth until an agreement has been reached.
core products
negotiation
trademark
niche strategy
47. The right to live in a home on a long-term tenancy.
leasehold
inventory management
inventory
store loyalty
48. A large retail unit selling a wide variety of goods in separate departments.
department store
factors of production
loyalty card
not-for-profit
49. Multiple retail units under common ownership.
NAFTA
business sector
CPI
chain
50. A reduction in the selling price of an item in order to increase sales.
OECD
markdown
inventory shrinkage
market penetration