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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.
impulse purchase
dead stock
RPI
EDI
2. Financial aid by the government to an individual or group to support an activity that is in the public interest.
stakeholder
customer
subsidy
national debt
3. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
convenience store
employee
AAA
advocacy
4. The amount of money a person has left after paying taxes and buying necessities.
business sector
factors of production
discretionary income
trademark
5. Patterns of relationships between different groups of society.
boom
NAFTA
social structure
NIMBY
6. When a company reduces their output during a recession they have excess or idle capacity.
AAA
idle capacity
benchmarking
urban
7. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
sustainable
NGOs
balance of payments
budget surplus
8. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
currency hedging
quota
tariff barriers
Nominal GDP
9. The rare situation when budget spending is smaller than revenue.
dealer brands
shareholder value
budget surplus
factors of production
10. Items in a store which have not sold for a longer period of time.
Fed
dead stock
stock turnover
Nominal GDP
11. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
shelf warmer
savings rate
barter
in-stock
12. An enormous planned shopping centre with hundreds of stores under one roof.
quota
stockroom
megamall
barter
13. The system of organizations involved in moving a product from manufacturer to customer.
supply chain
volunteer
market penetration
idle capacity
14. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
prime rate
myopic perspective
inventory
blight
15. The different layers within a society e.g. class - income - education.
balance of payments
social stratification
blight
variety store
16. A shop or store.
retail outlet
questionable payments
aggregate demand
franchising
17. The legal right of the owner of a work over its control and distribution.
automatic reordering system
customs
market skimming
copyright
18. Goods bought and used by companies - such as machines. Also known as capital goods.
consumer goods
processing
supply chain
producer goods
19. Multiple retail units under common ownership.
sustainability
chain
debit-card system
customs
20. The percentage of people who do not have a job.
empowerment
supermarket
unemployment rate
customer
21. A person who works for someone else in exchange for payment.
subsidy
household sector
inventory management
employee
22. The customer group a retailer wants to attract and satisfy.
vending machine
market equilibrium
target market
WTO
23. A country's exports minus its imports.
balance of trade
negotiation
social stratification
myopic perspective
24. A medicine which is available without first getting a prescription from a doctor.
BPI
supplier
over the counter drug
producer goods
25. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
counterfeit
leasehold
stockroom
trademark
26. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
otc drug
real GDP
Nominal GDP
money supply
27. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
mortgage
impulse purchase
monetary policies
otc drug
28. When a private company provides a public service in agreement with a government or council.
inventory
money supply
competitive
public-private partnership
29. A person or organization which receives money from a charity.
balance of payments
EPOS
beneficiary
dead stock
30. Obstacles to international trade other than tariffs.
non-tariff barriers
duty
market equilibrium
greenfield site
31. Refers to the number of distinct goods or services a retailer offers.
poverty line
Americorps
width of assortment
allocation
32. Organization for Economic Cooperation and Development
copyright
allocation
tariff barriers
OECD
33. An imitation of a product made with the intent to defraud a customer.
counterfeit
benchmarking
dead stock
non-tariff barriers
34. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
sustainable development
dealer brands
money supply
trademark
35. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
monetary policies
discretionary income
sustainable development
stakeholder
36. The amount of wealth - money - comfort etc that a particular person - group or society has.
standard of living
recession
open source
processing
37. An individual or company buying from someone.
CPI
store
beneficiary
customer
38. Shows the flows of money into and out of a country plus transfer payments.
monopoly
barter
balance of payments
sustainable development
39. The balance between interest rates and the demand for money.
processing
market equilibrium
real GDP
speciality store
40. An economic sanction that forbids the import of a specific product or all products from a specific country.
convenience store
embargo
sustainability
oligopoly
41. The Federal Reserve - the US central banking system.
Fed
not-for-profit
restrictive economic policies
societal
42. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
current account
niche strategy
fake
convenience store
43. Imitating another company's ideas rather than developing your own.
negative equity
NAFTA
copycat
mission statement
44. Distribution of anything for use - including time or money.
PPP
stock turnover
employee
allocation
45. Economic policies that use taxation to correct the course of the economy e.g. lowering sales tax to encourage spending or raising interest rates to encourage saving.
public-private partnership
fiscal policies
vending machine
business sector
46. The percentage of a household's income that is saved.
target market
GDP
market skimming
savings rate
47. A tax imposed on imports by the customs authority of a country.
open-market operations
sustainability
assessment
duty
48. When a price has been cut.
recession
inventory turnover
reduced
franchising
49. A large retail unit selling a wide variety of goods in separate departments.
societal
supplier
department store
leasehold
50. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
trade deficit
inventory shrinkage
store
niche strategy