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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. Process of communicating back and forth until an agreement has been reached.
discretionary income
business sector
societal
negotiation
2. A collection of shops under one roof with a shared entrance and food area.
social structure
shopping centre
Fed
leasehold
3. An area of land which has never been built on.
assessment
impulse purchase
greenbelt
greenfield site
4. A shop or store.
retail outlet
franchising
CBD
dealer brands
5. Hiring an external company to perform tasks for a company and reduce costs.
balance of trade
inventory
sustainable development
outsourcing
6. When governments try to stabilize economic activities by funding major projects from budget deficits.
tariff barriers
markdown
deficit spending
monopoly
7. Development which can be done without harming the environment or natural resources.
deficit spending
capital spending
GDP
sustainable development
8. The different layers within a society e.g. class - income - education.
customs
consumer goods
social stratification
till
9. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
dealer brands
mom-and-pop store
vending machine
subsidy
10. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
reduced
prime rate
export controls
household sector
11. Goods bought for private use.
real GDP
consumer goods
grease payments
shareholder
12. A person who works for someone else in exchange for payment.
tax revenue
employee
sustainability
standard of living
13. When a private company provides a public service in agreement with a government or council.
unemployment rate
core products
upswing
public-private partnership
14. Something that is bought without being planned for.
stakeholder
myopic perspective
impulse purchase
stockroom
15. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
societal
real GDP
governance
beneficiary
16. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.
restrictive economic policies
balance of trade
loyalty card
franchising
17. The money a state earns via taxation.
tax revenue
beneficiary
shopping centre
Americorps
18. 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.
export controls
open-market operations
governance
capital spending
19. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
AAA
beneficiary
tariff
reduced
20. When budget spending exceeds revenue.
budget deficit
markdown
cooperative
producer goods
21. Payments made like a bribe to encourage an official to allow something or get something done.
debit-card system
shopping centre
dealer brands
grease payments
22. The system of organizations involved in moving a product from manufacturer to customer.
currency hedging
supply chain
consumer durables
producer goods
23. The right to live in a home on a long-term tenancy.
market skimming
inventory turnover
leasehold
sustainability
24. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
FDI
till
unemployment rate
foreign exchange
25. The sum of money invested in new or additional equipment.
new capital investment
trademark
benchmarking
freehold
26. Something that is required by law.
statutory
standard of living
till
benchmarking
27. A company's main products - e.g. Opel's core product is cars.
employee
core products
factors of production
AAA
28. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
barter
counterfeit
shareholder value
market skimming
29. Shows the flows of money into and out of a country plus transfer payments.
balance of payments
money supply
FMCG
trade surplus
30. Patterns of relationships between different groups of society.
NAFTA
tax haven
inventory
social structure
31. A financial instrument that facilitates payment from one currency to another.
dead stock
negative equity
foreign exchange
Nominal GDP
32. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
household sector
infringement
tax haven
NAFTA
33. The process of turning raw materials and parts into finished products.
retail outlet
not-for-profit
foreign exchange
manufacturing
34. Distribution of anything for use - including time or money.
allocation
mortgage
non-tariff barriers
savings rate
35. Buying currency options that fix exchange rates for a period of time.
counterfeit
currency hedging
factors of production
consumer non-durables
36. Someone who does something without being paid for it - e.g. working for a charity.
myopic perspective
social stratification
deficit spending
volunteer
37. A large retail unit selling a wide variety of goods in separate departments.
tax revenue
department store
niche strategy
tariff
38. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
NIMBY
constructive economic policies
impulse purchase
store
39. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
CPI
grease payments
mom-and-pop store
Fed
40. A retail outlet.
store
debit-card system
shelf warmer
cooperative
41. Multiple retail units under common ownership.
stock turnover
assessment
CBI
chain
42. Government policies to cool down an economy and prevent inflation during boom periods.
restrictive economic policies
convenience store
FDI
core products
43. When a company reduces their output during a recession they have excess or idle capacity.
stakeholder
not-for-profit
market penetration
idle capacity
44. Relating to cities or built up areas - not the countryside.
competitive
household sector
infringement
urban
45. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
department store
monetary policies
loyalty card
megamall
46. Statement of policy issued by a government which may form the basis of a future law.
downswing
grease payments
White paper
business sector
47. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
stakeholder
intellectual property
FDI
trademark
48. Goods bought and used by companies - such as machines. Also known as capital goods.
producer goods
blight
assessment
upswing
49. Consumer goods that have a long life span - e.g. furniture.
depth of assortment
consumer durables
sustainable
market equilibrium
50. Obstacles to international trade other than tariffs.
non-tariff barriers
NIMBY
debit-card system
intellectual property