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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. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
inventory shrinkage
Nominal GDP
standard of living
urban
2. Distribution of anything for use - including time or money.
tariff
depression
allocation
statutory
3. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
central business district
empowerment
tax haven
open source
4. Obstacles to international trade other than tariffs.
over the counter drug
non-tariff barriers
sustainable
capital spending
5. Economic policies designed to support business and help it expand.
BPI
supply chain
constructive economic policies
Green paper
6. A person or company from whom goods or services are bought.
downswing
core products
tariff barriers
supplier
7. A way of measuring performance by comparing a company to similar ones.
boom
benchmarking
franchising
market equilibrium
8. A government-imposed tax on imports.
unemployment rate
CBI
tariff
target market
9. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
consumer non-durables
debit-card system
FDI
direct selling
10. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
negotiation
depression
shopping centre
GDP
11. Shows the flows of money into and out of a country plus transfer payments.
balance of payments
inventory shrinkage
sustainable
market equilibrium
12. The percentage of people who do not have a job.
benchmarking
unemployment rate
store loyalty
impulse purchase
13. When a private company provides a public service in agreement with a government or council.
public-private partnership
questionable payments
myopic perspective
inventory shrinkage
14. A retailer that concentrates on selling one particular type of good.
current account
factors of production
speciality store
market equilibrium
15. The buying and selling of government securities by a central bank in order to control the money supply.
product differentiation
inventory turnover
open-market operations
fiscal policies
16. The hub of retailing in a city - where the most office buildings and retail stores are.
central business district
fake
blight
White paper
17. A reduction in price offered when buying an item in higher quantities.
bulk discount
in-stock
real GDP
statutory
18. When the imports into a country exceed the exports going out of a country.
poverty line
subsidy
depression
trade deficit
19. Items which a shop has and are available to buy.
empowerment
in-stock
idle capacity
recession
20. Development which can be done without harming the environment or natural resources.
sustainable development
social structure
greenfield site
megamall
21. An extremely adverse environmental condition.
prime rate
blight
infringement
investment
22. A person who works for someone else in exchange for payment.
downswing
employee
self-service
fiscal policies
23. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
stockroom
social stratification
fake
stakeholder
24. The balance between interest rates and the demand for money.
producer goods
market equilibrium
governance
loyalty card
25. Sets of specific restraints imposed by governments on international trade.
sanctions
foreign exchange
assessment
inventory management
26. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
inventory
convenience store
speciality store
NAFTA
27. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
automatic reordering system
household sector
dealer brands
shareholder
28. Usually software where the source code is made freely available for all users to change as they see fit.
depth of assortment
over the counter drug
CPI
open source
29. The support of a cause.
supermarket
dealer brands
advocacy
greenbelt
30. The right to live in a home on a long-term tenancy.
leasehold
NIMBY
constructive economic policies
NAFTA
31. Government policies to cool down an economy and prevent inflation during boom periods.
restrictive economic policies
consumer non-durables
myopic perspective
shareholder
32. A card payment system where the cost of goods or services is immediately removed from a bank account.
width of assortment
RPI
balance of payments
debit-card system
33. The area of the economy that produces goods and provides services.
automatic reordering system
business sector
inventory management
greenfield site
34. The money a state earns via taxation.
entrepreneurship
over the counter drug
White paper
tax revenue
35. A self-service food store with grocery - meat and produce departments.
supermarket
blight
WTO
negotiation
36. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
advocacy
quota
currency hedging
speciality store
37. A medicine which is available without first getting a prescription from a doctor.
over the counter drug
core products
CBI
supply chain
38. When a company reduces their output during a recession they have excess or idle capacity.
markup
depth of assortment
CPI
idle capacity
39. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
restrictive economic policies
dealer brands
product differentiation
greenfield site
40. Machine for processing sales - giving change in a shop or restaurant.
supplier
intellectual property
White paper
checkout
41. The total sum of goods and services in demand.
aggregate demand
real GDP
new capital investment
tariff
42. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
investment
copycat
AAA
economic growth
43. Something that is required by law.
mission statement
boom
PPP
statutory
44. Refers to the number of distinct goods or services a retailer offers.
markup
urban
unemployment rate
width of assortment
45. The amount of money a person has left after paying taxes and buying necessities.
discretionary income
capital spending
consumer non-durables
direct selling
46. When budget spending exceeds revenue.
PPP
trademark
budget deficit
restrictive economic policies
47. An item which is no longer produced by a manufacturer or sold by a retailer.
discontinued
FDI
reduced
inventory turnover
48. When governments try to stabilize economic activities by funding major projects from budget deficits.
automatic reordering system
deficit spending
societal
OECD
49. Agreement that provided the basis for the formation of the European Union.
Maastricht Treaty
non-tariff barriers
upswing
manufacturing
50. Imitating another company's ideas rather than developing your own.
copycat
social structure
standard of living
trademark