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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. The checking - ordering & processing of stock levels.
fiscal policies
stockroom
inventory management
megamall
2. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
direct selling
quota
sustainability
volunteer
3. A medicine which is available without first getting a prescription from a doctor.
over the counter drug
debit-card system
employee
megamall
4. A person who works for someone else in exchange for payment.
employee
unemployment rate
sustainability
greenfield site
5. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
trademark
business cycle
real GDP
shelf warmer
6. An item which is no longer produced by a manufacturer or sold by a retailer.
discontinued
upswing
depression
social stratification
7. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
stockroom
NAFTA
NIMBY
societal
8. Machine for processing sales - giving change in a shop or restaurant.
barter
poverty line
checkout
restrictive economic policies
9. Sets of specific restraints imposed by governments on international trade.
inventory shrinkage
sanctions
monetary policies
upswing
10. Someone who does something without being paid for it - e.g. working for a charity.
greenfield site
NIMBY
volunteer
consumer non-durables
11. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
megamall
NAFTA
public-private partnership
quota
12. The money a state earns via taxation.
tax revenue
FDI
FMCG
store loyalty
13. Buying currency options that fix exchange rates for a period of time.
currency hedging
AFL/CIO
export controls
variety store
14. When a private company provides a public service in agreement with a government or council.
downswing
tariff barriers
sustainability
public-private partnership
15. When budget spending exceeds revenue.
AAA
budget deficit
manufacturing
supply chain
16. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
megamall
otc drug
checkout
fiscal policies
17. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
CBI
foreign exchange
variety store
inventory
18. Items in a store which have not sold for a longer period of time.
OECD
consumer non-durables
dead stock
bulk discount
19. 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.
mission statement
FMCG
budget deficit
reduced
20. Focusing on a more specific line of products or services in comparison to competitors.
niche strategy
fake
sustainable
shareholder
21. Volunteer organization for young - disadvantaged Americans.
empowerment
otc drug
Americorps
shopping centre
22. The amount of money a person has left after paying taxes and buying necessities.
leasehold
trade deficit
manufacturing
discretionary income
23. The right to live in a home on a long-term tenancy.
producer goods
household sector
EDI
leasehold
24. A shop or store.
monopoly
retail outlet
investment
stockroom
25. Government policies to cool down an economy and prevent inflation during boom periods.
restrictive economic policies
sustainable development
compliance
trade surplus
26. System in which good or services are exchanged for other goods or services rather than cash.
beneficiary
dead stock
barter
loyalty card
27. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
embargo
shopping centre
NAFTA
variety store
28. The skills and knowledge needed to start and run a company.
entrepreneurship
department store
discretionary income
deficit spending
29. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
beneficiary
protectionism
public-private partnership
foreign exchange
30. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
shareholder value
retail outlet
FMCG
prime rate
31. Distribution of anything for use - including time or money.
allocation
quota
consumer goods
central business district
32. Items which a shop has and are available to buy.
direct selling
EDI
otc drug
in-stock
33. A retailer that concentrates on selling one particular type of good.
sanctions
speciality store
sustainability
negative equity
34. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
stakeholder
in-stock
Green paper
statutory
35. Development which can be done without harming the environment or natural resources.
sustainable development
Maastricht Treaty
counterfeit
open source
36. A reduction in price offered when buying an item in higher quantities.
current account
export controls
balance of payments
bulk discount
37. The resources used to produce goods and services - including land - labour - business and capital.
upswing
factors of production
trade deficit
store loyalty
38. An owner of shares or stocks in a company.
tariff
outsourcing
shareholder
shelf warmer
39. Something which is a copy or imitation.
fake
outsourcing
volunteer
checkout
40. A test or way of measuring something.
megamall
assessment
employee
supermarket
41. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
FDI
allocation
sustainability
BPI
42. Trade Union Congress.
speciality store
business cycle
OECD
TUC
43. The rate of interest at which US banks lend money to their best corporate customers.
prime rate
bulk discount
convenience store
not-for-profit
44. Connected with society and the way it is organized.
mortgage
inventory turnover
export controls
societal
45. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
CPI
impulse purchase
store loyalty
NGOs
46. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
household sector
sustainable development
retail outlet
CPI
47. Obstacles to international trade other than tariffs.
depth of assortment
BPI
non-tariff barriers
statutory
48. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
store
Nominal GDP
variety store
national debt
49. The hub of retailing in a city - where the most office buildings and retail stores are.
central business district
urban
niche strategy
national debt
50. A person or organization which receives money from a charity.
beneficiary
duty
monetary policies
variety store