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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 difference between merchandise costs and retail selling price.
BPI
shelf warmer
markup
volunteer
2. When a company reduces their output during a recession they have excess or idle capacity.
factors of production
idle capacity
inventory turnover
Green paper
3. Confederation of British Industry
intellectual property
speciality store
CBI
subsidy
4. A medicine which is available without first getting a prescription from a doctor.
otc drug
stakeholder
debit-card system
over the counter drug
5. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
monetary policies
currency hedging
supermarket
FMCG
6. The rare situation when budget spending is smaller than revenue.
Americorps
empowerment
advocacy
budget surplus
7. A person who works for someone else in exchange for payment.
negative equity
grease payments
new capital investment
employee
8. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
myopic perspective
tariff
budget deficit
consumer non-durables
9. Obstacles to international trade based on customs tariffs.
tariff barriers
White paper
trademark
GDP
10. Process of communicating back and forth until an agreement has been reached.
negotiation
outsourcing
consumer goods
till
11. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
trademark
advocacy
questionable payments
supplier
12. Items sold in a store during a certain period measuring in number of units or value.
stock turnover
freehold
convenience store
White paper
13. The total sum of a nation's outstanding debt.
TUC
national debt
allocation
bulk discount
14. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.
poverty line
CBI
BPI
protectionism
15. A voluntary sector or charity sector organization.
statutory
not-for-profit
sustainability
tariff barriers
16. A collection of shops under one roof with a shared entrance and food area.
sustainable
current account
shopping centre
blight
17. The checking - ordering & processing of stock levels.
supplier
inventory management
consumer non-durables
allocation
18. 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
factors of production
product differentiation
public-private partnership
19. The balance between interest rates and the demand for money.
market equilibrium
negative equity
statutory
monopoly
20. Volunteer organization for young - disadvantaged Americans.
Americorps
tax revenue
width of assortment
quota
21. A government-imposed tax on imports.
empowerment
TUC
central business district
tariff
22. Business wholly owned by its employees with the emphasis on group decision making.
trade deficit
processing
cooperative
balance of payments
23. A large - long-term loan taken out to pay for a house.
vending machine
stock turnover
blight
mortgage
24. A period of shrinking economic activity.
megamall
statutory
myopic perspective
downswing
25. Relating to cities or built up areas - not the countryside.
CBI
urban
till
central business district
26. When the imports into a country exceed the exports going out of a country.
Maastricht Treaty
social structure
stock turnover
trade deficit
27. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
supply chain
household sector
entrepreneurship
restrictive economic policies
28. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
entrepreneurship
RPI
impulse purchase
PPP
29. A reduction in price offered when buying an item in higher quantities.
stakeholder
GDP
bulk discount
discretionary income
30. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
bulk discount
intellectual property
FDI
trade deficit
31. Economic policies that use money e.g. interest rates or money supply as the major instruments.
monetary policies
depth of assortment
mom-and-pop store
greenbelt
32. A company's main products - e.g. Opel's core product is cars.
consumer non-durables
NIMBY
grease payments
core products
33. The legal right of the owner of a work over its control and distribution.
dealer brands
NGOs
copyright
consumer durables
34. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
monopoly
EPOS
open-market operations
currency hedging
35. Refers to the number of distinct goods or services a retailer offers.
width of assortment
AFL/CIO
not-for-profit
trademark
36. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
shareholder value
questionable payments
currency hedging
not-for-profit
37. The customer group a retailer wants to attract and satisfy.
target market
AAA
oligopoly
urban
38. Economic policies designed to support business and help it expand.
non-tariff barriers
markup
otc drug
constructive economic policies
39. How companies try to show their products as being different from those of their rivals.
shopping centre
store
product differentiation
deficit spending
40. A shop or store.
intellectual property
blight
governance
retail outlet
41. An enormous planned shopping centre with hundreds of stores under one roof.
subsidy
megamall
Americorps
tax revenue
42. The total amount of money in circulation in a country.
factors of production
myopic perspective
RPI
money supply
43. The total sum of goods and services in demand.
reduced
aggregate demand
downswing
allocation
44. Sets of specific restraints imposed by governments on international trade.
trade surplus
NAFTA
sanctions
beneficiary
45. 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.
tax revenue
franchising
intellectual property
foreign exchange
46. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
real GDP
monetary policies
otc drug
central business district
47. Someone who does something without being paid for it - e.g. working for a charity.
stakeholder
sustainable
subsidy
volunteer
48. A financial instrument that facilitates payment from one currency to another.
capital spending
foreign exchange
assessment
employee
49. Value of the entire company as expressed by its market capitalization.
tariff barriers
prime rate
shareholder value
store
50. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
upswing
shelf warmer
convenience store
automatic reordering system