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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. Statement of policy issued by a government which may form the basis of a future law.
social stratification
White paper
not-for-profit
poverty line
2. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.
stock turnover
vending machine
inventory shrinkage
market penetration
3. When governments try to stabilize economic activities by funding major projects from budget deficits.
BPI
automatic reordering system
deficit spending
dealer brands
4. Exclusive ownership of a property for an indefinite period of time.
product differentiation
producer goods
freehold
greenbelt
5. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
FMCG
idle capacity
budget surplus
advocacy
6. Development which can be done without harming the environment or natural resources.
WTO
sustainable development
producer goods
factors of production
7. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
megamall
grease payments
NAFTA
market skimming
8. Buying currency options that fix exchange rates for a period of time.
currency hedging
shareholder value
copycat
volunteer
9. A card payment system where the cost of goods or services is immediately removed from a bank account.
dead stock
Americorps
debit-card system
governance
10. The legal right of the owner of a work over its control and distribution.
width of assortment
foreign exchange
deficit spending
copyright
11. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
negotiation
entrepreneurship
budget surplus
AAA
12. When a company reduces their output during a recession they have excess or idle capacity.
FDI
societal
idle capacity
trade surplus
13. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
fake
beneficiary
producer goods
stakeholder
14. A voluntary sector or charity sector organization.
tariff barriers
processing
consumer durables
not-for-profit
15. The resources used to produce goods and services - including land - labour - business and capital.
inventory shrinkage
width of assortment
factors of production
consumer durables
16. A person or company from whom goods or services are bought.
AAA
in-stock
OECD
supplier
17. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
store
store loyalty
mortgage
FDI
18. Items sold in a store during a certain period measuring in number of units or value.
sustainable development
current account
stock turnover
variety store
19. The Federal Reserve - the US central banking system.
national debt
beneficiary
Fed
WTO
20. Consumer goods that have a long life span - e.g. furniture.
consumer durables
advocacy
export controls
FMCG
21. The area of the economy that produces goods and provides services.
niche strategy
subsidy
business sector
outsourcing
22. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
supermarket
producer goods
NAFTA
speciality store
23. The hub of retailing in a city - where the most office buildings and retail stores are.
non-tariff barriers
economic growth
central business district
boom
24. The variety of goods that a retailer sells.
depth of assortment
new capital investment
inventory shrinkage
width of assortment
25. An extremely adverse environmental condition.
blight
Maastricht Treaty
Green paper
mortgage
26. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.
PPP
foreign exchange
current account
tax haven
27. Payments made like a bribe to encourage an official to allow something or get something done.
not-for-profit
grease payments
household sector
freehold
28. An owner of shares or stocks in a company.
Nominal GDP
shareholder
store loyalty
foreign exchange
29. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
NIMBY
benchmarking
entrepreneurship
AAA
30. A collection of shops under one roof with a shared entrance and food area.
market equilibrium
shelf warmer
shopping centre
statutory
31. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
questionable payments
fake
target market
customs
32. A self-service food store with grocery - meat and produce departments.
tax haven
loyalty card
supermarket
reduced
33. A person or organization which receives money from a charity.
NGOs
AFL/CIO
store loyalty
beneficiary
34. 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
upswing
dead stock
TUC
35. The right to live in a home on a long-term tenancy.
megamall
foreign exchange
White paper
leasehold
36. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
embargo
vending machine
RPI
depression
37. 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.
capital spending
open source
barter
self-service
38. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
leasehold
currency hedging
real GDP
vending machine
39. A period of very high economic activity.
leasehold
store
boom
inventory turnover
40. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
mom-and-pop store
open-market operations
AFL/CIO
loyalty card
41. When a price has been cut.
over the counter drug
WTO
subsidy
reduced
42. A shop or store.
public-private partnership
trade deficit
retail outlet
social structure
43. Organization for Economic Cooperation and Development
OECD
freehold
customer
shelf warmer
44. When budget spending exceeds revenue.
budget deficit
aggregate demand
width of assortment
trademark
45. The rate of interest at which US banks lend money to their best corporate customers.
prime rate
customer
till
EPOS
46. The purchase of a financial product or other item of value with the hope that it will become more valuable.
household sector
boom
budget surplus
investment
47. A way of measuring performance by comparing a company to similar ones.
protectionism
societal
benchmarking
competitive
48. Involving the use of natural resources and energy in a way that does not harm the environment.
sustainable
current account
deficit spending
myopic perspective
49. An economic sanction that forbids the import of a specific product or all products from a specific country.
money supply
till
debit-card system
embargo
50. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
intellectual property
export controls
currency hedging
economic growth