SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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 number of times during a period a business sells its inventory and replaces it.
central business district
inventory turnover
business cycle
oligopoly
2. The difference between merchandise costs and retail selling price.
grease payments
markup
WTO
constructive economic policies
3. A small owner-operated store serving a local community.
BPI
infringement
mom-and-pop store
aggregate demand
4. Exclusive ownership of a property for an indefinite period of time.
freehold
discontinued
core products
mission statement
5. Focusing on a more specific line of products or services in comparison to competitors.
intellectual property
niche strategy
reduced
allocation
6. A period of very high economic activity.
PPP
manufacturing
fiscal policies
boom
7. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
real GDP
business sector
supply chain
CPI
8. Items in a store which have not sold for a longer period of time.
copycat
GDP
depression
dead stock
9. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
WTO
barter
Green paper
customs
10. The balance between interest rates and the demand for money.
market equilibrium
NAFTA
foreign exchange
markdown
11. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
inventory
boom
poverty line
manufacturing
12. Payments made like a bribe to encourage an official to allow something or get something done.
CPI
markdown
competitive
grease payments
13. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
inventory shrinkage
discretionary income
unemployment rate
constructive economic policies
14. The percentage of people who do not have a job.
AAA
discretionary income
business sector
unemployment rate
15. The different layers within a society e.g. class - income - education.
BPI
retail outlet
social stratification
foreign exchange
16. Refers to the number of distinct goods or services a retailer offers.
self-service
dealer brands
product differentiation
width of assortment
17. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.
foreign exchange
customs
governance
open-market operations
18. An imitation of a product made with the intent to defraud a customer.
counterfeit
niche strategy
discontinued
grease payments
19. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
sustainability
benchmarking
assessment
negative equity
20. Giving people the freedom to decide things and take responsibility for themselves.
empowerment
manufacturing
copycat
target market
21. A large - long-term loan taken out to pay for a house.
societal
subsidy
mortgage
questionable payments
22. Obstacles to international trade based on customs tariffs.
currency hedging
tariff barriers
embargo
shopping centre
23. Meeting accepted guidelines or laws.
tariff
compliance
greenbelt
societal
24. A voluntary sector or charity sector organization.
constructive economic policies
retail outlet
checkout
not-for-profit
25. The support of a cause.
deficit spending
advocacy
shelf warmer
protectionism
26. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
greenbelt
fake
market penetration
open-market operations
27. A government-imposed tax on imports.
mortgage
tariff
stock turnover
poverty line
28. Government policies to cool down an economy and prevent inflation during boom periods.
White paper
restrictive economic policies
core products
governance
29. Something which is a copy or imitation.
dealer brands
supply chain
fake
PPP
30. Regulations that mean permission from the government is required before certain items can be exported.
CBD
deficit spending
business sector
export controls
31. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
EPOS
not-for-profit
volunteer
factors of production
32. An item which is no longer produced by a manufacturer or sold by a retailer.
discontinued
Green paper
sustainable
grease payments
33. The violation of a law or right.
target market
infringement
compliance
producer goods
34. Business wholly owned by its employees with the emphasis on group decision making.
outsourcing
supplier
cooperative
CBI
35. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
entrepreneurship
monopoly
greenbelt
tax haven
36. Development which can be done without harming the environment or natural resources.
OECD
CBD
economic growth
sustainable development
37. Doing something (performing a process) to make a material ready for your requirments.
processing
sanctions
open source
social structure
38. A self-service food store with grocery - meat and produce departments.
leasehold
tariff
supermarket
discretionary income
39. Financial aid by the government to an individual or group to support an activity that is in the public interest.
boom
FDI
blight
subsidy
40. When governments try to stabilize economic activities by funding major projects from budget deficits.
mortgage
infringement
deficit spending
grease payments
41. The area of the economy that produces goods and provides services.
Americorps
business sector
assessment
intellectual property
42. Relating to cities or built up areas - not the countryside.
export controls
RPI
CPI
urban
43. A period of economic expansion.
Nominal GDP
budget surplus
upswing
greenbelt
44. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
NGOs
FMCG
shopping centre
myopic perspective
45. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
questionable payments
tariff barriers
national debt
RPI
46. 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.
BPI
market penetration
store loyalty
capital spending
47. A period of decline in economic activity.
recession
embargo
Green paper
product differentiation
48. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
NIMBY
social structure
quota
FMCG
49. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
central business district
household sector
EDI
consumer durables
50. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
store
loyalty card
shopping centre
boom