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Test your basic knowledge |
Business English Vocab Test
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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. Obstacles to international trade based on customs tariffs.
greenfield site
real GDP
current account
tariff barriers
2. A large retail unit selling a wide variety of goods in separate departments.
department store
poverty line
sanctions
markdown
3. Statement of policy issued by a government which may form the basis of a future law.
White paper
markup
balance of payments
Fed
4. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
WTO
counterfeit
sustainable
reduced
5. When governments try to stabilize economic activities by funding major projects from budget deficits.
deficit spending
money supply
statutory
Americorps
6. A period where there is little economic activity - high unemployment and much poverty.
FMCG
reduced
depression
producer goods
7. The process of turning raw materials and parts into finished products.
poverty line
aggregate demand
manufacturing
NAFTA
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.
budget deficit
societal
myopic perspective
customer
9. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
mortgage
variety store
competitive
markup
10. Goods bought for private use.
consumer goods
sustainability
department store
public-private partnership
11. Government policies to cool down an economy and prevent inflation during boom periods.
social stratification
restrictive economic policies
cooperative
in-stock
12. The buying and selling of government securities by a central bank in order to control the money supply.
open-market operations
over the counter drug
blight
compliance
13. Multiple retail units under common ownership.
fiscal policies
consumer durables
chain
advocacy
14. Regulations that mean permission from the government is required before certain items can be exported.
fake
quota
greenfield site
export controls
15. Machine for processing sales - giving change in a shop or restaurant.
tax haven
aggregate demand
downswing
checkout
16. The variety of goods that a retailer sells.
restrictive economic policies
shareholder
depth of assortment
fiscal policies
17. The rare situation when budget spending is smaller than revenue.
speciality store
NIMBY
balance of trade
budget surplus
18. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
franchising
depression
CBI
greenbelt
19. The hub of retailing in a city - where the most office buildings and retail stores are.
idle capacity
central business district
real GDP
tariff barriers
20. A minimum income level below which people are officially poor.
producer goods
poverty line
customer
public-private partnership
21. The way in which a company is controlled.
governance
monopoly
chain
volunteer
22. When a private company provides a public service in agreement with a government or council.
discontinued
advocacy
questionable payments
public-private partnership
23. A company's main products - e.g. Opel's core product is cars.
governance
savings rate
core products
open source
24. A self-service food store with grocery - meat and produce departments.
supermarket
assessment
copycat
sustainability
25. The support of a cause.
outsourcing
governance
advocacy
till
26. Machine for processing sales - taking payments - giving change. Also know as a cash register.
width of assortment
diversity
till
blight
27. Business wholly owned by its employees with the emphasis on group decision making.
CBD
cooperative
factors of production
not-for-profit
28. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
depth of assortment
convenience store
intellectual property
automatic reordering system
29. Development which can be done without harming the environment or natural resources.
sustainable development
allocation
supply chain
prime rate
30. Volunteer organization for young - disadvantaged Americans.
barter
deficit spending
consumer goods
Americorps
31. Usually software where the source code is made freely available for all users to change as they see fit.
negative equity
store
capital spending
open source
32. Value of the entire company as expressed by its market capitalization.
negotiation
inventory
shareholder value
RPI
33. An individual or company buying from someone.
mortgage
myopic perspective
bulk discount
customer
34. Confederation of British Industry
real GDP
store
supermarket
CBI
35. A test or way of measuring something.
tariff
debit-card system
assessment
Americorps
36. A large - long-term loan taken out to pay for a house.
mortgage
AFL/CIO
producer goods
infringement
37. The percentage of people who do not have a job.
department store
unemployment rate
stockroom
aggregate demand
38. A voluntary sector or charity sector organization.
sustainability
not-for-profit
RPI
downswing
39. 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.
White paper
inventory shrinkage
economic growth
BPI
40. Hiring an external company to perform tasks for a company and reduce costs.
greenbelt
monetary policies
self-service
outsourcing
41. Products that can hold their own against rival products in terms of price - features or quality.
aggregate demand
investment
business sector
competitive
42. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
OECD
speciality store
inventory shrinkage
national debt
43. Regular fluctuations in overall economic activity over time.
BPI
business cycle
monetary policies
balance of payments
44. Organization for Economic Cooperation and Development
OECD
copyright
economic growth
bulk discount
45. Someone who does something without being paid for it - e.g. working for a charity.
automatic reordering system
aggregate demand
counterfeit
volunteer
46. A government-imposed tax on imports.
tariff
central business district
public-private partnership
trademark
47. Sets of specific restraints imposed by governments on international trade.
household sector
otc drug
consumer goods
sanctions
48. The different layers within a society e.g. class - income - education.
sustainability
beneficiary
social stratification
markdown
49. Items sold in a store during a certain period measuring in number of units or value.
OECD
stock turnover
sustainable
reduced
50. Items in a store which have not sold for a longer period of time.
core products
monetary policies
dead stock
standard of living
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