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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.
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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. Focusing on a more specific line of products or services in comparison to competitors.
social stratification
trade surplus
niche strategy
social structure
2. Sets of specific restraints imposed by governments on international trade.
negative equity
standard of living
sanctions
restrictive economic policies
3. A self-service food store with grocery - meat and produce departments.
fake
supermarket
Maastricht Treaty
current account
4. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
EDI
Green paper
statutory
self-service
5. The Federal Reserve - the US central banking system.
customer
counterfeit
Fed
central business district
6. The percentage of people who do not have a job.
fiscal policies
greenfield site
debit-card system
unemployment rate
7. A retail outlet.
niche strategy
tariff barriers
recession
store
8. A shop or store.
CBI
public-private partnership
myopic perspective
retail outlet
9. The skills and knowledge needed to start and run a company.
BPI
downswing
entrepreneurship
RPI
10. Goods bought for private use.
not-for-profit
reduced
consumer goods
trade deficit
11. Meeting accepted guidelines or laws.
producer goods
compliance
mortgage
leasehold
12. A period of economic expansion.
upswing
width of assortment
volunteer
Fed
13. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
loyalty card
counterfeit
NAFTA
stockroom
14. The resources used to produce goods and services - including land - labour - business and capital.
factors of production
open source
shopping centre
cooperative
15. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
constructive economic policies
real GDP
money supply
inventory
16. Goods bought and used by companies - such as machines. Also known as capital goods.
debit-card system
producer goods
duty
economic growth
17. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
household sector
business cycle
discretionary income
investment
18. Volunteer organization for young - disadvantaged Americans.
copyright
open source
sustainability
Americorps
19. Process of communicating back and forth until an agreement has been reached.
open-market operations
tariff
negotiation
economic growth
20. A person or company from whom goods or services are bought.
markup
currency hedging
Americorps
supplier
21. A medicine which is available without first getting a prescription from a doctor.
over the counter drug
national debt
aggregate demand
OECD
22. When governments try to stabilize economic activities by funding major projects from budget deficits.
AAA
urban
deficit spending
till
23. Something which is a copy or imitation.
upswing
markdown
blight
fake
24. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
grease payments
factors of production
upswing
market penetration
25. The right to live in a home on a long-term tenancy.
supply chain
leasehold
reduced
Maastricht Treaty
26. 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
unemployment rate
recession
tariff
27. Imitating another company's ideas rather than developing your own.
boom
foreign exchange
trade surplus
copycat
28. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
WTO
duty
subsidy
AAA
29. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
deficit spending
budget deficit
tax haven
CBI
30. A voluntary sector or charity sector organization.
inventory management
negotiation
advocacy
not-for-profit
31. Consumer goods that have a long life span - e.g. furniture.
processing
non-tariff barriers
direct selling
consumer durables
32. The percentage of a household's income that is saved.
tariff
volunteer
savings rate
current account
33. 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.
leasehold
inventory shrinkage
inventory management
current account
34. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
greenbelt
household sector
barter
urban
35. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
negative equity
FMCG
consumer goods
bulk discount
36. When the imports into a country exceed the exports going out of a country.
social structure
core products
trade deficit
aggregate demand
37. 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.
product differentiation
BPI
advertising
White paper
38. Value of the entire company as expressed by its market capitalization.
EDI
shareholder value
RPI
upswing
39. The buying and selling of government securities by a central bank in order to control the money supply.
open-market operations
debit-card system
retail outlet
recession
40. When the exports a country makes exceed the imports.
trade surplus
shopping centre
customs
White paper
41. Patterns of relationships between different groups of society.
target market
FDI
convenience store
social structure
42. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
intellectual property
trade surplus
manufacturing
compliance
43. Statement of policy issued by a government which may form the basis of a future law.
beneficiary
social structure
White paper
money supply
44. Relating to cities or built up areas - not the countryside.
negotiation
urban
shareholder
currency hedging
45. The different layers within a society e.g. class - income - education.
sustainability
mortgage
social stratification
social structure
46. A reduction in the selling price of an item in order to increase sales.
infringement
markdown
savings rate
NGOs
47. Someone who does something without being paid for it - e.g. working for a charity.
over the counter drug
infringement
volunteer
benchmarking
48. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
sustainability
market penetration
market equilibrium
budget surplus
49. Something that is required by law.
statutory
Maastricht Treaty
checkout
variety store
50. Items in a store which have not sold for a longer period of time.
dead stock
fiscal policies
business sector
money supply
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