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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. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
BPI
governance
real GDP
mortgage
2. A shop or store.
retail outlet
open-market operations
stockroom
consumer non-durables
3. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
consumer goods
manufacturing
franchising
household sector
4. A period where there is little economic activity - high unemployment and much poverty.
volunteer
depression
leasehold
reduced
5. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
GDP
processing
automatic reordering system
budget deficit
6. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
Maastricht Treaty
Green paper
dealer brands
tariff
7. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
trade surplus
direct selling
manufacturing
sustainability
8. A collection of shops under one roof with a shared entrance and food area.
Nominal GDP
shopping centre
new capital investment
cooperative
9. The checking - ordering & processing of stock levels.
myopic perspective
inventory management
stock turnover
benchmarking
10. The different layers within a society e.g. class - income - education.
social stratification
CBI
debit-card system
width of assortment
11. Process of communicating back and forth until an agreement has been reached.
dead stock
franchising
depth of assortment
negotiation
12. A period of shrinking economic activity.
shareholder value
real GDP
chain
downswing
13. Agreement that provided the basis for the formation of the European Union.
AAA
aggregate demand
franchising
Maastricht Treaty
14. Central Business District - the largest retail and office area of a city - also known as downtown
CBD
tariff barriers
Americorps
prime rate
15. Multiple retail units under common ownership.
negative equity
societal
chain
width of assortment
16. The hub of retailing in a city - where the most office buildings and retail stores are.
money supply
central business district
negotiation
boom
17. Giving people the freedom to decide things and take responsibility for themselves.
empowerment
protectionism
consumer non-durables
new capital investment
18. Something that is required by law.
franchising
intellectual property
inventory management
statutory
19. Statement of policy issued by a government which may form the basis of a future law.
White paper
negotiation
EPOS
FDI
20. The resources used to produce goods and services - including land - labour - business and capital.
recession
EPOS
factors of production
inventory
21. Doing something (performing a process) to make a material ready for your requirments.
assessment
convenience store
processing
Maastricht Treaty
22. When a company reduces their output during a recession they have excess or idle capacity.
convenience store
restrictive economic policies
new capital investment
idle capacity
23. The total amount of money in circulation in a country.
advertising
inventory turnover
money supply
greenbelt
24. Machine for processing sales - giving change in a shop or restaurant.
reduced
department store
bulk discount
checkout
25. System in which good or services are exchanged for other goods or services rather than cash.
barter
discontinued
current account
CPI
26. Patterns of relationships between different groups of society.
standard of living
EDI
social structure
counterfeit
27. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
leasehold
automatic reordering system
NIMBY
discretionary income
28. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
trademark
supermarket
allocation
variety store
29. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
stakeholder
not-for-profit
savings rate
convenience store
30. When governments try to stabilize economic activities by funding major projects from budget deficits.
trademark
department store
household sector
deficit spending
31. Goods bought for private use.
shareholder
negative equity
consumer goods
not-for-profit
32. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
customer
shareholder
tax haven
upswing
33. Volunteer organization for young - disadvantaged Americans.
checkout
Americorps
NAFTA
balance of trade
34. A person who works for someone else in exchange for payment.
capital spending
questionable payments
employee
store loyalty
35. Focusing on a more specific line of products or services in comparison to competitors.
sustainable development
niche strategy
governance
trade surplus
36. Something which is a copy or imitation.
markup
infringement
fake
assessment
37. Distribution of anything for use - including time or money.
fiscal policies
NIMBY
allocation
advocacy
38. The number of times during a period a business sells its inventory and replaces it.
trademark
width of assortment
convenience store
inventory turnover
39. Shows the flows of money into and out of a country plus transfer payments.
markdown
balance of payments
central business district
foreign exchange
40. How companies try to show their products as being different from those of their rivals.
till
questionable payments
depression
product differentiation
41. Economic policies that use taxation to correct the course of the economy e.g. lowering sales tax to encourage spending or raising interest rates to encourage saving.
fiscal policies
Fed
cooperative
customer
42. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
capital spending
diversity
stakeholder
grease payments
43. A period of very high economic activity.
Green paper
TUC
entrepreneurship
boom
44. Regular fluctuations in overall economic activity over time.
White paper
open source
business cycle
reduced
45. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
Nominal GDP
open-market operations
infringement
business sector
46. When a small number of companies control a certain market.
restrictive economic policies
oligopoly
diversity
compliance
47. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
OECD
inventory
shareholder value
Nominal GDP
48. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
budget deficit
loyalty card
monetary policies
FMCG
49. A period of economic expansion.
upswing
RPI
unemployment rate
savings rate
50. An enormous planned shopping centre with hundreds of stores under one roof.
CPI
supplier
Green paper
megamall