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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. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
debit-card system
shelf warmer
capital spending
employee
2. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
variety store
depth of assortment
FDI
employee
3. Process of communicating back and forth until an agreement has been reached.
not-for-profit
NAFTA
open-market operations
negotiation
4. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
foreign exchange
NIMBY
otc drug
BPI
5. Payments made like a bribe to encourage an official to allow something or get something done.
grease payments
market skimming
stockroom
savings rate
6. American Federation of Labour / Association of Industrial Organizations
AFL/CIO
store
depression
boom
7. 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.
automatic reordering system
governance
self-service
current account
8. The money a state earns via taxation.
store loyalty
depression
tax revenue
bulk discount
9. An owner of shares or stocks in a company.
RPI
EDI
shareholder
CBD
10. Obstacles to international trade based on customs tariffs.
tariff barriers
blight
inventory shrinkage
subsidy
11. A small owner-operated store serving a local community.
mission statement
mom-and-pop store
negotiation
inventory
12. The total sum of a nation's outstanding debt.
national debt
trade deficit
target market
otc drug
13. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
AAA
entrepreneurship
urban
width of assortment
14. A collection of shops under one roof with a shared entrance and food area.
public-private partnership
prime rate
NGOs
shopping centre
15. When governments try to stabilize economic activities by funding major projects from budget deficits.
aggregate demand
diversity
customer
deficit spending
16. Goods bought for private use.
consumer goods
household sector
deficit spending
reduced
17. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
manufacturing
not-for-profit
counterfeit
dealer brands
18. The total amount of money in circulation in a country.
money supply
WTO
budget surplus
niche strategy
19. Sets of specific restraints imposed by governments on international trade.
consumer non-durables
copyright
sanctions
poverty line
20. Confederation of British Industry
leasehold
CBI
AFL/CIO
mom-and-pop store
21. A storeroom where items which cannot be put on display are stored.
consumer goods
depth of assortment
loyalty card
stockroom
22. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
barter
social structure
money supply
intellectual property
23. Meeting accepted guidelines or laws.
PPP
quota
myopic perspective
compliance
24. Goods bought and used by companies - such as machines. Also known as capital goods.
producer goods
convenience store
advocacy
balance of payments
25. Usually software where the source code is made freely available for all users to change as they see fit.
shelf warmer
shareholder value
shareholder
open source
26. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
assessment
otc drug
stockroom
supply chain
27. Financial aid by the government to an individual or group to support an activity that is in the public interest.
embargo
subsidy
market equilibrium
bulk discount
28. Distribution of anything for use - including time or money.
megamall
shelf warmer
allocation
NGOs
29. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?
PPP
tariff
duty
target market
30. A retail outlet.
markup
store
questionable payments
money supply
31. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
trademark
social structure
otc drug
WTO
32. The support of a cause.
balance of trade
advocacy
market penetration
infringement
33. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
unemployment rate
entrepreneurship
BPI
market penetration
34. Regular fluctuations in overall economic activity over time.
open-market operations
Fed
business cycle
outsourcing
35. 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.
new capital investment
consumer durables
fiscal policies
processing
36. An item which is no longer produced by a manufacturer or sold by a retailer.
discontinued
assessment
inventory management
factors of production
37. Something that is bought without being planned for.
department store
vending machine
impulse purchase
AAA
38. The amount of wealth - money - comfort etc that a particular person - group or society has.
standard of living
oligopoly
protectionism
advertising
39. Imitating another company's ideas rather than developing your own.
Fed
duty
bulk discount
copycat
40. Economic policies designed to support business and help it expand.
capital spending
copycat
inventory
constructive economic policies
41. When a company reduces their output during a recession they have excess or idle capacity.
economic growth
blight
budget deficit
idle capacity
42. The area of the economy that produces goods and provides services.
social structure
business sector
restrictive economic policies
trade surplus
43. A self-service food store with grocery - meat and produce departments.
otc drug
negotiation
target market
supermarket
44. An economic sanction that forbids the import of a specific product or all products from a specific country.
assessment
embargo
in-stock
downswing
45. A period of shrinking economic activity.
downswing
shareholder value
boom
sustainability
46. System in which good or services are exchanged for other goods or services rather than cash.
barter
duty
in-stock
supermarket
47. Consumer goods that have a short life span - e.g. food or paper tissues.
consumer non-durables
target market
Americorps
debit-card system
48. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
self-service
urban
allocation
NAFTA
49. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
store loyalty
store
discretionary income
questionable payments
50. Items which a shop has and are available to buy.
discontinued
barter
in-stock
EDI
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