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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. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.
sanctions
boom
vending machine
export controls
2. The amount of wealth - money - comfort etc that a particular person - group or society has.
volunteer
department store
standard of living
sustainability
3. Shows the flows of money into and out of a country plus transfer payments.
investment
capital spending
balance of payments
stakeholder
4. A range of many things or people that are very different from each other.
otc drug
vending machine
diversity
supermarket
5. A voluntary sector or charity sector organization.
cooperative
TUC
not-for-profit
NGOs
6. Process of communicating back and forth until an agreement has been reached.
negotiation
retail outlet
not-for-profit
trademark
7. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
export controls
questionable payments
convenience store
diversity
8. Central Business District - the largest retail and office area of a city - also known as downtown
processing
prime rate
beneficiary
CBD
9. Something that is required by law.
statutory
aggregate demand
real GDP
tax revenue
10. Obstacles to international trade based on customs tariffs.
NIMBY
central business district
open-market operations
tariff barriers
11. Patterns of relationships between different groups of society.
CBD
constructive economic policies
tax revenue
social structure
12. A card payment system where the cost of goods or services is immediately removed from a bank account.
debit-card system
producer goods
capital spending
depth of assortment
13. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
direct selling
chain
sustainability
GDP
14. The checking - ordering & processing of stock levels.
inventory management
sanctions
trade surplus
restrictive economic policies
15. A reduction in the selling price of an item in order to increase sales.
core products
open-market operations
depth of assortment
markdown
16. The amount of money a person has left after paying taxes and buying necessities.
discretionary income
duty
questionable payments
real GDP
17. Financial aid by the government to an individual or group to support an activity that is in the public interest.
store
employee
subsidy
White paper
18. The area of the economy that produces goods and provides services.
customer
self-service
business sector
reduced
19. An imitation of a product made with the intent to defraud a customer.
not-for-profit
duty
counterfeit
questionable payments
20. How companies try to show their products as being different from those of their rivals.
Nominal GDP
WTO
product differentiation
savings rate
21. 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.
loyalty card
current account
stakeholder
social stratification
22. A shop or store.
supplier
real GDP
discretionary income
retail outlet
23. An item which is no longer produced by a manufacturer or sold by a retailer.
discontinued
depth of assortment
urban
quota
24. The different layers within a society e.g. class - income - education.
social stratification
store
greenbelt
OECD
25. Consumer goods that have a long life span - e.g. furniture.
consumer durables
sustainability
business sector
subsidy
26. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
supplier
monopoly
embargo
negative equity
27. Items sold in a store during a certain period measuring in number of units or value.
Nominal GDP
stock turnover
standard of living
freehold
28. Obstacles to international trade other than tariffs.
non-tariff barriers
TUC
greenbelt
assessment
29. When a private company provides a public service in agreement with a government or council.
checkout
public-private partnership
CBD
volunteer
30. When a customer regularly uses a store they know - like and trust.
manufacturing
store loyalty
tax haven
currency hedging
31. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
business cycle
NIMBY
freehold
trade deficit
32. When a company reduces their output during a recession they have excess or idle capacity.
sustainable
idle capacity
stock turnover
non-tariff barriers
33. The right to live in a home on a long-term tenancy.
social stratification
convenience store
debit-card system
leasehold
34. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
customer
department store
direct selling
EPOS
35. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
market skimming
downswing
CPI
tax revenue
36. A period of economic expansion.
embargo
entrepreneurship
upswing
consumer goods
37. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
currency hedging
real GDP
otc drug
household sector
38. The money a state earns via taxation.
tax revenue
width of assortment
cooperative
discontinued
39. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
economic growth
RPI
standard of living
FDI
40. Exclusive ownership of a property for an indefinite period of time.
freehold
discretionary income
CPI
franchising
41. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.
poverty line
capital spending
quota
sustainable development
42. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
intellectual property
markdown
advertising
fiscal policies
43. Meeting accepted guidelines or laws.
NAFTA
trade surplus
WTO
compliance
44. Items in a store which have not sold for a longer period of time.
dead stock
NGOs
producer goods
inventory shrinkage
45. A retail outlet.
real GDP
diversity
store
self-service
46. A person or organization which receives money from a charity.
GDP
depth of assortment
beneficiary
budget surplus
47. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.
blight
franchising
bulk discount
tariff
48. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
quota
consumer durables
economic growth
public-private partnership
49. A person or company from whom goods or services are bought.
customer
supplier
depression
non-tariff barriers
50. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
national debt
protectionism
market penetration
social structure