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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. Financial aid by the government to an individual or group to support an activity that is in the public interest.
fiscal policies
counterfeit
volunteer
subsidy
2. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
sustainable development
fiscal policies
protectionism
PPP
3. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
franchising
RPI
fake
not-for-profit
4. When governments try to stabilize economic activities by funding major projects from budget deficits.
currency hedging
in-stock
entrepreneurship
deficit spending
5. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.
mission statement
greenfield site
shelf warmer
benchmarking
6. A consultation document that sets out the government's position on a certain issue.
CPI
Green paper
restrictive economic policies
convenience store
7. A card payment system where the cost of goods or services is immediately removed from a bank account.
debit-card system
RPI
aggregate demand
empowerment
8. Economic policies designed to support business and help it expand.
shelf warmer
constructive economic policies
loyalty card
department store
9. The total sum of goods and services in demand.
barter
aggregate demand
money supply
open-market operations
10. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
diversity
market skimming
subsidy
myopic perspective
11. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
money supply
factors of production
consumer non-durables
EPOS
12. When a private company provides a public service in agreement with a government or council.
public-private partnership
stock turnover
GDP
balance of trade
13. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
stock turnover
infringement
niche strategy
advertising
14. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
AAA
GDP
new capital investment
household sector
15. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
governance
NIMBY
prime rate
quota
16. Payments made like a bribe to encourage an official to allow something or get something done.
grease payments
downswing
CPI
assessment
17. Goods bought and used by companies - such as machines. Also known as capital goods.
poverty line
upswing
producer goods
niche strategy
18. Items sold in a store during a certain period measuring in number of units or value.
debit-card system
stock turnover
supermarket
automatic reordering system
19. A storeroom where items which cannot be put on display are stored.
stakeholder
stockroom
FMCG
impulse purchase
20. The support of a cause.
money supply
advocacy
niche strategy
AFL/CIO
21. An owner of shares or stocks in a company.
greenbelt
product differentiation
tariff
shareholder
22. A shop or store.
entrepreneurship
retail outlet
FMCG
cooperative
23. The sum of money invested in new or additional equipment.
new capital investment
statutory
niche strategy
mom-and-pop store
24. A tax imposed on imports by the customs authority of a country.
duty
discontinued
supply chain
statutory
25. The Federal Reserve - the US central banking system.
checkout
Fed
negative equity
trade deficit
26. Meeting accepted guidelines or laws.
sanctions
factors of production
compliance
allocation
27. Imitating another company's ideas rather than developing your own.
embargo
manufacturing
copycat
Fed
28. 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.
duty
grease payments
vending machine
fiscal policies
29. When budget spending exceeds revenue.
CBI
CBD
AFL/CIO
budget deficit
30. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
quota
negative equity
EDI
FDI
31. Business wholly owned by its employees with the emphasis on group decision making.
copycat
quota
trade surplus
cooperative
32. The total amount of money in circulation in a country.
oligopoly
social structure
monopoly
money supply
33. The money a state earns via taxation.
debit-card system
fiscal policies
inventory
tax revenue
34. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
budget deficit
automatic reordering system
inventory turnover
TUC
35. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
social structure
shelf warmer
not-for-profit
monetary policies
36. The buying and selling of government securities by a central bank in order to control the money supply.
CPI
TUC
tax revenue
open-market operations
37. The right to live in a home on a long-term tenancy.
upswing
empowerment
leasehold
depth of assortment
38. The skills and knowledge needed to start and run a company.
entrepreneurship
self-service
questionable payments
intellectual property
39. An individual or company buying from someone.
stakeholder
store
customer
market skimming
40. A retail outlet.
aggregate demand
infringement
barter
store
41. A person or company from whom goods or services are bought.
dealer brands
impulse purchase
supplier
poverty line
42. An enormous planned shopping centre with hundreds of stores under one roof.
megamall
fake
business cycle
social structure
43. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
shelf warmer
entrepreneurship
convenience store
in-stock
44. The hub of retailing in a city - where the most office buildings and retail stores are.
loyalty card
FDI
non-tariff barriers
central business district
45. Usually software where the source code is made freely available for all users to change as they see fit.
franchising
open source
societal
blight
46. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
trademark
business sector
FMCG
retail outlet
47. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
trade surplus
tariff barriers
myopic perspective
NAFTA
48. Obstacles to international trade based on customs tariffs.
statutory
copycat
tariff barriers
trademark
49. The legal right of the owner of a work over its control and distribution.
copyright
beneficiary
standard of living
cooperative
50. A medicine which is available without first getting a prescription from a doctor.
stock turnover
bulk discount
over the counter drug
tax haven