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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 self-service food store with grocery - meat and produce departments.
convenience store
consumer non-durables
supermarket
restrictive economic policies
2. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
convenience store
inventory shrinkage
width of assortment
assessment
3. Machine for processing sales - taking payments - giving change. Also know as a cash register.
stockroom
market skimming
till
inventory shrinkage
4. The balance between interest rates and the demand for money.
trademark
market equilibrium
processing
money supply
5. A consultation document that sets out the government's position on a certain issue.
Green paper
freehold
idle capacity
deficit spending
6. Financial aid by the government to an individual or group to support an activity that is in the public interest.
FMCG
investment
EDI
subsidy
7. Distribution of anything for use - including time or money.
allocation
stock turnover
till
benchmarking
8. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
sustainable development
sustainable
FMCG
volunteer
9. Buying currency options that fix exchange rates for a period of time.
cooperative
FMCG
currency hedging
capital spending
10. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
variety store
sustainability
core products
competitive
11. The rate of interest at which US banks lend money to their best corporate customers.
prime rate
customer
urban
checkout
12. Someone who does something without being paid for it - e.g. working for a charity.
volunteer
open source
store loyalty
not-for-profit
13. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
real GDP
monopoly
market equilibrium
target market
14. When the imports into a country exceed the exports going out of a country.
trade deficit
beneficiary
NAFTA
depth of assortment
15. Goods bought and used by companies - such as machines. Also known as capital goods.
shareholder value
producer goods
monopoly
trade deficit
16. System in which good or services are exchanged for other goods or services rather than cash.
barter
trademark
RPI
dealer brands
17. Organization for Economic Cooperation and Development
OECD
markup
factors of production
supermarket
18. Process of communicating back and forth until an agreement has been reached.
governance
negotiation
cooperative
core products
19. A minimum income level below which people are officially poor.
poverty line
Maastricht Treaty
intellectual property
consumer non-durables
20. The total sum of goods and services in demand.
central business district
chain
aggregate demand
duty
21. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
market penetration
department store
EDI
savings rate
22. The percentage of a household's income that is saved.
savings rate
manufacturing
non-tariff barriers
otc drug
23. How companies try to show their products as being different from those of their rivals.
bulk discount
prime rate
copyright
product differentiation
24. An area of land which has never been built on.
producer goods
in-stock
greenfield site
duty
25. A way of measuring performance by comparing a company to similar ones.
product differentiation
freehold
GDP
benchmarking
26. An item which is no longer produced by a manufacturer or sold by a retailer.
unemployment rate
embargo
employee
discontinued
27. Payments made like a bribe to encourage an official to allow something or get something done.
customs
mortgage
grease payments
greenbelt
28. 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.
current account
debit-card system
budget surplus
boom
29. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
CBD
central business district
loyalty card
monopoly
30. The different layers within a society e.g. class - income - education.
barter
social stratification
NIMBY
customs
31. The legal right of the owner of a work over its control and distribution.
aggregate demand
shopping centre
copyright
infringement
32. 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.
dead stock
business sector
empowerment
vending machine
33. American Federation of Labour / Association of Industrial Organizations
leasehold
balance of payments
diversity
AFL/CIO
34. 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.
width of assortment
grease payments
capital spending
upswing
35. A voluntary sector or charity sector organization.
not-for-profit
supermarket
EPOS
outsourcing
36. 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.
BPI
advocacy
Green paper
self-service
37. When budget spending exceeds revenue.
leasehold
tax revenue
shelf warmer
budget deficit
38. A company's main products - e.g. Opel's core product is cars.
tariff
FDI
trade surplus
core products
39. Exclusive ownership of a property for an indefinite period of time.
quota
empowerment
freehold
megamall
40. Something that is bought without being planned for.
impulse purchase
till
outsourcing
advertising
41. Consumer goods that have a short life span - e.g. food or paper tissues.
monetary policies
freehold
consumer non-durables
tariff barriers
42. A retailer that concentrates on selling one particular type of good.
speciality store
producer goods
EPOS
franchising
43. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
beneficiary
supply chain
discretionary income
GDP
44. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
EPOS
markup
balance of payments
constructive economic policies
45. Trade Union Congress.
TUC
not-for-profit
social structure
business cycle
46. The checking - ordering & processing of stock levels.
inventory management
outsourcing
mom-and-pop store
chain
47. Items which a shop has and are available to buy.
in-stock
dead stock
social stratification
sanctions
48. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
Nominal GDP
discontinued
oligopoly
capital spending
49. Development which can be done without harming the environment or natural resources.
negotiation
infringement
sustainable development
chain
50. The number of times during a period a business sells its inventory and replaces it.
supplier
myopic perspective
inventory turnover
empowerment