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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 large - long-term loan taken out to pay for a house.
Maastricht Treaty
tax haven
mortgage
market equilibrium
2. The legal right of the owner of a work over its control and distribution.
megamall
copyright
greenfield site
Americorps
3. A range of many things or people that are very different from each other.
in-stock
foreign exchange
diversity
economic growth
4. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
otc drug
protectionism
non-tariff barriers
oligopoly
5. System in which good or services are exchanged for other goods or services rather than cash.
copycat
barter
target market
NAFTA
6. 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.
trade surplus
capital spending
compliance
consumer durables
7. Business wholly owned by its employees with the emphasis on group decision making.
AAA
cooperative
negotiation
CBI
8. The balance between interest rates and the demand for money.
sustainable development
dealer brands
market equilibrium
markdown
9. A medicine which is available without first getting a prescription from a doctor.
over the counter drug
target market
loyalty card
export controls
10. Confederation of British Industry
tax haven
duty
NAFTA
CBI
11. A person or company from whom goods or services are bought.
unemployment rate
supplier
CPI
savings rate
12. The total sum of a nation's outstanding debt.
direct selling
national debt
core products
manufacturing
13. Payments made like a bribe to encourage an official to allow something or get something done.
product differentiation
public-private partnership
grease payments
assessment
14. How companies try to show their products as being different from those of their rivals.
barter
protectionism
product differentiation
counterfeit
15. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
automatic reordering system
AAA
unemployment rate
CPI
16. The percentage of a household's income that is saved.
unemployment rate
savings rate
intellectual property
over the counter drug
17. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
loyalty card
CPI
new capital investment
FDI
18. Economic policies designed to support business and help it expand.
sustainable
unemployment rate
infringement
constructive economic policies
19. The area of the economy that produces goods and provides services.
department store
employee
trademark
business sector
20. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
mission statement
target market
economic growth
direct selling
21. 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.
barter
protectionism
BPI
aggregate demand
22. Development which can be done without harming the environment or natural resources.
national debt
dealer brands
tariff barriers
sustainable development
23. Goods bought and used by companies - such as machines. Also known as capital goods.
capital spending
retail outlet
allocation
producer goods
24. The difference between merchandise costs and retail selling price.
employee
markup
market equilibrium
trade deficit
25. A large retail unit selling a wide variety of goods in separate departments.
store
trade deficit
department store
bulk discount
26. The money a state earns via taxation.
market skimming
diversity
discontinued
tax revenue
27. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
employee
questionable payments
retail outlet
BPI
28. A self-service food store with grocery - meat and produce departments.
NIMBY
constructive economic policies
supermarket
product differentiation
29. The customer group a retailer wants to attract and satisfy.
target market
social stratification
oligopoly
tax revenue
30. Involving the use of natural resources and energy in a way that does not harm the environment.
sustainable
standard of living
economic growth
supply chain
31. A period of decline in economic activity.
investment
recession
balance of payments
AAA
32. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
variety store
shopping centre
tax haven
Fed
33. Regular fluctuations in overall economic activity over time.
AAA
department store
urban
business cycle
34. Hiring an external company to perform tasks for a company and reduce costs.
outsourcing
discretionary income
impulse purchase
shopping centre
35. When a price has been cut.
reduced
not-for-profit
consumer non-durables
non-tariff barriers
36. Connected with society and the way it is organized.
societal
beneficiary
NIMBY
customer
37. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
store
greenfield site
fiscal policies
FDI
38. The total sum of goods and services in demand.
advocacy
aggregate demand
compliance
shelf warmer
39. Doing something (performing a process) to make a material ready for your requirments.
boom
fiscal policies
bulk discount
processing
40. Imitating another company's ideas rather than developing your own.
copyright
copycat
impulse purchase
depression
41. When a company reduces their output during a recession they have excess or idle capacity.
CPI
idle capacity
mom-and-pop store
money supply
42. The checking - ordering & processing of stock levels.
deficit spending
quota
fake
inventory management
43. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
standard of living
GDP
questionable payments
greenbelt
44. Obstacles to international trade other than tariffs.
embargo
sustainable development
non-tariff barriers
copycat
45. A person who works for someone else in exchange for payment.
employee
depth of assortment
benchmarking
bulk discount
46. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
real GDP
NGOs
over the counter drug
consumer durables
47. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
inventory shrinkage
new capital investment
processing
stockroom
48. When a small number of companies control a certain market.
oligopoly
negative equity
sustainable
inventory
49. Something that is required by law.
franchising
statutory
dealer brands
White paper
50. The different layers within a society e.g. class - income - education.
social stratification
barter
leasehold
public-private partnership