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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 person or organization which receives money from a charity.
NIMBY
money supply
core products
beneficiary
2. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
reduced
investment
TUC
variety store
3. 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.
aggregate demand
speciality store
cooperative
vending machine
4. The amount of wealth - money - comfort etc that a particular person - group or society has.
national debt
producer goods
dealer brands
standard of living
5. The percentage of a household's income that is saved.
statutory
savings rate
freehold
export controls
6. The percentage of people who do not have a job.
unemployment rate
EPOS
social structure
standard of living
7. The total sum of a nation's outstanding debt.
entrepreneurship
advocacy
national debt
investment
8. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
inventory shrinkage
myopic perspective
intellectual property
Maastricht Treaty
9. When a customer regularly uses a store they know - like and trust.
new capital investment
store loyalty
cooperative
shareholder value
10. When budget spending exceeds revenue.
budget deficit
myopic perspective
diversity
niche strategy
11. The system of organizations involved in moving a product from manufacturer to customer.
supply chain
impulse purchase
foreign exchange
WTO
12. When governments try to stabilize economic activities by funding major projects from budget deficits.
RPI
deficit spending
BPI
savings rate
13. Usually software where the source code is made freely available for all users to change as they see fit.
national debt
automatic reordering system
compliance
open source
14. The rare situation when budget spending is smaller than revenue.
budget surplus
reduced
societal
foreign exchange
15. Financial aid by the government to an individual or group to support an activity that is in the public interest.
megamall
consumer non-durables
otc drug
subsidy
16. A shop or store.
retail outlet
statutory
household sector
supply chain
17. The buying and selling of government securities by a central bank in order to control the money supply.
open-market operations
factors of production
real GDP
NAFTA
18. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
greenbelt
quota
market skimming
competitive
19. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
empowerment
FDI
dealer brands
foreign exchange
20. A medicine which is available without first getting a prescription from a doctor.
supplier
over the counter drug
dead stock
trade deficit
21. A reduction in price offered when buying an item in higher quantities.
real GDP
shelf warmer
bulk discount
cooperative
22. American Federation of Labour / Association of Industrial Organizations
AFL/CIO
markdown
impulse purchase
volunteer
23. A period of decline in economic activity.
recession
dealer brands
protectionism
household sector
24. Distribution of anything for use - including time or money.
real GDP
allocation
budget deficit
trade deficit
25. A self-service food store with grocery - meat and produce departments.
customs
customer
fiscal policies
supermarket
26. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
WTO
RPI
AFL/CIO
competitive
27. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
inventory shrinkage
markdown
otc drug
AFL/CIO
28. Confederation of British Industry
negative equity
prime rate
CBI
target market
29. The way in which a company is controlled.
diversity
governance
markdown
myopic perspective
30. A small owner-operated store serving a local community.
mom-and-pop store
vending machine
EDI
sustainable development
31. A country's exports minus its imports.
balance of trade
budget surplus
freehold
sustainability
32. Value of the entire company as expressed by its market capitalization.
negative equity
open source
otc drug
shareholder value
33. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
bulk discount
counterfeit
core products
monopoly
34. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
AAA
export controls
tariff barriers
product differentiation
35. 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
social stratification
stock turnover
Green paper
36. The total amount of money in circulation in a country.
freehold
consumer durables
prime rate
money supply
37. When the amount borrowed to pay for a home is now more than the property is actually worth.
variety store
social stratification
negative equity
mom-and-pop store
38. The difference between merchandise costs and retail selling price.
markup
advertising
dead stock
budget surplus
39. The balance between interest rates and the demand for money.
market equilibrium
BPI
NAFTA
width of assortment
40. Patterns of relationships between different groups of society.
mom-and-pop store
AAA
social structure
protectionism
41. Economic policies designed to support business and help it expand.
constructive economic policies
negative equity
till
direct selling
42. Consumer goods that have a long life span - e.g. furniture.
depression
budget deficit
fake
consumer durables
43. The checking - ordering & processing of stock levels.
public-private partnership
width of assortment
inventory management
beneficiary
44. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
business cycle
economic growth
Fed
savings rate
45. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
fake
volunteer
trademark
shopping centre
46. A person who works for someone else in exchange for payment.
boom
NAFTA
speciality store
employee
47. A way of measuring performance by comparing a company to similar ones.
WTO
aggregate demand
inventory turnover
benchmarking
48. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
central business district
stakeholder
EPOS
megamall
49. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
CBI
NIMBY
niche strategy
open-market operations
50. The money a state earns via taxation.
mission statement
markdown
budget deficit
tax revenue