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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. When the amount borrowed to pay for a home is now more than the property is actually worth.
barter
sanctions
blight
negative equity
2. When the imports into a country exceed the exports going out of a country.
trade deficit
AFL/CIO
AAA
niche strategy
3. 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.
mortgage
market equilibrium
capital spending
FMCG
4. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
mom-and-pop store
idle capacity
FDI
benchmarking
5. 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
open-market operations
in-stock
CBI
6. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
market skimming
sustainable
shareholder
shelf warmer
7. A financial instrument that facilitates payment from one currency to another.
poverty line
export controls
foreign exchange
dealer brands
8. Statement of policy issued by a government which may form the basis of a future law.
prime rate
White paper
monopoly
megamall
9. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
NIMBY
budget deficit
WTO
producer goods
10. Multiple retail units under common ownership.
currency hedging
chain
GDP
WTO
11. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
downswing
store
NAFTA
AFL/CIO
12. A consultation document that sets out the government's position on a certain issue.
vending machine
WTO
bulk discount
Green paper
13. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
business sector
public-private partnership
AAA
self-service
14. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
foreign exchange
upswing
shelf warmer
inventory turnover
15. The rate of interest at which US banks lend money to their best corporate customers.
supplier
prime rate
supermarket
customer
16. Items which a shop has and are available to buy.
mission statement
blight
till
in-stock
17. 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?
prime rate
inventory management
supplier
PPP
18. Process of communicating back and forth until an agreement has been reached.
household sector
open-market operations
negotiation
impulse purchase
19. Trade Union Congress.
TUC
chain
inventory
export controls
20. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
mortgage
GDP
tariff
dealer brands
21. Volunteer organization for young - disadvantaged Americans.
entrepreneurship
Americorps
budget surplus
sustainability
22. Doing something (performing a process) to make a material ready for your requirments.
processing
boom
department store
store loyalty
23. When the exports a country makes exceed the imports.
trade surplus
benchmarking
shopping centre
factors of production
24. Payments made like a bribe to encourage an official to allow something or get something done.
grease payments
store loyalty
currency hedging
fiscal policies
25. Confederation of British Industry
customs
sustainable
intellectual property
CBI
26. The money a state earns via taxation.
beneficiary
tax revenue
TUC
open source
27. An area of land which has never been built on.
greenfield site
governance
automatic reordering system
mortgage
28. A period where there is little economic activity - high unemployment and much poverty.
depression
sanctions
oligopoly
fake
29. Focusing on a more specific line of products or services in comparison to competitors.
PPP
benchmarking
niche strategy
sustainable development
30. Consumer goods that have a short life span - e.g. food or paper tissues.
constructive economic policies
foreign exchange
investment
consumer non-durables
31. 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.
advertising
not-for-profit
greenfield site
BPI
32. Exclusive ownership of a property for an indefinite period of time.
freehold
in-stock
market skimming
foreign exchange
33. When a price has been cut.
reduced
negative equity
shelf warmer
retail outlet
34. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
inventory management
household sector
manufacturing
protectionism
35. An owner of shares or stocks in a company.
in-stock
shareholder
currency hedging
prime rate
36. Refers to the number of distinct goods or services a retailer offers.
White paper
width of assortment
store loyalty
business sector
37. Economic policies that use money e.g. interest rates or money supply as the major instruments.
monetary policies
OECD
constructive economic policies
tariff barriers
38. A shop or store.
retail outlet
copyright
shopping centre
trademark
39. When budget spending exceeds revenue.
Maastricht Treaty
AAA
budget deficit
Fed
40. A period of very high economic activity.
till
EDI
boom
RPI
41. The different layers within a society e.g. class - income - education.
real GDP
recession
social stratification
urban
42. The total sum of goods and services in demand.
target market
customer
customs
aggregate demand
43. The purchase of a financial product or other item of value with the hope that it will become more valuable.
store loyalty
investment
freehold
convenience store
44. Imitating another company's ideas rather than developing your own.
duty
questionable payments
copycat
compliance
45. Items in a store which have not sold for a longer period of time.
dead stock
budget surplus
foreign exchange
tariff
46. Machine for processing sales - taking payments - giving change. Also know as a cash register.
target market
poverty line
niche strategy
till
47. A period of shrinking economic activity.
downswing
AFL/CIO
store
market penetration
48. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
consumer non-durables
variety store
advocacy
boom
49. The hub of retailing in a city - where the most office buildings and retail stores are.
trade surplus
market skimming
balance of payments
central business district
50. Economic policies designed to support business and help it expand.
Americorps
shelf warmer
target market
constructive economic policies