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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. Involving the use of natural resources and energy in a way that does not harm the environment.
compliance
upswing
cooperative
sustainable
2. The amount of money a person has left after paying taxes and buying necessities.
subsidy
shareholder
CBI
discretionary income
3. Business wholly owned by its employees with the emphasis on group decision making.
mom-and-pop store
embargo
retail outlet
cooperative
4. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
EDI
bulk discount
NIMBY
fiscal policies
5. Goods bought for private use.
RPI
consumer goods
monetary policies
impulse purchase
6. Value of the entire company as expressed by its market capitalization.
myopic perspective
questionable payments
stockroom
shareholder value
7. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
self-service
grease payments
social stratification
embargo
8. Machine for processing sales - taking payments - giving change. Also know as a cash register.
CBD
till
outsourcing
processing
9. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
AAA
grease payments
budget deficit
impulse purchase
10. Economic policies designed to support business and help it expand.
constructive economic policies
supply chain
advocacy
checkout
11. When a private company provides a public service in agreement with a government or council.
fiscal policies
advertising
public-private partnership
franchising
12. A consultation document that sets out the government's position on a certain issue.
national debt
budget surplus
Green paper
CBI
13. Government policies to cool down an economy and prevent inflation during boom periods.
restrictive economic policies
sustainable development
investment
tariff
14. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
boom
inventory shrinkage
franchising
automatic reordering system
15. A country's exports minus its imports.
in-stock
inventory management
balance of trade
impulse purchase
16. Process of communicating back and forth until an agreement has been reached.
not-for-profit
negotiation
chain
tariff
17. Hiring an external company to perform tasks for a company and reduce costs.
sustainable development
megamall
outsourcing
CPI
18. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
foreign exchange
debit-card system
GDP
NAFTA
19. The sum of money invested in new or additional equipment.
NIMBY
new capital investment
automatic reordering system
allocation
20. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
convenience store
WTO
compliance
tariff
21. A financial instrument that facilitates payment from one currency to another.
leasehold
foreign exchange
infringement
monopoly
22. 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
PPP
OECD
WTO
23. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.
megamall
quota
variety store
franchising
24. The balance between interest rates and the demand for money.
checkout
central business district
non-tariff barriers
market equilibrium
25. A reduction in price offered when buying an item in higher quantities.
tariff
national debt
bulk discount
width of assortment
26. When budget spending exceeds revenue.
balance of payments
budget deficit
department store
EDI
27. The buying and selling of government securities by a central bank in order to control the money supply.
balance of trade
open-market operations
budget deficit
CBD
28. Volunteer organization for young - disadvantaged Americans.
GDP
copyright
advocacy
Americorps
29. Economic policies that use money e.g. interest rates or money supply as the major instruments.
consumer non-durables
trademark
monetary policies
sustainable
30. The money a state earns via taxation.
sustainable
tax revenue
trade deficit
dead stock
31. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
trademark
benchmarking
infringement
allocation
32. Organization for Economic Cooperation and Development
inventory shrinkage
debit-card system
not-for-profit
OECD
33. A period of very high economic activity.
Green paper
NGOs
boom
stock turnover
34. Multiple retail units under common ownership.
household sector
Americorps
chain
balance of trade
35. A minimum income level below which people are officially poor.
assessment
downswing
poverty line
consumer non-durables
36. Relating to cities or built up areas - not the countryside.
open-market operations
counterfeit
urban
discretionary income
37. When a price has been cut.
business cycle
reduced
standard of living
shopping centre
38. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
negotiation
sustainability
NGOs
BPI
39. Regulations that mean permission from the government is required before certain items can be exported.
Green paper
Nominal GDP
sustainable development
export controls
40. The area of the economy that produces goods and provides services.
bulk discount
budget deficit
checkout
business sector
41. How companies try to show their products as being different from those of their rivals.
public-private partnership
product differentiation
market penetration
mortgage
42. 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?
NIMBY
store
shareholder
PPP
43. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
outsourcing
quota
product differentiation
markdown
44. Doing something (performing a process) to make a material ready for your requirments.
store
greenbelt
sanctions
processing
45. The purchase of a financial product or other item of value with the hope that it will become more valuable.
Nominal GDP
barter
investment
intellectual property
46. The total sum of a nation's outstanding debt.
national debt
otc drug
balance of trade
upswing
47. A person who works for someone else in exchange for payment.
social stratification
automatic reordering system
employee
over the counter drug
48. An item which is no longer produced by a manufacturer or sold by a retailer.
aggregate demand
factors of production
quota
discontinued
49. Confederation of British Industry
sanctions
CBI
inventory management
benchmarking
50. Agreement that provided the basis for the formation of the European Union.
capital spending
money supply
fake
Maastricht Treaty