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Test your basic knowledge |
Business English Vocab Test
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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. The buying and selling of government securities by a central bank in order to control the money supply.
reduced
PPP
stakeholder
open-market operations
2. A retailer that concentrates on selling one particular type of good.
leasehold
employee
NAFTA
speciality store
3. Economic policies that use money e.g. interest rates or money supply as the major instruments.
monetary policies
currency hedging
public-private partnership
fiscal policies
4. An imitation of a product made with the intent to defraud a customer.
counterfeit
protectionism
consumer durables
variety store
5. Focusing on a more specific line of products or services in comparison to competitors.
PPP
niche strategy
EPOS
stock turnover
6. Value of the entire company as expressed by its market capitalization.
shareholder value
assessment
tax revenue
store loyalty
7. The total sum of goods and services in demand.
societal
infringement
aggregate demand
greenfield site
8. Products that can hold their own against rival products in terms of price - features or quality.
competitive
WTO
open-market operations
compliance
9. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
questionable payments
grease payments
protectionism
economic growth
10. The right to live in a home on a long-term tenancy.
deficit spending
export controls
leasehold
megamall
11. A period of decline in economic activity.
recession
balance of payments
AAA
money supply
12. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
NIMBY
FMCG
infringement
till
13. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
protectionism
barter
counterfeit
volunteer
14. The variety of goods that a retailer sells.
tariff barriers
AAA
stockroom
depth of assortment
15. When a company reduces their output during a recession they have excess or idle capacity.
household sector
idle capacity
department store
FDI
16. When the exports a country makes exceed the imports.
constructive economic policies
idle capacity
not-for-profit
trade surplus
17. A large - long-term loan taken out to pay for a house.
duty
Fed
recession
mortgage
18. Central Business District - the largest retail and office area of a city - also known as downtown
CBD
intellectual property
markup
new capital investment
19. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
upswing
greenbelt
NGOs
markdown
20. Involving the use of natural resources and energy in a way that does not harm the environment.
sustainable
in-stock
urban
BPI
21. A tax imposed on imports by the customs authority of a country.
duty
subsidy
monetary policies
governance
22. Sets of specific restraints imposed by governments on international trade.
tax revenue
currency hedging
sanctions
open-market operations
23. A storeroom where items which cannot be put on display are stored.
NIMBY
FDI
CBI
stockroom
24. System in which good or services are exchanged for other goods or services rather than cash.
customer
social structure
retail outlet
barter
25. How companies try to show their products as being different from those of their rivals.
product differentiation
depth of assortment
balance of trade
retail outlet
26. The percentage of people who do not have a job.
idle capacity
unemployment rate
GDP
monetary policies
27. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
volunteer
RPI
store
monopoly
28. Development which can be done without harming the environment or natural resources.
sustainable development
supermarket
inventory shrinkage
checkout
29. Machine for processing sales - taking payments - giving change. Also know as a cash register.
protectionism
till
Green paper
myopic perspective
30. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
niche strategy
advertising
myopic perspective
Fed
31. Agreement that provided the basis for the formation of the European Union.
consumer goods
market skimming
current account
Maastricht Treaty
32. Shows the flows of money into and out of a country plus transfer payments.
allocation
balance of payments
Green paper
stakeholder
33. A government-imposed tax on imports.
width of assortment
aggregate demand
entrepreneurship
tariff
34. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
myopic perspective
statutory
width of assortment
AFL/CIO
35. An individual or company buying from someone.
constructive economic policies
allocation
discontinued
customer
36. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
quota
AFL/CIO
vending machine
convenience store
37. Statement of policy issued by a government which may form the basis of a future law.
trade surplus
White paper
balance of payments
beneficiary
38. The percentage of a household's income that is saved.
reduced
savings rate
impulse purchase
cooperative
39. A period of very high economic activity.
national debt
capital spending
boom
variety store
40. When a small number of companies control a certain market.
open-market operations
shopping centre
oligopoly
tax haven
41. The total sum of a nation's outstanding debt.
national debt
savings rate
allocation
otc drug
42. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
inventory
household sector
consumer durables
budget surplus
43. When budget spending exceeds revenue.
FDI
balance of trade
budget deficit
foreign exchange
44. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
balance of payments
governance
business sector
convenience store
45. The support of a cause.
advocacy
mission statement
EDI
consumer non-durables
46. A self-service food store with grocery - meat and produce departments.
supermarket
subsidy
market equilibrium
till
47. The purchase of a financial product or other item of value with the hope that it will become more valuable.
loyalty card
central business district
investment
Maastricht Treaty
48. Buying currency options that fix exchange rates for a period of time.
savings rate
TUC
currency hedging
business cycle
49. The checking - ordering & processing of stock levels.
Americorps
discontinued
infringement
inventory management
50. Financial aid by the government to an individual or group to support an activity that is in the public interest.
subsidy
open source
urban
in-stock
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