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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. An imitation of a product made with the intent to defraud a customer.
counterfeit
customer
benchmarking
trade deficit
2. A period of economic expansion.
NGOs
infringement
upswing
protectionism
3. Trade Union Congress.
negotiation
diversity
sanctions
TUC
4. Economic policies that use money e.g. interest rates or money supply as the major instruments.
monetary policies
shareholder
franchising
diversity
5. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
greenfield site
inventory turnover
not-for-profit
sustainability
6. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
AAA
urban
niche strategy
fake
7. Regulations that mean permission from the government is required before certain items can be exported.
diversity
NIMBY
sanctions
export controls
8. Something that is bought without being planned for.
household sector
poverty line
standard of living
impulse purchase
9. The sum of money invested in new or additional equipment.
budget surplus
sustainable
new capital investment
grease payments
10. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
deficit spending
monopoly
empowerment
variety store
11. Buying currency options that fix exchange rates for a period of time.
processing
currency hedging
prime rate
inventory management
12. The amount of money a person has left after paying taxes and buying necessities.
fiscal policies
household sector
stockroom
discretionary income
13. 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?
grease payments
greenbelt
PPP
Green paper
14. Agreement that provided the basis for the formation of the European Union.
mom-and-pop store
store loyalty
Maastricht Treaty
stakeholder
15. Shows the flows of money into and out of a country plus transfer payments.
current account
balance of payments
convenience store
stockroom
16. A company's main products - e.g. Opel's core product is cars.
core products
negative equity
infringement
social structure
17. Process of communicating back and forth until an agreement has been reached.
franchising
prime rate
negotiation
consumer goods
18. The system of organizations involved in moving a product from manufacturer to customer.
urban
supply chain
idle capacity
current account
19. Development which can be done without harming the environment or natural resources.
sustainable development
tariff
target market
inventory turnover
20. The right to live in a home on a long-term tenancy.
leasehold
savings rate
greenfield site
urban
21. Items sold in a store during a certain period measuring in number of units or value.
tariff
entrepreneurship
stock turnover
mom-and-pop store
22. The legal right of the owner of a work over its control and distribution.
dealer brands
copyright
shopping centre
questionable payments
23. Giving people the freedom to decide things and take responsibility for themselves.
markdown
governance
societal
empowerment
24. When the amount borrowed to pay for a home is now more than the property is actually worth.
negative equity
savings rate
otc drug
barter
25. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
tax haven
product differentiation
shopping centre
niche strategy
26. A person or company from whom goods or services are bought.
trade deficit
supplier
product differentiation
boom
27. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
megamall
sustainability
economic growth
supply chain
28. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
trade surplus
advertising
retail outlet
stakeholder
29. Multiple retail units under common ownership.
vending machine
market equilibrium
chain
supply chain
30. The total amount of money in circulation in a country.
oligopoly
money supply
megamall
urban
31. Something that is required by law.
embargo
restrictive economic policies
statutory
blight
32. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
social structure
counterfeit
EPOS
aggregate demand
33. A collection of shops under one roof with a shared entrance and food area.
reduced
cooperative
Green paper
shopping centre
34. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
NIMBY
variety store
money supply
protectionism
35. Consumer goods that have a short life span - e.g. food or paper tissues.
store
balance of payments
megamall
consumer non-durables
36. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
investment
EDI
dealer brands
compliance
37. A test or way of measuring something.
new capital investment
assessment
inventory
store loyalty
38. Relating to cities or built up areas - not the countryside.
direct selling
urban
balance of trade
PPP
39. Distribution of anything for use - including time or money.
department store
customs
allocation
protectionism
40. Sets of specific restraints imposed by governments on international trade.
target market
RPI
in-stock
sanctions
41. The rare situation when budget spending is smaller than revenue.
aggregate demand
budget surplus
advertising
factors of production
42. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
shareholder value
sanctions
direct selling
infringement
43. Central Business District - the largest retail and office area of a city - also known as downtown
idle capacity
recession
benchmarking
CBD
44. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
budget surplus
franchising
entrepreneurship
inventory shrinkage
45. The Federal Reserve - the US central banking system.
stockroom
consumer durables
Fed
balance of payments
46. A consultation document that sets out the government's position on a certain issue.
beneficiary
White paper
FDI
Green paper
47. The difference between merchandise costs and retail selling price.
self-service
monopoly
markup
depression
48. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
advertising
checkout
otc drug
blight
49. A medicine which is available without first getting a prescription from a doctor.
customs
economic growth
tax haven
over the counter drug
50. 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.
market skimming
social stratification
vending machine
TUC
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