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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. 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.
NAFTA
freehold
franchising
capital spending
2. The purchase of a financial product or other item of value with the hope that it will become more valuable.
Fed
department store
investment
urban
3. The buying and selling of government securities by a central bank in order to control the money supply.
till
CBD
subsidy
open-market operations
4. 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.
market penetration
BPI
mission statement
blight
5. Government policies to cool down an economy and prevent inflation during boom periods.
dead stock
national debt
in-stock
restrictive economic policies
6. The variety of goods that a retailer sells.
depth of assortment
negative equity
NGOs
balance of trade
7. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
trade surplus
checkout
infringement
greenbelt
8. The Federal Reserve - the US central banking system.
Fed
customer
tariff
EDI
9. Goods bought for private use.
negative equity
bulk discount
tax revenue
consumer goods
10. Obstacles to international trade based on customs tariffs.
tariff barriers
urban
real GDP
shareholder
11. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
AFL/CIO
copyright
markdown
advertising
12. A self-service food store with grocery - meat and produce departments.
PPP
counterfeit
supermarket
automatic reordering system
13. A period where there is little economic activity - high unemployment and much poverty.
markdown
balance of payments
depression
compliance
14. A period of very high economic activity.
automatic reordering system
EPOS
foreign exchange
boom
15. Connected with society and the way it is organized.
investment
societal
fiscal policies
market penetration
16. The different layers within a society e.g. class - income - education.
statutory
social stratification
quota
PPP
17. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
beneficiary
chain
business cycle
EDI
18. 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
fiscal policies
sustainable development
stock turnover
19. The total sum of a nation's outstanding debt.
beneficiary
sustainability
PPP
national debt
20. A large retail unit selling a wide variety of goods in separate departments.
economic growth
governance
inventory
department store
21. The percentage of a household's income that is saved.
negotiation
franchising
market penetration
savings rate
22. Something that is required by law.
statutory
business cycle
OECD
inventory management
23. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
real GDP
subsidy
embargo
inventory shrinkage
24. A retail outlet.
stock turnover
store
assessment
sustainable development
25. Machine for processing sales - taking payments - giving change. Also know as a cash register.
till
copycat
fake
standard of living
26. When governments try to stabilize economic activities by funding major projects from budget deficits.
trade deficit
deficit spending
duty
manufacturing
27. An enormous planned shopping centre with hundreds of stores under one roof.
inventory
TUC
idle capacity
megamall
28. Imitating another company's ideas rather than developing your own.
NAFTA
negative equity
CBD
copycat
29. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
WTO
quota
PPP
processing
30. Relating to cities or built up areas - not the countryside.
supplier
urban
quota
customs
31. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
in-stock
greenfield site
NIMBY
sustainability
32. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
sustainability
cooperative
loyalty card
stockroom
33. A voluntary sector or charity sector organization.
embargo
BPI
not-for-profit
market skimming
34. When a company reduces their output during a recession they have excess or idle capacity.
idle capacity
manufacturing
trade deficit
OECD
35. The amount of wealth - money - comfort etc that a particular person - group or society has.
standard of living
market penetration
budget deficit
AAA
36. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
savings rate
store
otc drug
quota
37. A minimum income level below which people are officially poor.
poverty line
mom-and-pop store
Fed
NAFTA
38. Regular fluctuations in overall economic activity over time.
investment
recession
empowerment
business cycle
39. A consultation document that sets out the government's position on a certain issue.
department store
Maastricht Treaty
Green paper
sustainable
40. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
self-service
grease payments
NGOs
trademark
41. The number of times during a period a business sells its inventory and replaces it.
volunteer
subsidy
economic growth
inventory turnover
42. An imitation of a product made with the intent to defraud a customer.
counterfeit
shelf warmer
market penetration
customs
43. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
economic growth
tax haven
greenfield site
empowerment
44. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
market skimming
variety store
mission statement
deficit spending
45. Involving the use of natural resources and energy in a way that does not harm the environment.
NAFTA
sustainable
producer goods
convenience store
46. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
grease payments
NIMBY
loyalty card
Fed
47. The total amount of money in circulation in a country.
NGOs
money supply
producer goods
restrictive economic policies
48. The legal right of the owner of a work over its control and distribution.
copyright
cooperative
aggregate demand
questionable payments
49. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
till
cooperative
greenfield site
Nominal GDP
50. Patterns of relationships between different groups of society.
shopping centre
employee
social structure
budget deficit