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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. Central Business District - the largest retail and office area of a city - also known as downtown
CBD
WTO
loyalty card
sanctions
2. A test or way of measuring something.
central business district
diversity
White paper
assessment
3. Meeting accepted guidelines or laws.
advocacy
budget deficit
compliance
business sector
4. Relating to cities or built up areas - not the countryside.
urban
leasehold
market penetration
CPI
5. The total sum of goods and services in demand.
tariff barriers
new capital investment
entrepreneurship
aggregate demand
6. An individual or company buying from someone.
greenbelt
customer
oligopoly
automatic reordering system
7. Something which is a copy or imitation.
stock turnover
bulk discount
fake
depth of assortment
8. An area of land which has never been built on.
blight
greenfield site
product differentiation
dead stock
9. 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.
stockroom
capital spending
social stratification
sanctions
10. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
real GDP
checkout
CBI
NAFTA
11. 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.
CBI
questionable payments
franchising
deficit spending
12. Process of communicating back and forth until an agreement has been reached.
stockroom
negotiation
governance
factors of production
13. Items in a store which have not sold for a longer period of time.
economic growth
speciality store
sanctions
dead stock
14. A card payment system where the cost of goods or services is immediately removed from a bank account.
bulk discount
producer goods
FDI
debit-card system
15. Consumer goods that have a long life span - e.g. furniture.
mortgage
consumer durables
benchmarking
CBI
16. The area of the economy that produces goods and provides services.
business sector
FMCG
discontinued
copyright
17. 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.
vending machine
leasehold
convenience store
RPI
18. A period of decline in economic activity.
restrictive economic policies
recession
entrepreneurship
grease payments
19. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
counterfeit
AFL/CIO
franchising
NGOs
20. Government policies to cool down an economy and prevent inflation during boom periods.
new capital investment
advocacy
restrictive economic policies
inventory management
21. Machine for processing sales - taking payments - giving change. Also know as a cash register.
unemployment rate
factors of production
till
consumer durables
22. The balance between interest rates and the demand for money.
barter
department store
market equilibrium
AFL/CIO
23. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.
consumer goods
capital spending
current account
TUC
24. Value of the entire company as expressed by its market capitalization.
consumer durables
export controls
White paper
shareholder value
25. Goods bought for private use.
freehold
money supply
consumer goods
department store
26. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
Nominal GDP
trademark
societal
copyright
27. An enormous planned shopping centre with hundreds of stores under one roof.
intellectual property
market equilibrium
oligopoly
megamall
28. A government-imposed tax on imports.
FDI
inventory turnover
tariff
subsidy
29. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
PPP
megamall
trademark
debit-card system
30. Imitating another company's ideas rather than developing your own.
barter
real GDP
RPI
copycat
31. Regular fluctuations in overall economic activity over time.
dealer brands
target market
sustainability
business cycle
32. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
CPI
greenbelt
sustainable development
factors of production
33. A storeroom where items which cannot be put on display are stored.
budget surplus
stockroom
standard of living
current account
34. Machine for processing sales - giving change in a shop or restaurant.
greenfield site
checkout
stakeholder
competitive
35. Items sold in a store during a certain period measuring in number of units or value.
processing
stock turnover
budget deficit
impulse purchase
36. Agreement that provided the basis for the formation of the European Union.
currency hedging
AAA
NIMBY
Maastricht Treaty
37. 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
inventory management
vending machine
CPI
38. Volunteer organization for young - disadvantaged Americans.
tax haven
consumer goods
Americorps
self-service
39. A period where there is little economic activity - high unemployment and much poverty.
Nominal GDP
cooperative
open source
depression
40. When a small number of companies control a certain market.
freehold
variety store
greenbelt
oligopoly
41. Someone who does something without being paid for it - e.g. working for a charity.
negotiation
volunteer
FDI
boom
42. Items which a shop has and are available to buy.
in-stock
quota
otc drug
budget surplus
43. The customer group a retailer wants to attract and satisfy.
mission statement
freehold
grease payments
target market
44. Refers to the number of distinct goods or services a retailer offers.
employee
width of assortment
oligopoly
NIMBY
45. A retail outlet.
stockroom
store
store loyalty
NGOs
46. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
idle capacity
national debt
greenbelt
NIMBY
47. Distribution of anything for use - including time or money.
dead stock
export controls
central business district
allocation
48. When the imports into a country exceed the exports going out of a country.
inventory
trade deficit
savings rate
constructive economic policies
49. The sum of money invested in new or additional equipment.
sustainable development
public-private partnership
new capital investment
mom-and-pop store
50. Multiple retail units under common ownership.
chain
open-market operations
WTO
department store