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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. Something which is a copy or imitation.
constructive economic policies
allocation
variety store
fake
2. A way of measuring performance by comparing a company to similar ones.
Nominal GDP
dead stock
benchmarking
inventory turnover
3. A company's main products - e.g. Opel's core product is cars.
manufacturing
poverty line
core products
factors of production
4. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
NIMBY
depression
WTO
processing
5. Regular fluctuations in overall economic activity over time.
business cycle
shareholder
automatic reordering system
factors of production
6. The area of the economy that produces goods and provides services.
mission statement
CPI
business sector
mortgage
7. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
barter
shelf warmer
inventory turnover
standard of living
8. Agreement that provided the basis for the formation of the European Union.
assessment
EPOS
Maastricht Treaty
constructive economic policies
9. The buying and selling of government securities by a central bank in order to control the money supply.
mission statement
mortgage
open-market operations
FDI
10. The percentage of a household's income that is saved.
business sector
counterfeit
stockroom
savings rate
11. When a private company provides a public service in agreement with a government or council.
fake
compliance
central business district
public-private partnership
12. A card payment system where the cost of goods or services is immediately removed from a bank account.
debit-card system
sustainability
target market
infringement
13. A consultation document that sets out the government's position on a certain issue.
Fed
Green paper
public-private partnership
cooperative
14. Involving the use of natural resources and energy in a way that does not harm the environment.
consumer durables
assessment
sustainable
fiscal policies
15. Volunteer organization for young - disadvantaged Americans.
greenfield site
automatic reordering system
Americorps
BPI
16. Doing something (performing a process) to make a material ready for your requirments.
checkout
processing
self-service
sustainability
17. When a customer regularly uses a store they know - like and trust.
TUC
beneficiary
store loyalty
balance of payments
18. The system of organizations involved in moving a product from manufacturer to customer.
tax revenue
convenience store
automatic reordering system
supply chain
19. A period of very high economic activity.
boom
EPOS
market penetration
markdown
20. 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.
boom
otc drug
megamall
capital spending
21. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
quota
foreign exchange
household sector
self-service
22. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
not-for-profit
questionable payments
myopic perspective
subsidy
23. An enormous planned shopping centre with hundreds of stores under one roof.
WTO
megamall
money supply
balance of payments
24. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
producer goods
real GDP
savings rate
counterfeit
25. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
idle capacity
monopoly
Nominal GDP
otc drug
26. The purchase of a financial product or other item of value with the hope that it will become more valuable.
product differentiation
investment
reduced
niche strategy
27. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.
duty
customs
WTO
NIMBY
28. A government-imposed tax on imports.
department store
sustainable
tariff
BPI
29. An imitation of a product made with the intent to defraud a customer.
recession
counterfeit
public-private partnership
open-market operations
30. Business wholly owned by its employees with the emphasis on group decision making.
cooperative
RPI
prime rate
customs
31. The percentage of people who do not have a job.
non-tariff barriers
recession
unemployment rate
EPOS
32. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
FDI
prime rate
loyalty card
markup
33. An economic sanction that forbids the import of a specific product or all products from a specific country.
deficit spending
investment
outsourcing
embargo
34. Exclusive ownership of a property for an indefinite period of time.
questionable payments
freehold
market skimming
prime rate
35. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
depth of assortment
mom-and-pop store
protectionism
BPI
36. 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.
discretionary income
megamall
vending machine
franchising
37. Value of the entire company as expressed by its market capitalization.
diversity
store
shareholder value
market equilibrium
38. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
variety store
retail outlet
White paper
budget surplus
39. Items which a shop has and are available to buy.
compliance
capital spending
current account
in-stock
40. The way in which a company is controlled.
societal
governance
megamall
inventory shrinkage
41. A person or company from whom goods or services are bought.
supplier
blight
balance of trade
FMCG
42. A large - long-term loan taken out to pay for a house.
PPP
supplier
quota
mortgage
43. A shop or store.
downswing
retail outlet
new capital investment
entrepreneurship
44. A period of economic expansion.
upswing
household sector
entrepreneurship
capital spending
45. Patterns of relationships between different groups of society.
shareholder value
megamall
OECD
social structure
46. The violation of a law or right.
infringement
urban
GDP
tariff barriers
47. Distribution of anything for use - including time or money.
upswing
allocation
compliance
White paper
48. Obstacles to international trade based on customs tariffs.
public-private partnership
niche strategy
inventory shrinkage
tariff barriers
49. When a price has been cut.
market skimming
reduced
megamall
markup
50. A voluntary sector or charity sector organization.
urban
not-for-profit
budget deficit
questionable payments