SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. A card payment system where the cost of goods or services is immediately removed from a bank account.
prime rate
debit-card system
current account
shareholder value
2. Meeting accepted guidelines or laws.
protectionism
Nominal GDP
compliance
social stratification
3. When budget spending exceeds revenue.
stakeholder
tax revenue
producer goods
budget deficit
4. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
boom
monopoly
market equilibrium
Fed
5. Items in a store which have not sold for a longer period of time.
barter
aggregate demand
inventory shrinkage
dead stock
6. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
new capital investment
GDP
barter
Fed
7. The Federal Reserve - the US central banking system.
mission statement
counterfeit
PPP
Fed
8. Sets of specific restraints imposed by governments on international trade.
width of assortment
FDI
sanctions
PPP
9. Giving people the freedom to decide things and take responsibility for themselves.
vending machine
competitive
inventory shrinkage
empowerment
10. The percentage of people who do not have a job.
depth of assortment
export controls
CBI
unemployment rate
11. Items sold in a store during a certain period measuring in number of units or value.
tax haven
stock turnover
urban
supermarket
12. The skills and knowledge needed to start and run a company.
loyalty card
upswing
entrepreneurship
stakeholder
13. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
sustainable
market penetration
budget surplus
shareholder
14. When a small number of companies control a certain market.
open-market operations
oligopoly
embargo
store loyalty
15. A person or company from whom goods or services are bought.
economic growth
open-market operations
supplier
customs
16. Something that is bought without being planned for.
processing
chain
impulse purchase
WTO
17. An imitation of a product made with the intent to defraud a customer.
outsourcing
counterfeit
dealer brands
prime rate
18. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
entrepreneurship
White paper
constructive economic policies
quota
19. The way in which a company is controlled.
fake
NIMBY
governance
statutory
20. 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
PPP
tariff barriers
greenbelt
21. Refers to the number of distinct goods or services a retailer offers.
trade surplus
width of assortment
counterfeit
competitive
22. The rare situation when budget spending is smaller than revenue.
constructive economic policies
national debt
budget surplus
tax revenue
23. Connected with society and the way it is organized.
questionable payments
societal
investment
copyright
24. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
intellectual property
greenbelt
mom-and-pop store
national debt
25. The variety of goods that a retailer sells.
CPI
cooperative
FDI
depth of assortment
26. The different layers within a society e.g. class - income - education.
EDI
social stratification
aggregate demand
capital spending
27. Statement of policy issued by a government which may form the basis of a future law.
loyalty card
White paper
savings rate
employee
28. A small owner-operated store serving a local community.
dealer brands
export controls
mom-and-pop store
in-stock
29. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
WTO
customs
automatic reordering system
recession
30. A retail outlet.
stakeholder
RPI
central business district
store
31. A tax imposed on imports by the customs authority of a country.
duty
shopping centre
tariff
prime rate
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.
AAA
EPOS
inventory shrinkage
counterfeit
33. System in which good or services are exchanged for other goods or services rather than cash.
stakeholder
barter
supplier
currency hedging
34. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
Nominal GDP
employee
recession
export controls
35. A country's exports minus its imports.
balance of trade
infringement
variety store
real GDP
36. Agreement that provided the basis for the formation of the European Union.
tariff barriers
intellectual property
product differentiation
Maastricht Treaty
37. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
PPP
restrictive economic policies
factors of production
tax haven
38. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
grease payments
sanctions
real GDP
downswing
39. The difference between merchandise costs and retail selling price.
tariff
FDI
Green paper
markup
40. 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.
manufacturing
NGOs
franchising
sustainability
41. The area of the economy that produces goods and provides services.
debit-card system
convenience store
business sector
shareholder value
42. Economic policies designed to support business and help it expand.
discontinued
over the counter drug
negative equity
constructive economic policies
43. Something which is a copy or imitation.
fake
greenbelt
megamall
duty
44. Products that can hold their own against rival products in terms of price - features or quality.
FDI
competitive
open-market operations
EDI
45. A company's main products - e.g. Opel's core product is cars.
core products
compliance
PPP
infringement
46. Someone who does something without being paid for it - e.g. working for a charity.
PPP
statutory
cooperative
volunteer
47. Consumer goods that have a long life span - e.g. furniture.
depression
Fed
subsidy
consumer durables
48. Process of communicating back and forth until an agreement has been reached.
EPOS
not-for-profit
negotiation
statutory
49. When a company reduces their output during a recession they have excess or idle capacity.
idle capacity
urban
GDP
dealer brands
50. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
otc drug
national debt
market penetration
subsidy