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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. Products that can hold their own against rival products in terms of price - features or quality.
urban
beneficiary
trade deficit
competitive
2. A minimum income level below which people are officially poor.
competitive
WTO
poverty line
target market
3. The area of the economy that produces goods and provides services.
household sector
Green paper
AAA
business sector
4. Items which a shop has and are available to buy.
tariff barriers
competitive
producer goods
in-stock
5. The different layers within a society e.g. class - income - education.
CBI
trademark
social stratification
FDI
6. American Federation of Labour / Association of Industrial Organizations
AFL/CIO
diversity
trade surplus
processing
7. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
protectionism
BPI
stock turnover
tax haven
8. The purchase of a financial product or other item of value with the hope that it will become more valuable.
investment
mission statement
shelf warmer
outsourcing
9. Patterns of relationships between different groups of society.
subsidy
social structure
supermarket
statutory
10. Something that is required by law.
allocation
bulk discount
debit-card system
statutory
11. A person or company from whom goods or services are bought.
store
supplier
width of assortment
mortgage
12. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
empowerment
blight
volunteer
trademark
13. Relating to cities or built up areas - not the countryside.
AFL/CIO
urban
stakeholder
tariff barriers
14. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
infringement
FDI
store loyalty
counterfeit
15. Volunteer organization for young - disadvantaged Americans.
speciality store
PPP
Americorps
subsidy
16. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
economic growth
infringement
automatic reordering system
retail outlet
17. Connected with society and the way it is organized.
balance of trade
current account
supermarket
societal
18. When a small number of companies control a certain market.
oligopoly
myopic perspective
negative equity
consumer durables
19. Economic policies designed to support business and help it expand.
constructive economic policies
infringement
questionable payments
social structure
20. 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.
customs
supply chain
CBD
over the counter drug
21. A period of very high economic activity.
BPI
inventory shrinkage
not-for-profit
boom
22. The way in which a company is controlled.
central business district
core products
governance
entrepreneurship
23. The violation of a law or right.
infringement
sustainable
inventory
department store
24. The rare situation when budget spending is smaller than revenue.
budget surplus
core products
upswing
savings rate
25. Obstacles to international trade other than tariffs.
volunteer
non-tariff barriers
social structure
store loyalty
26. Central Business District - the largest retail and office area of a city - also known as downtown
impulse purchase
market equilibrium
CBD
EDI
27. Something which is a copy or imitation.
beneficiary
WTO
fake
stock turnover
28. Someone who does something without being paid for it - e.g. working for a charity.
volunteer
money supply
diversity
social structure
29. Financial aid by the government to an individual or group to support an activity that is in the public interest.
subsidy
not-for-profit
balance of payments
entrepreneurship
30. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
AAA
Maastricht Treaty
advertising
household sector
31. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
consumer non-durables
negotiation
monopoly
stakeholder
32. Obstacles to international trade based on customs tariffs.
AAA
urban
investment
tariff barriers
33. A person or organization which receives money from a charity.
deficit spending
beneficiary
foreign exchange
trade deficit
34. Focusing on a more specific line of products or services in comparison to competitors.
currency hedging
niche strategy
boom
prime rate
35. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
checkout
EPOS
consumer non-durables
national debt
36. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
benchmarking
otc drug
blight
FMCG
37. The hub of retailing in a city - where the most office buildings and retail stores are.
volunteer
leasehold
deficit spending
central business district
38. A storeroom where items which cannot be put on display are stored.
NAFTA
stockroom
downswing
allocation
39. A tax imposed on imports by the customs authority of a country.
supplier
producer goods
household sector
duty
40. System in which good or services are exchanged for other goods or services rather than cash.
barter
protectionism
mortgage
NGOs
41. The resources used to produce goods and services - including land - labour - business and capital.
factors of production
NAFTA
central business district
trade deficit
42. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
questionable payments
advocacy
consumer durables
automatic reordering system
43. A period of economic expansion.
dealer brands
factors of production
inventory
upswing
44. Buying currency options that fix exchange rates for a period of time.
tariff barriers
capital spending
market skimming
currency hedging
45. Distribution of anything for use - including time or money.
allocation
social stratification
checkout
recession
46. Business wholly owned by its employees with the emphasis on group decision making.
cooperative
governance
tariff barriers
White paper
47. The amount of money a person has left after paying taxes and buying necessities.
market skimming
discretionary income
Fed
EDI
48. A shop or store.
retail outlet
business sector
stakeholder
depression
49. When the amount borrowed to pay for a home is now more than the property is actually worth.
duty
consumer non-durables
grease payments
negative equity
50. A reduction in the selling price of an item in order to increase sales.
markdown
infringement
empowerment
constructive economic policies