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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. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
copycat
assessment
quota
White paper
2. Economic policies that use money e.g. interest rates or money supply as the major instruments.
till
monetary policies
Nominal GDP
reduced
3. The skills and knowledge needed to start and run a company.
entrepreneurship
foreign exchange
stockroom
NIMBY
4. 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.
OECD
public-private partnership
current account
automatic reordering system
5. A storeroom where items which cannot be put on display are stored.
tax haven
aggregate demand
stockroom
dealer brands
6. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
CPI
AAA
niche strategy
FDI
7. A small owner-operated store serving a local community.
mom-and-pop store
national debt
NAFTA
variety store
8. Value of the entire company as expressed by its market capitalization.
depression
investment
shareholder value
tariff barriers
9. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
stakeholder
tax revenue
product differentiation
investment
10. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
inventory
in-stock
subsidy
sustainability
11. Patterns of relationships between different groups of society.
blight
social structure
societal
consumer goods
12. 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
employee
fiscal policies
TUC
13. Sets of specific restraints imposed by governments on international trade.
speciality store
sanctions
discretionary income
cooperative
14. 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
oligopoly
open-market operations
variety store
15. Confederation of British Industry
CBI
stockroom
central business district
empowerment
16. Goods bought for private use.
savings rate
negative equity
mission statement
consumer goods
17. Organization for Economic Cooperation and Development
OECD
EDI
protectionism
inventory management
18. A person or organization which receives money from a charity.
TUC
beneficiary
embargo
retail outlet
19. 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.
capital spending
store
barter
open-market operations
20. A card payment system where the cost of goods or services is immediately removed from a bank account.
NIMBY
debit-card system
mom-and-pop store
greenbelt
21. 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?
idle capacity
counterfeit
PPP
allocation
22. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
assessment
intellectual property
White paper
mom-and-pop store
23. An extremely adverse environmental condition.
blight
competitive
money supply
negative equity
24. A voluntary sector or charity sector organization.
till
supermarket
restrictive economic policies
not-for-profit
25. A period where there is little economic activity - high unemployment and much poverty.
savings rate
inventory turnover
CBD
depression
26. Economic policies that use taxation to correct the course of the economy e.g. lowering sales tax to encourage spending or raising interest rates to encourage saving.
AAA
inventory
fiscal policies
shelf warmer
27. A medicine which is available without first getting a prescription from a doctor.
over the counter drug
depth of assortment
inventory management
core products
28. A large - long-term loan taken out to pay for a house.
mortgage
core products
downswing
recession
29. Payments made like a bribe to encourage an official to allow something or get something done.
supermarket
grease payments
depth of assortment
questionable payments
30. Items sold in a store during a certain period measuring in number of units or value.
copycat
empowerment
stock turnover
household sector
31. A shop or store.
retail outlet
core products
unemployment rate
reduced
32. Volunteer organization for young - disadvantaged Americans.
otc drug
stock turnover
Americorps
GDP
33. Connected with society and the way it is organized.
societal
processing
aggregate demand
negotiation
34. The number of times during a period a business sells its inventory and replaces it.
tariff
balance of trade
capital spending
inventory turnover
35. Buying currency options that fix exchange rates for a period of time.
copyright
RPI
currency hedging
advocacy
36. Process of communicating back and forth until an agreement has been reached.
FDI
NAFTA
negotiation
GDP
37. The area of the economy that produces goods and provides services.
duty
business sector
money supply
mom-and-pop store
38. Trade Union Congress.
blight
debit-card system
TUC
myopic perspective
39. Obstacles to international trade based on customs tariffs.
manufacturing
employee
tariff barriers
shopping centre
40. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
EDI
current account
money supply
economic growth
41. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
product differentiation
direct selling
tariff barriers
trademark
42. The purchase of a financial product or other item of value with the hope that it will become more valuable.
mortgage
Green paper
investment
White paper
43. The sum of money invested in new or additional equipment.
bulk discount
protectionism
new capital investment
shareholder value
44. The rare situation when budget spending is smaller than revenue.
dealer brands
leasehold
debit-card system
budget surplus
45. American Federation of Labour / Association of Industrial Organizations
debit-card system
beneficiary
AFL/CIO
open source
46. When a company reduces their output during a recession they have excess or idle capacity.
idle capacity
BPI
shelf warmer
Nominal GDP
47. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
shelf warmer
self-service
sustainability
grease payments
48. Meeting accepted guidelines or laws.
compliance
supply chain
copycat
over the counter drug
49. A person or company from whom goods or services are bought.
foreign exchange
supplier
consumer goods
factors of production
50. Economic policies designed to support business and help it expand.
Fed
target market
constructive economic policies
width of assortment