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Test your basic knowledge |
Business English Vocab Test
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Subjects
:
business-skills
,
english
,
vocabulary
Instructions:
Answer 50 questions in 15 minutes.
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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. Relating to cities or built up areas - not the countryside.
urban
intellectual property
economic growth
Maastricht Treaty
2. Government policies to cool down an economy and prevent inflation during boom periods.
restrictive economic policies
assessment
household sector
not-for-profit
3. Volunteer organization for young - disadvantaged Americans.
advocacy
sustainable development
quota
Americorps
4. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
foreign exchange
shopping centre
money supply
NAFTA
5. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
NGOs
household sector
benchmarking
assessment
6. The amount of wealth - money - comfort etc that a particular person - group or society has.
standard of living
CPI
myopic perspective
TUC
7. Sets of specific restraints imposed by governments on international trade.
NIMBY
sanctions
EDI
competitive
8. A collection of shops under one roof with a shared entrance and food area.
store
mission statement
shopping centre
protectionism
9. Patterns of relationships between different groups of society.
greenbelt
monopoly
speciality store
social structure
10. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
dealer brands
leasehold
stakeholder
allocation
11. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
Fed
poverty line
automatic reordering system
questionable payments
12. A self-service food store with grocery - meat and produce departments.
tariff
open-market operations
supermarket
non-tariff barriers
13. The difference between merchandise costs and retail selling price.
tariff
markup
upswing
foreign exchange
14. An enormous planned shopping centre with hundreds of stores under one roof.
business cycle
stakeholder
volunteer
megamall
15. A government-imposed tax on imports.
tariff
niche strategy
variety store
barter
16. Products that can hold their own against rival products in terms of price - features or quality.
competitive
reduced
product differentiation
NAFTA
17. A way of measuring performance by comparing a company to similar ones.
EPOS
convenience store
benchmarking
loyalty card
18. A period of decline in economic activity.
copyright
employee
Green paper
recession
19. A company's main products - e.g. Opel's core product is cars.
trade surplus
recession
core products
discontinued
20. Buying currency options that fix exchange rates for a period of time.
product differentiation
currency hedging
sustainable development
Nominal GDP
21. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
AFL/CIO
national debt
upswing
monopoly
22. When governments try to stabilize economic activities by funding major projects from budget deficits.
RPI
blight
tariff barriers
deficit spending
23. The money a state earns via taxation.
budget surplus
processing
benchmarking
tax revenue
24. The Federal Reserve - the US central banking system.
Fed
inventory management
processing
self-service
25. The legal right of the owner of a work over its control and distribution.
standard of living
store
consumer non-durables
copyright
26. Involving the use of natural resources and energy in a way that does not harm the environment.
trade deficit
non-tariff barriers
sustainable
shelf warmer
27. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.
supply chain
mission statement
prime rate
tariff barriers
28. A period of shrinking economic activity.
discretionary income
downswing
balance of payments
urban
29. An imitation of a product made with the intent to defraud a customer.
debit-card system
budget surplus
counterfeit
shelf warmer
30. A person or company from whom goods or services are bought.
capital spending
assessment
width of assortment
supplier
31. An owner of shares or stocks in a company.
EDI
outsourcing
supplier
shareholder
32. Exclusive ownership of a property for an indefinite period of time.
protectionism
freehold
markup
grease payments
33. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
NAFTA
customer
convenience store
CPI
34. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
self-service
diversity
allocation
unemployment rate
35. The total sum of a nation's outstanding debt.
entrepreneurship
unemployment rate
national debt
customs
36. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
trademark
trade deficit
product differentiation
monopoly
37. Agreement that provided the basis for the formation of the European Union.
grease payments
WTO
Maastricht Treaty
Nominal GDP
38. The sum of money invested in new or additional equipment.
intellectual property
vending machine
new capital investment
standard of living
39. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
EDI
manufacturing
stockroom
national debt
40. Value of the entire company as expressed by its market capitalization.
export controls
shareholder value
market equilibrium
Nominal GDP
41. An economic sanction that forbids the import of a specific product or all products from a specific country.
product differentiation
mortgage
embargo
stakeholder
42. Items which a shop has and are available to buy.
statutory
in-stock
copycat
budget surplus
43. Machine for processing sales - taking payments - giving change. Also know as a cash register.
variety store
debit-card system
till
store
44. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
economic growth
store
greenfield site
quota
45. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
diversity
societal
inventory shrinkage
assessment
46. The purchase of a financial product or other item of value with the hope that it will become more valuable.
national debt
volunteer
investment
counterfeit
47. A person or organization which receives money from a charity.
beneficiary
inventory shrinkage
benchmarking
grease payments
48. When a private company provides a public service in agreement with a government or council.
public-private partnership
fake
over the counter drug
societal
49. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
RPI
leasehold
currency hedging
otc drug
50. The skills and knowledge needed to start and run a company.
entrepreneurship
intellectual property
grease payments
recession
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