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 large - long-term loan taken out to pay for a house.
competitive
non-tariff barriers
supply chain
mortgage
2. Meeting accepted guidelines or laws.
compliance
current account
entrepreneurship
automatic reordering system
3. Financial aid by the government to an individual or group to support an activity that is in the public interest.
dealer brands
negotiation
shareholder value
subsidy
4. A medicine which is available without first getting a prescription from a doctor.
downswing
compliance
over the counter drug
business sector
5. Giving people the freedom to decide things and take responsibility for themselves.
vending machine
infringement
empowerment
compliance
6. A country's exports minus its imports.
benchmarking
public-private partnership
compliance
balance of trade
7. Goods bought for private use.
EPOS
governance
supply chain
consumer goods
8. Exclusive ownership of a property for an indefinite period of time.
social structure
sustainable development
tax haven
freehold
9. Involving the use of natural resources and energy in a way that does not harm the environment.
target market
variety store
sustainable
counterfeit
10. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
quota
new capital investment
supplier
product differentiation
11. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
FMCG
markdown
vending machine
depression
12. The total sum of a nation's outstanding debt.
chain
factors of production
national debt
savings rate
13. Government policies to cool down an economy and prevent inflation during boom periods.
PPP
restrictive economic policies
duty
advertising
14. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
self-service
new capital investment
inventory
Nominal GDP
15. 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.
target market
consumer goods
vending machine
capital spending
16. Business wholly owned by its employees with the emphasis on group decision making.
shelf warmer
White paper
inventory management
cooperative
17. Organization for Economic Cooperation and Development
depression
stakeholder
OECD
consumer goods
18. The customer group a retailer wants to attract and satisfy.
sustainable development
national debt
automatic reordering system
target market
19. Patterns of relationships between different groups of society.
sustainable
household sector
social structure
economic growth
20. Connected with society and the way it is organized.
tax haven
societal
bulk discount
tariff
21. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
standard of living
NGOs
convenience store
copycat
22. Economic policies designed to support business and help it expand.
market skimming
restrictive economic policies
constructive economic policies
money supply
23. Machine for processing sales - giving change in a shop or restaurant.
checkout
empowerment
new capital investment
foreign exchange
24. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
allocation
trademark
current account
chain
25. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
greenbelt
advertising
discretionary income
inventory
26. When the exports a country makes exceed the imports.
TUC
supplier
trade surplus
consumer goods
27. Sets of specific restraints imposed by governments on international trade.
upswing
tax haven
store
sanctions
28. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
monopoly
CPI
economic growth
inventory
29. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
blight
myopic perspective
diversity
not-for-profit
30. When a private company provides a public service in agreement with a government or council.
embargo
public-private partnership
loyalty card
supplier
31. Someone who does something without being paid for it - e.g. working for a charity.
volunteer
business sector
capital spending
negotiation
32. The rate of interest at which US banks lend money to their best corporate customers.
EPOS
prime rate
open-market operations
speciality store
33. 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.
greenbelt
beneficiary
current account
intellectual property
34. 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
business cycle
fiscal policies
empowerment
35. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
impulse purchase
customs
discontinued
NIMBY
36. Something which is a copy or imitation.
competitive
idle capacity
fake
product differentiation
37. Trade Union Congress.
TUC
budget deficit
foreign exchange
fake
38. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
width of assortment
greenbelt
OECD
over the counter drug
39. The system of organizations involved in moving a product from manufacturer to customer.
store
not-for-profit
supply chain
counterfeit
40. When the amount borrowed to pay for a home is now more than the property is actually worth.
copyright
negative equity
Maastricht Treaty
oligopoly
41. Items which a shop has and are available to buy.
barter
intellectual property
in-stock
shopping centre
42. An area of land which has never been built on.
CPI
franchising
impulse purchase
greenfield site
43. A retailer that concentrates on selling one particular type of good.
advertising
consumer goods
speciality store
aggregate demand
44. Regular fluctuations in overall economic activity over time.
discontinued
Green paper
business cycle
White paper
45. A person or company from whom goods or services are bought.
supplier
Green paper
markdown
mission statement
46. Distribution of anything for use - including time or money.
allocation
business sector
FDI
mission statement
47. Development which can be done without harming the environment or natural resources.
grease payments
sustainable development
self-service
embargo
48. Relating to cities or built up areas - not the countryside.
manufacturing
urban
discontinued
shelf warmer
49. 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.
sustainable development
recession
statutory
mission statement
50. Items sold in a store during a certain period measuring in number of units or value.
inventory
variety store
budget deficit
stock turnover