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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. 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.
trade deficit
franchising
shopping centre
questionable payments
2. A card payment system where the cost of goods or services is immediately removed from a bank account.
NIMBY
trade surplus
debit-card system
CBD
3. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
standard of living
core products
Fed
self-service
4. The amount of wealth - money - comfort etc that a particular person - group or society has.
trade surplus
embargo
standard of living
shareholder
5. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
questionable payments
employee
variety store
investment
6. An enormous planned shopping centre with hundreds of stores under one roof.
negative equity
megamall
dealer brands
counterfeit
7. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
allocation
GDP
otc drug
urban
8. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
unemployment rate
quota
protectionism
over the counter drug
9. Financial aid by the government to an individual or group to support an activity that is in the public interest.
AAA
restrictive economic policies
allocation
subsidy
10. The legal right of the owner of a work over its control and distribution.
allocation
copyright
customs
social stratification
11. A collection of shops under one roof with a shared entrance and food area.
shopping centre
budget deficit
public-private partnership
RPI
12. A period of shrinking economic activity.
downswing
supermarket
product differentiation
quota
13. An imitation of a product made with the intent to defraud a customer.
counterfeit
FMCG
freehold
automatic reordering system
14. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
constructive economic policies
real GDP
debit-card system
retail outlet
15. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
household sector
sustainable development
CBI
balance of trade
16. A self-service food store with grocery - meat and produce departments.
supermarket
depth of assortment
franchising
statutory
17. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
in-stock
NGOs
chain
stockroom
18. The Federal Reserve - the US central banking system.
subsidy
Fed
till
copyright
19. Business wholly owned by its employees with the emphasis on group decision making.
business cycle
barter
cooperative
social structure
20. A way of measuring performance by comparing a company to similar ones.
dealer brands
stakeholder
Maastricht Treaty
benchmarking
21. The system of organizations involved in moving a product from manufacturer to customer.
constructive economic policies
processing
balance of trade
supply chain
22. Connected with society and the way it is organized.
franchising
compliance
blight
societal
23. Doing something (performing a process) to make a material ready for your requirments.
sustainable development
poverty line
White paper
processing
24. Relating to cities or built up areas - not the countryside.
stock turnover
urban
impulse purchase
trade surplus
25. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
EPOS
White paper
NAFTA
upswing
26. A country's exports minus its imports.
CBI
NGOs
open-market operations
balance of trade
27. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
NAFTA
factors of production
WTO
compliance
28. An area of land which has never been built on.
greenfield site
customs
shareholder value
supermarket
29. A tax imposed on imports by the customs authority of a country.
duty
benchmarking
advocacy
budget surplus
30. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
market penetration
statutory
megamall
RPI
31. The total amount of money in circulation in a country.
money supply
societal
idle capacity
vending machine
32. An item which is no longer produced by a manufacturer or sold by a retailer.
supplier
discontinued
TUC
mom-and-pop store
33. Hiring an external company to perform tasks for a company and reduce costs.
outsourcing
deficit spending
allocation
manufacturing
34. The area of the economy that produces goods and provides services.
shopping centre
counterfeit
business sector
department store
35. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
open-market operations
CPI
PPP
NIMBY
36. Someone who does something without being paid for it - e.g. working for a charity.
volunteer
open-market operations
capital spending
inventory shrinkage
37. The process of turning raw materials and parts into finished products.
target market
manufacturing
boom
AFL/CIO
38. The checking - ordering & processing of stock levels.
inventory management
monopoly
new capital investment
unemployment rate
39. The way in which a company is controlled.
governance
subsidy
self-service
NIMBY
40. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
employee
WTO
myopic perspective
sustainable development
41. Regulations that mean permission from the government is required before certain items can be exported.
trade surplus
megamall
export controls
questionable payments
42. 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.
mission statement
volunteer
EPOS
monopoly
43. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
boom
stakeholder
savings rate
mission statement
44. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
market penetration
direct selling
assessment
myopic perspective
45. Giving people the freedom to decide things and take responsibility for themselves.
subsidy
width of assortment
empowerment
allocation
46. The percentage of a household's income that is saved.
capital spending
boom
savings rate
intellectual property
47. Volunteer organization for young - disadvantaged Americans.
societal
benchmarking
Americorps
core products
48. A retail outlet.
store
in-stock
consumer durables
NAFTA
49. A person or company from whom goods or services are bought.
shopping centre
debit-card system
direct selling
supplier
50. Trade Union Congress.
idle capacity
not-for-profit
TUC
customs