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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 system of organizations involved in moving a product from manufacturer to customer.
quota
supply chain
societal
sustainable
2. The variety of goods that a retailer sells.
impulse purchase
sanctions
depth of assortment
recession
3. Machine for processing sales - giving change in a shop or restaurant.
OECD
checkout
recession
myopic perspective
4. Economic policies designed to support business and help it expand.
width of assortment
outsourcing
duty
constructive economic policies
5. Distribution of anything for use - including time or money.
shopping centre
allocation
copyright
trademark
6. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
loyalty card
dead stock
recession
self-service
7. The different layers within a society e.g. class - income - education.
social stratification
upswing
money supply
debit-card system
8. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
benchmarking
unemployment rate
standard of living
quota
9. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
tax haven
fake
copyright
greenbelt
10. A self-service food store with grocery - meat and produce departments.
Maastricht Treaty
mom-and-pop store
subsidy
supermarket
11. When the exports a country makes exceed the imports.
trade surplus
social structure
vending machine
CBI
12. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
variety store
statutory
NIMBY
Nominal GDP
13. Shows the flows of money into and out of a country plus transfer payments.
volunteer
duty
greenfield site
balance of payments
14. Volunteer organization for young - disadvantaged Americans.
Americorps
not-for-profit
mom-and-pop store
consumer goods
15. 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.
fiscal policies
non-tariff barriers
dead stock
bulk discount
16. When a company reduces their output during a recession they have excess or idle capacity.
idle capacity
AFL/CIO
blight
allocation
17. A large retail unit selling a wide variety of goods in separate departments.
NIMBY
bulk discount
retail outlet
department store
18. An item which is no longer produced by a manufacturer or sold by a retailer.
megamall
aggregate demand
discontinued
shelf warmer
19. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
EPOS
investment
shelf warmer
otc drug
20. The amount of wealth - money - comfort etc that a particular person - group or society has.
standard of living
mom-and-pop store
discontinued
Fed
21. A range of many things or people that are very different from each other.
stakeholder
diversity
AAA
width of assortment
22. The sum of money invested in new or additional equipment.
societal
automatic reordering system
new capital investment
producer goods
23. Organization for Economic Cooperation and Development
fiscal policies
trademark
oligopoly
OECD
24. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
sustainable development
trademark
allocation
Nominal GDP
25. A retail outlet.
checkout
real GDP
department store
store
26. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
WTO
inventory
till
FMCG
27. Economic policies that use money e.g. interest rates or money supply as the major instruments.
monetary policies
business sector
not-for-profit
stock turnover
28. The area of the economy that produces goods and provides services.
speciality store
idle capacity
business sector
constructive economic policies
29. The legal right of the owner of a work over its control and distribution.
poverty line
stockroom
shareholder value
copyright
30. Process of communicating back and forth until an agreement has been reached.
PPP
shopping centre
negotiation
EPOS
31. An extremely adverse environmental condition.
blight
shareholder value
inventory shrinkage
empowerment
32. Imitating another company's ideas rather than developing your own.
diversity
foreign exchange
NAFTA
copycat
33. The difference between merchandise costs and retail selling price.
department store
downswing
savings rate
markup
34. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
idle capacity
budget surplus
infringement
NGOs
35. 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.
beneficiary
real GDP
direct selling
customs
36. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
EDI
assessment
market skimming
new capital investment
37. A country's exports minus its imports.
balance of trade
deficit spending
inventory management
business sector
38. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
FMCG
inventory turnover
foreign exchange
national debt
39. Goods bought and used by companies - such as machines. Also known as capital goods.
producer goods
diversity
sanctions
mortgage
40. Connected with society and the way it is organized.
societal
social stratification
grease payments
store loyalty
41. Something that is required by law.
central business district
EPOS
statutory
over the counter drug
42. A person or company from whom goods or services are bought.
dealer brands
shareholder
supplier
tariff
43. Machine for processing sales - taking payments - giving change. Also know as a cash register.
till
non-tariff barriers
RPI
self-service
44. Central Business District - the largest retail and office area of a city - also known as downtown
constructive economic policies
copycat
CBD
over the counter drug
45. The total amount of money in circulation in a country.
money supply
PPP
statutory
discontinued
46. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
store
impulse purchase
sustainability
EDI
47. Statement of policy issued by a government which may form the basis of a future law.
tax haven
White paper
discretionary income
non-tariff barriers
48. How companies try to show their products as being different from those of their rivals.
trademark
governance
inventory
product differentiation
49. A large - long-term loan taken out to pay for a house.
mortgage
depth of assortment
volunteer
social structure
50. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
in-stock
budget deficit
chain
questionable payments