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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. An area of land which has never been built on.
niche strategy
trade deficit
greenfield site
diversity
2. Organization for Economic Cooperation and Development
allocation
producer goods
EPOS
OECD
3. The total sum of a nation's outstanding debt.
national debt
balance of trade
shareholder
business cycle
4. A retail outlet.
money supply
protectionism
store
Green paper
5. Something which is a copy or imitation.
supermarket
fake
White paper
market skimming
6. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
trade surplus
CBD
NIMBY
household sector
7. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
questionable payments
deficit spending
over the counter drug
otc drug
8. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
NAFTA
fake
sanctions
BPI
9. A medicine which is available without first getting a prescription from a doctor.
social stratification
balance of trade
beneficiary
over the counter drug
10. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
width of assortment
RPI
CBI
Green paper
11. The skills and knowledge needed to start and run a company.
discretionary income
freehold
chain
entrepreneurship
12. The variety of goods that a retailer sells.
fake
depth of assortment
stakeholder
sanctions
13. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
supply chain
WTO
stockroom
GDP
14. The percentage of people who do not have a job.
Fed
greenfield site
unemployment rate
inventory turnover
15. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
tariff barriers
upswing
mortgage
economic growth
16. Patterns of relationships between different groups of society.
cooperative
social structure
department store
duty
17. Connected with society and the way it is organized.
current account
poverty line
AAA
societal
18. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
intellectual property
central business district
monetary policies
convenience store
19. The amount of money a person has left after paying taxes and buying necessities.
discretionary income
mission statement
currency hedging
dealer brands
20. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
open-market operations
Nominal GDP
markdown
Americorps
21. The legal right of the owner of a work over its control and distribution.
trade deficit
loyalty card
diversity
copyright
22. A small owner-operated store serving a local community.
standard of living
mom-and-pop store
factors of production
blight
23. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
tax haven
assessment
empowerment
CPI
24. The sum of money invested in new or additional equipment.
negative equity
new capital investment
markdown
checkout
25. Someone who does something without being paid for it - e.g. working for a charity.
checkout
embargo
volunteer
self-service
26. The checking - ordering & processing of stock levels.
unemployment rate
non-tariff barriers
tax haven
inventory management
27. When a small number of companies control a certain market.
oligopoly
dealer brands
quota
sustainability
28. The area of the economy that produces goods and provides services.
store
compliance
business sector
open-market operations
29. The purchase of a financial product or other item of value with the hope that it will become more valuable.
tax revenue
money supply
protectionism
investment
30. A financial instrument that facilitates payment from one currency to another.
foreign exchange
not-for-profit
duty
AFL/CIO
31. The system of organizations involved in moving a product from manufacturer to customer.
supply chain
foreign exchange
Americorps
not-for-profit
32. An owner of shares or stocks in a company.
statutory
shareholder
intellectual property
advertising
33. A person or company from whom goods or services are bought.
retail outlet
competitive
supplier
greenfield site
34. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
FDI
volunteer
speciality store
bulk discount
35. Obstacles to international trade based on customs tariffs.
fake
tariff barriers
shareholder
economic growth
36. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
open-market operations
trademark
business sector
employee
37. A retailer that concentrates on selling one particular type of good.
speciality store
open source
in-stock
balance of payments
38. When the exports a country makes exceed the imports.
monetary policies
new capital investment
business sector
trade surplus
39. A person or organization which receives money from a charity.
WTO
megamall
beneficiary
constructive economic policies
40. The rare situation when budget spending is smaller than revenue.
consumer durables
budget surplus
Americorps
PPP
41. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
deficit spending
producer goods
mortgage
advertising
42. Goods bought and used by companies - such as machines. Also known as capital goods.
Fed
employee
AAA
producer goods
43. An item which is no longer produced by a manufacturer or sold by a retailer.
sustainability
discontinued
FMCG
depth of assortment
44. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
inventory
EDI
inventory shrinkage
diversity
45. Something that is required by law.
restrictive economic policies
AAA
export controls
statutory
46. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
factors of production
market penetration
duty
depression
47. A company's main products - e.g. Opel's core product is cars.
core products
greenbelt
social stratification
foreign exchange
48. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
assessment
sustainability
supplier
idle capacity
49. Giving people the freedom to decide things and take responsibility for themselves.
sanctions
assessment
empowerment
discontinued
50. The violation of a law or right.
household sector
infringement
subsidy
inventory shrinkage