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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.
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 reduction in the selling price of an item in order to increase sales.
markdown
export controls
barter
volunteer
2. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
trade deficit
employee
tax haven
inventory shrinkage
3. Regulations that mean permission from the government is required before certain items can be exported.
export controls
mortgage
negotiation
Maastricht Treaty
4. A tax imposed on imports by the customs authority of a country.
CBD
intellectual property
mom-and-pop store
duty
5. Development which can be done without harming the environment or natural resources.
discretionary income
FDI
chain
sustainable development
6. Connected with society and the way it is organized.
over the counter drug
markup
household sector
societal
7. An extremely adverse environmental condition.
blight
inventory management
AFL/CIO
market penetration
8. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
customs
variety store
CBI
loyalty card
9. Government policies to cool down an economy and prevent inflation during boom periods.
trade deficit
restrictive economic policies
OECD
empowerment
10. The total sum of goods and services in demand.
aggregate demand
money supply
greenfield site
CBI
11. The number of times during a period a business sells its inventory and replaces it.
NGOs
consumer non-durables
quota
inventory turnover
12. The hub of retailing in a city - where the most office buildings and retail stores are.
advertising
economic growth
consumer non-durables
central business district
13. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
stock turnover
inventory turnover
quota
protectionism
14. An economic sanction that forbids the import of a specific product or all products from a specific country.
subsidy
monetary policies
embargo
sustainable
15. The percentage of a household's income that is saved.
standard of living
negotiation
advertising
savings rate
16. A person or organization which receives money from a charity.
beneficiary
White paper
chain
producer goods
17. Giving people the freedom to decide things and take responsibility for themselves.
franchising
supplier
prime rate
empowerment
18. The money a state earns via taxation.
unemployment rate
allocation
tax revenue
greenbelt
19. The balance between interest rates and the demand for money.
dead stock
foreign exchange
market equilibrium
benchmarking
20. The Federal Reserve - the US central banking system.
prime rate
compliance
Fed
business sector
21. Goods bought and used by companies - such as machines. Also known as capital goods.
shareholder
producer goods
market equilibrium
niche strategy
22. Meeting accepted guidelines or laws.
compliance
prime rate
chain
trade surplus
23. Regular fluctuations in overall economic activity over time.
business cycle
Green paper
advocacy
infringement
24. The rare situation when budget spending is smaller than revenue.
Green paper
budget surplus
balance of payments
RPI
25. Items sold in a store during a certain period measuring in number of units or value.
open-market operations
stock turnover
CPI
shareholder value
26. Machine for processing sales - taking payments - giving change. Also know as a cash register.
vending machine
mission statement
Green paper
till
27. Value of the entire company as expressed by its market capitalization.
CPI
WTO
boom
shareholder value
28. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
central business district
standard of living
factors of production
tax haven
29. Buying currency options that fix exchange rates for a period of time.
till
currency hedging
department store
OECD
30. The support of a cause.
advocacy
chain
target market
beneficiary
31. A card payment system where the cost of goods or services is immediately removed from a bank account.
infringement
quota
speciality store
debit-card system
32. A large retail unit selling a wide variety of goods in separate departments.
department store
fiscal policies
stockroom
product differentiation
33. 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.
CPI
fiscal policies
vending machine
advertising
34. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
boom
restrictive economic policies
GDP
duty
35. Organization for Economic Cooperation and Development
intellectual property
outsourcing
OECD
urban
36. Volunteer organization for young - disadvantaged Americans.
Americorps
factors of production
prime rate
depth of assortment
37. Patterns of relationships between different groups of society.
Maastricht Treaty
inventory turnover
social structure
stockroom
38. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
WTO
quota
Nominal GDP
retail outlet
39. A period of decline in economic activity.
recession
embargo
supermarket
White paper
40. When a company reduces their output during a recession they have excess or idle capacity.
White paper
trade surplus
idle capacity
societal
41. Distribution of anything for use - including time or money.
allocation
PPP
mom-and-pop store
boom
42. Sets of specific restraints imposed by governments on international trade.
NIMBY
embargo
sanctions
monetary policies
43. A person who works for someone else in exchange for payment.
open source
household sector
employee
otc drug
44. 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.
franchising
diversity
monetary policies
allocation
45. Doing something (performing a process) to make a material ready for your requirments.
tax revenue
questionable payments
WTO
processing
46. The resources used to produce goods and services - including land - labour - business and capital.
real GDP
household sector
FDI
factors of production
47. The checking - ordering & processing of stock levels.
supplier
till
convenience store
inventory management
48. A large - long-term loan taken out to pay for a house.
Americorps
discretionary income
mortgage
customer
49. A shop or store.
blight
inventory management
new capital investment
retail outlet
50. A person or company from whom goods or services are bought.
compliance
supplier
checkout
balance of payments
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