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 shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
quota
convenience store
debit-card system
societal
2. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
core products
convenience store
dealer brands
depression
3. A period where there is little economic activity - high unemployment and much poverty.
protectionism
depression
Nominal GDP
employee
4. A person or organization which receives money from a charity.
beneficiary
CBD
automatic reordering system
consumer non-durables
5. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
factors of production
idle capacity
sustainability
duty
6. The Federal Reserve - the US central banking system.
supermarket
dead stock
freehold
Fed
7. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
target market
WTO
business cycle
capital spending
8. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
FDI
CBD
not-for-profit
EPOS
9. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
constructive economic policies
trademark
core products
NGOs
10. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
NAFTA
AAA
myopic perspective
stakeholder
11. The buying and selling of government securities by a central bank in order to control the money supply.
negotiation
open-market operations
mission statement
store loyalty
12. A person or company from whom goods or services are bought.
tax haven
grease payments
quota
supplier
13. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
Green paper
stock turnover
product differentiation
market skimming
14. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
WTO
shareholder
monopoly
allocation
15. Imitating another company's ideas rather than developing your own.
open source
copycat
product differentiation
trade surplus
16. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.
dealer brands
copycat
BPI
social structure
17. A shop or store.
PPP
retail outlet
public-private partnership
unemployment rate
18. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
myopic perspective
grease payments
employee
OECD
19. Refers to the number of distinct goods or services a retailer offers.
household sector
standard of living
trade surplus
width of assortment
20. A medicine which is available without first getting a prescription from a doctor.
societal
infringement
over the counter drug
OECD
21. Someone who does something without being paid for it - e.g. working for a charity.
capital spending
standard of living
volunteer
balance of trade
22. The difference between merchandise costs and retail selling price.
manufacturing
not-for-profit
markup
White paper
23. The violation of a law or right.
mom-and-pop store
greenbelt
infringement
negotiation
24. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.
NGOs
RPI
shareholder
vending machine
25. The area of the economy that produces goods and provides services.
business sector
manufacturing
protectionism
greenbelt
26. Confederation of British Industry
economic growth
CBI
assessment
embargo
27. Regulations that mean permission from the government is required before certain items can be exported.
self-service
core products
export controls
societal
28. Items in a store which have not sold for a longer period of time.
public-private partnership
constructive economic policies
dead stock
FMCG
29. Involving the use of natural resources and energy in a way that does not harm the environment.
sustainable
economic growth
poverty line
empowerment
30. Meeting accepted guidelines or laws.
governance
markdown
compliance
processing
31. Hiring an external company to perform tasks for a company and reduce costs.
inventory shrinkage
consumer durables
outsourcing
open source
32. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
CBI
debit-card system
CPI
Green paper
33. Items which a shop has and are available to buy.
TUC
product differentiation
White paper
in-stock
34. When a small number of companies control a certain market.
oligopoly
shareholder
GDP
tariff
35. Economic policies designed to support business and help it expand.
upswing
deficit spending
constructive economic policies
BPI
36. A reduction in price offered when buying an item in higher quantities.
bulk discount
freehold
Americorps
unemployment rate
37. Goods bought and used by companies - such as machines. Also known as capital goods.
producer goods
market skimming
capital spending
current account
38. The total amount of money in circulation in a country.
trade deficit
money supply
NGOs
boom
39. Business wholly owned by its employees with the emphasis on group decision making.
questionable payments
cooperative
beneficiary
duty
40. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
AAA
department store
automatic reordering system
social stratification
41. Relating to cities or built up areas - not the countryside.
money supply
urban
balance of trade
tariff
42. Government policies to cool down an economy and prevent inflation during boom periods.
department store
fake
BPI
restrictive economic policies
43. The percentage of people who do not have a job.
RPI
self-service
EPOS
unemployment rate
44. The total sum of a nation's outstanding debt.
myopic perspective
automatic reordering system
employee
national debt
45. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
fiscal policies
otc drug
in-stock
mortgage
46. The right to live in a home on a long-term tenancy.
new capital investment
leasehold
market equilibrium
competitive
47. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
subsidy
EPOS
social stratification
open-market operations
48. The hub of retailing in a city - where the most office buildings and retail stores are.
greenbelt
central business district
sustainability
sustainable
49. When the imports into a country exceed the exports going out of a country.
inventory
trade deficit
recession
copycat
50. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
Maastricht Treaty
inventory management
quota
NGOs