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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. Machine for processing sales - giving change in a shop or restaurant.
public-private partnership
outsourcing
deficit spending
checkout
2. A range of many things or people that are very different from each other.
diversity
greenbelt
White paper
restrictive economic policies
3. Consumer goods that have a long life span - e.g. furniture.
impulse purchase
consumer durables
trade surplus
tax revenue
4. Something that is bought without being planned for.
central business district
constructive economic policies
statutory
impulse purchase
5. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
consumer goods
tax haven
self-service
savings rate
6. The system of organizations involved in moving a product from manufacturer to customer.
supply chain
shareholder
producer goods
OECD
7. A collection of shops under one roof with a shared entrance and food area.
standard of living
shopping centre
franchising
RPI
8. Connected with society and the way it is organized.
cooperative
societal
discretionary income
non-tariff barriers
9. An enormous planned shopping centre with hundreds of stores under one roof.
mission statement
CPI
greenbelt
megamall
10. Machine for processing sales - taking payments - giving change. Also know as a cash register.
foreign exchange
till
leasehold
cooperative
11. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
freehold
questionable payments
social stratification
capital spending
12. Obstacles to international trade other than tariffs.
non-tariff barriers
speciality store
factors of production
PPP
13. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
investment
sustainability
shelf warmer
tariff
14. Volunteer organization for young - disadvantaged Americans.
TUC
Americorps
household sector
leasehold
15. The variety of goods that a retailer sells.
advocacy
negative equity
depth of assortment
foreign exchange
16. Something which is a copy or imitation.
fake
till
central business district
retail outlet
17. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
real GDP
loyalty card
unemployment rate
entrepreneurship
18. Imitating another company's ideas rather than developing your own.
copycat
restrictive economic policies
budget surplus
automatic reordering system
19. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
tariff
restrictive economic policies
idle capacity
tax haven
20. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
supplier
customer
grease payments
intellectual property
21. Economic policies designed to support business and help it expand.
inventory management
constructive economic policies
capital spending
social stratification
22. When a company reduces their output during a recession they have excess or idle capacity.
idle capacity
impulse purchase
greenfield site
self-service
23. Value of the entire company as expressed by its market capitalization.
constructive economic policies
entrepreneurship
reduced
shareholder value
24. A reduction in the selling price of an item in order to increase sales.
markdown
White paper
benchmarking
dead stock
25. The buying and selling of government securities by a central bank in order to control the money supply.
open-market operations
supplier
greenbelt
public-private partnership
26. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
NGOs
discretionary income
sustainability
foreign exchange
27. Something that is required by law.
statutory
inventory turnover
GDP
sustainable
28. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
core products
vending machine
NIMBY
social stratification
29. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
market penetration
poverty line
inventory shrinkage
copycat
30. The balance between interest rates and the demand for money.
producer goods
empowerment
market equilibrium
megamall
31. Exclusive ownership of a property for an indefinite period of time.
freehold
GDP
market penetration
Green paper
32. The process of turning raw materials and parts into finished products.
balance of payments
WTO
manufacturing
inventory shrinkage
33. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
diversity
advertising
market equilibrium
mom-and-pop store
34. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
market skimming
vending machine
recession
tax revenue
35. When budget spending exceeds revenue.
governance
budget deficit
bulk discount
subsidy
36. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
compliance
EPOS
Fed
automatic reordering system
37. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
idle capacity
depression
GDP
boom
38. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
customs
variety store
restrictive economic policies
stakeholder
39. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.
capital spending
vending machine
unemployment rate
tax revenue
40. A period of shrinking economic activity.
questionable payments
manufacturing
downswing
current account
41. When a private company provides a public service in agreement with a government or council.
public-private partnership
Nominal GDP
recession
central business district
42. When a price has been cut.
FDI
impulse purchase
reduced
trade surplus
43. 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.
balance of payments
store loyalty
BPI
urban
44. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
PPP
balance of trade
social structure
EDI
45. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
market penetration
supermarket
economic growth
prime rate
46. A shop or store.
markup
supermarket
self-service
retail outlet
47. Goods bought and used by companies - such as machines. Also known as capital goods.
producer goods
loyalty card
CPI
processing
48. When the exports a country makes exceed the imports.
in-stock
assessment
trade surplus
NIMBY
49. Development which can be done without harming the environment or natural resources.
oligopoly
current account
impulse purchase
sustainable development
50. The rare situation when budget spending is smaller than revenue.
mom-and-pop store
downswing
megamall
budget surplus