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Business English Vocab Test
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Subjects
:
business-skills
,
english
,
vocabulary
Instructions:
Answer 50 questions in 15 minutes.
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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. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
NIMBY
inventory
reduced
social stratification
2. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
advertising
social structure
central business district
NGOs
3. The rate of interest at which US banks lend money to their best corporate customers.
reduced
monopoly
new capital investment
prime rate
4. Patterns of relationships between different groups of society.
social structure
real GDP
stakeholder
BPI
5. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
societal
discretionary income
trade deficit
quota
6. Shows the flows of money into and out of a country plus transfer payments.
constructive economic policies
unemployment rate
outsourcing
balance of payments
7. When a price has been cut.
NGOs
reduced
new capital investment
grease payments
8. The amount of wealth - money - comfort etc that a particular person - group or society has.
standard of living
employee
shopping centre
competitive
9. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
barter
currency hedging
stakeholder
household sector
10. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
sustainable
questionable payments
factors of production
department store
11. A self-service food store with grocery - meat and produce departments.
supply chain
infringement
supermarket
NIMBY
12. A period of economic expansion.
oligopoly
megamall
aggregate demand
upswing
13. When a private company provides a public service in agreement with a government or council.
public-private partnership
FMCG
competitive
empowerment
14. Regular fluctuations in overall economic activity over time.
direct selling
product differentiation
business cycle
leasehold
15. The right to live in a home on a long-term tenancy.
convenience store
leasehold
checkout
tax revenue
16. An individual or company buying from someone.
customer
market penetration
over the counter drug
WTO
17. Multiple retail units under common ownership.
investment
monetary policies
market equilibrium
chain
18. An enormous planned shopping centre with hundreds of stores under one roof.
megamall
governance
core products
diversity
19. The percentage of people who do not have a job.
unemployment rate
EDI
restrictive economic policies
societal
20. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
impulse purchase
bulk discount
intellectual property
volunteer
21. A financial instrument that facilitates payment from one currency to another.
outsourcing
foreign exchange
mission statement
megamall
22. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
otc drug
AFL/CIO
Nominal GDP
CBI
23. A collection of shops under one roof with a shared entrance and food area.
non-tariff barriers
shopping centre
myopic perspective
grease payments
24. A government-imposed tax on imports.
Americorps
tariff
shareholder value
empowerment
25. Items in a store which have not sold for a longer period of time.
dead stock
quota
discontinued
producer goods
26. The legal right of the owner of a work over its control and distribution.
copyright
open-market operations
freehold
convenience store
27. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
poverty line
mortgage
market penetration
negative equity
28. Machine for processing sales - giving change in a shop or restaurant.
prime rate
upswing
checkout
Green paper
29. Central Business District - the largest retail and office area of a city - also known as downtown
CBD
downswing
social stratification
intellectual property
30. Someone who does something without being paid for it - e.g. working for a charity.
poverty line
volunteer
negative equity
reduced
31. Agreement that provided the basis for the formation of the European Union.
target market
Maastricht Treaty
mortgage
business sector
32. The total amount of money in circulation in a country.
money supply
WTO
poverty line
self-service
33. Doing something (performing a process) to make a material ready for your requirments.
tax haven
in-stock
upswing
processing
34. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.
current account
mission statement
blight
advocacy
35. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
GDP
RPI
assessment
stock turnover
36. Something that is required by law.
impulse purchase
budget surplus
otc drug
statutory
37. Obstacles to international trade other than tariffs.
non-tariff barriers
otc drug
greenbelt
depth of assortment
38. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
franchising
core products
market skimming
PPP
39. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
automatic reordering system
market penetration
CBI
inventory management
40. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
societal
supply chain
tariff
monopoly
41. Economic policies that use money e.g. interest rates or money supply as the major instruments.
NAFTA
niche strategy
monetary policies
central business district
42. Process of communicating back and forth until an agreement has been reached.
volunteer
negotiation
public-private partnership
GDP
43. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
monopoly
blight
greenfield site
shelf warmer
44. Statement of policy issued by a government which may form the basis of a future law.
White paper
retail outlet
market equilibrium
CPI
45. Confederation of British Industry
CBI
PPP
barter
supermarket
46. A storeroom where items which cannot be put on display are stored.
household sector
stockroom
economic growth
self-service
47. A large retail unit selling a wide variety of goods in separate departments.
otc drug
department store
export controls
reduced
48. The customer group a retailer wants to attract and satisfy.
target market
volunteer
sanctions
business cycle
49. The money a state earns via taxation.
Fed
CBD
shelf warmer
tax revenue
50. Focusing on a more specific line of products or services in comparison to competitors.
Green paper
mission statement
economic growth
niche strategy
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