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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. A medicine which is available without first getting a prescription from a doctor.
questionable payments
CBD
over the counter drug
franchising
2. Confederation of British Industry
NIMBY
budget deficit
CBI
self-service
3. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
franchising
quota
prime rate
CBD
4. A reduction in the selling price of an item in order to increase sales.
impulse purchase
markdown
poverty line
over the counter drug
5. Meeting accepted guidelines or laws.
compliance
quota
export controls
Americorps
6. Regular fluctuations in overall economic activity over time.
business cycle
PPP
inventory management
Americorps
7. The system of organizations involved in moving a product from manufacturer to customer.
supply chain
entrepreneurship
markdown
OECD
8. System in which good or services are exchanged for other goods or services rather than cash.
dealer brands
barter
business cycle
cooperative
9. Machine for processing sales - taking payments - giving change. Also know as a cash register.
stock turnover
AFL/CIO
advocacy
till
10. 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
shareholder
CBD
impulse purchase
11. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
convenience store
shareholder
myopic perspective
producer goods
12. Relating to cities or built up areas - not the countryside.
market equilibrium
urban
savings rate
competitive
13. A period of decline in economic activity.
department store
over the counter drug
recession
customer
14. A period where there is little economic activity - high unemployment and much poverty.
depression
chain
not-for-profit
current account
15. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
intellectual property
governance
market skimming
prime rate
16. The rate of interest at which US banks lend money to their best corporate customers.
prime rate
questionable payments
supermarket
trademark
17. Focusing on a more specific line of products or services in comparison to competitors.
niche strategy
blight
export controls
currency hedging
18. How companies try to show their products as being different from those of their rivals.
deficit spending
supermarket
megamall
product differentiation
19. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
allocation
shelf warmer
depth of assortment
sustainable
20. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
Nominal GDP
market penetration
sustainable
NIMBY
21. 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.
fiscal policies
discretionary income
constructive economic policies
shopping centre
22. Consumer goods that have a short life span - e.g. food or paper tissues.
CPI
customer
consumer non-durables
embargo
23. Payments made like a bribe to encourage an official to allow something or get something done.
grease payments
blight
household sector
competitive
24. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
current account
NGOs
infringement
RPI
25. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
standard of living
FMCG
discontinued
supplier
26. Central Business District - the largest retail and office area of a city - also known as downtown
leasehold
BPI
CBD
trademark
27. The violation of a law or right.
infringement
beneficiary
markup
tax revenue
28. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
cooperative
Americorps
protectionism
PPP
29. The buying and selling of government securities by a central bank in order to control the money supply.
beneficiary
leasehold
variety store
open-market operations
30. A person or organization which receives money from a charity.
questionable payments
leasehold
beneficiary
convenience store
31. A card payment system where the cost of goods or services is immediately removed from a bank account.
debit-card system
statutory
store
national debt
32. The sum of money invested in new or additional equipment.
direct selling
checkout
downswing
new capital investment
33. The purchase of a financial product or other item of value with the hope that it will become more valuable.
NIMBY
quota
GDP
investment
34. The different layers within a society e.g. class - income - education.
retail outlet
trade surplus
dealer brands
social stratification
35. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
export controls
sanctions
deficit spending
inventory shrinkage
36. Someone who does something without being paid for it - e.g. working for a charity.
CBI
volunteer
vending machine
embargo
37. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
customs
Nominal GDP
current account
constructive economic policies
38. Involving the use of natural resources and energy in a way that does not harm the environment.
NIMBY
sustainable
impulse purchase
budget deficit
39. The process of turning raw materials and parts into finished products.
restrictive economic policies
greenfield site
manufacturing
intellectual property
40. An enormous planned shopping centre with hundreds of stores under one roof.
unemployment rate
employee
megamall
supplier
41. A government-imposed tax on imports.
processing
monetary policies
tax haven
tariff
42. A retail outlet.
depression
mortgage
store
monopoly
43. When a customer regularly uses a store they know - like and trust.
store loyalty
poverty line
non-tariff barriers
consumer non-durables
44. A large retail unit selling a wide variety of goods in separate departments.
copyright
department store
manufacturing
tariff
45. The support of a cause.
tax haven
fake
advocacy
shareholder value
46. When the amount borrowed to pay for a home is now more than the property is actually worth.
standard of living
CBI
negative equity
market penetration
47. Distribution of anything for use - including time or money.
NAFTA
social stratification
export controls
allocation
48. Refers to the number of distinct goods or services a retailer offers.
depression
greenfield site
width of assortment
manufacturing
49. A small owner-operated store serving a local community.
mom-and-pop store
Maastricht Treaty
greenfield site
poverty line
50. A reduction in price offered when buying an item in higher quantities.
subsidy
manufacturing
bulk discount
Maastricht Treaty