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 test or way of measuring something.
impulse purchase
CBD
assessment
depth of assortment
2. The buying and selling of government securities by a central bank in order to control the money supply.
franchising
open-market operations
embargo
AAA
3. Machine for processing sales - taking payments - giving change. Also know as a cash register.
shareholder value
till
tariff
business sector
4. The balance between interest rates and the demand for money.
market equilibrium
Nominal GDP
recession
allocation
5. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
balance of payments
governance
household sector
market penetration
6. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
social structure
idle capacity
barter
inventory
7. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
economic growth
store
savings rate
tax revenue
8. The violation of a law or right.
protectionism
Maastricht Treaty
infringement
store loyalty
9. Goods bought for private use.
inventory
debit-card system
FMCG
consumer goods
10. Financial aid by the government to an individual or group to support an activity that is in the public interest.
subsidy
consumer goods
processing
unemployment rate
11. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
monopoly
AAA
national debt
mortgage
12. An item which is no longer produced by a manufacturer or sold by a retailer.
EPOS
discontinued
negative equity
TUC
13. Patterns of relationships between different groups of society.
social stratification
social structure
GDP
assessment
14. A tax imposed on imports by the customs authority of a country.
mortgage
money supply
new capital investment
duty
15. A person or organization which receives money from a charity.
beneficiary
consumer goods
EDI
width of assortment
16. The total sum of a nation's outstanding debt.
markdown
customer
not-for-profit
national debt
17. 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
advocacy
mom-and-pop store
governance
18. Confederation of British Industry
open-market operations
governance
CBI
societal
19. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
oligopoly
trademark
chain
fake
20. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
reduced
fake
greenbelt
store loyalty
21. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
width of assortment
discretionary income
balance of payments
sustainability
22. A reduction in price offered when buying an item in higher quantities.
stockroom
idle capacity
bulk discount
stakeholder
23. Value of the entire company as expressed by its market capitalization.
competitive
shareholder value
business sector
consumer goods
24. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
variety store
consumer goods
automatic reordering system
stakeholder
25. When a customer regularly uses a store they know - like and trust.
store loyalty
recession
niche strategy
budget deficit
26. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
consumer non-durables
business cycle
NIMBY
producer goods
27. The money a state earns via taxation.
restrictive economic policies
target market
consumer non-durables
tax revenue
28. The legal right of the owner of a work over its control and distribution.
supermarket
producer goods
automatic reordering system
copyright
29. Consumer goods that have a long life span - e.g. furniture.
franchising
consumer durables
intellectual property
NGOs
30. Agreement that provided the basis for the formation of the European Union.
prime rate
Fed
upswing
Maastricht Treaty
31. The resources used to produce goods and services - including land - labour - business and capital.
processing
discretionary income
factors of production
FMCG
32. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
department store
EDI
subsidy
NGOs
33. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?
PPP
discretionary income
store loyalty
freehold
34. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
NAFTA
freehold
processing
monopoly
35. A period where there is little economic activity - high unemployment and much poverty.
otc drug
inventory management
entrepreneurship
depression
36. System in which good or services are exchanged for other goods or services rather than cash.
economic growth
myopic perspective
loyalty card
barter
37. When the exports a country makes exceed the imports.
trade surplus
speciality store
copycat
advocacy
38. Doing something (performing a process) to make a material ready for your requirments.
processing
stockroom
in-stock
business cycle
39. A large retail unit selling a wide variety of goods in separate departments.
shareholder value
counterfeit
department store
stock turnover
40. Economic policies designed to support business and help it expand.
niche strategy
dead stock
Maastricht Treaty
constructive economic policies
41. Relating to cities or built up areas - not the countryside.
allocation
greenfield site
urban
EDI
42. 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.
vending machine
Maastricht Treaty
store loyalty
consumer durables
43. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
convenience store
debit-card system
target market
width of assortment
44. Economic policies that use money e.g. interest rates or money supply as the major instruments.
not-for-profit
monetary policies
advertising
processing
45. Machine for processing sales - giving change in a shop or restaurant.
NIMBY
monetary policies
manufacturing
checkout
46. Goods bought and used by companies - such as machines. Also known as capital goods.
tariff
producer goods
prime rate
discretionary income
47. A person who works for someone else in exchange for payment.
entrepreneurship
employee
dead stock
NGOs
48. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
competitive
direct selling
discretionary income
fiscal policies
49. A company's main products - e.g. Opel's core product is cars.
convenience store
Americorps
sustainability
core products
50. 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
FDI
tariff barriers
monopoly