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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. Something which is a copy or imitation.
open-market operations
balance of payments
RPI
fake
2. The hub of retailing in a city - where the most office buildings and retail stores are.
compliance
central business district
target market
fake
3. Financial aid by the government to an individual or group to support an activity that is in the public interest.
subsidy
CBD
chain
till
4. The right to live in a home on a long-term tenancy.
leasehold
market equilibrium
producer goods
blight
5. A person who works for someone else in exchange for payment.
outsourcing
sanctions
core products
employee
6. The total sum of goods and services in demand.
beneficiary
copyright
shareholder value
aggregate demand
7. Distribution of anything for use - including time or money.
economic growth
trade deficit
mortgage
allocation
8. A period where there is little economic activity - high unemployment and much poverty.
real GDP
depression
processing
negotiation
9. Trade Union Congress.
currency hedging
TUC
subsidy
balance of trade
10. An enormous planned shopping centre with hundreds of stores under one roof.
self-service
megamall
market penetration
advocacy
11. 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.
PPP
market skimming
duty
current account
12. Value of the entire company as expressed by its market capitalization.
FDI
shareholder value
self-service
core products
13. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
variety store
prime rate
statutory
target market
14. The number of times during a period a business sells its inventory and replaces it.
not-for-profit
GDP
freehold
inventory turnover
15. When a customer regularly uses a store they know - like and trust.
manufacturing
national debt
store loyalty
allocation
16. Regular fluctuations in overall economic activity over time.
discontinued
inventory turnover
business cycle
shareholder
17. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
target market
dealer brands
upswing
market penetration
18. Refers to the number of distinct goods or services a retailer offers.
constructive economic policies
fiscal policies
width of assortment
shareholder
19. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.
shopping centre
franchising
compliance
shareholder
20. 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.
White paper
BPI
tariff barriers
capital spending
21. The different layers within a society e.g. class - income - education.
shopping centre
oligopoly
balance of payments
social stratification
22. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
producer goods
Green paper
central business district
greenbelt
23. A tax imposed on imports by the customs authority of a country.
not-for-profit
currency hedging
counterfeit
duty
24. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
shelf warmer
deficit spending
real GDP
foreign exchange
25. The resources used to produce goods and services - including land - labour - business and capital.
dead stock
counterfeit
factors of production
cooperative
26. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
national debt
White paper
trademark
GDP
27. Volunteer organization for young - disadvantaged Americans.
sanctions
manufacturing
Americorps
restrictive economic policies
28. Statement of policy issued by a government which may form the basis of a future law.
prime rate
franchising
direct selling
White paper
29. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
sustainability
idle capacity
PPP
vending machine
30. System in which good or services are exchanged for other goods or services rather than cash.
fiscal policies
idle capacity
barter
convenience store
31. A company's main products - e.g. Opel's core product is cars.
central business district
core products
self-service
stock turnover
32. An imitation of a product made with the intent to defraud a customer.
retail outlet
counterfeit
checkout
discontinued
33. A reduction in the selling price of an item in order to increase sales.
open source
mortgage
customer
markdown
34. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
automatic reordering system
customer
grease payments
CBI
35. The percentage of people who do not have a job.
dealer brands
unemployment rate
customs
embargo
36. Hiring an external company to perform tasks for a company and reduce costs.
Nominal GDP
upswing
outsourcing
BPI
37. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
export controls
monopoly
till
Fed
38. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
NAFTA
questionable payments
constructive economic policies
idle capacity
39. A consultation document that sets out the government's position on a certain issue.
Green paper
volunteer
automatic reordering system
beneficiary
40. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
depression
store loyalty
prime rate
quota
41. When a price has been cut.
depth of assortment
department store
self-service
reduced
42. The money a state earns via taxation.
non-tariff barriers
till
franchising
tax revenue
43. Buying currency options that fix exchange rates for a period of time.
inventory turnover
currency hedging
trade deficit
copyright
44. When a company reduces their output during a recession they have excess or idle capacity.
otc drug
idle capacity
tax haven
markdown
45. When the amount borrowed to pay for a home is now more than the property is actually worth.
consumer durables
tax revenue
negative equity
speciality store
46. A person or company from whom goods or services are bought.
supplier
vending machine
employee
non-tariff barriers
47. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
market skimming
greenbelt
deficit spending
stock turnover
48. A financial instrument that facilitates payment from one currency to another.
economic growth
export controls
foreign exchange
depth of assortment
49. The area of the economy that produces goods and provides services.
NAFTA
idle capacity
assessment
business sector
50. The purchase of a financial product or other item of value with the hope that it will become more valuable.
department store
grease payments
Nominal GDP
investment