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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. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
EDI
otc drug
consumer durables
upswing
2. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
sanctions
EPOS
self-service
niche strategy
3. Financial aid by the government to an individual or group to support an activity that is in the public interest.
NGOs
subsidy
vending machine
shelf warmer
4. The customer group a retailer wants to attract and satisfy.
customs
target market
consumer non-durables
shopping centre
5. A consultation document that sets out the government's position on a certain issue.
economic growth
outsourcing
Green paper
White paper
6. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
standard of living
upswing
copyright
variety store
7. The way in which a company is controlled.
poverty line
monopoly
automatic reordering system
governance
8. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
dealer brands
savings rate
inventory shrinkage
vending machine
9. A storeroom where items which cannot be put on display are stored.
manufacturing
diversity
stockroom
negotiation
10. The Federal Reserve - the US central banking system.
Fed
RPI
Nominal GDP
national debt
11. Process of communicating back and forth until an agreement has been reached.
negotiation
AFL/CIO
prime rate
empowerment
12. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
fiscal policies
White paper
impulse purchase
intellectual property
13. The amount of wealth - money - comfort etc that a particular person - group or society has.
statutory
mortgage
TUC
standard of living
14. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
RPI
monopoly
real GDP
debit-card system
15. The resources used to produce goods and services - including land - labour - business and capital.
White paper
bulk discount
factors of production
standard of living
16. A retail outlet.
store
idle capacity
unemployment rate
CBD
17. 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.
Green paper
unemployment rate
depth of assortment
franchising
18. An imitation of a product made with the intent to defraud a customer.
not-for-profit
capital spending
myopic perspective
counterfeit
19. The percentage of people who do not have a job.
till
savings rate
constructive economic policies
unemployment rate
20. Economic policies designed to support business and help it expand.
till
quota
inventory management
constructive economic policies
21. Doing something (performing a process) to make a material ready for your requirments.
protectionism
processing
trademark
freehold
22. Items which a shop has and are available to buy.
trademark
checkout
infringement
in-stock
23. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
beneficiary
consumer goods
product differentiation
sustainability
24. An item which is no longer produced by a manufacturer or sold by a retailer.
trade surplus
retail outlet
otc drug
discontinued
25. Obstacles to international trade other than tariffs.
unemployment rate
non-tariff barriers
real GDP
infringement
26. Business wholly owned by its employees with the emphasis on group decision making.
cooperative
store loyalty
freehold
Americorps
27. Giving people the freedom to decide things and take responsibility for themselves.
empowerment
constructive economic policies
depth of assortment
allocation
28. The total sum of goods and services in demand.
new capital investment
BPI
aggregate demand
CBI
29. When the amount borrowed to pay for a home is now more than the property is actually worth.
monopoly
producer goods
trade deficit
negative equity
30. Multiple retail units under common ownership.
business sector
PPP
consumer non-durables
chain
31. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
NGOs
new capital investment
compliance
self-service
32. Regulations that mean permission from the government is required before certain items can be exported.
export controls
upswing
Americorps
negative equity
33. 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.
beneficiary
fiscal policies
counterfeit
employee
34. An individual or company buying from someone.
customer
non-tariff barriers
EDI
over the counter drug
35. Imitating another company's ideas rather than developing your own.
unemployment rate
copycat
central business district
infringement
36. The right to live in a home on a long-term tenancy.
fiscal policies
width of assortment
open source
leasehold
37. Focusing on a more specific line of products or services in comparison to competitors.
niche strategy
mortgage
fake
supplier
38. Machine for processing sales - taking payments - giving change. Also know as a cash register.
tax revenue
reduced
till
customer
39. A voluntary sector or charity sector organization.
White paper
tax haven
not-for-profit
loyalty card
40. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.
inventory turnover
mission statement
urban
Green paper
41. Something that is required by law.
checkout
statutory
central business district
chain
42. An area of land which has never been built on.
allocation
greenfield site
department store
real GDP
43. A range of many things or people that are very different from each other.
mortgage
fake
diversity
boom
44. 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.
megamall
franchising
current account
money supply
45. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
embargo
consumer goods
RPI
quota
46. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
NIMBY
embargo
export controls
protectionism
47. Involving the use of natural resources and energy in a way that does not harm the environment.
sustainability
direct selling
cooperative
sustainable
48. When a small number of companies control a certain market.
manufacturing
mission statement
oligopoly
fiscal policies
49. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
RPI
inventory
Green paper
statutory
50. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.
customs
allocation
deficit spending
myopic perspective