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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. The money a state earns via taxation.
tax revenue
barter
tariff barriers
downswing
2. When a price has been cut.
PPP
reduced
customs
franchising
3. A large - long-term loan taken out to pay for a house.
current account
open-market operations
EDI
mortgage
4. Refers to the number of distinct goods or services a retailer offers.
PPP
counterfeit
governance
width of assortment
5. A voluntary sector or charity sector organization.
not-for-profit
loyalty card
retail outlet
leasehold
6. When a small number of companies control a certain market.
empowerment
depression
oligopoly
consumer non-durables
7. Items sold in a store during a certain period measuring in number of units or value.
fiscal policies
OECD
stock turnover
negative equity
8. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
open source
bulk discount
FDI
mission statement
9. The Federal Reserve - the US central banking system.
megamall
Fed
standard of living
supplier
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.
supplier
current account
loyalty card
money supply
11. Something which is a copy or imitation.
greenbelt
fake
core products
export controls
12. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
business cycle
self-service
niche strategy
household sector
13. The system of organizations involved in moving a product from manufacturer to customer.
NGOs
GDP
supply chain
checkout
14. The resources used to produce goods and services - including land - labour - business and capital.
volunteer
poverty line
factors of production
compliance
15. A medicine which is available without first getting a prescription from a doctor.
over the counter drug
negotiation
impulse purchase
NGOs
16. Meeting accepted guidelines or laws.
NGOs
dealer brands
compliance
currency hedging
17. When a customer regularly uses a store they know - like and trust.
store loyalty
markdown
entrepreneurship
societal
18. A period of shrinking economic activity.
quota
TUC
cooperative
downswing
19. 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.
unemployment rate
fiscal policies
markup
tax revenue
20. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
trade surplus
convenience store
mom-and-pop store
markup
21. An extremely adverse environmental condition.
direct selling
blight
social stratification
shelf warmer
22. Obstacles to international trade other than tariffs.
non-tariff barriers
advertising
empowerment
leasehold
23. An item which is no longer produced by a manufacturer or sold by a retailer.
discontinued
balance of trade
producer goods
store
24. 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.
trade deficit
BPI
direct selling
household sector
25. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
sustainable development
poverty line
direct selling
non-tariff barriers
26. Doing something (performing a process) to make a material ready for your requirments.
product differentiation
customer
department store
processing
27. Giving people the freedom to decide things and take responsibility for themselves.
quota
consumer non-durables
empowerment
budget deficit
28. The balance between interest rates and the demand for money.
compliance
stockroom
market equilibrium
open source
29. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
cooperative
not-for-profit
inventory shrinkage
dealer brands
30. A storeroom where items which cannot be put on display are stored.
stockroom
social stratification
recession
public-private partnership
31. The area of the economy that produces goods and provides services.
business sector
prime rate
currency hedging
oligopoly
32. The amount of money a person has left after paying taxes and buying necessities.
BPI
discretionary income
export controls
stakeholder
33. A period of decline in economic activity.
intellectual property
constructive economic policies
in-stock
recession
34. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
tax haven
TUC
unemployment rate
employee
35. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
market skimming
inventory shrinkage
WTO
in-stock
36. Financial aid by the government to an individual or group to support an activity that is in the public interest.
beneficiary
shopping centre
subsidy
social structure
37. A person or organization which receives money from a charity.
beneficiary
societal
megamall
deficit spending
38. The amount of wealth - money - comfort etc that a particular person - group or society has.
standard of living
freehold
mission statement
myopic perspective
39. The rare situation when budget spending is smaller than revenue.
depth of assortment
trade surplus
budget surplus
till
40. A company's main products - e.g. Opel's core product is cars.
barter
core products
GDP
reduced
41. Development which can be done without harming the environment or natural resources.
sustainable development
recession
national debt
restrictive economic policies
42. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
consumer goods
RPI
outsourcing
retail outlet
43. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
franchising
beneficiary
quota
open source
44. A government-imposed tax on imports.
checkout
loyalty card
depression
tariff
45. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
beneficiary
target market
GDP
franchising
46. An economic sanction that forbids the import of a specific product or all products from a specific country.
business cycle
embargo
subsidy
capital spending
47. A financial instrument that facilitates payment from one currency to another.
foreign exchange
factors of production
in-stock
shelf warmer
48. The percentage of a household's income that is saved.
savings rate
entrepreneurship
foreign exchange
social structure
49. The purchase of a financial product or other item of value with the hope that it will become more valuable.
sustainability
mortgage
investment
Americorps
50. Volunteer organization for young - disadvantaged Americans.
Americorps
downswing
trade deficit
constructive economic policies