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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. Regulations that mean permission from the government is required before certain items can be exported.
export controls
tariff
EPOS
shareholder value
2. Central Business District - the largest retail and office area of a city - also known as downtown
beneficiary
CBD
restrictive economic policies
barter
3. An enormous planned shopping centre with hundreds of stores under one roof.
megamall
greenbelt
RPI
AFL/CIO
4. The percentage of a household's income that is saved.
dead stock
greenfield site
savings rate
restrictive economic policies
5. A shop or store.
retail outlet
PPP
greenfield site
sustainability
6. Meeting accepted guidelines or laws.
dead stock
currency hedging
economic growth
compliance
7. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
convenience store
processing
automatic reordering system
NGOs
8. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
processing
intellectual property
AAA
business cycle
9. Goods bought for private use.
consumer non-durables
idle capacity
consumer goods
grease payments
10. The violation of a law or right.
supplier
entrepreneurship
infringement
White paper
11. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
volunteer
NIMBY
benchmarking
inventory management
12. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
money supply
blight
negative equity
economic growth
13. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
infringement
width of assortment
myopic perspective
inventory shrinkage
14. The sum of money invested in new or additional equipment.
new capital investment
checkout
stakeholder
markdown
15. When budget spending exceeds revenue.
Fed
otc drug
competitive
budget deficit
16. An owner of shares or stocks in a company.
oligopoly
markup
shareholder
greenbelt
17. An extremely adverse environmental condition.
fake
allocation
blight
copyright
18. An item which is no longer produced by a manufacturer or sold by a retailer.
core products
open-market operations
not-for-profit
discontinued
19. A storeroom where items which cannot be put on display are stored.
open source
inventory
statutory
stockroom
20. A period where there is little economic activity - high unemployment and much poverty.
self-service
grease payments
direct selling
depression
21. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
blight
till
subsidy
sustainability
22. The different layers within a society e.g. class - income - education.
social stratification
consumer goods
quota
market equilibrium
23. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
Maastricht Treaty
EPOS
TUC
advertising
24. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
open source
FMCG
loyalty card
niche strategy
25. The legal right of the owner of a work over its control and distribution.
copyright
OECD
questionable payments
CPI
26. Buying currency options that fix exchange rates for a period of time.
consumer non-durables
employee
business cycle
currency hedging
27. When a company reduces their output during a recession they have excess or idle capacity.
idle capacity
greenfield site
negative equity
export controls
28. When governments try to stabilize economic activities by funding major projects from budget deficits.
employee
allocation
balance of payments
deficit spending
29. 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.
constructive economic policies
allocation
recession
BPI
30. 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.
downswing
capital spending
diversity
franchising
31. A government-imposed tax on imports.
OECD
central business district
leasehold
tariff
32. The amount of money a person has left after paying taxes and buying necessities.
mortgage
discretionary income
speciality store
megamall
33. A tax imposed on imports by the customs authority of a country.
stockroom
restrictive economic policies
duty
advocacy
34. A person or organization which receives money from a charity.
OECD
loyalty card
beneficiary
Fed
35. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
copycat
upswing
business sector
monopoly
36. A medicine which is available without first getting a prescription from a doctor.
sustainability
societal
GDP
over the counter drug
37. The total amount of money in circulation in a country.
money supply
debit-card system
direct selling
CPI
38. An imitation of a product made with the intent to defraud a customer.
employee
tax haven
inventory management
counterfeit
39. Obstacles to international trade other than tariffs.
trademark
recession
non-tariff barriers
beneficiary
40. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
Fed
statutory
tax haven
public-private partnership
41. A collection of shops under one roof with a shared entrance and food area.
diversity
shopping centre
mom-and-pop store
PPP
42. A retail outlet.
downswing
outsourcing
consumer non-durables
store
43. A sign or symbol used by a company such as the Nike swish logo which is protected by law.
upswing
niche strategy
trademark
quota
44. Items which a shop has and are available to buy.
EDI
market penetration
leasehold
in-stock
45. Relating to cities or built up areas - not the countryside.
standard of living
urban
outsourcing
department store
46. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
variety store
consumer goods
trademark
Maastricht Treaty
47. The amount of wealth - money - comfort etc that a particular person - group or society has.
variety store
myopic perspective
standard of living
assessment
48. A voluntary sector or charity sector organization.
EDI
monetary policies
RPI
not-for-profit
49. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
supermarket
tariff barriers
Nominal GDP
non-tariff barriers
50. Trade Union Congress.
investment
TUC
poverty line
export controls