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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. A large - long-term loan taken out to pay for a house.
automatic reordering system
NIMBY
mortgage
business cycle
2. An extremely adverse environmental condition.
blight
infringement
new capital investment
barter
3. Refers to the number of distinct goods or services a retailer offers.
niche strategy
CBD
width of assortment
manufacturing
4. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
allocation
sustainability
variety store
inventory
5. The total sum of goods and services in demand.
EPOS
shareholder
aggregate demand
non-tariff barriers
6. When a small number of companies control a certain market.
inventory management
oligopoly
depth of assortment
restrictive economic policies
7. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
shareholder
diversity
shareholder value
dealer brands
8. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
debit-card system
barter
EPOS
poverty line
9. Items sold in a store during a certain period measuring in number of units or value.
megamall
Fed
questionable payments
stock turnover
10. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
budget deficit
automatic reordering system
real GDP
poverty line
11. A period of shrinking economic activity.
downswing
statutory
negotiation
sanctions
12. A medicine which is available without first getting a prescription from a doctor.
urban
monetary policies
mission statement
over the counter drug
13. American Federation of Labour / Association of Industrial Organizations
mortgage
currency hedging
AFL/CIO
till
14. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
boom
markdown
market penetration
prime rate
15. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
market skimming
depression
CPI
market equilibrium
16. Patterns of relationships between different groups of society.
social structure
width of assortment
variety store
discontinued
17. Consumer goods that have a long life span - e.g. furniture.
AAA
consumer durables
inventory turnover
greenbelt
18. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
debit-card system
balance of payments
stakeholder
cooperative
19. Multiple retail units under common ownership.
entrepreneurship
greenfield site
investment
chain
20. The amount of money a person has left after paying taxes and buying necessities.
inventory
checkout
core products
discretionary income
21. An owner of shares or stocks in a company.
standard of living
consumer goods
shareholder
new capital investment
22. Machine for processing sales - taking payments - giving change. Also know as a cash register.
consumer durables
shelf warmer
till
open-market operations
23. 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.
RPI
mission statement
otc drug
protectionism
24. Involving the use of natural resources and energy in a way that does not harm the environment.
sustainable
dealer brands
market skimming
EDI
25. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
market equilibrium
negative equity
questionable payments
recession
26. The Federal Reserve - the US central banking system.
Fed
monopoly
current account
greenbelt
27. Statement of policy issued by a government which may form the basis of a future law.
cooperative
unemployment rate
consumer goods
White paper
28. When the imports into a country exceed the exports going out of a country.
trade deficit
embargo
advocacy
aggregate demand
29. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
FMCG
central business district
diversity
GDP
30. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
store loyalty
market equilibrium
bulk discount
RPI
31. Hiring an external company to perform tasks for a company and reduce costs.
competitive
outsourcing
standard of living
currency hedging
32. Items in a store which have not sold for a longer period of time.
consumer durables
central business district
dead stock
market skimming
33. Giving people the freedom to decide things and take responsibility for themselves.
AAA
till
NIMBY
empowerment
34. Value of the entire company as expressed by its market capitalization.
over the counter drug
shareholder value
capital spending
budget surplus
35. The percentage of people who do not have a job.
balance of payments
downswing
unemployment rate
Americorps
36. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
width of assortment
NGOs
inventory turnover
shopping centre
37. Exclusive ownership of a property for an indefinite period of time.
TUC
benchmarking
markdown
freehold
38. A financial instrument that facilitates payment from one currency to another.
capital spending
fiscal policies
foreign exchange
currency hedging
39. The variety of goods that a retailer sells.
open-market operations
Green paper
NIMBY
depth of assortment
40. Financial aid by the government to an individual or group to support an activity that is in the public interest.
inventory
advertising
subsidy
standard of living
41. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
intellectual property
otc drug
beneficiary
NIMBY
42. Obstacles to international trade based on customs tariffs.
CPI
tariff barriers
cooperative
upswing
43. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
speciality store
aggregate demand
inventory
over the counter drug
44. When a customer regularly uses a store they know - like and trust.
NAFTA
in-stock
store loyalty
trademark
45. Relating to cities or built up areas - not the countryside.
urban
till
consumer durables
employee
46. An area of land which has never been built on.
producer goods
greenfield site
processing
AFL/CIO
47. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
embargo
balance of trade
outsourcing
greenbelt
48. 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.
open source
advocacy
current account
store loyalty
49. The difference between merchandise costs and retail selling price.
NIMBY
markup
CBD
EDI
50. Shows the flows of money into and out of a country plus transfer payments.
producer goods
store
balance of payments
copycat