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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. An item which is no longer produced by a manufacturer or sold by a retailer.
savings rate
sanctions
discontinued
downswing
2. Goods bought for private use.
money supply
discontinued
chain
consumer goods
3. Sets of specific restraints imposed by governments on international trade.
WTO
myopic perspective
sanctions
freehold
4. The total sum of a nation's outstanding debt.
discretionary income
stock turnover
national debt
retail outlet
5. A medicine which is available without first getting a prescription from a doctor.
over the counter drug
sustainable development
recession
social structure
6. The hub of retailing in a city - where the most office buildings and retail stores are.
investment
central business district
non-tariff barriers
reduced
7. Someone who does something without being paid for it - e.g. working for a charity.
volunteer
sanctions
factors of production
balance of trade
8. Development which can be done without harming the environment or natural resources.
CBD
sustainable development
investment
customs
9. Exclusive ownership of a property for an indefinite period of time.
real GDP
stock turnover
freehold
CPI
10. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
shelf warmer
quota
manufacturing
consumer durables
11. When a company reduces their output during a recession they have excess or idle capacity.
width of assortment
White paper
idle capacity
FMCG
12. Government policies to cool down an economy and prevent inflation during boom periods.
leasehold
quota
restrictive economic policies
bulk discount
13. Process of communicating back and forth until an agreement has been reached.
negotiation
balance of payments
Fed
consumer goods
14. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
trade surplus
statutory
real GDP
CPI
15. The total sum of goods and services in demand.
retail outlet
aggregate demand
outsourcing
inventory
16. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
discretionary income
aggregate demand
sustainability
open-market operations
17. Hiring an external company to perform tasks for a company and reduce costs.
household sector
outsourcing
consumer goods
department store
18. Patterns of relationships between different groups of society.
social structure
societal
self-service
tariff
19. The resources used to produce goods and services - including land - labour - business and capital.
till
factors of production
monopoly
budget deficit
20. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
RPI
sanctions
loyalty card
bulk discount
21. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
beneficiary
constructive economic policies
social stratification
NIMBY
22. The process of turning raw materials and parts into finished products.
customer
manufacturing
discretionary income
constructive economic policies
23. The difference between merchandise costs and retail selling price.
markup
balance of trade
protectionism
depression
24. An area of land which has never been built on.
greenfield site
allocation
FMCG
copyright
25. Central Business District - the largest retail and office area of a city - also known as downtown
White paper
market equilibrium
downswing
CBD
26. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
discontinued
tax haven
advocacy
TUC
27. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
loyalty card
capital spending
producer goods
NAFTA
28. The right to live in a home on a long-term tenancy.
speciality store
leasehold
OECD
mom-and-pop store
29. A card payment system where the cost of goods or services is immediately removed from a bank account.
shareholder
poverty line
debit-card system
open source
30. Something that is bought without being planned for.
impulse purchase
negative equity
public-private partnership
copyright
31. Machine for processing sales - giving change in a shop or restaurant.
tax revenue
market equilibrium
checkout
customer
32. The purchase of a financial product or other item of value with the hope that it will become more valuable.
savings rate
downswing
mission statement
investment
33. The amount of wealth - money - comfort etc that a particular person - group or society has.
standard of living
White paper
poverty line
producer goods
34. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
loyalty card
advocacy
inventory
national debt
35. The percentage of people who do not have a job.
shareholder
unemployment rate
downswing
tariff
36. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
Fed
EDI
PPP
monopoly
37. When the imports into a country exceed the exports going out of a country.
trade deficit
checkout
in-stock
leasehold
38. The way in which a company is controlled.
AFL/CIO
governance
benchmarking
current account
39. Involving the use of natural resources and energy in a way that does not harm the environment.
shareholder
mom-and-pop store
greenfield site
sustainable
40. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
direct selling
balance of payments
recession
FMCG
41. A large - long-term loan taken out to pay for a house.
Fed
savings rate
mortgage
bulk discount
42. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
deficit spending
megamall
WTO
Americorps
43. Meeting accepted guidelines or laws.
reduced
upswing
monetary policies
compliance
44. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.
real GDP
blight
diversity
capital spending
45. The skills and knowledge needed to start and run a company.
leasehold
tariff barriers
recession
entrepreneurship
46. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
GDP
subsidy
quota
blight
47. A storeroom where items which cannot be put on display are stored.
stockroom
markdown
customer
shelf warmer
48. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
consumer non-durables
AAA
chain
reduced
49. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
FDI
discontinued
inventory shrinkage
customs
50. Something which is a copy or imitation.
open-market operations
blight
fake
variety store