SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
stakeholder
core products
NAFTA
AFL/CIO
2. Regular fluctuations in overall economic activity over time.
Maastricht Treaty
boom
business cycle
real GDP
3. A tax imposed on imports by the customs authority of a country.
national debt
duty
copycat
sustainable development
4. The system of organizations involved in moving a product from manufacturer to customer.
not-for-profit
supply chain
inventory shrinkage
automatic reordering system
5. Economic policies that use money e.g. interest rates or money supply as the major instruments.
debit-card system
social structure
monetary policies
direct selling
6. Value of the entire company as expressed by its market capitalization.
inventory management
shareholder value
variety store
factors of production
7. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
protectionism
intellectual property
dead stock
capital spending
8. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
NIMBY
boom
loyalty card
FDI
9. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
market skimming
retail outlet
aggregate demand
empowerment
10. Involving the use of natural resources and energy in a way that does not harm the environment.
societal
CPI
consumer non-durables
sustainable
11. The percentage of a household's income that is saved.
savings rate
trade deficit
retail outlet
FMCG
12. An economic sanction that forbids the import of a specific product or all products from a specific country.
vending machine
tax haven
embargo
subsidy
13. Trade Union Congress.
GDP
volunteer
TUC
dealer brands
14. The way in which a company is controlled.
governance
societal
processing
CBD
15. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
GDP
EPOS
blight
real GDP
16. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
governance
NIMBY
self-service
WTO
17. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
shareholder value
chain
CPI
NAFTA
18. The variety of goods that a retailer sells.
depth of assortment
width of assortment
sanctions
retail outlet
19. A period of very high economic activity.
boom
non-tariff barriers
shareholder value
CBD
20. A collection of shops under one roof with a shared entrance and food area.
shopping centre
investment
checkout
mortgage
21. A person who works for someone else in exchange for payment.
inventory
questionable payments
employee
till
22. A company's main products - e.g. Opel's core product is cars.
greenbelt
core products
budget surplus
restrictive economic policies
23. Something which is a copy or imitation.
not-for-profit
capital spending
fake
Maastricht Treaty
24. An item which is no longer produced by a manufacturer or sold by a retailer.
GDP
discontinued
tax revenue
NGOs
25. The total amount of money in circulation in a country.
money supply
quota
fake
social structure
26. Hiring an external company to perform tasks for a company and reduce costs.
employee
stakeholder
till
outsourcing
27. Imitating another company's ideas rather than developing your own.
copycat
tariff
stakeholder
depth of assortment
28. The amount of wealth - money - comfort etc that a particular person - group or society has.
trade surplus
standard of living
volunteer
mortgage
29. The number of times during a period a business sells its inventory and replaces it.
department store
inventory turnover
over the counter drug
idle capacity
30. Items in a store which have not sold for a longer period of time.
dead stock
sanctions
automatic reordering system
PPP
31. The support of a cause.
copyright
deficit spending
advocacy
cooperative
32. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
sustainable development
beneficiary
FDI
stockroom
33. Connected with society and the way it is organized.
business sector
manufacturing
societal
niche strategy
34. A period where there is little economic activity - high unemployment and much poverty.
not-for-profit
depression
WTO
AAA
35. The difference between merchandise costs and retail selling price.
markup
trade deficit
Americorps
franchising
36. Patterns of relationships between different groups of society.
social structure
oligopoly
downswing
impulse purchase
37. The skills and knowledge needed to start and run a company.
customer
GDP
blight
entrepreneurship
38. Multiple retail units under common ownership.
dead stock
tax revenue
governance
chain
39. Organization for Economic Cooperation and Development
myopic perspective
Americorps
copyright
OECD
40. A storeroom where items which cannot be put on display are stored.
White paper
stockroom
core products
stock turnover
41. Meeting accepted guidelines or laws.
assessment
real GDP
compliance
consumer goods
42. Products that can hold their own against rival products in terms of price - features or quality.
competitive
copyright
EPOS
Nominal GDP
43. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
shopping centre
over the counter drug
GDP
Green paper
44. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
national debt
depression
downswing
household sector
45. A period of decline in economic activity.
inventory management
leasehold
markup
recession
46. A large retail unit selling a wide variety of goods in separate departments.
department store
subsidy
capital spending
benchmarking
47. A period of shrinking economic activity.
downswing
Fed
greenfield site
loyalty card
48. Usually software where the source code is made freely available for all users to change as they see fit.
chain
balance of payments
supply chain
open source
49. A large - long-term loan taken out to pay for a house.
debit-card system
mortgage
assessment
balance of payments
50. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
central business district
otc drug
megamall
leasehold