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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 self-service food store with grocery - meat and produce departments.
bulk discount
savings rate
supermarket
consumer non-durables
2. An imitation of a product made with the intent to defraud a customer.
counterfeit
White paper
fake
franchising
3. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.
sustainable
core products
customs
poverty line
4. American Federation of Labour / Association of Industrial Organizations
foreign exchange
AFL/CIO
social structure
embargo
5. When budget spending exceeds revenue.
discretionary income
manufacturing
budget deficit
RPI
6. Trade Union Congress.
reduced
TUC
inventory
foreign exchange
7. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
employee
reduced
Nominal GDP
department store
8. The money a state earns via taxation.
protectionism
stockroom
employee
tax revenue
9. The hub of retailing in a city - where the most office buildings and retail stores are.
TUC
central business district
entrepreneurship
chain
10. A consultation document that sets out the government's position on a certain issue.
Green paper
fake
competitive
monopoly
11. The total amount of money in circulation in a country.
bulk discount
money supply
standard of living
compliance
12. The rare situation when budget spending is smaller than revenue.
assessment
standard of living
TUC
budget surplus
13. Items in a store which have not sold for a longer period of time.
dead stock
greenfield site
standard of living
PPP
14. Hiring an external company to perform tasks for a company and reduce costs.
grease payments
trade deficit
outsourcing
myopic perspective
15. An enormous planned shopping centre with hundreds of stores under one roof.
freehold
megamall
customer
depth of assortment
16. Machine for processing sales - giving change in a shop or restaurant.
infringement
sustainable
budget deficit
checkout
17. Something that is required by law.
non-tariff barriers
statutory
questionable payments
markup
18. When the imports into a country exceed the exports going out of a country.
negative equity
bulk discount
trade deficit
BPI
19. Payments made like a bribe to encourage an official to allow something or get something done.
depression
grease payments
current account
EDI
20. A large retail unit selling a wide variety of goods in separate departments.
department store
mortgage
not-for-profit
trade surplus
21. Consumer goods that have a short life span - e.g. food or paper tissues.
consumer non-durables
supply chain
discontinued
barter
22. Obstacles to international trade other than tariffs.
franchising
embargo
consumer durables
non-tariff barriers
23. A government-imposed tax on imports.
tariff
WTO
employee
inventory
24. Agreement that provided the basis for the formation of the European Union.
Maastricht Treaty
freehold
embargo
processing
25. The legal right of the owner of a work over its control and distribution.
market penetration
Green paper
copyright
currency hedging
26. The percentage of a household's income that is saved.
dealer brands
debit-card system
savings rate
product differentiation
27. The number of times during a period a business sells its inventory and replaces it.
beneficiary
manufacturing
inventory turnover
processing
28. Relating to cities or built up areas - not the countryside.
sustainable development
urban
new capital investment
Americorps
29. Economic policies that use money e.g. interest rates or money supply as the major instruments.
monetary policies
counterfeit
mom-and-pop store
allocation
30. The support of a cause.
advocacy
automatic reordering system
allocation
CPI
31. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
tariff
EDI
processing
direct selling
32. The difference between merchandise costs and retail selling price.
public-private partnership
markup
cooperative
statutory
33. An item which is no longer produced by a manufacturer or sold by a retailer.
discontinued
FDI
mom-and-pop store
employee
34. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
otc drug
customs
supply chain
counterfeit
35. When a price has been cut.
trademark
core products
FDI
reduced
36. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
FMCG
statutory
trade deficit
convenience store
37. A collection of shops under one roof with a shared entrance and food area.
balance of payments
money supply
target market
shopping centre
38. Meeting accepted guidelines or laws.
inventory turnover
White paper
compliance
market penetration
39. Someone who does something without being paid for it - e.g. working for a charity.
tariff barriers
constructive economic policies
CBD
volunteer
40. A period of very high economic activity.
boom
competitive
investment
tax revenue
41. The purchase of a financial product or other item of value with the hope that it will become more valuable.
producer goods
manufacturing
investment
supermarket
42. When a private company provides a public service in agreement with a government or council.
export controls
public-private partnership
quota
sustainability
43. Regulations that mean permission from the government is required before certain items can be exported.
shelf warmer
export controls
dead stock
Americorps
44. Value of the entire company as expressed by its market capitalization.
infringement
Fed
public-private partnership
shareholder value
45. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
quota
market skimming
direct selling
fiscal policies
46. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
statutory
inventory
business cycle
embargo
47. An economic sanction that forbids the import of a specific product or all products from a specific country.
beneficiary
infringement
mission statement
embargo
48. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?
allocation
monetary policies
assessment
PPP
49. A reduction in price offered when buying an item in higher quantities.
capital spending
RPI
myopic perspective
bulk discount
50. The buying and selling of government securities by a central bank in order to control the money supply.
open-market operations
social structure
national debt
compliance