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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. The sum of money invested in new or additional equipment.
shareholder value
bulk discount
new capital investment
depression
2. A card payment system where the cost of goods or services is immediately removed from a bank account.
chain
variety store
volunteer
debit-card system
3. The percentage of people who do not have a job.
advocacy
capital spending
unemployment rate
economic growth
4. The buying and selling of government securities by a central bank in order to control the money supply.
consumer non-durables
sustainable
open-market operations
copyright
5. Exclusive ownership of a property for an indefinite period of time.
negotiation
freehold
supermarket
CBD
6. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
cooperative
constructive economic policies
myopic perspective
restrictive economic policies
7. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
balance of trade
RPI
monetary policies
export controls
8. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
BPI
fiscal policies
prime rate
greenbelt
9. A period of shrinking economic activity.
copycat
niche strategy
downswing
retail outlet
10. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
employee
stakeholder
myopic perspective
volunteer
11. A period where there is little economic activity - high unemployment and much poverty.
societal
speciality store
depression
assessment
12. Connected with society and the way it is organized.
OECD
societal
duty
PPP
13. Machine for processing sales - giving change in a shop or restaurant.
checkout
EPOS
manufacturing
statutory
14. A test or way of measuring something.
copyright
product differentiation
assessment
NAFTA
15. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.
vending machine
market penetration
megamall
monetary policies
16. An individual or company buying from someone.
copycat
CBD
customer
Fed
17. Imitating another company's ideas rather than developing your own.
cooperative
duty
capital spending
copycat
18. The way in which a company is controlled.
sanctions
governance
inventory turnover
real GDP
19. The violation of a law or right.
infringement
downswing
central business district
store
20. An economic sanction that forbids the import of a specific product or all products from a specific country.
tax haven
RPI
freehold
embargo
21. Involving the use of natural resources and energy in a way that does not harm the environment.
sustainable
target market
BPI
monetary policies
22. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
stockroom
OECD
shelf warmer
monetary policies
23. An imitation of a product made with the intent to defraud a customer.
factors of production
counterfeit
bulk discount
national debt
24. Giving people the freedom to decide things and take responsibility for themselves.
restrictive economic policies
tax haven
otc drug
empowerment
25. Government policies to cool down an economy and prevent inflation during boom periods.
new capital investment
fake
GDP
restrictive economic policies
26. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
shareholder value
discontinued
CPI
AAA
27. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
supplier
blight
dealer brands
monopoly
28. The process of turning raw materials and parts into finished products.
market penetration
stakeholder
manufacturing
freehold
29. When budget spending exceeds revenue.
myopic perspective
fiscal policies
budget deficit
reduced
30. A company's main products - e.g. Opel's core product is cars.
core products
entrepreneurship
tariff
money supply
31. The total sum of a nation's outstanding debt.
boom
capital spending
greenbelt
national debt
32. Trade Union Congress.
TUC
downswing
variety store
sustainable
33. A way of measuring performance by comparing a company to similar ones.
benchmarking
savings rate
allocation
empowerment
34. Regular fluctuations in overall economic activity over time.
freehold
Maastricht Treaty
customs
business cycle
35. The purchase of a financial product or other item of value with the hope that it will become more valuable.
questionable payments
investment
upswing
supply chain
36. Economic policies that use taxation to correct the course of the economy e.g. lowering sales tax to encourage spending or raising interest rates to encourage saving.
tariff barriers
markup
fiscal policies
fake
37. How companies try to show their products as being different from those of their rivals.
leasehold
product differentiation
stockroom
shareholder
38. A reduction in price offered when buying an item in higher quantities.
bulk discount
department store
depth of assortment
restrictive economic policies
39. A tax imposed on imports by the customs authority of a country.
bulk discount
duty
stockroom
dead stock
40. A large retail unit selling a wide variety of goods in separate departments.
compliance
department store
recession
dead stock
41. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
Nominal GDP
real GDP
department store
governance
42. System in which good or services are exchanged for other goods or services rather than cash.
barter
central business district
recession
loyalty card
43. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
questionable payments
business cycle
dead stock
Nominal GDP
44. A person or organization which receives money from a charity.
NGOs
consumer goods
beneficiary
niche strategy
45. Obstacles to international trade other than tariffs.
megamall
stock turnover
non-tariff barriers
inventory shrinkage
46. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
questionable payments
current account
tax haven
trademark
47. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
GDP
advocacy
social structure
consumer goods
48. Goods bought for private use.
consumer goods
fiscal policies
shelf warmer
BPI
49. A financial instrument that facilitates payment from one currency to another.
downswing
stock turnover
savings rate
foreign exchange
50. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
NAFTA
retail outlet
market penetration
store loyalty