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. A person or company from whom goods or services are bought.
AAA
supplier
mission statement
urban
2. Regular fluctuations in overall economic activity over time.
empowerment
business cycle
chain
outsourcing
3. A shop or store.
producer goods
business sector
retail outlet
national debt
4. An imitation of a product made with the intent to defraud a customer.
discretionary income
counterfeit
beneficiary
bulk discount
5. A test or way of measuring something.
tariff barriers
assessment
consumer durables
Fed
6. Meeting accepted guidelines or laws.
compliance
stock turnover
GDP
chain
7. A self-service food store with grocery - meat and produce departments.
supermarket
open source
intellectual property
budget deficit
8. When the amount borrowed to pay for a home is now more than the property is actually worth.
business sector
allocation
negative equity
savings rate
9. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
dead stock
household sector
advertising
compliance
10. An enormous planned shopping centre with hundreds of stores under one roof.
megamall
BPI
balance of trade
speciality store
11. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
automatic reordering system
Nominal GDP
discretionary income
greenbelt
12. Items in a store which have not sold for a longer period of time.
myopic perspective
debit-card system
WTO
dead stock
13. Something which is a copy or imitation.
FMCG
fake
market penetration
trademark
14. The different layers within a society e.g. class - income - education.
social stratification
boom
tariff
till
15. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
manufacturing
advocacy
direct selling
greenbelt
16. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
open source
customs
depth of assortment
CPI
17. When the exports a country makes exceed the imports.
PPP
trade surplus
negative equity
entrepreneurship
18. An economic sanction that forbids the import of a specific product or all products from a specific country.
household sector
over the counter drug
embargo
subsidy
19. Items which a shop has and are available to buy.
producer goods
in-stock
product differentiation
PPP
20. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
myopic perspective
tax haven
inventory shrinkage
convenience store
21. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
aggregate demand
inventory shrinkage
money supply
tariff
22. Distribution of anything for use - including time or money.
target market
trade surplus
allocation
upswing
23. Value of the entire company as expressed by its market capitalization.
greenfield site
entrepreneurship
grease payments
shareholder value
24. Obstacles to international trade based on customs tariffs.
tariff barriers
PPP
deficit spending
embargo
25. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.
blight
franchising
in-stock
upswing
26. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
inventory shrinkage
automatic reordering system
benchmarking
trade surplus
27. A tax imposed on imports by the customs authority of a country.
sanctions
export controls
competitive
duty
28. Statement of policy issued by a government which may form the basis of a future law.
infringement
restrictive economic policies
otc drug
White paper
29. A period of shrinking economic activity.
shareholder value
duty
downswing
retail outlet
30. A period of very high economic activity.
self-service
product differentiation
boom
trademark
31. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
vending machine
recession
inventory
RPI
32. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.
store
monopoly
supermarket
EPOS
33. The money a state earns via taxation.
trademark
constructive economic policies
tax revenue
investment
34. The way in which a company is controlled.
AAA
governance
empowerment
blight
35. Exclusive ownership of a property for an indefinite period of time.
franchising
FDI
freehold
entrepreneurship
36. When a small number of companies control a certain market.
tariff barriers
not-for-profit
open source
oligopoly
37. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
TUC
Maastricht Treaty
economic growth
dealer brands
38. Giving people the freedom to decide things and take responsibility for themselves.
trademark
empowerment
unemployment rate
trade deficit
39. 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?
till
quota
PPP
mortgage
40. Goods bought for private use.
speciality store
processing
assessment
consumer goods
41. 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.
NIMBY
over the counter drug
trade deficit
fiscal policies
42. The Federal Reserve - the US central banking system.
shareholder value
Fed
vending machine
entrepreneurship
43. The total amount of money in circulation in a country.
retail outlet
oligopoly
shelf warmer
money supply
44. A range of many things or people that are very different from each other.
sanctions
barter
diversity
mission statement
45. Consumer goods that have a short life span - e.g. food or paper tissues.
tariff
consumer non-durables
savings rate
economic growth
46. A large - long-term loan taken out to pay for a house.
constructive economic policies
mortgage
TUC
societal
47. Usually software where the source code is made freely available for all users to change as they see fit.
open source
product differentiation
governance
markup
48. Agreement that provided the basis for the formation of the European Union.
Maastricht Treaty
household sector
OECD
inventory shrinkage
49. 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.
tax haven
myopic perspective
constructive economic policies
capital spending
50. Something that is required by law.
mortgage
statutory
manufacturing
boom