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Test your basic knowledge |
Business English Vocab Test
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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 violation of a law or right.
infringement
grease payments
mission statement
market equilibrium
2. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
export controls
EDI
balance of trade
greenbelt
3. A large - long-term loan taken out to pay for a house.
retail outlet
recession
mortgage
beneficiary
4. Giving people the freedom to decide things and take responsibility for themselves.
empowerment
shareholder value
investment
duty
5. When the exports a country makes exceed the imports.
otc drug
monetary policies
trade surplus
employee
6. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
negative equity
quota
bulk discount
not-for-profit
7. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
Americorps
supplier
niche strategy
AAA
8. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
sustainability
grease payments
shelf warmer
loyalty card
9. The purchase of a financial product or other item of value with the hope that it will become more valuable.
PPP
investment
megamall
entrepreneurship
10. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
target market
market skimming
Maastricht Treaty
BPI
11. Central Business District - the largest retail and office area of a city - also known as downtown
loyalty card
CBD
barter
shopping centre
12. 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.
fiscal policies
sanctions
balance of payments
benchmarking
13. Development which can be done without harming the environment or natural resources.
urban
protectionism
sustainable development
TUC
14. Obstacles to international trade based on customs tariffs.
tariff barriers
debit-card system
reduced
greenfield site
15. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
dealer brands
Americorps
FMCG
embargo
16. How companies try to show their products as being different from those of their rivals.
shareholder
investment
blight
product differentiation
17. A medicine which is available without first getting a prescription from a doctor.
TUC
poverty line
over the counter drug
business sector
18. A collection of shops under one roof with a shared entrance and food area.
Nominal GDP
NAFTA
shopping centre
RPI
19. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
NIMBY
idle capacity
urban
protectionism
20. The percentage of people who do not have a job.
supermarket
markdown
CPI
unemployment rate
21. American Federation of Labour / Association of Industrial Organizations
foreign exchange
AFL/CIO
leasehold
shopping centre
22. The way in which a company is controlled.
PPP
supply chain
governance
Green paper
23. The rare situation when budget spending is smaller than revenue.
negotiation
barter
budget surplus
tariff barriers
24. Items sold in a store during a certain period measuring in number of units or value.
discontinued
stock turnover
automatic reordering system
factors of production
25. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
consumer goods
market penetration
currency hedging
BPI
26. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
national debt
myopic perspective
downswing
outsourcing
27. When budget spending exceeds revenue.
budget deficit
governance
greenfield site
competitive
28. A person or organization which receives money from a charity.
social structure
till
RPI
beneficiary
29. Meeting accepted guidelines or laws.
currency hedging
compliance
money supply
vending machine
30. A period of economic expansion.
investment
upswing
debit-card system
mission statement
31. An economic sanction that forbids the import of a specific product or all products from a specific country.
embargo
manufacturing
trademark
mortgage
32. A reduction in price offered when buying an item in higher quantities.
inventory management
bulk discount
quota
greenfield site
33. Items which a shop has and are available to buy.
in-stock
shopping centre
boom
producer goods
34. A self-service food store with grocery - meat and produce departments.
infringement
supermarket
processing
stakeholder
35. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
variety store
statutory
supplier
Maastricht Treaty
36. The balance between interest rates and the demand for money.
aggregate demand
WTO
benchmarking
market equilibrium
37. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
savings rate
Nominal GDP
mortgage
dead stock
38. When a price has been cut.
competitive
reduced
outsourcing
urban
39. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.
BPI
convenience store
stock turnover
advertising
40. A retail outlet.
capital spending
EPOS
automatic reordering system
store
41. A card payment system where the cost of goods or services is immediately removed from a bank account.
restrictive economic policies
debit-card system
AAA
EPOS
42. Business wholly owned by its employees with the emphasis on group decision making.
AFL/CIO
cooperative
not-for-profit
loyalty card
43. Value of the entire company as expressed by its market capitalization.
shareholder value
freehold
export controls
mission statement
44. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
automatic reordering system
dealer brands
economic growth
business cycle
45. Exclusive ownership of a property for an indefinite period of time.
freehold
AFL/CIO
niche strategy
checkout
46. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
sustainability
household sector
urban
monopoly
47. A voluntary sector or charity sector organization.
aggregate demand
idle capacity
not-for-profit
unemployment rate
48. A financial instrument that facilitates payment from one currency to another.
foreign exchange
discontinued
diversity
assessment
49. Goods bought and used by companies - such as machines. Also known as capital goods.
producer goods
boom
width of assortment
customs
50. An owner of shares or stocks in a company.
money supply
core products
quota
shareholder
Can you answer 50 questions in 15 minutes?
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