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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 purchase of a financial product or other item of value with the hope that it will become more valuable.
investment
benchmarking
stockroom
supermarket
2. Government policies to cool down an economy and prevent inflation during boom periods.
myopic perspective
restrictive economic policies
debit-card system
Maastricht Treaty
3. When the exports a country makes exceed the imports.
allocation
oligopoly
loyalty card
trade surplus
4. The rate of interest at which US banks lend money to their best corporate customers.
FMCG
manufacturing
prime rate
standard of living
5. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
TUC
quota
target market
myopic perspective
6. 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.
advocacy
currency hedging
vending machine
sustainable development
7. When the imports into a country exceed the exports going out of a country.
trade deficit
product differentiation
RPI
consumer durables
8. Confederation of British Industry
household sector
monetary policies
shareholder value
CBI
9. Volunteer organization for young - disadvantaged Americans.
negotiation
household sector
market penetration
Americorps
10. Machine for processing sales - taking payments - giving change. Also know as a cash register.
inventory turnover
real GDP
dead stock
till
11. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
tariff barriers
standard of living
shareholder
NAFTA
12. Business wholly owned by its employees with the emphasis on group decision making.
real GDP
oligopoly
cooperative
processing
13. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
advertising
statutory
over the counter drug
AFL/CIO
14. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
supply chain
loyalty card
convenience store
mission statement
15. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
otc drug
White paper
tax haven
NGOs
16. An individual or company buying from someone.
balance of payments
automatic reordering system
customer
competitive
17. The money a state earns via taxation.
inventory turnover
vending machine
governance
tax revenue
18. Imitating another company's ideas rather than developing your own.
copycat
currency hedging
urban
consumer durables
19. A company's main products - e.g. Opel's core product is cars.
protectionism
niche strategy
Maastricht Treaty
core products
20. Exclusive ownership of a property for an indefinite period of time.
volunteer
not-for-profit
restrictive economic policies
freehold
21. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
tax haven
social stratification
oligopoly
bulk discount
22. The support of a cause.
stakeholder
advocacy
FMCG
manufacturing
23. Payments made like a bribe to encourage an official to allow something or get something done.
grease payments
tariff
compliance
myopic perspective
24. A collection of shops under one roof with a shared entrance and food area.
shopping centre
recession
sanctions
constructive economic policies
25. An area of land which has never been built on.
budget deficit
beneficiary
sustainability
greenfield site
26. Goods bought and used by companies - such as machines. Also known as capital goods.
producer goods
manufacturing
markup
stakeholder
27. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
EDI
capital spending
shareholder
direct selling
28. A self-service food store with grocery - meat and produce departments.
allocation
savings rate
customs
supermarket
29. The sum of money invested in new or additional equipment.
new capital investment
customer
market skimming
bulk discount
30. 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.
current account
in-stock
capital spending
inventory management
31. The area of the economy that produces goods and provides services.
business sector
fiscal policies
grease payments
stakeholder
32. Regulations that mean permission from the government is required before certain items can be exported.
business sector
consumer durables
compliance
export controls
33. The amount of money a person has left after paying taxes and buying necessities.
NIMBY
standard of living
discretionary income
customs
34. A retailer that concentrates on selling one particular type of good.
blight
speciality store
trademark
greenbelt
35. Sets of specific restraints imposed by governments on international trade.
advocacy
benchmarking
sanctions
Nominal GDP
36. An extremely adverse environmental condition.
WTO
counterfeit
blight
customs
37. Something which is a copy or imitation.
market penetration
current account
fake
FMCG
38. Obstacles to international trade based on customs tariffs.
consumer durables
household sector
Fed
tariff barriers
39. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
retail outlet
standard of living
core products
variety store
40. A storeroom where items which cannot be put on display are stored.
negative equity
counterfeit
stockroom
not-for-profit
41. The total sum of a nation's outstanding debt.
FDI
national debt
advertising
open source
42. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
PPP
negative equity
NIMBY
department store
43. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
tax revenue
mom-and-pop store
stakeholder
shopping centre
44. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
AAA
governance
dealer brands
cooperative
45. 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.
direct selling
depression
shelf warmer
customs
46. A person or company from whom goods or services are bought.
supplier
cooperative
consumer goods
urban
47. A medicine which is available without first getting a prescription from a doctor.
investment
OECD
business sector
over the counter drug
48. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
national debt
loyalty card
inventory management
non-tariff barriers
49. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
automatic reordering system
idle capacity
export controls
customer
50. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
bulk discount
foreign exchange
till
FDI