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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.
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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. Goods bought for private use.
consumer goods
product differentiation
supply chain
NIMBY
2. Economic policies that use money e.g. interest rates or money supply as the major instruments.
chain
monetary policies
boom
inventory
3. A reduction in price offered when buying an item in higher quantities.
bulk discount
current account
AAA
monopoly
4. 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.
market penetration
vending machine
negotiation
national debt
5. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
trade surplus
producer goods
outsourcing
variety store
6. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
shelf warmer
franchising
WTO
counterfeit
7. Value of the entire company as expressed by its market capitalization.
shareholder value
Fed
questionable payments
non-tariff barriers
8. The checking - ordering & processing of stock levels.
checkout
Maastricht Treaty
inventory management
prime rate
9. The resources used to produce goods and services - including land - labour - business and capital.
counterfeit
WTO
factors of production
constructive economic policies
10. A period of economic expansion.
NGOs
upswing
shareholder value
supermarket
11. A company's main products - e.g. Opel's core product is cars.
volunteer
Americorps
copyright
core products
12. Products that can hold their own against rival products in terms of price - features or quality.
PPP
Nominal GDP
competitive
governance
13. A collection of shops under one roof with a shared entrance and food area.
inventory management
manufacturing
real GDP
shopping centre
14. Announcing that a product is for sale - trying to persuade customers to buy a product or service.
copycat
loyalty card
GDP
advertising
15. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
impulse purchase
AFL/CIO
AAA
OECD
16. The rate of interest at which US banks lend money to their best corporate customers.
savings rate
inventory turnover
social stratification
prime rate
17. A large - long-term loan taken out to pay for a house.
unemployment rate
duty
dead stock
mortgage
18. A test or way of measuring something.
in-stock
assessment
balance of payments
sanctions
19. A range of many things or people that are very different from each other.
duty
upswing
infringement
diversity
20. The purchase of a financial product or other item of value with the hope that it will become more valuable.
investment
currency hedging
unemployment rate
debit-card system
21. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
convenience store
FDI
producer goods
inventory turnover
22. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
NIMBY
in-stock
reduced
aggregate demand
23. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
tax haven
sustainable
duty
currency hedging
24. Involving the use of natural resources and energy in a way that does not harm the environment.
sustainable
stakeholder
BPI
market equilibrium
25. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
trademark
inventory
national debt
otc drug
26. A period of decline in economic activity.
recession
intellectual property
leasehold
barter
27. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
real GDP
consumer goods
savings rate
advocacy
28. An individual or company buying from someone.
markup
tariff barriers
customer
mortgage
29. The sum of money invested in new or additional equipment.
balance of payments
NGOs
trademark
new capital investment
30. The total sum of a nation's outstanding debt.
convenience store
national debt
upswing
inventory
31. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
loyalty card
sustainability
customer
AAA
32. Statement of policy issued by a government which may form the basis of a future law.
reduced
volunteer
manufacturing
White paper
33. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
household sector
business cycle
OECD
stakeholder
34. Machine for processing sales - giving change in a shop or restaurant.
beneficiary
advocacy
checkout
sustainable
35. A consultation document that sets out the government's position on a certain issue.
business cycle
balance of trade
Green paper
impulse purchase
36. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
market skimming
governance
impulse purchase
new capital investment
37. A period of shrinking economic activity.
subsidy
factors of production
NAFTA
downswing
38. A small owner-operated store serving a local community.
mom-and-pop store
social stratification
capital spending
inventory shrinkage
39. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
new capital investment
capital spending
greenbelt
market skimming
40. The legal right of the owner of a work over its control and distribution.
currency hedging
shareholder
White paper
copyright
41. A person or organization which receives money from a charity.
beneficiary
current account
idle capacity
quota
42. Giving people the freedom to decide things and take responsibility for themselves.
restrictive economic policies
empowerment
myopic perspective
compliance
43. The different layers within a society e.g. class - income - education.
current account
social stratification
inventory shrinkage
mortgage
44. Development which can be done without harming the environment or natural resources.
stock turnover
sustainable development
NGOs
tax revenue
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.
oligopoly
customs
household sector
EPOS
46. An extremely adverse environmental condition.
retail outlet
consumer durables
supermarket
blight
47. 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.
capital spending
allocation
shelf warmer
copycat
48. Consumer goods that have a long life span - e.g. furniture.
bulk discount
urban
stock turnover
consumer durables
49. Confederation of British Industry
restrictive economic policies
CBI
public-private partnership
markup
50. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
mom-and-pop store
not-for-profit
NGOs
statutory
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