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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. A storeroom where items which cannot be put on display are stored.
consumer goods
negative equity
stockroom
assessment
2. When the imports into a country exceed the exports going out of a country.
foreign exchange
Nominal GDP
PPP
trade deficit
3. The support of a cause.
budget surplus
supplier
currency hedging
advocacy
4. A person who works for someone else in exchange for payment.
deficit spending
unemployment rate
monetary policies
employee
5. Shows the flows of money into and out of a country plus transfer payments.
household sector
FMCG
real GDP
balance of payments
6. A shop or store.
Fed
societal
foreign exchange
retail outlet
7. Organization for Economic Cooperation and Development
OECD
speciality store
shopping centre
NAFTA
8. The way in which a company is controlled.
markdown
governance
vending machine
open-market operations
9. The percentage of a household's income that is saved.
bulk discount
oligopoly
savings rate
non-tariff barriers
10. The number of times during a period a business sells its inventory and replaces it.
retail outlet
Maastricht Treaty
inventory turnover
non-tariff barriers
11. The amount of wealth - money - comfort etc that a particular person - group or society has.
discontinued
GDP
outsourcing
standard of living
12. Imitating another company's ideas rather than developing your own.
counterfeit
negotiation
checkout
copycat
13. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
counterfeit
budget surplus
NGOs
self-service
14. 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.
customs
statutory
customer
department store
15. The rate of interest at which US banks lend money to their best corporate customers.
not-for-profit
shelf warmer
prime rate
investment
16. Items in a store which have not sold for a longer period of time.
processing
dead stock
tariff barriers
otc drug
17. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
customs
variety store
quota
shareholder
18. An item which is no longer produced by a manufacturer or sold by a retailer.
budget deficit
negative equity
sanctions
discontinued
19. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
duty
stakeholder
FDI
freehold
20. An economic sanction that forbids the import of a specific product or all products from a specific country.
embargo
open source
compliance
mortgage
21. A period where there is little economic activity - high unemployment and much poverty.
money supply
questionable payments
poverty line
depression
22. Refers to the number of distinct goods or services a retailer offers.
constructive economic policies
width of assortment
supplier
shopping centre
23. When a company reduces their output during a recession they have excess or idle capacity.
central business district
social structure
idle capacity
EDI
24. The total sum of a nation's outstanding debt.
economic growth
national debt
real GDP
chain
25. A consultation document that sets out the government's position on a certain issue.
Green paper
foreign exchange
store
mission statement
26. 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.
non-tariff barriers
current account
upswing
BPI
27. Financial aid by the government to an individual or group to support an activity that is in the public interest.
market skimming
processing
debit-card system
subsidy
28. Something that is required by law.
loyalty card
statutory
tariff
franchising
29. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.
EDI
monopoly
processing
non-tariff barriers
30. A range of many things or people that are very different from each other.
over the counter drug
competitive
national debt
diversity
31. Usually software where the source code is made freely available for all users to change as they see fit.
open source
stock turnover
till
counterfeit
32. An owner of shares or stocks in a company.
shareholder
export controls
consumer non-durables
economic growth
33. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
RPI
trade deficit
unemployment rate
stock turnover
34. System in which good or services are exchanged for other goods or services rather than cash.
consumer durables
barter
oligopoly
deficit spending
35. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.
freehold
current account
dealer brands
business cycle
36. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
copyright
household sector
money supply
FDI
37. Goods bought for private use.
variety store
inventory turnover
EDI
consumer goods
38. Obstacles to international trade based on customs tariffs.
cooperative
dealer brands
tariff barriers
budget deficit
39. The skills and knowledge needed to start and run a company.
entrepreneurship
oligopoly
barter
cooperative
40. Items which a shop has and are available to buy.
in-stock
product differentiation
self-service
reduced
41. A period of shrinking economic activity.
downswing
business cycle
greenbelt
compliance
42. Central Business District - the largest retail and office area of a city - also known as downtown
investment
protectionism
core products
CBD
43. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
NIMBY
factors of production
bulk discount
mission statement
44. The resources used to produce goods and services - including land - labour - business and capital.
volunteer
mortgage
savings rate
factors of production
45. Focusing on a more specific line of products or services in comparison to competitors.
aggregate demand
niche strategy
CPI
budget deficit
46. Doing something (performing a process) to make a material ready for your requirments.
processing
consumer goods
EDI
boom
47. Distribution of anything for use - including time or money.
BPI
processing
negotiation
allocation
48. The variety of goods that a retailer sells.
inventory shrinkage
advertising
depth of assortment
open source
49. When a small number of companies control a certain market.
open-market operations
oligopoly
BPI
till
50. Economic policies designed to support business and help it expand.
fiscal policies
in-stock
constructive economic policies
customer
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