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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.
balance of payments
investment
social structure
EPOS
2. System in which good or services are exchanged for other goods or services rather than cash.
FDI
not-for-profit
barter
niche strategy
3. The legal right of the owner of a work over its control and distribution.
export controls
speciality store
producer goods
copyright
4. An extremely adverse environmental condition.
fiscal policies
embargo
blight
grease payments
5. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
oligopoly
retail outlet
stakeholder
protectionism
6. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
FMCG
central business district
currency hedging
NGOs
7. Economic policies that use money e.g. interest rates or money supply as the major instruments.
stakeholder
employee
monetary policies
inventory management
8. A tax imposed on imports by the customs authority of a country.
downswing
counterfeit
duty
cooperative
9. The sum of money invested in new or additional equipment.
supplier
currency hedging
advocacy
new capital investment
10. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.
governance
assessment
foreign exchange
current account
11. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
sustainability
consumer durables
store loyalty
constructive economic policies
12. A minimum income level below which people are officially poor.
BPI
balance of payments
poverty line
intellectual property
13. A computerised stock-control system which reorders stock automatically when it reaches a certain level.
Americorps
fiscal policies
Green paper
automatic reordering system
14. Statement of policy issued by a government which may form the basis of a future law.
duty
White paper
boom
restrictive economic policies
15. The percentage of a household's income that is saved.
EPOS
savings rate
chain
Green paper
16. The balance between interest rates and the demand for money.
export controls
market equilibrium
volunteer
markdown
17. A financial instrument that facilitates payment from one currency to another.
sustainability
foreign exchange
non-tariff barriers
AAA
18. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
competitive
business cycle
loyalty card
prime rate
19. The variety of goods that a retailer sells.
depth of assortment
constructive economic policies
foreign exchange
balance of payments
20. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
real GDP
till
markdown
recession
21. A reduction in the selling price of an item in order to increase sales.
consumer durables
markdown
customer
sustainable development
22. Selling items to a customer directly - for example via telephone - without a store being involved in the process.
OECD
reduced
direct selling
societal
23. A period where there is little economic activity - high unemployment and much poverty.
outsourcing
depression
downswing
BPI
24. The checking - ordering & processing of stock levels.
inventory management
outsourcing
employee
foreign exchange
25. The process of turning raw materials and parts into finished products.
supplier
manufacturing
supermarket
subsidy
26. An owner of shares or stocks in a company.
shareholder
not-for-profit
Americorps
real GDP
27. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.
market penetration
impulse purchase
statutory
franchising
28. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
convenience store
CBI
sanctions
business sector
29. A person or company from whom goods or services are bought.
supplier
societal
outsourcing
mortgage
30. When budget spending exceeds revenue.
employee
savings rate
tax haven
budget deficit
31. A period of decline in economic activity.
diversity
recession
variety store
PPP
32. Regular fluctuations in overall economic activity over time.
poverty line
beneficiary
business cycle
otc drug
33. A self-service food store with grocery - meat and produce departments.
fiscal policies
sanctions
supermarket
trade deficit
34. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
economic growth
tariff
core products
product differentiation
35. The difference between merchandise costs and retail selling price.
markup
store
product differentiation
greenbelt
36. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.
AFL/CIO
factors of production
mission statement
mom-and-pop store
37. A large retail unit selling a wide variety of goods in separate departments.
stockroom
department store
Maastricht Treaty
urban
38. Central Business District - the largest retail and office area of a city - also known as downtown
TUC
greenbelt
mom-and-pop store
CBD
39. The right to live in a home on a long-term tenancy.
customs
EPOS
leasehold
tariff barriers
40. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
chain
mission statement
otc drug
counterfeit
41. 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.
barter
upswing
idle capacity
customs
42. The total sum of goods and services in demand.
governance
depth of assortment
aggregate demand
competitive
43. When the exports a country makes exceed the imports.
tax haven
vending machine
trade surplus
factors of production
44. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
department store
trademark
greenbelt
reduced
45. An imitation of a product made with the intent to defraud a customer.
allocation
counterfeit
consumer durables
convenience store
46. A medicine which is available without first getting a prescription from a doctor.
over the counter drug
speciality store
White paper
open-market operations
47. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
impulse purchase
WTO
stakeholder
discontinued
48. The buying and selling of government securities by a central bank in order to control the money supply.
economic growth
open-market operations
Americorps
budget deficit
49. Something that is required by law.
statutory
copycat
business cycle
supply chain
50. Financial aid by the government to an individual or group to support an activity that is in the public interest.
sustainable development
White paper
societal
subsidy