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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. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
Americorps
sustainability
store loyalty
blight
2. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
CBI
self-service
upswing
EPOS
3. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
consumer durables
counterfeit
shelf warmer
NIMBY
4. A range of many things or people that are very different from each other.
savings rate
monopoly
diversity
loyalty card
5. The support of a cause.
standard of living
advocacy
NIMBY
AAA
6. Statement of policy issued by a government which may form the basis of a future law.
White paper
supermarket
checkout
idle capacity
7. A large - long-term loan taken out to pay for a house.
loyalty card
store
mortgage
stockroom
8. A company's main products - e.g. Opel's core product is cars.
FDI
boom
core products
mom-and-pop store
9. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.
processing
PPP
NIMBY
TUC
10. The amount of money a person has left after paying taxes and buying necessities.
inventory
PPP
discretionary income
CBI
11. A medicine which is available without first getting a prescription from a doctor.
checkout
market skimming
subsidy
over the counter drug
12. Confederation of British Industry
business cycle
markup
CBI
negotiation
13. 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.
fiscal policies
manufacturing
benchmarking
mission statement
14. When budget spending exceeds revenue.
governance
budget deficit
real GDP
sustainable development
15. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
questionable payments
open-market operations
customer
Green paper
16. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
GDP
markup
bulk discount
entrepreneurship
17. Giving people the freedom to decide things and take responsibility for themselves.
trade deficit
empowerment
standard of living
urban
18. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
variety store
inventory shrinkage
duty
NIMBY
19. A period of very high economic activity.
boom
store loyalty
self-service
stock turnover
20. A minimum income level below which people are officially poor.
core products
dealer brands
poverty line
consumer non-durables
21. Value of the entire company as expressed by its market capitalization.
trademark
outsourcing
shareholder value
supermarket
22. A period where there is little economic activity - high unemployment and much poverty.
market penetration
depression
Green paper
inventory management
23. A test or way of measuring something.
assessment
customer
subsidy
depth of assortment
24. The balance between interest rates and the demand for money.
market equilibrium
BPI
compliance
diversity
25. Meeting accepted guidelines or laws.
GDP
compliance
questionable payments
employee
26. Business wholly owned by its employees with the emphasis on group decision making.
statutory
product differentiation
cooperative
otc drug
27. 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.
subsidy
vending machine
megamall
stockroom
28. The right to live in a home on a long-term tenancy.
sustainability
empowerment
prime rate
leasehold
29. A retailer that concentrates on selling one particular type of good.
mom-and-pop store
factors of production
discontinued
speciality store
30. Shows the flows of money into and out of a country plus transfer payments.
recession
sanctions
balance of payments
mortgage
31. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
OECD
subsidy
otc drug
stock turnover
32. An owner of shares or stocks in a company.
retail outlet
shareholder
NIMBY
dead stock
33. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
greenbelt
self-service
consumer goods
sanctions
34. A storeroom where items which cannot be put on display are stored.
inventory
niche strategy
stockroom
market equilibrium
35. Central Business District - the largest retail and office area of a city - also known as downtown
greenbelt
self-service
quota
CBD
36. When a company reduces their output during a recession they have excess or idle capacity.
diversity
governance
idle capacity
reduced
37. A person who works for someone else in exchange for payment.
employee
over the counter drug
AFL/CIO
negotiation
38. A reduction in price offered when buying an item in higher quantities.
constructive economic policies
sustainable development
bulk discount
niche strategy
39. Trade Union Congress.
TUC
monopoly
non-tariff barriers
vending machine
40. A person or organization which receives money from a charity.
balance of payments
till
niche strategy
beneficiary
41. Goods bought and used by companies - such as machines. Also known as capital goods.
monetary policies
producer goods
discontinued
convenience store
42. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
Nominal GDP
urban
constructive economic policies
FMCG
43. Distribution of anything for use - including time or money.
non-tariff barriers
direct selling
recession
allocation
44. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.
stakeholder
shareholder value
direct selling
myopic perspective
45. Economic policies designed to support business and help it expand.
constructive economic policies
intellectual property
GDP
otc drug
46. The Federal Reserve - the US central banking system.
Fed
governance
empowerment
real GDP
47. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.
franchising
competitive
business sector
dead stock
48. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
consumer durables
depth of assortment
inventory
store
49. An economic sanction that forbids the import of a specific product or all products from a specific country.
Americorps
duty
questionable payments
embargo
50. Agreement that provided the basis for the formation of the European Union.
manufacturing
Maastricht Treaty
chain
societal