SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. Government policies to cool down an economy and prevent inflation during boom periods.
prime rate
central business district
GDP
restrictive economic policies
2. Machine for processing sales - taking payments - giving change. Also know as a cash register.
NAFTA
household sector
till
cooperative
3. System in which good or services are exchanged for other goods or services rather than cash.
barter
copycat
current account
cooperative
4. A self-service food store with grocery - meat and produce departments.
duty
supermarket
economic growth
product differentiation
5. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
constructive economic policies
quota
self-service
NAFTA
6. Economic policies that use taxation to correct the course of the economy e.g. lowering sales tax to encourage spending or raising interest rates to encourage saving.
assessment
blight
factors of production
fiscal policies
7. Involving the use of natural resources and energy in a way that does not harm the environment.
barter
sustainable
speciality store
Maastricht Treaty
8. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
store loyalty
real GDP
FDI
budget deficit
9. A tax imposed on imports by the customs authority of a country.
market penetration
duty
sanctions
dealer brands
10. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
manufacturing
depression
statutory
household sector
11. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
trade surplus
convenience store
dealer brands
quota
12. Hiring an external company to perform tasks for a company and reduce costs.
shareholder
outsourcing
embargo
markup
13. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.
copyright
trade deficit
negative equity
inventory shrinkage
14. Organization for Economic Cooperation and Development
central business district
copycat
copyright
OECD
15. Obstacles to international trade based on customs tariffs.
supplier
social structure
stockroom
tariff barriers
16. A person or organization which receives money from a charity.
debit-card system
entrepreneurship
beneficiary
AAA
17. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.
manufacturing
core products
intellectual property
urban
18. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
stock turnover
Nominal GDP
central business district
bulk discount
19. A retail outlet.
franchising
market penetration
money supply
store
20. Obstacles to international trade other than tariffs.
tax revenue
markup
non-tariff barriers
processing
21. An imitation of a product made with the intent to defraud a customer.
central business district
FMCG
counterfeit
governance
22. An individual or company buying from someone.
producer goods
customer
NAFTA
sustainable development
23. Connected with society and the way it is organized.
societal
TUC
Maastricht Treaty
competitive
24. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.
Maastricht Treaty
restrictive economic policies
CPI
copycat
25. Multiple retail units under common ownership.
fiscal policies
capital spending
copycat
chain
26. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
duty
producer goods
questionable payments
mission statement
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.
consumer durables
FMCG
vending machine
market equilibrium
28. The hub of retailing in a city - where the most office buildings and retail stores are.
sanctions
market equilibrium
central business district
processing
29. 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.
loyalty card
subsidy
capital spending
core products
30. Meeting accepted guidelines or laws.
market equilibrium
compliance
budget surplus
grease payments
31. Items which a shop has and are available to buy.
statutory
mortgage
inventory management
in-stock
32. A company's main products - e.g. Opel's core product is cars.
core products
public-private partnership
direct selling
debit-card system
33. A period where there is little economic activity - high unemployment and much poverty.
depression
copycat
real GDP
competitive
34. Refers to the number of distinct goods or services a retailer offers.
empowerment
department store
width of assortment
greenfield site
35. When a price has been cut.
self-service
benchmarking
balance of trade
reduced
36. Economic policies designed to support business and help it expand.
speciality store
fake
constructive economic policies
not-for-profit
37. Machine for processing sales - giving change in a shop or restaurant.
checkout
inventory shrinkage
volunteer
processing
38. Goods bought and used by companies - such as machines. Also known as capital goods.
competitive
White paper
producer goods
reduced
39. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
currency hedging
fiscal policies
economic growth
social structure
40. A reduction in the selling price of an item in order to increase sales.
outsourcing
barter
markdown
CBD
41. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.
balance of payments
stock turnover
investment
market skimming
42. Central Business District - the largest retail and office area of a city - also known as downtown
empowerment
CBD
boom
processing
43. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
GDP
dealer brands
sustainability
processing
44. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
markup
consumer goods
stakeholder
White paper
45. The total amount of money in circulation in a country.
money supply
Nominal GDP
open-market operations
idle capacity
46. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).
variety store
quota
megamall
greenfield site
47. A range of many things or people that are very different from each other.
national debt
NIMBY
diversity
boom
48. A way of measuring performance by comparing a company to similar ones.
impulse purchase
loyalty card
variety store
benchmarking
49. Financial aid by the government to an individual or group to support an activity that is in the public interest.
automatic reordering system
investment
subsidy
embargo
50. The legal right of the owner of a work over its control and distribution.
width of assortment
copyright
competitive
FDI