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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. The hub of retailing in a city - where the most office buildings and retail stores are.
sustainability
outsourcing
central business district
new capital investment
2. Refers to the number of distinct goods or services a retailer offers.
franchising
myopic perspective
width of assortment
volunteer
3. A financial instrument that facilitates payment from one currency to another.
open-market operations
fake
foreign exchange
empowerment
4. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.
RPI
supplier
inventory turnover
producer goods
5. Obstacles to international trade based on customs tariffs.
factors of production
direct selling
budget deficit
tariff barriers
6. A period of economic expansion.
boom
investment
upswing
downswing
7. A shop or store.
retail outlet
debit-card system
entrepreneurship
megamall
8. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.
budget surplus
stakeholder
GDP
entrepreneurship
9. An economic sanction that forbids the import of a specific product or all products from a specific country.
business cycle
embargo
societal
checkout
10. A large - long-term loan taken out to pay for a house.
mortgage
sustainable development
debit-card system
compliance
11. The Federal Reserve - the US central banking system.
negative equity
barter
Fed
oligopoly
12. A period of shrinking economic activity.
market equilibrium
blight
CPI
downswing
13. The total amount of money in circulation in a country.
shareholder value
money supply
inventory shrinkage
Fed
14. Buying currency options that fix exchange rates for a period of time.
sustainable
White paper
savings rate
currency hedging
15. Central Business District - the largest retail and office area of a city - also known as downtown
CBD
balance of trade
depth of assortment
competitive
16. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
inventory
idle capacity
discontinued
depression
17. A card payment system where the cost of goods or services is immediately removed from a bank account.
debit-card system
product differentiation
leasehold
CBD
18. Meeting accepted guidelines or laws.
compliance
tax revenue
social stratification
bulk discount
19. When a company reduces their output during a recession they have excess or idle capacity.
monetary policies
export controls
idle capacity
customs
20. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
AAA
blight
trademark
negotiation
21. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
subsidy
mortgage
self-service
monopoly
22. Doing something (performing a process) to make a material ready for your requirments.
market equilibrium
consumer durables
processing
infringement
23. When the imports into a country exceed the exports going out of a country.
blight
stakeholder
trade deficit
stock turnover
24. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.
FMCG
market equilibrium
stockroom
statutory
25. A retail store that handles a wide variety of inexpensive and cheaply priced goods.
Americorps
non-tariff barriers
constructive economic policies
variety store
26. Agreement that provided the basis for the formation of the European Union.
inventory shrinkage
tariff barriers
Maastricht Treaty
quota
27. Statement of policy issued by a government which may form the basis of a future law.
White paper
CBI
dead stock
upswing
28. An owner of shares or stocks in a company.
business sector
till
shareholder
prime rate
29. Items which a shop has and are available to buy.
statutory
in-stock
questionable payments
boom
30. 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.
mission statement
quota
EPOS
empowerment
31. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.
inventory shrinkage
supermarket
money supply
stakeholder
32. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
sustainability
EPOS
store
volunteer
33. Items sold in a store during a certain period measuring in number of units or value.
stock turnover
restrictive economic policies
supermarket
infringement
34. Consumer goods that have a short life span - e.g. food or paper tissues.
retail outlet
negotiation
duty
consumer non-durables
35. A reduction in the selling price of an item in order to increase sales.
core products
in-stock
markdown
deficit spending
36. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.
current account
GDP
questionable payments
assessment
37. 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.
sustainable development
CBD
depression
capital spending
38. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
otc drug
mortgage
depression
recession
39. Something that is bought without being planned for.
restrictive economic policies
Nominal GDP
social structure
impulse purchase
40. A collection of shops under one roof with a shared entrance and food area.
foreign exchange
mission statement
economic growth
shopping centre
41. Development which can be done without harming the environment or natural resources.
NIMBY
outsourcing
bulk discount
sustainable development
42. American Federation of Labour / Association of Industrial Organizations
business cycle
market skimming
sustainable development
AFL/CIO
43. A person or company from whom goods or services are bought.
supplier
CBI
sustainable development
duty
44. Regular fluctuations in overall economic activity over time.
barter
business cycle
constructive economic policies
savings rate
45. The support of a cause.
grease payments
dead stock
advocacy
diversity
46. When a private company provides a public service in agreement with a government or council.
market equilibrium
myopic perspective
public-private partnership
consumer non-durables
47. Relating to cities or built up areas - not the countryside.
target market
sustainable
unemployment rate
urban
48. The rare situation when budget spending is smaller than revenue.
budget surplus
OECD
dealer brands
budget deficit
49. A minimum income level below which people are officially poor.
poverty line
dealer brands
outsourcing
supermarket
50. When a small number of companies control a certain market.
loyalty card
consumer non-durables
debit-card system
oligopoly
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