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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 process of turning raw materials and parts into finished products.
manufacturing
convenience store
business cycle
mission statement
2. Patterns of relationships between different groups of society.
money supply
dead stock
social structure
prime rate
3. A test or way of measuring something.
customs
household sector
stock turnover
assessment
4. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.
upswing
greenbelt
compliance
boom
5. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.
budget surplus
customer
AAA
not-for-profit
6. A government-imposed tax on imports.
statutory
supply chain
tariff
OECD
7. When budget spending exceeds revenue.
budget deficit
CPI
store loyalty
barter
8. Products that can hold their own against rival products in terms of price - features or quality.
employee
supermarket
competitive
poverty line
9. When governments try to stabilize economic activities by funding major projects from budget deficits.
deficit spending
in-stock
supply chain
real GDP
10. A self-service food store with grocery - meat and produce departments.
greenfield site
stockroom
market penetration
supermarket
11. A period of economic expansion.
Maastricht Treaty
Nominal GDP
upswing
budget surplus
12. The number of times during a period a business sells its inventory and replaces it.
recession
AFL/CIO
inventory turnover
OECD
13. A period of very high economic activity.
department store
boom
fake
recession
14. When a customer regularly uses a store they know - like and trust.
store loyalty
central business district
consumer goods
tax revenue
15. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.
tax haven
over the counter drug
department store
volunteer
16. Economic policies designed to support business and help it expand.
social stratification
boom
constructive economic policies
idle capacity
17. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
factors of production
otc drug
sustainable
NGOs
18. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
economic growth
upswing
AAA
automatic reordering system
19. A period of shrinking economic activity.
downswing
diversity
upswing
shelf warmer
20. When the amount borrowed to pay for a home is now more than the property is actually worth.
mortgage
recession
standard of living
negative equity
21. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.
new capital investment
loyalty card
current account
market penetration
22. Process of communicating back and forth until an agreement has been reached.
negotiation
over the counter drug
cooperative
deficit spending
23. A reduction in price offered when buying an item in higher quantities.
upswing
copyright
bulk discount
target market
24. The Federal Reserve - the US central banking system.
copyright
markdown
Fed
volunteer
25. American Federation of Labour / Association of Industrial Organizations
beneficiary
AFL/CIO
producer goods
supplier
26. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.
subsidy
impulse purchase
reduced
sustainability
27. Connected with society and the way it is organized.
business cycle
societal
trade deficit
questionable payments
28. Business wholly owned by its employees with the emphasis on group decision making.
cooperative
allocation
sustainable development
megamall
29. A collection of shops under one roof with a shared entrance and food area.
societal
poverty line
till
shopping centre
30. The variety of goods that a retailer sells.
depth of assortment
checkout
till
market skimming
31. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).
processing
consumer durables
shelf warmer
BPI
32. The sum of money invested in new or additional equipment.
supply chain
downswing
direct selling
new capital investment
33. Payments made like a bribe to encourage an official to allow something or get something done.
grease payments
mom-and-pop store
freehold
NAFTA
34. Multiple retail units under common ownership.
EDI
counterfeit
chain
Nominal GDP
35. When a small number of companies control a certain market.
supermarket
oligopoly
not-for-profit
otc drug
36. Sets of specific restraints imposed by governments on international trade.
sanctions
sustainable development
advocacy
capital spending
37. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
volunteer
Nominal GDP
dead stock
savings rate
38. The skills and knowledge needed to start and run a company.
stakeholder
downswing
stock turnover
entrepreneurship
39. 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.
capital spending
non-tariff barriers
EDI
vending machine
40. An extremely adverse environmental condition.
business sector
blight
allocation
Fed
41. How companies try to show their products as being different from those of their rivals.
standard of living
investment
product differentiation
discontinued
42. Regulations that mean permission from the government is required before certain items can be exported.
export controls
customs
variety store
loyalty card
43. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
monopoly
competitive
FDI
downswing
44. The system of organizations involved in moving a product from manufacturer to customer.
real GDP
investment
supply chain
capital spending
45. Meeting accepted guidelines or laws.
target market
store loyalty
tariff
compliance
46. The rare situation when budget spending is smaller than revenue.
inventory
budget surplus
otc drug
PPP
47. Shows the flows of money into and out of a country plus transfer payments.
megamall
balance of payments
budget surplus
infringement
48. The amount of money a person has left after paying taxes and buying necessities.
checkout
discretionary income
NIMBY
processing
49. A person who works for someone else in exchange for payment.
negative equity
employee
manufacturing
supplier
50. Something that is required by law.
upswing
dealer brands
over the counter drug
statutory