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Test your basic knowledge |
Business English Vocab Test
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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. An item which is no longer produced by a manufacturer or sold by a retailer.
checkout
discontinued
compliance
discretionary income
2. A retailer that concentrates on selling one particular type of good.
speciality store
sustainable
social stratification
business sector
3. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.
social structure
export controls
household sector
self-service
4. The support of a cause.
direct selling
employee
advocacy
advertising
5. An owner of shares or stocks in a company.
cooperative
AFL/CIO
shareholder
shareholder value
6. An economic sanction that forbids the import of a specific product or all products from a specific country.
EDI
embargo
sustainable
duty
7. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.
over the counter drug
economic growth
social structure
processing
8. Obstacles to international trade other than tariffs.
FMCG
non-tariff barriers
aggregate demand
open source
9. Regular fluctuations in overall economic activity over time.
deficit spending
negative equity
business cycle
prime rate
10. A range of many things or people that are very different from each other.
standard of living
upswing
diversity
new capital investment
11. real Gross Domestic Product is the level of GDP having been adjusted for inflation.
real GDP
EDI
CBD
checkout
12. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.
checkout
mortgage
household sector
Fed
13. Business wholly owned by its employees with the emphasis on group decision making.
loyalty card
product differentiation
cooperative
leasehold
14. 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
markup
market skimming
discretionary income
15. A period of decline in economic activity.
poverty line
recession
open-market operations
national debt
16. The customer group a retailer wants to attract and satisfy.
societal
AFL/CIO
target market
employee
17. Volunteer organization for young - disadvantaged Americans.
Americorps
dealer brands
GDP
customer
18. A consultation document that sets out the government's position on a certain issue.
mortgage
subsidy
discontinued
Green paper
19. 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.
fiscal policies
NIMBY
freehold
self-service
20. Regulations that mean permission from the government is required before certain items can be exported.
AFL/CIO
in-stock
supply chain
export controls
21. A tax imposed on imports by the customs authority of a country.
shareholder
duty
loyalty card
market penetration
22. American Federation of Labour / Association of Industrial Organizations
non-tariff barriers
sustainable development
cooperative
AFL/CIO
23. Meeting accepted guidelines or laws.
compliance
OECD
tariff barriers
PPP
24. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.
EPOS
investment
social structure
duty
25. The resources used to produce goods and services - including land - labour - business and capital.
CPI
manufacturing
franchising
factors of production
26. An enormous planned shopping centre with hundreds of stores under one roof.
producer goods
megamall
Green paper
compliance
27. Products that can hold their own against rival products in terms of price - features or quality.
competitive
cooperative
mission statement
over the counter drug
28. Value of the entire company as expressed by its market capitalization.
societal
advocacy
investment
shareholder value
29. Process of communicating back and forth until an agreement has been reached.
CBI
market skimming
automatic reordering system
negotiation
30. System in which good or services are exchanged for other goods or services rather than cash.
entrepreneurship
barter
cooperative
negative equity
31. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.
open-market operations
in-stock
protectionism
till
32. A shop or store.
export controls
mom-and-pop store
idle capacity
retail outlet
33. Items sold in a store during a certain period measuring in number of units or value.
real GDP
trademark
sustainable development
stock turnover
34. When a price has been cut.
market skimming
producer goods
supplier
reduced
35. The violation of a law or right.
myopic perspective
discretionary income
infringement
sustainable
36. Economic policies designed to support business and help it expand.
upswing
aggregate demand
open source
constructive economic policies
37. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.
markup
direct selling
customs
convenience store
38. Payments made like a bribe to encourage an official to allow something or get something done.
advocacy
balance of payments
grease payments
copycat
39. Machine for processing sales - taking payments - giving change. Also know as a cash register.
idle capacity
niche strategy
till
dead stock
40. Something that is required by law.
trade surplus
core products
unemployment rate
statutory
41. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.
retail outlet
export controls
Nominal GDP
market penetration
42. The total sum of a nation's outstanding debt.
CBI
mortgage
national debt
otc drug
43. A self-service food store with grocery - meat and produce departments.
supermarket
advocacy
loyalty card
inventory
44. When governments try to stabilize economic activities by funding major projects from budget deficits.
deficit spending
protectionism
infringement
budget surplus
45. The right to live in a home on a long-term tenancy.
advocacy
leasehold
chain
aggregate demand
46. Confederation of British Industry
retail outlet
CBI
constructive economic policies
freehold
47. Statement of policy issued by a government which may form the basis of a future law.
current account
prime rate
White paper
customs
48. A small owner-operated store serving a local community.
inventory shrinkage
dealer brands
mom-and-pop store
export controls
49. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
NAFTA
open-market operations
customs
till
50. The process of turning raw materials and parts into finished products.
manufacturing
AFL/CIO
deficit spending
EPOS
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