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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. Confederation of British Industry
budget surplus
freehold
CBI
social structure
2. The total sum of goods and services in demand.
budget deficit
self-service
poverty line
aggregate demand
3. Consumer goods that have a long life span - e.g. furniture.
depression
consumer durables
checkout
social structure
4. When the amount borrowed to pay for a home is now more than the property is actually worth.
negative equity
target market
width of assortment
Fed
5. A retailer that concentrates on selling one particular type of good.
markup
impulse purchase
speciality store
non-tariff barriers
6. The variety of goods that a retailer sells.
fake
duty
compliance
depth of assortment
7. A way of measuring performance by comparing a company to similar ones.
store
manufacturing
benchmarking
debit-card system
8. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.
deficit spending
NGOs
convenience store
budget surplus
9. A tax imposed on imports by the customs authority of a country.
export controls
Green paper
prime rate
duty
10. When a price has been cut.
producer goods
reduced
inventory
monopoly
11. The percentage of people who do not have a job.
unemployment rate
franchising
depth of assortment
copyright
12. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.
otc drug
copyright
empowerment
supermarket
13. Goods bought for private use.
self-service
open-market operations
advertising
consumer goods
14. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.
monopoly
tariff
WTO
volunteer
15. Business wholly owned by its employees with the emphasis on group decision making.
negotiation
discontinued
competitive
cooperative
16. A person or company from whom goods or services are bought.
business sector
core products
compliance
supplier
17. A self-service food store with grocery - meat and produce departments.
current account
supermarket
duty
downswing
18. Patterns of relationships between different groups of society.
entrepreneurship
barter
bulk discount
social structure
19. Usually software where the source code is made freely available for all users to change as they see fit.
subsidy
open source
market equilibrium
depth of assortment
20. When the exports a country makes exceed the imports.
loyalty card
markdown
FMCG
trade surplus
21. Involving the use of natural resources and energy in a way that does not harm the environment.
allocation
sustainable
monopoly
NAFTA
22. Agreement that provided the basis for the formation of the European Union.
social stratification
urban
balance of payments
Maastricht Treaty
23. The difference between merchandise costs and retail selling price.
reduced
protectionism
markup
beneficiary
24. The rare situation when budget spending is smaller than revenue.
savings rate
budget surplus
White paper
not-for-profit
25. Financial aid by the government to an individual or group to support an activity that is in the public interest.
subsidy
benchmarking
empowerment
NAFTA
26. The system of organizations involved in moving a product from manufacturer to customer.
Americorps
consumer durables
supply chain
freehold
27. Imitating another company's ideas rather than developing your own.
FDI
copycat
negotiation
trademark
28. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.
subsidy
RPI
boom
FDI
29. Volunteer organization for young - disadvantaged Americans.
fake
Americorps
EPOS
employee
30. The total sum of a nation's outstanding debt.
open source
questionable payments
CBI
national debt
31. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?
checkout
PPP
customer
inventory management
32. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.
dead stock
open-market operations
manufacturing
inventory
33. When a customer regularly uses a store they know - like and trust.
oligopoly
inventory
store loyalty
tax revenue
34. Meeting accepted guidelines or laws.
compliance
duty
social structure
questionable payments
35. Exclusive ownership of a property for an indefinite period of time.
subsidy
constructive economic policies
statutory
freehold
36. A period of economic expansion.
NIMBY
budget surplus
upswing
employee
37. When the imports into a country exceed the exports going out of a country.
recession
trade deficit
markup
core products
38. Statement of policy issued by a government which may form the basis of a future law.
White paper
Maastricht Treaty
non-tariff barriers
monopoly
39. Buying currency options that fix exchange rates for a period of time.
mom-and-pop store
producer goods
sustainability
currency hedging
40. A retail outlet.
non-tariff barriers
store
household sector
loyalty card
41. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.
NAFTA
checkout
producer goods
real GDP
42. An item which is no longer produced by a manufacturer or sold by a retailer.
public-private partnership
consumer non-durables
monetary policies
discontinued
43. Consumer goods that have a short life span - e.g. food or paper tissues.
markup
tariff barriers
monetary policies
consumer non-durables
44. Items which a shop has and are available to buy.
supermarket
in-stock
investment
currency hedging
45. A medicine which is available without first getting a prescription from a doctor.
over the counter drug
NGOs
Americorps
societal
46. Doing something (performing a process) to make a material ready for your requirments.
dead stock
constructive economic policies
processing
urban
47. 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.
urban
fiscal policies
store loyalty
infringement
48. Obstacles to international trade other than tariffs.
open-market operations
non-tariff barriers
franchising
duty
49. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.
savings rate
customs
leasehold
diversity
50. An owner of shares or stocks in a company.
negative equity
diversity
shareholder
Maastricht Treaty