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Business English Vocab Test

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. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






2. A large retail unit selling a wide variety of goods in separate departments.






3. Connected with society and the way it is organized.






4. The area of the economy that produces goods and provides services.






5. The amount of wealth - money - comfort etc that a particular person - group or society has.






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.






7. Multiple retail units under common ownership.






8. A storeroom where items which cannot be put on display are stored.






9. Buying currency options that fix exchange rates for a period of time.






10. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.






11. Relating to cities or built up areas - not the countryside.






12. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






13. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.






14. An individual or company buying from someone.






15. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.






16. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.






17. A voluntary sector or charity sector organization.






18. The percentage of people who do not have a job.






19. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.






20. The rate of interest at which US banks lend money to their best corporate customers.






21. Machine for processing sales - giving change in a shop or restaurant.






22. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.






23. The money a state earns via taxation.






24. Volunteer organization for young - disadvantaged Americans.






25. When budget spending exceeds revenue.






26. Regular fluctuations in overall economic activity over time.






27. A computerised stock-control system which reorders stock automatically when it reaches a certain level.






28. Regulations that mean permission from the government is required before certain items can be exported.






29. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.






30. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






31. Machine for processing sales - taking payments - giving change. Also know as a cash register.






32. Agreement that provided the basis for the formation of the European Union.






33. Something that is bought without being planned for.






34. real Gross Domestic Product is the level of GDP having been adjusted for inflation.






35. Process of communicating back and forth until an agreement has been reached.






36. Financial aid by the government to an individual or group to support an activity that is in the public interest.






37. Items in a store which have not sold for a longer period of time.






38. When the amount borrowed to pay for a home is now more than the property is actually worth.






39. Selling items to a customer directly - for example via telephone - without a store being involved in the process.






40. A sign or symbol used by a company such as the Nike swish logo which is protected by law.






41. A reduction in price offered when buying an item in higher quantities.






42. Development which can be done without harming the environment or natural resources.






43. Announcing that a product is for sale - trying to persuade customers to buy a product or service.






44. Distribution of anything for use - including time or money.






45. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.






46. Something which is a copy or imitation.






47. A self-service food store with grocery - meat and produce departments.






48. 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?






49. The skills and knowledge needed to start and run a company.






50. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.







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