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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. Usually software where the source code is made freely available for all users to change as they see fit.






2. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.






3. The variety of goods that a retailer sells.






4. Giving people the freedom to decide things and take responsibility for themselves.






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






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






7. A financial instrument that facilitates payment from one currency to another.






8. Products that can hold their own against rival products in terms of price - features or quality.






9. The way in which a company is controlled.






10. A range of many things or people that are very different from each other.






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






12. Obstacles to international trade other than tariffs.






13. Consumer goods that have a short life span - e.g. food or paper tissues.






14. Multiple retail units under common ownership.






15. Economic policies designed to support business and help it expand.






16. Involving the use of natural resources and energy in a way that does not harm the environment.






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






18. An enormous planned shopping centre with hundreds of stores under one roof.






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






20. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).






21. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.






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






23. When the exports a country makes exceed the imports.






24. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.






25. Trade Union Congress.






26. The percentage of a household's income that is saved.






27. The amount of money a person has left after paying taxes and buying necessities.






28. Something that is required by law.






29. A consultation document that sets out the government's position on a certain issue.






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






31. The total amount of money in circulation in a country.






32. Shows the flows of money into and out of a country plus transfer payments.






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






34. How companies try to show their products as being different from those of their rivals.






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






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






37. The money a state earns via taxation.






38. A shop or store.






39. The checking - ordering & processing of stock levels.






40. A company's main products - e.g. Opel's core product is cars.






41. Sets of specific restraints imposed by governments on international trade.






42. System in which good or services are exchanged for other goods or services rather than cash.






43. 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.






44. The difference between merchandise costs and retail selling price.






45. A collection of shops under one roof with a shared entrance and food area.






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






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.






48. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.






49. Items which a shop has and are available to buy.






50. An imitation of a product made with the intent to defraud a customer.






Can you answer 50 questions in 15 minutes?



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