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






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






3. The number of times during a period a business sells its inventory and replaces it.






4. When a price has been cut.






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






6. An item which is no longer produced by a manufacturer or sold by a retailer.






7. The violation of a law or right.






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






9. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.






10. Meeting accepted guidelines or laws.






11. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.






12. The rare situation when budget spending is smaller than revenue.






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






14. A person who works for someone else in exchange for payment.






15. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






16. The Federal Reserve - the US central banking system.






17. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






18. A medicine which is available without first getting a prescription from a doctor.






19. An owner of shares or stocks in a company.






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






21. Confederation of British Industry






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






23. Central Business District - the largest retail and office area of a city - also known as downtown






24. The support of a cause.






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






26. Business wholly owned by its employees with the emphasis on group decision making.






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






28. Obstacles to international trade other than tariffs.






29. A reduction in the selling price of an item in order to increase sales.






30. 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.






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






32. When a customer regularly uses a store they know - like and trust.






33. The resources used to produce goods and services - including land - labour - business and capital.






34. Doing something (performing a process) to make a material ready for your requirments.






35. When a small number of companies control a certain market.






36. The system of organizations involved in moving a product from manufacturer to customer.






37. A person or company from whom goods or services are bought.






38. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.






39. The hub of retailing in a city - where the most office buildings and retail stores are.






40. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






41. 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?






42. Exclusive ownership of a property for an indefinite period of time.






43. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






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






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






46. The legal right of the owner of a work over its control and distribution.






47. The buying and selling of government securities by a central bank in order to control the money supply.






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






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






50. Items sold in a store during a certain period measuring in number of units or value.






Can you answer 50 questions in 15 minutes?



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