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






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






3. When the imports into a country exceed the exports going out of a country.






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






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






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






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






8. 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?






9. A period of shrinking economic activity.






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






11. A country's exports minus its imports.






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






13. An area of land which has never been built on.






14. A way of measuring performance by comparing a company to similar ones.






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






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






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






18. A voluntary sector or charity sector organization.






19. Meeting accepted guidelines or laws.






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






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






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






23. The total sum of goods and services in demand.






24. Regular fluctuations in overall economic activity over time.






25. A tax imposed on imports by the customs authority of a country.






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






27. When governments try to stabilize economic activities by funding major projects from budget deficits.






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






29. Something which is a copy or imitation.






30. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.






31. A minimum income level below which people are officially poor.






32. The customer group a retailer wants to attract and satisfy.






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






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






35. When a private company provides a public service in agreement with a government or council.






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






37. A period of decline in economic activity.






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






39. Statement of policy issued by a government which may form the basis of a future law.






40. 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.






41. An individual or company buying from someone.






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






43. The violation of a law or right.






44. Something that is bought without being planned for.






45. A test or way of measuring something.






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






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






48. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.






49. American Federation of Labour / Association of Industrial Organizations






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