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






2. Trade Union Congress.






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






4. An economic sanction that forbids the import of a specific product or all products from a specific country.






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






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






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






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






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






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






11. A person or organization which receives money from a charity.






12. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.






13. Goods bought and used by companies - such as machines. Also known as capital goods.






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






15. A retail outlet.






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






17. Government policies to cool down an economy and prevent inflation during boom periods.






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






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






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






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






22. A shop or store.






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






24. The different layers within a society e.g. class - income - education.






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






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






27. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.






28. A small owner-operated store serving a local community.






29. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.






30. A voluntary sector or charity sector organization.






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






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






33. American Federation of Labour / Association of Industrial Organizations






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






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






36. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.






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






38. Payments made like a bribe to encourage an official to allow something or get something done.






39. The sum of money invested in new or additional equipment.






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






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






42. Regular fluctuations in overall economic activity over time.






43. An individual or company buying from someone.






44. When a company reduces their output during a recession they have excess or idle capacity.






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






46. Refers to the number of distinct goods or services a retailer offers.






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






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






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






50. Something which is a copy or imitation.