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






2. The total sum of a nation's outstanding debt.






3. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.






4. The right to live in a home on a long-term tenancy.






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






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






7. 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.






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






9. The money a state earns via taxation.






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






11. A voluntary sector or charity sector organization.






12. Value of the entire company as expressed by its market capitalization.






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






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






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






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






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






18. A shop or store.






19. A country's exports minus its imports.






20. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.






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






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






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






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






25. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






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






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






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






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






30. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.






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






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






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






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






35. 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.






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






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






38. A large - long-term loan taken out to pay for a house.






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






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






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






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






43. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






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






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






46. Volunteer organization for young - disadvantaged Americans.






47. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.






48. An individual or company buying from someone.






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






50. Patterns of relationships between different groups of society.