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






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






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






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






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






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






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






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






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






10. 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.






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






12. 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.






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






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






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






16. A test or way of measuring something.






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






18. American Federation of Labour / Association of Industrial Organizations






19. Patterns of relationships between different groups of society.






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






21. Economic policies that use money e.g. interest rates or money supply as the major instruments.






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






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






24. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.






25. Organization for Economic Cooperation and Development






26. Trade Union Congress.






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






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






29. A government-imposed tax on imports.






30. A card payment system where the cost of goods or services is immediately removed from a bank account.






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






32. When budget spending exceeds revenue.






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






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






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






36. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.






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






38. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.






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






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






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






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






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






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






45. The variety of goods that a retailer sells.






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






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






48. A reduction in price offered when buying an item in higher quantities.






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






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







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