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






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






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






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






5. Consumer goods that have a long life span - e.g. furniture.






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






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






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






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






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






11. Patterns of relationships between different groups of society.






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






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






14. The variety of goods that a retailer sells.






15. A country's exports minus its imports.






16. Organization for Economic Cooperation and Development






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






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






19. Economic policies that use taxation to correct the course of the economy e.g. lowering sales tax to encourage spending or raising interest rates to encourage saving.






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






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






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






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






24. Someone who does something without being paid for it - e.g. working for a charity.






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






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






27. The support of a cause.






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






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






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






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






32. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






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






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






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






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






37. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.






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






39. Meeting accepted guidelines or laws.






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






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






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






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






44. Obstacles to international trade based on customs tariffs.






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






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






47. Regular fluctuations in overall economic activity over time.






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






49. 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.






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