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






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






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






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






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






6. An extremely adverse environmental condition.






7. A test or way of measuring something.






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






9. Obstacles to international trade other than tariffs.






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. The rare situation when budget spending is smaller than revenue.






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






13. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






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






15. Multiple retail units under common ownership.






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






17. The way in which a company is controlled.






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






19. A period of very high economic activity.






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






21. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.






22. Imitating another company's ideas rather than developing your own.






23. Volunteer organization for young - disadvantaged Americans.






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






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






26. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.






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






28. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






29. A person or company from whom goods or services are bought.






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






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






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






33. Meeting accepted guidelines or laws.






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






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






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






37. 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.






38. The variety of goods that a retailer sells.






39. The purchase of a financial product or other item of value with the hope that it will become more valuable.






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






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






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






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






44. Goods bought for private use.






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






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






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






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






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






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