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






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






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






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






5. The amount of money a person has left after paying taxes and buying necessities.






6. A retailer that concentrates on selling one particular type of good.






7. Patterns of relationships between different groups of society.






8. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






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






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






11. 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.






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






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






14. Something that is required by law.






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






16. The balance between interest rates and the demand for money.






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






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






19. Exclusive ownership of a property for an indefinite period of time.






20. Machine for processing sales - taking payments - giving change. Also know as a cash register.






21. Financial aid by the government to an individual or group to support an activity that is in the public interest.






22. An item which is no longer produced by a manufacturer or sold by a retailer.






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






24. A retail outlet.






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






26. Usually software where the source code is made freely available for all users to change as they see fit.






27. A computerised stock-control system which reorders stock automatically when it reaches a certain level.






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






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






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






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






32. The variety of goods that a retailer sells.






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






34. Goods bought for private use.






35. When a price has been cut.






36. 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.






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






38. 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.






39. Hiring an external company to perform tasks for a company and reduce costs.






40. When the exports a country makes exceed the imports.






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






42. A voluntary sector or charity sector organization.






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






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






45. The total amount of money in circulation in a country.






46. The percentage of a household's income that is saved.






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






48. The way in which a company is controlled.






49. A test or way of measuring something.






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







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Can you answer 50 questions in 15 minutes?


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