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






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






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






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






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






6. A shop or store.






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






8. 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.






9. Something that is required by law.






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






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






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






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






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






15. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.






16. When budget spending exceeds revenue.






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






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






19. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






20. An imitation of a product made with the intent to defraud a customer.






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






22. A voluntary sector or charity sector organization.






23. Agreement that provided the basis for the formation of the European Union.






24. A period of economic expansion.






25. A period of decline in economic activity.






26. A country's exports minus its imports.






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






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






29. Obstacles to international trade other than tariffs.






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






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






32. Organization for Economic Cooperation and Development






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






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






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






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






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






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






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






40. A medicine which is available without first getting a prescription from a doctor.






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






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






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






44. 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.






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






46. A retail store that handles a wide variety of inexpensive and cheaply priced goods.






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






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






49. Meeting accepted guidelines or laws.






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