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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 checking - ordering & processing of stock levels.






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






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






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






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






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






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






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






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






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






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






12. The money a state earns via taxation.






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






14. When a private company provides a public service in agreement with a government or council.






15. When budget spending exceeds revenue.






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






17. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.






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






19. 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.






20. Focusing on a more specific line of products or services in comparison to competitors.






21. Volunteer organization for young - disadvantaged Americans.






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






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






24. A shop or store.






25. Government policies to cool down an economy and prevent inflation during boom periods.






26. System in which good or services are exchanged for other goods or services rather than cash.






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






28. The skills and knowledge needed to start and run a company.






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






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






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






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






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






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






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






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






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






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






39. Something which is a copy or imitation.






40. A test or way of measuring something.






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






42. Trade Union Congress.






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






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






45. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






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






47. Obstacles to international trade other than tariffs.






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






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






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