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






2. An individual or company buying from someone.






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






4. Relating to cities or built up areas - not the countryside.






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






6. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.






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






8. A card payment system where the cost of goods or services is immediately removed from a bank account.






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






10. A tax imposed on imports by the customs authority of a country.






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






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






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






14. When a price has been cut.






15. The money a state earns via taxation.






16. Something that is bought without being planned for.






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






18. A voluntary sector or charity sector organization.






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






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






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






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






23. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.






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






25. Multiple retail units under common ownership.






26. When budget spending exceeds revenue.






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






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






29. Goods bought for private use.






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






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






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






33. Something that is required by law.






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






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






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






37. Obstacles to international trade based on customs tariffs.






38. A small owner-operated store serving a local community.






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






40. 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.






41. An extremely adverse environmental condition.






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






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






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






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






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






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






48. The violation of a law or right.






49. When a small number of companies control a certain market.






50. A period where there is little economic activity - high unemployment and much poverty.