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






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






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






4. A minimum income level below which people are officially poor.






5. Involving the use of natural resources and energy in a way that does not harm the environment.






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






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






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






9. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.






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






11. A test or way of measuring something.






12. An extremely adverse environmental condition.






13. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.






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






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






16. A voluntary sector or charity sector organization.






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






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






19. Regular fluctuations in overall economic activity over time.






20. The way in which a company is controlled.






21. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.






22. The number of times during a period a business sells its inventory and replaces it.






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






24. Consumer goods that have a long life span - e.g. furniture.






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






26. A government-imposed tax on imports.






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






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






29. A way of measuring performance by comparing a company to similar ones.






30. Obstacles to international trade based on customs tariffs.






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






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






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






34. real Gross Domestic Product is the level of GDP having been adjusted for inflation.






35. The customer group a retailer wants to attract and satisfy.






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






37. The support of a cause.






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






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






40. 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.






41. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.






42. An individual or company buying from someone.






43. Volunteer organization for young - disadvantaged Americans.






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






45. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






46. The process of turning raw materials and parts into finished products.






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






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






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






50. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.