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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. 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.






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






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






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






5. A voluntary sector or charity sector organization.






6. A financial instrument that facilitates payment from one currency to another.






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






8. Trade Union Congress.






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






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






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






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






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






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






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






16. A retail outlet.






17. 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.






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






19. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.






20. When the imports into a country exceed the exports going out of a country.






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






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






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






24. An individual or company buying from someone.






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






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






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






28. Business wholly owned by its employees with the emphasis on group decision making.






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






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






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






32. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






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






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






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






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






37. A period of shrinking economic activity.






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






39. Goods bought and used by companies - such as machines. Also known as capital goods.






40. Economic policies that use money e.g. interest rates or money supply as the major instruments.






41. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.






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






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






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






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






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






47. A country's exports minus its imports.






48. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.






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






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







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