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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 extremely adverse environmental condition.






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






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






4. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?






5. A large retail unit selling a wide variety of goods in separate departments.






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






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






8. The buying and selling of government securities by a central bank in order to control the money supply.






9. The sum of money invested in new or additional equipment.






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






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






12. A period of shrinking economic activity.






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






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






15. Something which is a copy or imitation.






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






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






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






19. A period of very high economic activity.






20. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.






21. A period of economic expansion.






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






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






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






25. Confederation of British Industry






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






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






28. A shop or store.






29. Products that can hold their own against rival products in terms of price - features or quality.






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






31. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.






32. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.






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






34. A large - long-term loan taken out to pay for a house.






35. A person or company from whom goods or services are bought.






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






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






38. The violation of a law or right.






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






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






41. The support of a cause.






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






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






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






45. 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.






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






47. 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.






48. The total sum of goods and services in demand.






49. 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.






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