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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. Patterns of relationships between different groups of society.






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






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






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






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






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






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






8. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






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






10. 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.






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






12. A reduction in the selling price of an item in order to increase sales.






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






14. A country's exports minus its imports.






15. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






16. A period of very high economic activity.






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






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






20. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.






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






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






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






24. Central Business District - the largest retail and office area of a city - also known as downtown






25. American Federation of Labour / Association of Industrial Organizations






26. An extremely adverse environmental condition.






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






28. A shop or store.






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






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






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






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






33. The money a state earns via taxation.






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






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






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






37. Volunteer organization for young - disadvantaged Americans.






38. Regulations that mean permission from the government is required before certain items can be exported.






39. The area of the economy that produces goods and provides services.






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






41. A period of economic expansion.






42. The difference between merchandise costs and retail selling price.






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






44. Giving people the freedom to decide things and take responsibility for themselves.






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






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






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






48. The legal right of the owner of a work over its control and distribution.






49. When budget spending exceeds revenue.






50. A retail outlet.