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






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






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






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






5. An extremely adverse environmental condition.






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






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






8. The system of organizations involved in moving a product from manufacturer to customer.






9. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






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






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






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






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






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






15. Confederation of British Industry






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






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






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






19. Volunteer organization for young - disadvantaged Americans.






20. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.






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






22. The way in which a company is controlled.






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






24. Goods bought for private use.






25. The purchase of a financial product or other item of value with the hope that it will become more valuable.






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






27. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






28. A collection of shops under one roof with a shared entrance and food area.






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






30. 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.






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






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






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






34. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






35. A period of shrinking economic activity.






36. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.






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






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






39. An economic sanction that forbids the import of a specific product or all products from a specific country.






40. American Federation of Labour / Association of Industrial Organizations






41. When a company reduces their output during a recession they have excess or idle capacity.






42. Regular fluctuations in overall economic activity over time.






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






44. When governments try to stabilize economic activities by funding major projects from budget deficits.






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






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






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






48. A test or way of measuring something.






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






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