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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. A retailer that concentrates on selling one particular type of good.






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






3. Goods bought for private use.






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






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






6. Volunteer organization for young - disadvantaged Americans.






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






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






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






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






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






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






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






14. Trade Union Congress.






15. A test or way of measuring something.






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






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. A voluntary sector or charity sector organization.






19. A storeroom where items which cannot be put on display are stored.






20. The violation of a law or right.






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






22. A period of very high economic activity.






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






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






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






26. The way in which a company is controlled.






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






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






29. A medicine which is available without first getting a prescription from a doctor.






30. When the exports a country makes exceed the imports.






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






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






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






34. A computerised stock-control system which reorders stock automatically when it reaches a certain level.






35. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.






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






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






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






39. Something which is a copy or imitation.






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






41. Meeting accepted guidelines or laws.






42. When budget spending exceeds revenue.






43. An enormous planned shopping centre with hundreds of stores under one roof.






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






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






46. Selling items to a customer directly - for example via telephone - without a store being involved in the process.






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






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






49. Multiple retail units under common ownership.






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