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






2. Financial aid by the government to an individual or group to support an activity that is in the public interest.






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






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






5. Patterns of relationships between different groups of society.






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






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






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






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






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






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






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






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






14. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.






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






16. A shop or store.






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






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






19. Multiple retail units under common ownership.






20. The percentage of people who do not have a job.






21. A person who works for someone else in exchange for payment.






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






23. A country's exports minus its imports.






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






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






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






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






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






29. A person or organization which receives money from a charity.






30. Obstacles to international trade other than tariffs.






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






32. Organization for Economic Cooperation and Development






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






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






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






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






37. An individual or company buying from someone.






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






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






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






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






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






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






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






45. 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.






46. The percentage of a household's income that is saved.






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






48. When a price has been cut.






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






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