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






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






3. Trade Union Congress.






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






5. 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.






6. 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?






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






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






9. Meeting accepted guidelines or laws.






10. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






11. An extremely adverse environmental condition.






12. Something which is a copy or imitation.






13. 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.






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






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






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






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






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






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






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






21. A test or way of measuring something.






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






23. The money a state earns via taxation.






24. The checking - ordering & processing of stock levels.






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






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






27. 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.






28. 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.






29. A retail store that handles a wide variety of inexpensive and cheaply priced goods.






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






31. Doing something (performing a process) to make a material ready for your requirments.






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






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






34. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






35. When a price has been cut.






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






37. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.






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






39. The violation of a law or right.






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






41. When a customer regularly uses a store they know - like and trust.






42. Consumer goods that have a long life span - e.g. furniture.






43. The way in which a company is controlled.






44. Involving the use of natural resources and energy in a way that does not harm the environment.






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






46. Something that is bought without being planned for.






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






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






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






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






Can you answer 50 questions in 15 minutes?



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