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






2. The rate of interest at which US banks lend money to their best corporate customers.






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






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






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






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






7. The money a state earns via taxation.






8. Volunteer organization for young - disadvantaged Americans.






9. Someone who does something without being paid for it - e.g. working for a charity.






10. Meeting accepted guidelines or laws.






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






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






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






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






15. The violation of a law or right.






16. Agreement that provided the basis for the formation of the European Union.






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






18. When a price has been cut.






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






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






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






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






23. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.






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






25. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.






26. Connected with society and the way it is organized.






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






28. Obstacles to international trade based on customs tariffs.






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






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






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






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






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






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






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






36. 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?






37. A consultation document that sets out the government's position on a certain issue.






38. Goods bought for private use.






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






40. Machine for processing sales - taking payments - giving change. Also know as a cash register.






41. Value of the entire company as expressed by its market capitalization.






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






43. When a small number of companies control a certain market.






44. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.






45. Patterns of relationships between different groups of society.






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






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






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






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






50. Hiring an external company to perform tasks for a company and reduce costs.