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






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






3. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






4. Obstacles to international trade other than tariffs.






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






6. A person or company from whom goods or services are bought.






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






8. A government-imposed tax on imports.






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






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






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






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






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






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






15. The buying and selling of government securities by a central bank in order to control the money supply.






16. The hub of retailing in a city - where the most office buildings and retail stores are.






17. A reduction in price offered when buying an item in higher quantities.






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






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






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






21. An extremely adverse environmental condition.






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






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






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






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






26. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.






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






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






29. The support of a cause.






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






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






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






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






34. The money a state earns via taxation.






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






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






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






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






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






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






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






42. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.






43. Something that is required by law.






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






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






46. When budget spending exceeds revenue.






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






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






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






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