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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. Something which is a copy or imitation.






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






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






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






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






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






7. The total amount of money in circulation in a country.






8. Something that is bought without being planned for.






9. The skills and knowledge needed to start and run a company.






10. Items sold in a store during a certain period measuring in number of units or value.






11. 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?






12. 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.






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






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






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






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






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






18. American Federation of Labour / Association of Industrial Organizations






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






20. An individual or company buying from someone.






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






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






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






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






25. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.






26. An extremely adverse environmental condition.






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






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






29. Multiple retail units under common ownership.






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






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






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






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






34. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.






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






36. A company's main products - e.g. Opel's core product is cars.






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






38. A shop or store.






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






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






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






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






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






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






45. The variety of goods that a retailer sells.






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






47. A test or way of measuring something.






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






49. A government-imposed tax on imports.






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