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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. Obstacles to international trade based on customs tariffs.






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






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






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






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






6. A period where there is little economic activity - high unemployment and much poverty.






7. The process of turning raw materials and parts into finished products.






8. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






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






10. Goods bought for private use.






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






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






13. Multiple retail units under common ownership.






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






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






16. The variety of goods that a retailer sells.






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






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






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






20. A minimum income level below which people are officially poor.






21. The way in which a company is controlled.






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






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






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






25. The support of a cause.






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






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






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






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






30. Volunteer organization for young - disadvantaged Americans.






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






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






33. An individual or company buying from someone.






34. Confederation of British Industry






35. A test or way of measuring something.






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






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






38. A voluntary sector or charity sector organization.






39. 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.






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






41. Products that can hold their own against rival products in terms of price - features or quality.






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






43. Regular fluctuations in overall economic activity over time.






44. Organization for Economic Cooperation and Development






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






46. A government-imposed tax on imports.






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






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






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






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







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