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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. American Federation of Labour / Association of Industrial Organizations






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






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






4. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






5. System in which good or services are exchanged for other goods or services rather than cash.






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






7. The violation of a law or right.






8. The way in which a company is controlled.






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






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






11. An enormous planned shopping centre with hundreds of stores under one roof.






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






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






14. A test or way of measuring something.






15. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






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






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






18. Goods bought and used by companies - such as machines. Also known as capital goods.






19. A shop or store.






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






21. Something that is required by law.






22. A period of shrinking economic activity.






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






24. 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?






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






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






27. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.






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






29. 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.






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






31. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.






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






33. The number of times during a period a business sells its inventory and replaces it.






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






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






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






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






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






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






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






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






42. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.






43. 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.






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






45. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






46. An owner of shares or stocks in a company.






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






48. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.






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






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






Can you answer 50 questions in 15 minutes?



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