Test your basic knowledge |

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






2. Payments made like a bribe to encourage an official to allow something or get something done.






3. Consumer goods that have a short life span - e.g. food or paper tissues.






4. A collection of shops under one roof with a shared entrance and food area.






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






6. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.






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






8. Meeting accepted guidelines or laws.






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






10. Something that is required by law.






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






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






13. The way in which a company is controlled.






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






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






16. A sign or symbol used by a company such as the Nike swish logo which is protected by law.






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






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






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






20. Doing something (performing a process) to make a material ready for your requirments.






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






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






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






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






25. Involving the use of natural resources and energy in a way that does not harm the environment.






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






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






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






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






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






31. A financial instrument that facilitates payment from one currency to another.






32. Buying currency options that fix exchange rates for a period of time.






33. A period of shrinking economic activity.






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






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






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






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






38. Something that is bought without being planned for.






39. Volunteer organization for young - disadvantaged Americans.






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






41. The variety of goods that a retailer sells.






42. A storeroom where items which cannot be put on display are stored.






43. A small owner-operated store serving a local community.






44. A voluntary sector or charity sector organization.






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






46. Relating to cities or built up areas - not the countryside.






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






48. Obstacles to international trade other than tariffs.






49. When the exports a country makes exceed the imports.






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