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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. Meeting accepted guidelines or laws.






2. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






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






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






5. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.






6. A government-imposed tax on imports.






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






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






9. Something which is a copy or imitation.






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






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






12. 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.






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






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






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






16. Giving people the freedom to decide things and take responsibility for themselves.






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






18. An extremely adverse environmental condition.






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






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






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






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






23. Goods bought for private use.






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






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






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






27. Financial aid by the government to an individual or group to support an activity that is in the public interest.






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






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






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






31. A period of shrinking economic activity.






32. An area of land which has never been built on.






33. Obstacles to international trade other than tariffs.






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






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






36. The way in which a company is controlled.






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






38. A reduction in the selling price of an item in order to increase sales.






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






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






41. A period of economic expansion.






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






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






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






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






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






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






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






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






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