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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. How companies try to show their products as being different from those of their rivals.






2. The total sum of a nation's outstanding debt.






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






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






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






6. Obstacles to international trade other than tariffs.






7. Goods bought for private use.






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






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






10. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






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






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






13. The checking - ordering & processing of stock levels.






14. Trade Union Congress.






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






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






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






18. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.






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






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






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






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






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






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






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






26. Focusing on a more specific line of products or services in comparison to competitors.






27. Patterns of relationships between different groups of society.






28. 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.






29. 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?






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






31. American Federation of Labour / Association of Industrial Organizations






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






33. Regular fluctuations in overall economic activity over time.






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






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






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






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






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






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






40. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.






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






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






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






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






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






46. Meeting accepted guidelines or laws.






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






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






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






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







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