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






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






3. 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.






4. A period of economic expansion.






5. When budget spending exceeds revenue.






6. The Federal Reserve - the US central banking system.






7. Regular fluctuations in overall economic activity over time.






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






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






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






11. An extremely adverse environmental condition.






12. The variety of goods that a retailer sells.






13. 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?






14. Patterns of relationships between different groups of society.






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






16. The rate of interest at which US banks lend money to their best corporate customers.






17. The violation of a law or right.






18. Goods bought for private use.






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






20. A test or way of measuring something.






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






22. 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.






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






24. The amount of money a person has left after paying taxes and buying necessities.






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






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






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






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






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






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






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






32. Confederation of British Industry






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






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






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






36. A shop or store.






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






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






39. The customer group a retailer wants to attract and satisfy.






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






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






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






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






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






45. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.






46. A way of measuring performance by comparing a company to similar ones.






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






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






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






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