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






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






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






4. A period of economic expansion.






5. The money a state earns via taxation.






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






7. A voluntary sector or charity sector organization.






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






9. A consultation document that sets out the government's position on a certain issue.






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






11. A period of shrinking economic activity.






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






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






14. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






15. A self-service food store with grocery - meat and produce departments.






16. A retail outlet.






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






18. Multiple retail units under common ownership.






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






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






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






22. A test or way of measuring something.






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






24. A shop or store.






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






26. A retail store that handles a wide variety of inexpensive and cheaply priced goods.






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






28. Goods bought for private use.






29. The percentage of people who do not have a job.






30. An imitation of a product made with the intent to defraud a customer.






31. Meeting accepted guidelines or laws.






32. A country's exports minus its imports.






33. 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.






34. An extremely adverse environmental condition.






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






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






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






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






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






40. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.






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






42. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.






43. An item which is no longer produced by a manufacturer or sold by a retailer.






44. American Federation of Labour / Association of Industrial Organizations






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






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






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






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






49. Volunteer organization for young - disadvantaged Americans.






50. Trade Union Congress.