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






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






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






4. A period of shrinking economic activity.






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






6. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.






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






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






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






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






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






12. Sets of specific restraints imposed by governments on international trade.






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






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






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






16. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






17. A period of economic expansion.






18. Obstacles to international trade other than tariffs.






19. Something that is required by law.






20. Organization for Economic Cooperation and Development






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






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






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






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






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






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






27. Volunteer organization for young - disadvantaged Americans.






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






29. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.






30. An individual or company buying from someone.






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






32. Trade Union Congress.






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






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






35. Meeting accepted guidelines or laws.






36. A period of very high economic activity.






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






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






39. A retail outlet.






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






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






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






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






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






45. Agreement that provided the basis for the formation of the European Union.






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






47. Economic policies that use money e.g. interest rates or money supply as the major instruments.






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






49. Confederation of British Industry






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