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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. The area of the economy that produces goods and provides services.






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






3. Patterns of relationships between different groups of society.






4. The support of a cause.






5. When a small number of companies control a certain market.






6. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.






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






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






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






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






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






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






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






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






15. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






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






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






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






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






20. Multiple retail units under common ownership.






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






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






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






24. A period of economic expansion.






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






26. A large - long-term loan taken out to pay for a house.






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






28. Trade Union Congress.






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






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






31. When a company reduces their output during a recession they have excess or idle capacity.






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






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






34. 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.






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






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






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






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






39. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.






40. Items which a shop has and are available to buy.






41. The total sum of goods and services in demand.






42. A period of shrinking economic activity.






43. A period of decline in economic activity.






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






45. Consumer goods that have a short life span - e.g. food or paper tissues.






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






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






48. 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.






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






50. Statement of policy issued by a government which may form the basis of a future law.