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






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






3. Process of communicating back and forth until an agreement has been reached.






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






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






6. American Federation of Labour / Association of Industrial Organizations






7. 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.






8. The money a state earns via taxation.






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






10. Obstacles to international trade based on customs tariffs.






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






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






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






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






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






16. Goods bought for private use.






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






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






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






20. Confederation of British Industry






21. A storeroom where items which cannot be put on display are stored.






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






23. Meeting accepted guidelines or laws.






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






25. Usually software where the source code is made freely available for all users to change as they see fit.






26. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.






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






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






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. A retail outlet.






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






32. The support of a cause.






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






34. Regular fluctuations in overall economic activity over time.






35. 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.






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






37. Something that is bought without being planned for.






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






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






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






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






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






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






44. An economic sanction that forbids the import of a specific product or all products from a specific country.






45. A period of shrinking economic activity.






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






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






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






49. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.






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






Can you answer 50 questions in 15 minutes?



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