Test your basic knowledge |

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. Business wholly owned by its employees with the emphasis on group decision making.






2. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.






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






4. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.






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






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






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






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






9. 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.






10. Announcing that a product is for sale - trying to persuade customers to buy a product or service.






11. A period of decline in economic activity.






12. Regular fluctuations in overall economic activity over time.






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






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






15. A shop or store.






16. The system of organizations involved in moving a product from manufacturer to customer.






17. A period of economic expansion.






18. 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.






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






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






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






22. The resources used to produce goods and services - including land - labour - business and capital.






23. 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?






24. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.






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






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






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






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






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






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






31. A period of shrinking economic activity.






32. A retailer that concentrates on selling one particular type of good.






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






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






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






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






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






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






39. Meeting accepted guidelines or laws.






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






41. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.






42. Something which is a copy or imitation.






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






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






45. The sum of money invested in new or additional equipment.






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






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






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






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






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests