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






2. The percentage of a household's income that is saved.






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






4. Machine for processing sales - taking payments - giving change. Also know as a cash register.






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






6. Confederation of British Industry






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






8. A period where there is little economic activity - high unemployment and much poverty.






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






10. The number of times during a period a business sells its inventory and replaces it.






11. 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.






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






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






14. Trade Union Congress.






15. An extremely adverse environmental condition.






16. Meeting accepted guidelines or laws.






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






18. Something that is required by law.






19. 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.






20. The difference between merchandise costs and retail selling price.






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






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






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






24. A shop or store.






25. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.






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






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






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






29. Shows the flows of money into and out of a country plus transfer payments.






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






31. The rate of interest at which US banks lend money to their best corporate customers.






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






33. When the amount borrowed to pay for a home is now more than the property is actually worth.






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






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






36. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.






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






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






39. The legal right of the owner of a work over its control and distribution.






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






41. A government-imposed tax on imports.






42. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.






43. A retail outlet.






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






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






46. Volunteer organization for young - disadvantaged Americans.






47. The support of a cause.






48. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.






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






50. A person or company from whom goods or services are bought.