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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. How companies try to show their products as being different from those of their rivals.






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






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






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






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






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






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






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






9. Obstacles to international trade other than tariffs.






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






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






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






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






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






15. A computerised stock-control system which reorders stock automatically when it reaches a certain level.






16. A period of very high economic activity.






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






18. The money a state earns via taxation.






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






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






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






22. A reduction in the selling price of an item in order to increase sales.






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






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






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






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






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






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






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






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






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






32. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






33. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.






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






35. A test or way of measuring something.






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






37. A consultation document that sets out the government's position on a certain issue.






38. Something which is a copy or imitation.






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






40. Items in a store which have not sold for a longer period of time.






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






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






43. The buying and selling of government securities by a central bank in order to control the money supply.






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






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






46. Patterns of relationships between different groups of society.






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






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






49. 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.






50. 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?