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






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






3. 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.






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






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






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






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






8. Trade Union Congress.






9. Giving people the freedom to decide things and take responsibility for themselves.






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






11. A person who works for someone else in exchange for payment.






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






13. A period of economic expansion.






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






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






16. Something that is bought without being planned for.






17. Organization for Economic Cooperation and Development






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






19. The way in which a company is controlled.






20. A test or way of measuring something.






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






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






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






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






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






26. A reduction in price offered when buying an item in higher quantities.






27. A tax imposed on imports by the customs authority of a country.






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






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






30. When budget spending exceeds revenue.






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






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






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






34. Volunteer organization for young - disadvantaged Americans.






35. 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.






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






37. A period of shrinking economic activity.






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






39. A sign or symbol used by a company such as the Nike swish logo which is protected by law.






40. The money a state earns via taxation.






41. A period of decline in economic activity.






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






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






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






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






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






47. An individual or company buying from someone.






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






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






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