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






2. A card payment system where the cost of goods or services is immediately removed from a bank account.






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






4. A voluntary sector or charity sector organization.






5. An area of land which has never been built on.






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






7. The process of turning raw materials and parts into finished products.






8. 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.






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






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






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






12. An imitation of a product made with the intent to defraud a customer.






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






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






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






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






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






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






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






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






21. Meeting accepted guidelines or laws.






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






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






24. A person or organization which receives money from a charity.






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






26. 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.






27. 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.






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






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






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






31. American Federation of Labour / Association of Industrial Organizations






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






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






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






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






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






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






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






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






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






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






42. A financial instrument that facilitates payment from one currency to another.






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






44. Development which can be done without harming the environment or natural resources.






45. When a price has been cut.






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






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






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






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






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