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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. Organization for Economic Cooperation and Development






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






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






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






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






6. Something that is required by law.






7. A period of very high economic activity.






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






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






10. A voluntary sector or charity sector organization.






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






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






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






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






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






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






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






18. A period of shrinking economic activity.






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






20. 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.






21. Obstacles to international trade other than tariffs.






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






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






24. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.






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






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






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






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






29. Doing something (performing a process) to make a material ready for your requirments.






30. Confederation of British Industry






31. The violation of a law or right.






32. The hub of retailing in a city - where the most office buildings and retail stores are.






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






34. Meeting accepted guidelines or laws.






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






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






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






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






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






40. The amount of money a person has left after paying taxes and buying necessities.






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






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






43. Economic policies designed to support business and help it expand.






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






45. Selling items to a customer directly - for example via telephone - without a store being involved in the process.






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






47. The money a state earns via taxation.






48. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






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






50. 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.







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