Test your basic knowledge |

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






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






3. A period of very high economic activity.






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






5. A large retail unit selling a wide variety of goods in separate departments.






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






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






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






9. A retail store that handles a wide variety of inexpensive and cheaply priced goods.






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






11. A government-imposed tax on imports.






12. An individual or company buying from someone.






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






14. 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.






15. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.






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






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






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






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






20. A range of many things or people that are very different from each other.






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






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






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






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






25. An enormous planned shopping centre with hundreds of stores under one roof.






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






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






28. 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.






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






30. Confederation of British Industry






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






32. Relating to cities or built up areas - not the countryside.






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






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






35. The money a state earns via taxation.






36. Products that can hold their own against rival products in terms of price - features or quality.






37. American Federation of Labour / Association of Industrial Organizations






38. A country's exports minus its imports.






39. The violation of a law or right.






40. Something that is required by law.






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






42. The customer group a retailer wants to attract and satisfy.






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






44. 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.






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






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






47. Value of the entire company as expressed by its market capitalization.






48. A small owner-operated store serving a local community.






49. Goods bought for private use.






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests