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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. Something which is a copy or imitation.






2. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.






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






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






5. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.






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






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






8. A government-imposed tax on imports.






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






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






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






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






13. The variety of goods that a retailer sells.






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






15. A period of very high economic activity.






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






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






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






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






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






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






22. Meeting accepted guidelines or laws.






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






24. A test or way of measuring something.






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






26. The support of a cause.






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






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






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






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






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






32. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).






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






34. Something that is required by law.






35. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.






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






37. An item which is no longer produced by a manufacturer or sold by a retailer.






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






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






40. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.






41. 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.






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






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






44. A period of economic expansion.






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






46. The rare situation when budget spending is smaller than revenue.






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






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






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






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







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