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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. Machine for processing sales - giving change in a shop or restaurant.






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






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






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






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






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






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






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






9. The variety of goods that a retailer sells.






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






11. A period of economic expansion.






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






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






14. Consumer goods that have a long life span - e.g. furniture.






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






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






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






18. A period of very high economic activity.






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






20. Patterns of relationships between different groups of society.






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






22. A voluntary sector or charity sector organization.






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






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






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






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






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






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






29. Focusing on a more specific line of products or services in comparison to competitors.






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






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






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






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






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






35. The way in which a company is controlled.






36. Statement of policy issued by a government which may form the basis of a future law.






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






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






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






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






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






42. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.






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






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






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






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






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






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






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






50. Something that is required by law.







Sorry!:) No result found.

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