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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. A country's exports minus its imports.






2. A test or way of measuring something.






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






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






5. Volunteer organization for young - disadvantaged Americans.






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






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






8. Distribution of anything for use - including time or money.






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






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






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






12. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






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






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






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






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






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






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






19. When a price has been cut.






20. The checking - ordering & processing of stock levels.






21. 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.






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






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






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






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






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






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






28. When the exports a country makes exceed the imports.






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






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






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






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






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






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






35. 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.






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






37. The violation of a law or right.






38. A period of shrinking economic activity.






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






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






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






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






43. The way in which a company is controlled.






44. An economic sanction that forbids the import of a specific product or all products from a specific country.






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






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






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






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






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






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







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