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






2. The money a state earns via taxation.






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






4. A self-service food store with grocery - meat and produce departments.






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






6. A financial instrument that facilitates payment from one currency to another.






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






8. A government-imposed tax on imports.






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






10. Patterns of relationships between different groups of society.






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






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






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






14. The legal right of the owner of a work over its control and distribution.






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






16. A period where there is little economic activity - high unemployment and much poverty.






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






18. Something that is required by law.






19. The area of the economy that produces goods and provides services.






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






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






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






23. Connected with society and the way it is organized.






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






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






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






27. American Federation of Labour / Association of Industrial Organizations






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






29. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.






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






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






32. A shop or store.






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






34. A period of very high economic activity.






35. The total sum of goods and services in demand.






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






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






38. The violation of a law or right.






39. The Federal Reserve - the US central banking system.






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






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






42. 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.






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






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






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






46. Meeting accepted guidelines or laws.






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






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






49. Volunteer organization for young - disadvantaged Americans.






50. Hiring an external company to perform tasks for a company and reduce costs.