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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. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






18. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.






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






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






21. 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.






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






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






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






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






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






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






28. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.






29. Regular fluctuations in overall economic activity over time.






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






31. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






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






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






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






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






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






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






38. An owner of shares or stocks in a company.






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






40. A person or company from whom goods or services are bought.






41. Something which is a copy or imitation.






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






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






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






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






46. Payments made like a bribe to encourage an official to allow something or get something done.






47. A voluntary sector or charity sector organization.






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






49. Patterns of relationships between different groups of society.






50. 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.






Can you answer 50 questions in 15 minutes?



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