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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. Trade Union Congress.






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






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






4. Buying currency options that fix exchange rates for a period of time.






5. Economic policies designed to support business and help it expand.






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






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






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






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






10. Something that is required by law.






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






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






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






14. The violation of a law or right.






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






16. A test or way of measuring something.






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






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






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






20. Obstacles to international trade based on customs tariffs.






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






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






23. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.






24. Something that is bought without being planned for.






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






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






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






28. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.






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






30. A period of shrinking economic activity.






31. Confederation of British Industry






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






33. A period of very high economic activity.






34. When a company reduces their output during a recession they have excess or idle capacity.






35. Regulations that mean permission from the government is required before certain items can be exported.






36. The customer group a retailer wants to attract and satisfy.






37. American Federation of Labour / Association of Industrial Organizations






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






39. The support of a cause.






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






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






42. Imitating another company's ideas rather than developing your own.






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






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






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






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






47. When budget spending exceeds revenue.






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






49. An individual or company buying from someone.






50. The variety of goods that a retailer sells.