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






2. A test or way of measuring something.






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






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






5. 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.






6. Something that is required by law.






7. Confederation of British Industry






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






9. A voluntary sector or charity sector organization.






10. Announcing that a product is for sale - trying to persuade customers to buy a product or service.






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






12. A retailer that concentrates on selling one particular type of good.






13. 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.






14. Refers to the number of distinct goods or services a retailer offers.






15. The support of a cause.






16. Exclusive ownership of a property for an indefinite period of time.






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






18. Volunteer organization for young - disadvantaged Americans.






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






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






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






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






23. Giving people the freedom to decide things and take responsibility for themselves.






24. An area of land which has never been built on.






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






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






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






28. The amount of money a person has left after paying taxes and buying necessities.






29. 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.






30. A retail store that handles a wide variety of inexpensive and cheaply priced goods.






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






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






33. American Federation of Labour / Association of Industrial Organizations






34. Obstacles to international trade based on customs tariffs.






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






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






37. When the imports into a country exceed the exports going out of a country.






38. The violation of a law or right.






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






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






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






42. A country's exports minus its imports.






43. Patterns of relationships between different groups of society.






44. When a private company provides a public service in agreement with a government or council.






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






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






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






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






49. An extremely adverse environmental condition.






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