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






2. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.






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






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






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






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






7. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.






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






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






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






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






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






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






14. A voluntary sector or charity sector organization.






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






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






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






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






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






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






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






22. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.






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






24. The variety of goods that a retailer sells.






25. An extremely adverse environmental condition.






26. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.






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






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






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






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






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






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






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






34. 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.






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






36. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.






37. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.






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






39. A period of very high economic activity.






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






41. When a price has been cut.






42. A shop or store.






43. Organization for Economic Cooperation and Development






44. When budget spending exceeds revenue.






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






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






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






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






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






50. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.