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






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






3. Organization for Economic Cooperation and Development






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






5. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






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






7. A reduction in the selling price of an item in order to increase sales.






8. 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.






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






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






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






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






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






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






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






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






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






18. An extremely adverse environmental condition.






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






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






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






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






23. Doing something (performing a process) to make a material ready for your requirments.






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






25. Patterns of relationships between different groups of society.






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






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






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






29. Business wholly owned by its employees with the emphasis on group decision making.






30. A small owner-operated store serving a local community.






31. Volunteer organization for young - disadvantaged Americans.






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






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






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






35. Agreement that provided the basis for the formation of the European Union.






36. 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.






37. The skills and knowledge needed to start and run a company.






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






39. Multiple retail units under common ownership.






40. A country's exports minus its imports.






41. A shop or store.






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






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






44. A voluntary sector or charity sector organization.






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






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






47. Someone who does something without being paid for it - e.g. working for a charity.






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






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






50. The way in which a company is controlled.







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Can you answer 50 questions in 15 minutes?


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