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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. The sum of money invested in new or additional equipment.






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






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






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






5. A retail outlet.






6. An individual or company buying from someone.






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






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






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






10. 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.






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






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






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






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






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






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






17. 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.






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






19. A country's exports minus its imports.






20. When a small number of companies control a certain market.






21. 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.






22. Central Business District - the largest retail and office area of a city - also known as downtown






23. 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.






24. When budget spending exceeds revenue.






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






26. A period of decline in economic activity.






27. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.






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






29. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






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






31. The total sum of goods and services in demand.






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






33. Goods bought for private use.






34. A person who works for someone else in exchange for payment.






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






36. Something that is bought without being planned for.






37. Multiple retail units under common ownership.






38. Obstacles to international trade other than tariffs.






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






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






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






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






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






44. A voluntary sector or charity sector organization.






45. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.






46. The violation of a law or right.






47. Confederation of British Industry






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






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






50. Focusing on a more specific line of products or services in comparison to competitors.