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






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






4. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.






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






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






7. The variety of goods that a retailer sells.






8. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).






9. A period of shrinking economic activity.






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






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






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






13. Something which is a copy or imitation.






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






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






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






17. 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.






18. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.






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






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






21. System in which good or services are exchanged for other goods or services rather than cash.






22. A country's exports minus its imports.






23. 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.






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






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






26. Selling items to a customer directly - for example via telephone - without a store being involved in the process.






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






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






29. Confederation of British Industry






30. Obstacles to international trade based on customs tariffs.






31. Regular fluctuations in overall economic activity over time.






32. Organization for Economic Cooperation and Development






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






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






35. Multiple retail units under common ownership.






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






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






38. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.






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






40. The total sum of a nation's outstanding debt.






41. A shop or store.






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






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






44. The number of times during a period a business sells its inventory and replaces it.






45. A test or way of measuring something.






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






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






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






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






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