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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. Volunteer organization for young - disadvantaged Americans.






2. The total amount of money in circulation in a country.






3. American Federation of Labour / Association of Industrial Organizations






4. A voluntary sector or charity sector organization.






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






6. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.






7. The money a state earns via taxation.






8. Machine for processing sales - taking payments - giving change. Also know as a cash register.






9. When a price has been cut.






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






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






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






13. A test or way of measuring something.






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






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






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






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






18. Something that is bought without being planned for.






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






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






21. Sets of specific restraints imposed by governments on international trade.






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






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






24. Products that can hold their own against rival products in terms of price - features or quality.






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






26. 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.






27. An enormous planned shopping centre with hundreds of stores under one roof.






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






29. Regular fluctuations in overall economic activity over time.






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






31. Meeting accepted guidelines or laws.






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






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






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






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






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






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






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






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






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






41. Something which is a copy or imitation.






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






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






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






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






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






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






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






49. Trade Union Congress.






50. The difference between merchandise costs and retail selling price.