Test your basic knowledge |

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






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






3. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.






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






5. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






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






7. A voluntary sector or charity sector organization.






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






9. Something which is a copy or imitation.






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






11. The violation of a law or right.






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






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






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






15. Process of communicating back and forth until an agreement has been reached.






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






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






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






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






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






21. A country's exports minus its imports.






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






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






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






25. When a price has been cut.






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






27. The balance between interest rates and the demand for money.






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






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






30. The way in which a company is controlled.






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






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






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






34. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.






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






36. Patterns of relationships between different groups of society.






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






38. Multiple retail units under common ownership.






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






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






41. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?






42. Confederation of British Industry






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






44. The buying and selling of government securities by a central bank in order to control the money supply.






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






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






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






48. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.






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






50. When a customer regularly uses a store they know - like and trust.