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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. 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.






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






3. Organization for Economic Cooperation and Development






4. A period of economic expansion.






5. American Federation of Labour / Association of Industrial Organizations






6. The system of organizations involved in moving a product from manufacturer to customer.






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






8. 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.






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






10. A consultation document that sets out the government's position on a certain issue.






11. A sign or symbol used by a company such as the Nike swish logo which is protected by law.






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






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






14. Usually software where the source code is made freely available for all users to change as they see fit.






15. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






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






17. When the exports a country makes exceed the imports.






18. A voluntary sector or charity sector organization.






19. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.






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






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






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






23. The way in which a company is controlled.






24. A collection of shops under one roof with a shared entrance and food area.






25. 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.






26. Meeting accepted guidelines or laws.






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






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






29. Value of the entire company as expressed by its market capitalization.






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






31. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






32. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






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






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






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






36. 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.






37. When budget spending exceeds revenue.






38. An extremely adverse environmental condition.






39. 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?






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






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






42. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.






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






44. Something that is required by law.






45. A government-imposed tax on imports.






46. A shop or store.






47. The money a state earns via taxation.






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






49. A computerised stock-control system which reorders stock automatically when it reaches a certain level.






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