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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. When the exports a country makes exceed the imports.






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






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






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






5. Economic policies designed to support business and help it expand.






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






7. The process of turning raw materials and parts into finished products.






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






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






10. The percentage of a household's income that is saved.






11. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






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






13. Items in a store which have not sold for a longer period of time.






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






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






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






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






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






19. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.






20. An item which is no longer produced by a manufacturer or sold by a retailer.






21. Someone who does something without being paid for it - e.g. working for a charity.






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






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






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






25. The support of a cause.






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






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






28. An economic sanction that forbids the import of a specific product or all products from a specific country.






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






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






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






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






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






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






35. A government-imposed tax on imports.






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






37. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






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






39. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.






40. When budget spending exceeds revenue.






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






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






43. The money a state earns via taxation.






44. The purchase of a financial product or other item of value with the hope that it will become more valuable.






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






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






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






48. The variety of goods that a retailer sells.






49. 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.






50. 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.