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






2. The customer group a retailer wants to attract and satisfy.






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






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






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






6. Something that is bought without being planned for.






7. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.






8. A minimum income level below which people are officially poor.






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






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






11. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






12. Items sold in a store during a certain period measuring in number of units or value.






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






14. 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.






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






16. The support of a cause.






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






18. Volunteer organization for young - disadvantaged Americans.






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






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






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






22. Regulations that mean permission from the government is required before certain items can be exported.






23. A retail outlet.






24. A test or way of measuring something.






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






26. An area of land which has never been built on.






27. The money a state earns via taxation.






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






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






30. A company's main products - e.g. Opel's core product is cars.






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






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






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






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






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






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






37. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.






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






39. Obstacles to international trade other than tariffs.






40. 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.






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






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






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






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






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






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






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






48. 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.






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






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