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






2. Hiring an external company to perform tasks for a company and reduce costs.






3. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.






4. The support of a cause.






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






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






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






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






9. Involving the use of natural resources and energy in a way that does not harm the environment.






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






11. The way in which a company is controlled.






12. Announcing that a product is for sale - trying to persuade customers to buy a product or service.






13. 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.






14. The money a state earns via taxation.






15. Focusing on a more specific line of products or services in comparison to competitors.






16. A financial instrument that facilitates payment from one currency to another.






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






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






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






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






21. A period of economic expansion.






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






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






24. A government-imposed tax on imports.






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






26. When budget spending exceeds revenue.






27. 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.






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






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






30. Multiple retail units under common ownership.






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






32. When a price has been cut.






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






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






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






36. A test or way of measuring something.






37. Selling items to a customer directly - for example via telephone - without a store being involved in the process.






38. 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.






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






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






41. The violation of a law or right.






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






43. Organization for Economic Cooperation and Development






44. A period of very high economic activity.






45. Buying currency options that fix exchange rates for a period of time.






46. Government policies to cool down an economy and prevent inflation during boom periods.






47. Doing something (performing a process) to make a material ready for your requirments.






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






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






50. The amount of wealth - money - comfort etc that a particular person - group or society has.






Can you answer 50 questions in 15 minutes?



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