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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. A range of many things or people that are very different from each other.






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






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






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






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






6. 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.






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






8. The variety of goods that a retailer sells.






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






10. When the imports into a country exceed the exports going out of a country.






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






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






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






14. 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.






15. American Federation of Labour / Association of Industrial Organizations






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






17. Regular fluctuations in overall economic activity over time.






18. A person or company from whom goods or services are bought.






19. Volunteer organization for young - disadvantaged Americans.






20. The different layers within a society e.g. class - income - education.






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






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






23. A reduction in price offered when buying an item in higher quantities.






24. A period of decline in economic activity.






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






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






27. A card payment system where the cost of goods or services is immediately removed from a bank account.






28. The total sum of goods and services in demand.






29. Organization for Economic Cooperation and Development






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






31. The way in which a company is controlled.






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






33. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.






34. The checking - ordering & processing of stock levels.






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






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






37. When the amount borrowed to pay for a home is now more than the property is actually worth.






38. Meeting accepted guidelines or laws.






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






40. Consumer goods that have a short life span - e.g. food or paper tissues.






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






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






43. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






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






45. The money a state earns via taxation.






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






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






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






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






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