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






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






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






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






5. Items which a shop has and are available to buy.






6. When a company reduces their output during a recession they have excess or idle capacity.






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






8. 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.






9. A reduction in the selling price of an item in order to increase sales.






10. Obstacles to international trade other than tariffs.






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






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






13. The violation of a law or right.






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






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






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






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






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






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






20. The amount of money a person has left after paying taxes and buying necessities.






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






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






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






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






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






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






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






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






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






30. A retail outlet.






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






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






33. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.






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






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






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






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






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






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






40. 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?






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






42. Refers to the number of distinct goods or services a retailer offers.






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






44. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.






45. Regular fluctuations in overall economic activity over time.






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






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






48. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.






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






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