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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 government-imposed tax on imports.






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






3. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






4. The percentage of people who do not have a job.






5. 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.






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






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






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






9. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.






10. Regular fluctuations in overall economic activity over time.






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






12. A period of decline in economic activity.






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






14. An individual or company buying from someone.






15. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.






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






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






18. The way in which a company is controlled.






19. Something that is required by law.






20. A period of very high economic activity.






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






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






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






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






25. A period of shrinking economic activity.






26. A large retail unit selling a wide variety of goods in separate departments.






27. Multiple retail units under common ownership.






28. When a customer regularly uses a store they know - like and trust.






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






30. An extremely adverse environmental condition.






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






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






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






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






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






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






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






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






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






40. Obstacles to international trade other than tariffs.






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






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






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






44. How companies try to show their products as being different from those of their rivals.






45. A computerised stock-control system which reorders stock automatically when it reaches a certain level.






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






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






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






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






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