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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 land which has never been built on.






2. Organization for Economic Cooperation and Development






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






4. A retail outlet.






5. Something which is a copy or imitation.






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






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






8. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.






9. A medicine which is available without first getting a prescription from a doctor.






10. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.






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






12. The variety of goods that a retailer sells.






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






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






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






16. Patterns of relationships between different groups of society.






17. Connected with society and the way it is organized.






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






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






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






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






22. A small owner-operated store serving a local community.






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






24. The sum of money invested in new or additional equipment.






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






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






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






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






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






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






31. The system of organizations involved in moving a product from manufacturer to customer.






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






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






34. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.






35. Obstacles to international trade based on customs tariffs.






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






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






38. When the exports a country makes exceed the imports.






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






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






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






42. Goods bought and used by companies - such as machines. Also known as capital goods.






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






44. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






45. Something that is required by law.






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






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






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






49. Giving people the freedom to decide things and take responsibility for themselves.






50. The violation of a law or right.