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






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






3. A tax imposed on imports by the customs authority of a country.






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






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






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






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






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






9. Trade Union Congress.






10. A test or way of measuring something.






11. 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?






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






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






14. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






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






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






17. Items sold in a store during a certain period measuring in number of units or value.






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






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






20. Imitating another company's ideas rather than developing your own.






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






22. A period of decline in economic activity.






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






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






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






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






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






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






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






30. Products that can hold their own against rival products in terms of price - features or quality.






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






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






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






34. An economic sanction that forbids the import of a specific product or all products from a specific country.






35. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.






36. The buying and selling of government securities by a central bank in order to control the money supply.






37. When a private company provides a public service in agreement with a government or council.






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






39. A storeroom where items which cannot be put on display are stored.






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






41. Relating to cities or built up areas - not the countryside.






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






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






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






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






46. The rate of interest at which US banks lend money to their best corporate customers.






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






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






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






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