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






2. Government policies to cool down an economy and prevent inflation during boom periods.






3. Volunteer organization for young - disadvantaged Americans.






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






5. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.






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






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






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






9. Patterns of relationships between different groups of society.






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






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






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






13. The difference between merchandise costs and retail selling price.






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






15. A government-imposed tax on imports.






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






17. A way of measuring performance by comparing a company to similar ones.






18. A period of decline in economic activity.






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






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






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






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






23. The money a state earns via taxation.






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






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






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






27. 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.






28. A period of shrinking economic activity.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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







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