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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. Something that is bought without being planned for.






2. Goods bought for private use.






3. The violation of a law or right.






4. Confederation of British Industry






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






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






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






8. The hub of retailing in a city - where the most office buildings and retail stores are.






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






10. A period of decline in economic activity.






11. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.






12. A period of very high economic activity.






13. The total sum of goods and services in demand.






14. 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.






15. The variety of goods that a retailer sells.






16. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






17. Statement of policy issued by a government which may form the basis of a future law.






18. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.






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






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






21. A shop or store.






22. When the amount borrowed to pay for a home is now more than the property is actually worth.






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






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






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






26. A country's exports minus its imports.






27. Multiple retail units under common ownership.






28. Regular fluctuations in overall economic activity over time.






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






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






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






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






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






34. A period of economic expansion.






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






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






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






38. When the imports into a country exceed the exports going out of a country.






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






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






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






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






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






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






45. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






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






47. Financial aid by the government to an individual or group to support an activity that is in the public interest.






48. Volunteer organization for young - disadvantaged Americans.






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






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