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






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






3. A person who works for someone else in exchange for payment.






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






5. The total amount of money in circulation in a country.






6. Process of communicating back and forth until an agreement has been reached.






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






8. 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.






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






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






11. The variety of goods that a retailer sells.






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






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






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






15. A test or way of measuring something.






16. When a price has been cut.






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






18. Volunteer organization for young - disadvantaged Americans.






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






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






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






22. A large - long-term loan taken out to pay for a house.






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






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






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






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






27. The different layers within a society e.g. class - income - education.






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






29. The support of a cause.






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






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






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






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






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






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






36. 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.






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






38. Patterns of relationships between different groups of society.






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






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






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






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






43. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






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






45. The number of times during a period a business sells its inventory and replaces it.






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






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






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






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






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