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






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






3. An extremely adverse environmental condition.






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






5. Focusing on a more specific line of products or services in comparison to competitors.






6. A consultation document that sets out the government's position on a certain issue.






7. Confederation of British Industry






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






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






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






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. American Federation of Labour / Association of Industrial Organizations






13. Machine for processing sales - giving change in a shop or restaurant.






14. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.






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






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






17. Distribution of anything for use - including time or money.






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






19. Items in a store which have not sold for a longer period of time.






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






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






22. The money a state earns via taxation.






23. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.






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






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






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






27. Regulations that mean permission from the government is required before certain items can be exported.






28. When a customer regularly uses a store they know - like and trust.






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






30. A period of decline in economic activity.






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






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






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






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






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






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






37. A range of many things or people that are very different from each other.






38. Goods bought for private use.






39. A test or way of measuring something.






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






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






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






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






44. The percentage of a household's income that is saved.






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






46. The variety of goods that a retailer sells.






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






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






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






50. 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.







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