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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. A test or way of measuring something.






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






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






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






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






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






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






8. The violation of a law or right.






9. Goods bought for private use.






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






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






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






13. Patterns of relationships between different groups of society.






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






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






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






17. 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.






18. Confederation of British Industry






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






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






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






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






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






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






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






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






27. The money a state earns via taxation.






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






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






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






31. The resources used to produce goods and services - including land - labour - business and capital.






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






33. 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?






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






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






36. System in which good or services are exchanged for other goods or services rather than cash.






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






38. Doing something (performing a process) to make a material ready for your requirments.






39. A large retail unit selling a wide variety of goods in separate departments.






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






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






42. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.






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






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






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






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






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






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






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






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