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






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






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






4. An extremely adverse environmental condition.






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






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






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






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






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






10. 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.






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






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






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






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






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






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






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






18. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






19. The variety of goods that a retailer sells.






20. real Gross Domestic Product is the level of GDP having been adjusted for inflation.






21. A reduction in the selling price of an item in order to increase sales.






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






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






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






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






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






27. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.






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






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






30. When budget spending exceeds revenue.






31. A period of decline in economic activity.






32. Regular fluctuations in overall economic activity over time.






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






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






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






36. 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.






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






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






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






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






41. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.






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






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






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






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






46. A medicine which is available without first getting a prescription from a doctor.






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






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






49. Something that is required by law.






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