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






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






3. Refers to the number of distinct goods or services a retailer offers.






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






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






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






7. 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.






8. Something which is a copy or imitation.






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






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






11. Development which can be done without harming the environment or natural resources.






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






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






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






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






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






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






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






19. Patterns of relationships between different groups of society.






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






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






22. Business wholly owned by its employees with the emphasis on group decision making.






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






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






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






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






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






28. Something that is bought without being planned for.






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






30. 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.






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






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






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






34. Something that is required by law.






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






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






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






38. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).






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






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






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






42. A shop or store.






43. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.






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






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






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






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






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






49. A government-imposed tax on imports.






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